UN forecasts global economy to grow by 5.4% in 2021
UN raised a warning that the increasing Covid cases and the scarcity of the vaccines threaten overall recovery
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Dubai non-oil private sector inches closer to pre-Covid-19 growth levels
It is a sign that the nation’s economy is closing in on the growth trajectory from pre-pandemic time
Goldman Sachs backs Cain International’s inaugural real estate fund
Helped raise €324 mn for its inaugural European real estate fund
Linklaters advises Chile on the SEC-registered bond offering
The deal includes two series bonds of $300 mn 2.450 percent notes due 2031 and $1.7 bn 3.100% notes due 2041
China economy improves: yuan hits three-year high
The currency rose 0.3% to 6.4114, a dollar
Congo port concession terms amended: DP World
This will help to develop the trade and logistic sector of the nation
Amazon brings digital payment to its ME customers in partnership with Zurich
This partnership with Zurich will help customers pay their insurance premiums digitally without incurring conversion fees
Dutch government to spend $2.4 bn on carbon storage project
The consortium includes the oil majors Royal Dutch Shell and ExxonMobil
Globe Telecom’s 5G coverage to span across Nordics and Asia
It aims to achieve #1stWorldNetwork of 5G coverage across the globe
Flextock raises $3.25 mn, largest pre-seed funding in MENA
The investors in the round include Egyptian VC Foundation Ventures, Y Combinator, MSA Capital and CRE Ventures