Abu Dhabi Insurtech startup Hala secures $5 mn from Mubadala to support its expansion plan
Hala will use the money to unveil new products and expand further in Middle East
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Indonesia’s BNPL giant Kredivo enters Vietnamese market
This is also Kredivo’s first foray into international market
Accounts court gives nod to conduct 5G auction in Brazil
Out of nine judges, eight voted in favour of the proposal and only one member to follow the recommendation of the court’s expert consultants
Oil prices to reach $75/barrel by end of 2021
Oil demand rose by 3.8 million barrels per day in June, which is three times more than usual
Matrix starts virtual trading platform in Abu Dhabi
The project is expected to drive blockchain and fintech innovation
Life Healthcare partners with Quro Medical to provide hybrid healthcare delivery to Africans
Life Healthcare is South Africa’s largest private hospital chain and a leading international healthcare organisation
Saudi Vision 2030 brings projects worth nearly $1tn
Almost $300 bn is allocated for new infrastructure
Top 10 UAE banks report positive growth during Q2 2021
Return of equity (RoE) reached the highest level of 10.9% for the first time since 2019
Alibaba’s logistics unit Cainiao launches China-South Korea freight route
Cainiao Network will run the service route between Shandong province in China and South Korea six times a week
Saudi Arabia’s Ministry of Health approves Sinovac and Sinopharm Covid-19 vaccine
People who have been vaccinated with Sinovac or Sinopharm will be accepted in Saudi Arabia