Turkey and UAE Central banks sign currency swap agreement of $5 bn
The deal plans to promote bilateral trade and financial cooperation
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Aldar unveils $490 mn sustainable city project in Abu Dhabi
The construction of the 864-unit development will begin the fourth quarter
Dubai’s Emirates suspends some flights to the US over 5G concerns
Emirates will switch to the larger aircraft for Los Angeles and New York but keep flying the 777 to Washington
Ugandan fintech startup Asaak raises $30 million to offer motor financing
The funding round was led by new and existing investors like Resolute Ventures and Social Capital
Ghanian fintech Float raises $17 mn to power cash flow in Africa
The financing will be used to improve the cash management platform and new business products
Amazon reverses its decision to ban Visa credit cards
A deal is being made between the two but the future is uncertain
Real estate prices in Kuwait saw a decent increase in 2021
Some residential districts, inhabited by the citizens, witnessed a rise of more than 35% in rates of plots
Egypt completes $3bn loans of green and Islamic financing
The loans were provided by Emirates NBD and First Abu Dhabi Bank
MasterCard appoints a new independent director
The firm announced that they have appointed Harit Talwar and his term is effective from April1, 2022
Shield raises $15mn for AI-driven communications compliance platform
The funding round has been led by Macquarie Capital and OurCrowd