Lending startup Akiba Digital raises $1.1 mn to expand its market presence
The funding round was led by Expert Dojo and Oui Capital
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OPEC+ to boost oil output by 400,000 barrels a day each month till Dec 21
The deal will also boost the oil output of regions like UAE, Iraq, and Kuwait from May 2022
Value of Dubai residential properties jumps in Q2 2021
The second quarter of 2021 saw the Valustrat Price Index grow by 3.8%
Thai Airways now operating in 13 different cities across the globe
The airline will be flying to the Philippines, Hong Kong, Japan, South Korea to name a few
Economic growth in East Asia and Pacific to be slower this year: World Bank
As the Covid-19 cases rise in different parts of the world, World Bank urged economies to relax excess vaccine
UAE Central Bank to launch its digital currency in five years
The launch is a part of UAE’s monetary 2023-2026 strategy plan to strengthen the economy
Cellulant introduces digital payments platform Tingg in Zambia
Tingg offers simplified payment tools and processes for a merchant to manage their payments for goods and services
Bytedance holds of IPO in Hong Kong over data privacy issues
The company has been weighing its options for an initial public offering of all or some of its businesses in the US or Hong Kong
Kenya-based mobile commerce firm Copia Global expands in Uganda
The expansion will help Ugandans have access to high-quality affordable products and plans to capture Uganda’s strong retail sector
CBDC can enhance cross-border payments efficiency
Hong Kong and Singapore leading in CBDC efforts, BIS mentioned that countries must work together and design CBDCs keeping its interoperability in mind