Oil prices drop by 3% since October over supply release expectations
Brent crude stands at $78.32 per barrel
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Standard Chartered launches $100 mn Islamic finance program
This initiative is aimed at helping halal businesses in Asia, Middle East and Africa
Dubai Air Show 2021 sees 5 deals worth $78 bn
The current value crossed the value of per-pandemic deals, which stood at $27.24 bn
UAE and Russia ink agreement to partner on hydrogen development
Both countries agree to collaborate in manufacturing of hydrogen equipment production, liquefaction and use of raw hydrogen
Amazon to stop accepting Visa credit card in the UK
Visa is trying to resolve the matter so customers can keep using their cards after the January 19 deadline
Brazilian broker XP acquires minority stake in Vista Capital
Vista Capital has BR4.5 mn under asset management in hedge and equity fund
OPEC+ to stay cautious as oil market surplus comes in December
OPEC+ is gradually unwinding record production costs observed in 2020 by raising output by 400,000 barrels per month from December
Binance and Ripple call for global crypto regulation
Binance has also launched global regulatory frameworks for crypto markets
HSBC announces the appointment of APAC co-heads for their commercial banking business
Amanda Murphy and Frank Fang will jointly lead the Asia-Pacific Commercial banking business
GFH Financial Group acquires 60% stake in UAE-based MSH
GFH spent more than $100 mn to buy the stakes of the UAE-based multi-speciality healthcare partner holding