UK motor insurance premiums to drop 6% in 2021 and 2022 due to Covid-19: EY
The loss will eventually save $38 per policy for insurance holders
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Scalable Capital raises $180 mn to fuel its growth and expansion plans
The funding round was led by Chinese tech company Tencent
Aafaq partners with TSLC to boost financial inclusion
The alliance is planning to set up an AI-powered financial wellness platform in the MENA region
China‘s factory inflation reaches the highest level since 2008
Increased inflation rates will also boost pressure on the global economy
Philips and du signs partnership to improve healthcare in UAE
The collaboration will accelerate the critical, data-driven transformation of healthcare in the region
ICTSI Rio and IRB Logistica to contribute to Brazil’s economic growth
The support services will be through eco-friendly rail operations from the firms
World Bank upgrades Nigeria’s economic growth to 1.8%
Potential high oil prices, structural oil sector reforms and market-based flexible exchange rate management as the reasons for upgrades
Cosco to acquire a minority stake in Port of Hamburg
HHLA Container Terminal Tollerort (CTT) is a wholly-owned subsidiary of Hamburger Hafen und Logistik (HHLA)
China aims for most advanced blockchain technology by 2025
It plans to meld the technology into critical industries and related fields through large-scale applications
Abu Dhabi Terminals to partner with Microsoft
The partnership will enable enhanced container tracking and autonomous shuttle capabilities