ADIO pumps in $16 billion into futuristic Abu Dhabi tech startups
The Abu Dhabi startups are sponsored by ADIO’s Ventures Fund, a project of the Abu Dhabi Government’s Ghadan 21 accelerator scheme.
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Etisalat is MEA’s most valuable consumer brand for third straight year
With an increased brand value of $8.5 billion, Etisalat has its presence in 16 countries with 148 million consumers across Asia, Middle East and Africa.
UK’s HMRC all set to crack the whip on crypto tax evaders
The UK tax watchdog’s latest revised tax policies on crypto-related activities state that most crypto asset operations fall under the ambit of "taxable economic activity”.
Temasek, EQT join hands to launch renewable energy platform in India
The duo will pump in $500 million into the platform, seeking over 4GW of installed capacity from solar and wind initiatives.
Grab, AirAsia, Razer among firms eyeing Malaysia’s digital bank licence
Malaysia favours applicants whose equity is managed by indigenous firms.
Airbus to set up second production unit for A321 jets in France, Germany
The jets will be manufactured at Airbus’s headquarters in Toulouse, southern France and in Hamburg, Germany from 2022.
Petrobras loses $2 bn tax dispute, set to take judicial steps
The company revealed it will refrain from making changes to its books
Flutterwave raises $35 mn in Series B; partners with WorldPlay, Visa
The current funding brings its total investment to date to $55 million
Singapore’s Tonik gets nod to open digital bank in Philippines
With a $140 billion retail deposit market, digital banks in Philippines have the scope for providing $100 billion signature loans to consumers.
Barclays to slash 100 senior jobs in corporate and investment business
Barclays decision to slash jobs and save costs will mainly affect its managing director and director positions