BankingEmirates NBD in talks to acquire Blom Bank EgyptPritam BordoloiAugust 13, 2020 by Pritam BordoloiAugust 13, 2020 Emirates NBD confirmed about preliminary talks between both parties through a bourse filing... 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
Real EstateUAE-based developer Azizi to construct 11,000 homes in DubaiPritam BordoloiAugust 4, 2020August 5, 2020 by Pritam BordoloiAugust 4, 2020August 5, 2020 They will invest $952 mn over the next 2-3 years... Read more
FeaturedPorts and ShippingDP World to acquire 60% stake in South Korea-based Unico LogisticsPritam BordoloiJuly 30, 2020 by Pritam BordoloiJuly 30, 2020 The deal is expected to be completed in the fourth quarter of 2020... Read more
FeaturedLogisticsDP World to open its first logistics centre in EcuadorPritam BordoloiJuly 22, 2020 by Pritam BordoloiJuly 22, 2020 The centre is located in the district of Duran and is 90% complete... Read more
FeaturedPorts and ShippingDP World in advance talk to acquire India’s Shreyas ShippingPritam BordoloiJuly 17, 2020 by Pritam BordoloiJuly 17, 2020 Shreyas Shipping is the Indian flagged vessel owning unit of Transworld Group... Read more
FeaturedReal EstateDubai’s real estate transaction in June signals a V-shaped recoveryPritam BordoloiJuly 10, 2020July 10, 2020 by Pritam BordoloiJuly 10, 2020July 10, 2020 Real estate sale transactions in Dubai jumped by 60% m-n-m in June... Read more
FeaturedPorts and ShippingDP World integrates Unifeeder and Feedertech to improve supply chainPritam BordoloiJuly 2, 2020 by Pritam BordoloiJuly 2, 2020 It will further strengthen the capabilities of DP Word’s main ports in Dubai’s Jebel Ali, and ports in India, Africa and Europe... Read more
EconomyFeaturedDubai’s GDP declines 3.5% in first quarter year-on-yearPritam BordoloiJuly 1, 2020 by Pritam BordoloiJuly 1, 2020 Real estate activity registered a growth of 3.7% in Q1 2020... Read more
FeaturedPorts and ShippingDP World to launch new shipping line in partnership with MarwaniPritam BordoloiJune 26, 2020 by Pritam BordoloiJune 26, 2020 The shipping line will connect the Port of Jebel Ali in Dubai with Egypt’s Port of Sokhna... Read more