HSBC to fund $558 mn for UAE’s Etihad Railway project
The funds will go to the UAE’s National Projects and Construction (NPC) and China Railway Construction Corporation (CRCC)
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African airlines expected to lose $8.103 bn in revenue this year
Based on the Covid-19 impact analysis, there was a 90.3 percent year-on-year passenger traffic decline in May
Airlines to lose $84 bn due to the pandemic: IATA
Revenue would likely fall to $419 bn from $838 bn last year
UK fintech investments increase 500% over last five years
The country has even beat the US which recorded investment growth of 170 percent, while Europe recorded a 133 percent increase
Dubai residential properties value sees a 11.5% drop in May
The weighted average residential capital value per sq ft in Dubai in May fell below the Dh900 mark for the first time since the early
Total is testing a cutting-edge shipping technology in Brazil
The company is testing a ship-to-ship offloading technology on Lapa field
JD.com to raise HK$31.4 bn by listing in Hong Kong
The ecommerce giant will be offering 133 mn shares at a maximum price of HK$236 each
Seoul-Beijing based Bespin Global secures $75 mn funding
The funding round was led by South Korean SK Telecom
BNP Paribas, CIC, and Eurazeo launches $446 mn Cooperation Fund
The fund will invest in European companies looking to expand in China
Nigeria startup Sparkle receives digital banking licence
The startup is also collaborating with Visa, Microsoft and PwC Nigeria to gain industry expertise