OBIE launches online app store for open banking-related products
OBIE is a body established by the Competition and Markets Authority (CMA) to deliver open banking in the UK
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China to deploy 600,000 5G base stations by the end of the year
China Mobile, China Unicom and China Telecom have already built more than 250,000 5G base stations across China
Codat raises $10 million to foray into US market
Codat is focused on integrating data systems of small businesses to banks, fintechs and other financial institutions
HSBC to fund $558 mn for UAE’s Etihad Railway project
The funds will go to the UAE’s National Projects and Construction (NPC) and China Railway Construction Corporation (CRCC)
African airlines expected to lose $8.103 bn in revenue this year
Based on the Covid-19 impact analysis, there was a 90.3 percent year-on-year passenger traffic decline in May
Airlines to lose $84 bn due to the pandemic: IATA
Revenue would likely fall to $419 bn from $838 bn last year
UK fintech investments increase 500% over last five years
The country has even beat the US which recorded investment growth of 170 percent, while Europe recorded a 133 percent increase
Dubai residential properties value sees a 11.5% drop in May
The weighted average residential capital value per sq ft in Dubai in May fell below the Dh900 mark for the first time since the early
Total is testing a cutting-edge shipping technology in Brazil
The company is testing a ship-to-ship offloading technology on Lapa field
JD.com to raise HK$31.4 bn by listing in Hong Kong
The ecommerce giant will be offering 133 mn shares at a maximum price of HK$236 each