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23-Jul-19 China’s largest ride-hailing company Didi, has formed an agreement with Symphony Investment. The two companies will set up a joint venture headquartered in Abu Dhabi, to promote the sharing economy and internet consumer services in the UAE and nearby countries. [image: KrAsia]
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01-Jun-19 A new e-commerce law passed by the Saudi Cabinet is set to accelerate the kingdom’s online retail market. "The clarification of requirements for overseas companies selling into the Kingdom is especially welcomed," said Muhammad Anam Saleem at law firm Eversheds. [image: Reuters / Faisal Al Nasser]
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05-Jul-19 The global remittance market, a target for Facebook's new currency, Libra, is stuck in the last century, but can it really improve the lives of the global poor? For the Arab Gulf region, this is a key question. [image: Reuters]
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Jul-19 Stalled growth in emerging market economies is projected to pick up from a four-year low of 4.0 percent in 2019 to 4.6 percent in 2020-21, reflecting the waning impact of financial pressures in some large markets. Growth in all emerging regions has been weaker than expected but activity in East and South Asia remains buoyant. Other regions are expected to recover in 2020-21. Growth in both Latam and MENA is expected to be a subdued 1.7% in 2019, but MENA countries show more promise thanks to oil exports, policy reforms and tourism. [image: World Bank]
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25-Jun-19 A report from S&P estimates Islamic finance will show only 5 percent growth in 2019-2020, owing to tepid conditions in certain core markets. In the GCC, "Fintech could stimulate growth by making transactions quicker, more secure, and easier to implement." [image: Zawya / Getty Images]
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