Egypt receives $7.3 bn development funds amid pandemic
The government has also passed fresh law for SMEs to incentivise and attract informal activity into the formal sector
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Payments company VNPay becomes second startup unicorn in Vietnam
VNPay invested $1.7 billion in the Southeast Asian fintech segment in 2019
Kingswood appoints David Lawrence as UK CEO
Mr David Lawrence became the COO and commercial director in 2014 for Lloyds’ private banking and wealth businesses
Global energy efficiency progress slowing down amid pandemic
The reports state that energy intensity is expected to improve by only 0.8 percent this year due to a slump in energy prices
Brazil’s Q3 GDP strengthens due to surge in economic activity
The 7.7 percent GDP surge is lower than the 9 percent median forecast made by a Reuters poll of economists
Huawei’s optoelectronic chip project is ready, says reports
The Huawei light fab project is part of the company’s largest research and development centre in central China
Saudi’s PIF seeks fresh loans from international banks
PIF acquired 2.04 percent in India’s largest retailer Reliance Retail Ventures
Nigeria rolls out special bills to boost financial market
The instrument is not applicable for repurchase agreement transactions related to the central bank
Global oil prices surge ahead of OPEC’s crucial meeting
OPEC has imposed production cuts of 7.7 million bpd this year
Qantas Airways expects full year revenue hit due to pandemic
The company plans to float A$600 million in cost benefits for the current fiscal year