Oil & GasAdnoc searches for potential opportunities in India’s lubricant marketPritam BordoloiAugust 17, 2020August 17, 2020 by Pritam BordoloiAugust 17, 2020August 17, 2020 The oil giant is planning to increase its footprint in the global market... Read more
BankingRAKBANK to close 25% of its branches across UAEPritam BordoloiAugust 5, 2020August 6, 2020 by Pritam BordoloiAugust 5, 2020August 6, 2020 The bank will close a total of 9 branches... Read more
BankingFeaturedAbu Dhabi Commercial Bank to let go 400 employeesPritam BordoloiJuly 28, 2020 by Pritam BordoloiJuly 28, 2020 The bank decides to cut costs amid lower oil prices and the Covid-19 crisis... Read more
FeaturedReal EstateSales volume in Abu Dhabi real estate market to pick up in H2Pritam BordoloiJuly 24, 2020 by Pritam BordoloiJuly 24, 2020 Developers are expected to offer lucrative incentives to potential buyers... Read more
EnergyFeaturedAdnoc and ADQ form joint venture to invest in chemical projectsPritam BordoloiJuly 22, 2020July 22, 2020 by Pritam BordoloiJuly 22, 2020July 22, 2020 Adnoc will hold a 60% equity stake in the venture, while ADQ will have the remaining 40%... Read more
AviationFeaturedWizz Air Abu Dhabi to fly six new routes from October 2020Pritam BordoloiJuly 13, 2020July 13, 2020 by Pritam BordoloiJuly 13, 2020July 13, 2020 The carrier will fly two new Airbus A321neo aircraft... Read more
FeaturedIslamic BankingAbu Dhabi Islamic Bank raises foreign ownership to 40%Pritam BordoloiJuly 8, 2020 by Pritam BordoloiJuly 8, 2020 Earlier, the foreign ownership limit at ADIB was set at 25%... Read more
AviationFeaturedEtihad Airways seeks to achieve 45% of its pre-covid capacityInternational Finance Business DeskJuly 7, 2020July 7, 2020 by International Finance Business DeskJuly 7, 2020July 7, 2020 The carrier announced that it will build back its network covering destinations where the lockdowns have been lifted... Read more
FeaturedTelecomSaudi Arabia’s Public Investment Fund to invest $1.5 bn in Jio PlatformsPritam BordoloiJune 19, 2020 by Pritam BordoloiJune 19, 2020 PIF will acquire a 2.32% stake in Jio... Read more
FeaturedTelecomMubadala Investment to buy 1.85% stake in Reliance Jio for $1.21 bnPritam BordoloiJune 5, 2020June 5, 2020 by Pritam BordoloiJune 5, 2020June 5, 2020 So far, Reliance has sold a combined 19% interest in Jio... Read more