Experts appointed by Tanzania’s new president have declared COVID-19 vaccines to be effective and recommended joining the COVAX facility that shares the inoculations, in the latest sign suggesting official scepticism about the pandemic is waning.
Russian tech company Softline is planning its initial public offering (IPO) for as soon as this autumn, two financial market sources told Reuters, as Russian firms seek to raise cash for further expansion.
Japan’s biggest lender, Mitsubishi UFJ Financial Group (MUFG) (8306.T) said it will aim for net zero emissions in its finance portfolio by 2050, responding to pressure to align its business with the targets set in the Paris Agreement on climate change. The bank will also join the United Nations’ Net-Zero Banking Alliance and be the…
Egypt has a population of over 100 million people. The country has a high mobile and internet penetration necessary for a young and tech-savvy population with 61% below 30. But despite its youthful population, two out of every three individuals are currently unbanked in Egypt. It’s the same situation in MENA, where only 40% of…
Most major stock markets in the Gulf rose in early trade on Monday, driven by gains in the financial sector, although Qatar bucked the trend to trade lower.Saudi Arabia’s benchmark index (.TASI) gained 0.4%, with Al Rajhi Bank (1120.SE) rising 0.9% and Saudi Telecom Company (7010.SE) up 0.8%.The kingdom announced on Sunday that foreign visitors…
Iran has signed a $1.78 billion contract with Petropars Group to develop the country’s Farzad B gas field, Oil Ministry website SHANA said on Monday, after the failure of talks with Indian companies to develop the offshore site.Under the deal, the subsidiary of state-run National Iranian Oil Co (NIOC) will produce 1 billion cubic feet…
The dollar edged higher on Monday as new COVID-19 restrictions in Asia and mixed economic data in China encouraged investors to stick with safer currencies. The euro fell marginally while other major currencies remained in tight ranges in a quiet start to the week. Bitcoin skidded to a three-month low after Tesla Inc (TSLA.O) boss…
© Reuters. FILE PHOTO: A man counts notes after receiving the new Sudanese currency at a central bank branch in Khartoum July 24, 2011. REUTERS/ Mohamed Nureldin Abdallah/File Photo PARIS (Reuters) – Sudan hopes to entice investors and secure pledges to pay off its arrears to the International Monetary Fund at a conference in Paris…
© Reuters. FILE PHOTO: U.S. President Joe Biden leaves after speaking about the coronavirus disease (COVID-19) response and the vaccination program from the Rose Garden of the White House in Washington, U.S., May 13, 2021. REUTERS/Kevin Lamarque By Howard Schneider and Jarrett Renshaw WASHINGTON (Reuters) – High unemployment. Rising prices. Gas lines. They’re a bad…
After operating in the red for 14 years, JD.com’s logistics subsidiary is getting ready for an initial public offering in Hong Kong. JD Logistics will price its share between HK$39.36 and HK$43.36 apiece, which could see the firm raise up to about HK$26.4 billion or $3.4 billion, according to its new filing. JD.com, Alibaba’s e-commerce…
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