Oil Giant ADNOC sells a minimum 7.5% stake in Abu Dhabi IPO
This is the second public flotation of the Abu Dhabi owned oil company
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Four central banks test digital currency for cross-border transactions
The Central banks of Australia, Malaysia, Singapore and South Africa team up with regulators to develop prototypes of shared platforms
Egypt to launch a digital tax collection platform in September
The latest tax collection platform will collect and document taxes of all entities online
Alibaba’s logistics arm Cainiao to strengthen its logistics services in Singapore
In order to do so, Cainiao Network has partnered with Grocery Logistics of Singapore
ChainEx launches an automated instant trade-on deposit feature
The company will also allow traders and residents from other countries to access the ZAR market
UAE’s major lenders announce $4 bn profit during H1: Moody’s
Moody’s reported that four major bank’s combined net profit increased from last year, but returns on assets remain below pre-pandemic levels
Bank of England appoints former Goldman Sachs expert as chief economist
Huw Pill will become the chief economist of the Bank of England after working at Goldman Sachs till 2018
Sharjah Sustainable City becomes the first community to show smart energy storage solutions
SEE institute signed an MoU with German company Hager to test and deploy the latest technology
Brazil gets fiber training centre under Huawei Senai partnership
The project is expected to solve the labour crisis
Saudi Arabia to launch digital real estate platform in Q4 2021
The government plans on digitising $100 mn worth of real estate assets
