Kenya signs deal with Ethiopian Airlines to operate cargo flights
Ethiopian Airlines will fly cargos using six of its passenger planes from Mombasa to Nairobi, Asia and Europe
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UAE urges banks to extend support to private sector
Previously, the central bank provided over Dh 61 billion in the form of lowered cash reserve requirement to support businesses and individuals
LaSalle raises $681 mn for China-focused logistics fund
The fund, which was launched in 2019, secured $359 mn in initial commitment
UK-based healthtech SilverCloud raises $16 million in funding
MemorialCare Innovation Fund led the funding round
South Africa plans to launch funding for lending scheme
The National Treasury is exploring all possibilities to launch the scheme to help banks cope with Covid-19
Aerodyne makes strategic investment in MidEast drone company
Aerodyne Group invested in FEDS Group, the largest drone solutions provider in the Middle East
DHA provides medicine home delivery service across the UAE
Its medicine home delivery service Dawa’ee is rolled out across the UAE to help citizens cope with the Covid-19 pandemic
OPEC and partners mulls cutting production for the next three months
They might decide to cut oil output by about 4.3 million bpd
Singapore-based VC Antler to commit $500k for startups tackling Covid-19
The VC firm is expected to invest in five different startups
China’s Three Gorges begins construction of 25 renewable power plants
The total investment of those projects is estimated to be $11.73 bn