Abu Dhabi / WAM GCC-based venture capital firm VentureSouq (VSQ) announced the launch of its Mena fintech fund, the region’s first sector specific fund focused on FinTech across the Middle East & North Africa (Mena) region and Pakistan. The $50 million VentureSouq fund invests in early-stage fintech and SaaS companies and focuses on key subsectors including payments infrastructure, alternative credit, …

Bloomberg The cost of pollution in the European Union (EU) rose to new highs after a report by the bloc’s market watchdog dismissed concerns by some governments over abuse and the role of speculative investors in emissions trading. Benchmark carbon permits rose as much as 1% percent to a record 69.77 euros a ton on ICE Endex, extending gains to …

Bloomberg Frustration is mounting for customers waiting to take new Boeing Co 787 Dreamliners — planes caught in a regulatory and production quagmire that has halted all but a few deliveries since October 2020. The popular wide-body jets will be needed to carry travellers across oceans as borders sealed shut by the Covid-19 pandemic start to reopen. But airlines and …