UAE-based FinTech firm TPAY Mobile is acquiring 100 percent stake in Turkey’s mobile payment platform Payguru, it has been announced. The acquisition is expected to strengthen the payment enabler’s …
Ethiopia, Pakistan among latest countries to get Paris Club debt relief
The Paris Club of creditor nations have agreed to suspend debt service payments from Chad, Ethiopia, Pakistan and Republic of Congo as part of a G20 debt relief deal, the group said. PARIS, June 10 …
Hong Kong-Macau tycoon Stanley Ho’s family rift deepens as daughter Angela distances herself from sister Deborah over legal action
Angela Ho issues statement hitting out at younger sister for registering interest in their father’s estate, calling action ‘irresponsible and inappropriate’.
Breakingviews – Citi uncomfortably straddles Hong Kong-China fence
Citigroup has a busy time ahead staying out of Chinese politics. Chief Executive Mike Corbat has so far avoided taking sides on Beijing’s controversial security law targeting sedition, terrorism, and …
Atradius: UAE firms fear spike in payment defaults as pandemic chokes business
Corporations in the United Arab Emirates expect increased delays in payments from customers, a growing risk of default and an overall weakening in business performance as the country copes with the …
Expats Are Leaving Dubai, and That’s Bad for the Economy
Oxford Economics estimates the United Arab Emirates, of which Dubai is a part, could lose 900,000 jobs — eye-watering for a country of 9.6 million — and see 10% of its residents uproot. Newspapers …
Starting A Business During A Downturn: The Stories Behind Two Dubai Ventures That Launched Amid The COVID-19 Crisis
“I think that the importance of having an online presence has proven key in this environment. That decision could make or break a business right now, especially with the restrictions seen around the …
FAO: Azerbaijan to achieve significant results within agri-food project
BAKU, Azerbaijan, June 9 By Fidan Babayeva – Trend: Azerbaijan will achieve significant results in 2020 by implementing the project Development of sustainable and inclusive local agri-food systems in …
Michael Jordan’s boat nabs 442-pound marlin
He is a Hall of Fame basketball player, gave baseball a try and now apparently came out on top against a marlin weighing 442 pounds. Michael Jordan and the crew of his 80-foot fishing boat named …
The Latest: Malaysia reopens after 3-month lockdown
India reported a new rise of nearly 10,000 coronavirus infections Wednesday, with a total caseload of 276,583, the fifth highest in the world. The Health Ministry confirmed 9,985 new cases and 274 …