Dubai, United Arab Emirates, April 29, 2021: New World Group (NWG), with assets of over USD 2.5 Billion is mapping out its expansion into the GCC and wider region by establishing a strategic hub to complement its offices in London and Kuala Lumpur. NWG CEO and Co-Founder Adam Sadiq said:...
Air Transport Services Group, Inc. (NASDAQ:ATSG) announced the delivery by its Cargo Aircraft Management subsidiary of a Boeing 767-200 converted freighter to Astral Aviation of Kenya under a five-year lease. This is the first aircraft ATSG has leased to Astral, as well as the first Boeing 767 that Astral...
The dollar paused on Friday as concerns about a surge in coronavirus infections in the United States and elsewhere supported the safe haven Japanese yen, while risk-sensitive currencies lost ground. More than 60,000 new COVID-19 cases were reported across the United States on Thursday, the largest single-day tally by any...
Western Union, a cross-border, cross-currency money movement and payments, announced it has expanded real-time digital payout capabilities into 100 countries reaching billions of bank accounts.i For decades, Western Union already paid out in minutes into 550,000 agent locations in 200 countries and territories. The goal to expand real-time payout...
Streaming giant, Netflix has revealed plans to spend $17 billion on content this year, as revealed in its first-quarter earnings report. The news is contained in a recent Variety report and the company, speaking via its letter to shareholders, said: "As we have noted previously, the production delays from COVID-19...
Britain, France, Italy and Spain suggested a “phased approach” to global digital taxation talks in a joint letter to the U.S. treasury secretary last week, which they said could open the way for a deal this year. The four countries sent the letter to Secretary Steven Mnuchin after he called...
Countries in sub-Saharan Africa have been advised to not rush into re-opening their economies post-COVID-19 but to take their time and consider every step. The advice, given by the International Monetary Fund (IMF) in an outlook for the region on Monday, was based on the fact that the novel coronavirus...
Tokyo stocks were higher Tuesday morning, as investor sentiment was bolstered by the U.S. technology shares rising overnight sending the Nasdaq Composite Index to a record high. The 225-issue Nikkei Stock Average gained 184.57 points, or 0.82 per cent, from Monday to 22,621.84. The broader Topix index of all First Section...
A Midnight fire has destroyed goods worth millions and property at the popular Oba Market, near the King Square (Ring Road), Benin City, Edo StateQuick News Africa has learnt. The fire reportedly started at the early hours of Monday morning ‎when there was no electricity supply to the market. According to Assistant ‎Controller,...
United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2021, showing impressive double-digit growth across most of its major income lines. The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to deliver an...
Some Uber and Bolt e-cab drivers in Lagos on Saturday asked the e-hailing companies to immediately increase fares being charged by the operators, failing which they would go off the roads on Monday. The e-cab operators, under the aegis of Professional E-hailing Drivers and Private Owners Association (PEDPA), threatened to...
The House of Representatives has resolved to investigate alleged illicit trade on human organs between Nigeria and China. The resolution was sequel to a unanimous adoption of a motion by Rep. Rimamnde Kwewum (PDP-Taraba) and co-sponsored by Rep. Olajide Olatubosun (APC-Oyo), at plenary on Thursday. Moving the motion earlier, Kwewum said...
DUBAI, United Arab Emirates: March 30, 2021: Ethio Life and General Insurance S.C, (ELiG) a leading composite insurer in Ethiopia, providing innovative life and non-life insurance products in the country have signed up Beyontec Suite, a core insurance solution from Beyontec, to transform its operations to digital. Insurers in Ethiopia...
New Zealand police have frozen 140 million New Zealand dollars (90 million dollars) in funds thought to be linked to a crypto-currency firm whose owner has been accused of money laundering. Police Commissioner Andrew Coster said in a statement on Monday that “the money is linked to the Canton Business...
As world stock markets end a turbulent six months near record highs, investors appear to be betting heavily that economies will recover quickly from the coronavirus crisis, fuelled by zero interest rates and abundant monetary and fiscal stimulus. Despite the economic ravages of the pandemic, the total market capitalization of...
Minister of Information and Culture, Lai Mohammed, on Thursday said that unfair criticism of the Nigerian government by Nigerians caused Twitter to locate its headquarters in Ghana instead of Nigeria. Co-founder of the social networking service, Jack Dorsey, on Monday announced that Twitter had finally decided to set up an...
Kaduna State Government has completed the first phase of the ultra modern market being constructed at Kasuwan Magani in Kajuru Local Council in Kaduna State. Facilities in the market which include police post, clinic, banks, fire service station, warehouses and administration block have been completed. The Special Assistant to the Governor...