Japan’s Economy Nosedives into Recession Amid Covid-19
Japan’s economy grapples with a corona-virus induced shock as the nation with the world’s third largest economy shrinks with an annualized 3.4% in the...
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Egyptian Suez Canal Bank withdraws from MIDOR, sells stake at $30.6mn
Egypt’s Suez Canal Bank has come to a decision to sell its full stake in Middle East Oil Refinery (MIDOR) to...
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Saudi’s Finance Ministry issues $1.53bn in Sukuk
Saudi Arabia’s Ministry of Finance has raised 5.755 billion riyals ($1.53 billion) in sukuk, as part of the monthly program on Thursday. Under...
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Intel Capital makes investment of $132mn in tech startups
As a part of a major investment amid Covid-19, Intel Capital announces of investing $132mn in 11 technology startups in...
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German insurer Allianz announces €2.3bn in first quarter
Global financial markets are feeling the pain from the Covid-19 pandemic crisis with further warning that the results are likely...
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Axiata group completed $800 million Islamic Financing
In a statement on Monday, Malaysia’s Axiata’s Group Bhd AXIA.KL declared of having secured a sum total of $800mn multi-currency Shariah-compliant Islamic...
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