ADIB records first quarter loss of Dh 587.6 million
The bank recorded a net revenue of DH 2.56 billion in the first quarter
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MAS invests SGD 250 mn over next three years to boost economy
The original FTSI scheme was started in 2015 when the MAS injected $225 million for five years
Liberty Global to acquire Sunrise Communications for 6.8bn francs
With the new acquisition, the company’s revenue will be worth 3.17 billion Swiss francs
Sabic, Iberdrola partner to establish power chemical plant in Spain
Under the terms of the agreement, Iberdrola will inject $82.13 million to establish a 100MW solar PV facility
Indonesia’s Bank Mandiri to provide capital assistance to entrepreneurs
The Indonesian government has announced a stimulus package worth $8.35 billion for MSMEs
TrueMoney, Thunes partner to launch global remittance services
The partnership seeks to increase financial inclusion in Southeast Asia
Equity Bank acquires 66.53% stake in Banque commerciale du Congo
With the acquisition, Equity Bank will have two subsidiaries in Congo
NatWest slashes jobs as economic crisis deepens
This development also includes scrapping of three top level executives
Chinese stock market receives $251.8 bn capital from mutual fund investors
Investors have sold about 1.75 trillion shares in 862 newly launched mutual funds
China establishes oil deal with ADNOC
The deal is expected to be approved by Abu Dhabi’s Supreme Petroleum Council