AviationTop StoriesSingapore Airlines to scale up its flight operations to and from AustraliaGBO CorrespondentOctober 18, 2021 GBO CorrespondentOctober 18, 202101519 The airline also announced it will bring back A380s
FinanceTop StoriesSaudi Fransi Leasing paves innovative leasing services in Saudi ArabiaGBO CorrespondentOctober 15, 2021 GBO CorrespondentOctober 15, 202102697 The increased use of technology and internet has helped the Saudi car rental industry grow and is projected to reach $2490 mn by 2026
EconomyTop StoriesDubai’s property market undervalued, UBS report saysGBO CorrespondentOctober 15, 2021 GBO CorrespondentOctober 15, 202101955 Increased oil prices and the economic rebound has supported the country’s recovery
InsuranceTop StoriesInsurTech startup Surer raises $1 mn funding to invest in its tech teamGBO CorrespondentOctober 15, 2021 GBO CorrespondentOctober 15, 202101659 The funding round is provided by Kisfetos
LogisticsTop StoriesESR-Reit and ARA Logos mulls merger with a $1.4 bn dealGBO CorrespondentOctober 15, 2021 GBO CorrespondentOctober 15, 202101730 Through this merger, ESR Reit will acquire all of ARA Logo’s unit
AviationTop StoriesAerolineas Argentina resumes international operations after more than a yearGBO CorrespondentOctober 14, 2021 GBO CorrespondentOctober 14, 202101896 In November, the carrier will add frequencies to ten international destinations
FintechTop StoriesEricsson ties up with Mobily to provide financial services in Saudi ArabiaGBO CorrespondentOctober 14, 2021 GBO CorrespondentOctober 14, 202101743 The Swedish company aims to increase Saudi Arabia’s cashless payments to 70% by 2030
Ports and ShippingTop StoriesMaersk diverts big ships from the UK ports as Felixstowe fills upGBO CorrespondentOctober 13, 2021October 13, 2021 GBO CorrespondentOctober 13, 2021October 13, 202102175 The company is already rerouting its ships away from Felixstowe which handles 36 percent of the container freight
EconomyTop StoriesIMF cuts down China’s economic growth to 8% in 2021GBO CorrespondentOctober 13, 2021 GBO CorrespondentOctober 13, 202101360 Analysts warned that China is facing a painful fallout from real estate weakness that led to this In its latest World Economic Outlook report, IMF
Oil and GasTop StoriesDemand for natural gas in Arab countries is growing at 4.8% annuallyGBO CorrespondentOctober 12, 2021October 12, 2021 GBO CorrespondentOctober 12, 2021October 12, 202101451 The demand for natural gas in the wider Arab region is currently at its peak