EconomyTop StoriesTransport and Logistics to contribute 10% of Saudi GDP by 2030GBO CorrespondentJuly 8, 2021 GBO CorrespondentJuly 8, 202102667 Crown Prince Mohammed bin Salman launched a brand new transport and logistics programme last week
CurrencyTop StoriesVisa reports over $1bn in crypto spending in H1 2021GBO CorrespondentJuly 8, 2021 GBO CorrespondentJuly 8, 202101479 Currently, the company is partnered with Coinbase, Circle and BlockFi to allow its cards to access crypto wallets on those platforms
AviationTop StoriesLATAM Airlines’ bankruptcy period extended till mid-SeptemberGBO CorrespondentJuly 7, 2021 GBO CorrespondentJuly 7, 202101298 The South American Airlines had the deadline of presenting its restructuring plan by the end of June
TechnologyTop StoriesDidi co-founders lose $1.5 bn as global shares plungeGBO CorrespondentJuly 7, 2021 GBO CorrespondentJuly 7, 202101797 Cheng Wei and Jean Liu lost the massive amount in just two days after Beijing’s crackdown on the company
FeaturedLogisticsDroppa partners with Elite Truck hire to expand service offeringsGBO CorrespondentJuly 6, 2021 GBO CorrespondentJuly 6, 202101257 The partnership comes as a result of increasing national demand
FinanceTop StoriesGreen finance in the MENA region stands at $6.4 bn in H1 2021GBO CorrespondentJuly 6, 2021 GBO CorrespondentJuly 6, 202101435 It has already exceeded the total debt issuance from last year
FintechTop StoriesNigerian neobank FairMoney raises $42 mn to add new products like savings, stock trading, and cryptoGBO CorrespondentJuly 6, 2021 GBO CorrespondentJuly 6, 202101268 The bank aims to provide underbanked people access to digital financial services
Oil and GasTop StoriesKuwait cancels the $2 bn Jurassic gas projectGBO CorrespondentJuly 5, 2021 GBO CorrespondentJuly 5, 202101776 The move is being made to cut down on the capital expenditure of the hydrocarbon industry and Covid-19 related policy
AviationFeaturedEmirates Airlines expected to return to full capacity by mid-2022GBO CorrespondentJuly 5, 2021 GBO CorrespondentJuly 5, 202102409 Airlines head Tim Clark also mentioned that once the pandemic is over, there will be a massive influx of people wanting to travel
TelecomTop StoriesAfrica Coast to Europe begins internet cable operations in South AfricaGBO CorrespondentJuly 2, 2021 GBO CorrespondentJuly 2, 202101363 The cable interconnects at three data centres of Teraco across South Africa and expands access to broadband connectivity and digital services in the continent.