China-based fintech Tencent acquires 5% stake in Afterpay
Afterpay’s stock soared more than 35 percent as a result of the acquisition
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Equity Bank waives mobile banking transaction fees up to June 30
The bank's measures are aligned with the Central Bank of Kenya
DEWA signs 25-year agreement for 5th phase of Dubai solar park
The agreement is in line with Dubai’s plan to achieve the Dubai Clean Energy Strategy 2050
Oil prices might take a massive hit; drop to zero before rebound in 2021
Brent prices are expected to range anywhere between $50 and $75 per barrel
Oman’s flagship petrochemical project nears completion
Recently, Oman Oil & Orpic Group announced the completion of a key component of the $6.7 bn project
Global aviation industry faces cargo capacity shortage: IATA
IATA notes that there is a sharp fall in cargo capacity pointing to volumes down 15 percent and capacity down by more than a fifth
MTN Nigeria expands 4G coverage, gains market share
MTN Nigeria added 4.2-million subscribers during Q1 2020
IDB Invest, Mexican Business Council to offer SMB loans up to $12 bn annually
Both companies have urged local commercial banks, international investors and development banks to participate in the plan to support businesses in Mexico
Egypt to invest $114 mn to upgrade electricity network in 2021
The investment is for the Sinai and Suez Canal regions and Sharqeya governorate
Qatar Petroleum reserves LNG ship construction capacity in China
Qatar will utilise it for its future LNG carrier fleet requirements