South African insurtech startup, CTRL receives $2.3 mn from Naspers Foundry
The insurtech company is aiming to provide insurance advice of a real-life broker through an app
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PayU and CELO partners up to bring stablecoin payments to merchants
They will launch a new stablecoin option for PayU’s 450,000 merchant customers using cUSD
Safaricom appoints new chief enterprise business officer
Kris Senanu, who previously served at Telkom Kenya, has been appointed by Safaricom
Abu Dhabi property price rises 2.1% in Q2 during Covid-19 rebound
Consultants from ValuStrat price index mentioned that the growth has been consecutively rising since the last three months
World Bank Group deploys $157 bn to fight
Covid-19 pandemic
The world economy is expected to grow by 5.6% in 2021
NEOM aims to be the world’s most competitive free zone
The project will use around 30 gigawatts of installed capacity by the end of the decade
Saudia signs agreement with GE Digital for digital transformation
The contract extends the partnership between Saudi Arabian Airlines and GE to create better operational efficiencies and cost optimisation
Global Sukuk issuance reaches $100 bn during H1 2021
Sukuk market saw a strong start to the year and crossed the $50 bn mark for the first time during Q2
Lending startup Akiba Digital raises $1.1 mn to expand its market presence
The funding round was led by Expert Dojo and Oui Capital
OPEC+ to boost oil output by 400,000 barrels a day each month till Dec 21
The deal will also boost the oil output of regions like UAE, Iraq, and Kuwait from May 2022