GCC countries predict inflation at 2.1% in 2021
The primary reason behind inflation is due to the higher cost of raw materials
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Freight trains in two ports via Xinjiang hit record levels in 2021
Those two ports have handled a total of 11,500 inbound and outbound China-Europe freight trains
JP Morgan is on a hiring spree for its UK digital bank
Since its launch in September, Chase has handled hundreds of millions of pounds and more than a million transactions
Saudi Arabia announces Riyadh is campaigning to host Expo 2030
Saudi Arabia and Russia are among five nations to unveil ambitious plans for the global event
ARA Assets to sell Singapore office building leased by Alibaba
The UK property group Chelsfield and ARA Assets are listing the building for $580 mn
Airspan, Padtec and Tropico sign MoU for Brazil’s 5G solutions
Through this MoU, the companies will produce a high-level technical and economic viability study and a proposed immediate 5G solution to the market
Indonesian fintech firm Flip raises $48mn to accelerate its business expansion
The funding round was led by Sequoia Capital India, Insight Partners, and Insignia Ventures Partners
JP Morgan and Nuveen acquire One George Street for SG$1.28bn
The 23 storeyed building was sold by the Singapore-listed CapitaLand Integrated Commercial Trust and Hong Kong insurer FWD Group
LATAM Brazil posts 95% recovery in capacity
In December, the company announced LATAM is working 583 day by day home flights in 49 Brazilian airports
Dubai reduces carbon emissions by 33% in 2020: DSCE
The Emirate plans to become a carbon-neutral economy by 2050