Cathay Pacific to Receive $5 Billion Rescue Package from Hong Kong Government
Hong Kong’s flagship carrier Cathay Pacific Airways Ltd., announced on Tuesday a recapitalization plan worth HK$39 billion ($5 billion) led...
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Singapore Central Bank Clears Air Around Foreign Currency Deposits
The Monetary Authority of Singapore (MAS) reported of strong financial growth in foreign currency deposits on Sunday, dismissing the media...
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Visa and Emirates NBD Extend Partnership in a Five-Year Deal
In an announcement on Monday, digital payment facilitator Visa and UAE’s Emirates NBD extend their partnership in a 5-year agreement. The...
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Saudi Central Bank Funds $13.3 Billion to Support Bank Liquidity
In the wake of coronavirus pandemic, Saudi Central Bank said on Monday to be providing $13.3 billion (50 billion riyals)...
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Oceaneering Granted 3-Year Asset Integrity Contract in Middle East
Oceaneering International, a sub-sea engineering and applied technology company based in Houston, Texas, was granted the asset integrity contract from...
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Insurance Platform Trov Teams up with LATAM’s Sura to Bring On-Demand Insurance to Brazil
In an announcement today, world’s leading insurance technology platform Trov declared to partner with Seguros Sura Brazil to bring on demand insurance applications...
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Chinese Game Company Tencent Raises $6bn in Debt
In the latest big-ticket dollar sale in Asia, the Chinese technology company Tencent Holdings Ltd. has raised $6b in debt;...
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Juwai IQI Expands Portal to Juwai.asia, Focuses on Asian Customers
In an announcement made earlier this week, Juwai IQI stated about the launch of juwai.asia which will be world’s first portal...
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Uber to Move Asia Headquarters to Hong Kong in Covid-19 Crux
Steering the ride through Covid-19 crisis, Uber Technologies revealed a deal on Tuesday where they plan on moving their Asia-Pacific headquarters...
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LATAM Airlines Seeks Chapter 11 Bankruptcy Protection, Amid Corona-hit Downturn
As most of the borders remain closed to contain the novel coronavirus, Latin America’s largest air carrier, LATAM Airlines Group...
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