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Business 24 Feb 2021 | 7:00 AM

Saudi wealth fund targets startups

LONDON: Saudi Arabia’s sovereign wealth fund is backing a Middle East venture-capital fund run by Hambro Perks Ltd, joining the trend for state investors in the region to put money into early-stage companies.

Business 23 Feb 2021 | 7:00 AM

Beijing’s new rules up control over lending risk

BEIJING: China unveiled detailed requirements and quantitative indicators to further tighten control over risks in relation to commercial banks’ online lending business facilitated by their partners, the country’s top banking and insurance regulator has announced.

Business 22 Feb 2021 | 7:00 AM

China’s economic vitality during the holiday

BEIJING: China’s economy continued to gather steam during the Spring Festival period despite millions of people staying put for the week-long holiday which started on Feb 11, which usually sees mass migration across the country.

Business 22 Feb 2021 | 7:00 AM

China sees booming mobile Internet traffic on spring holidays

BEIJING: China’s mobile data consumption saw remarkable growth during the country’s seven-day Spring Festival holiday, official data showed