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
FeaturedPorts and ShippingDP World acquires 51% stake in TIS Container Terminal in UkrainePritam BordoloiJune 17, 2020 by Pritam BordoloiJune 17, 2020 The acquisition marks DP World’s second major partnership with TIS shareholders, the first being with P&O Maritime Ukraine... Read more
BankingFeaturedBank of America acquires 1.51% stake in Emirates NBDPritam BordoloiJune 10, 2020 by Pritam BordoloiJune 10, 2020 The deal is expected to cost around Dh900 mn... Read more
FeaturedFintechDIFC invests in four startups as part of $100 million fintech fundInternational Finance Business DeskJune 8, 2020June 8, 2020 by International Finance Business DeskJune 8, 2020June 8, 2020 The authority seeks to support companies looking to expand into the Middle East, Africa and South Asia... Read more
MagazineTechnologyBlockchain is disruptiveWebAdminJune 5, 2020June 5, 2020 by WebAdminJune 5, 2020June 5, 2020 The KYC blockchain platform simplifies data verification process for businesses and minimises regulatory oversights of banks... Read more
FeaturedShipping and PortsDP World partners with TradeLens to digitalise global supply chainPritam BordoloiMay 29, 2020May 29, 2020 by Pritam BordoloiMay 29, 2020May 29, 2020 DP World aims to connect all its 82 marine and inland container terminals... Read more
EconomyFeaturedDubai expects 70% companies to shut businesses in next six monthsInternational Finance Business DeskMay 27, 2020May 27, 2020 by International Finance Business DeskMay 27, 2020May 27, 2020 The survey was conducted on 1,228 CEOs across various sectors during the period between April 16 and April 22... Read more
FeaturedReal EstateDubai launches new remote property registration systemPritam BordoloiMay 22, 2020 by Pritam BordoloiMay 22, 2020 The new system is designed to allow real estate owners to complete sales transactions from anywhere in the world... Read more
AviationFeaturedDXB passenger traffic drops 19.8% in Q1 2020International Finance Business DeskMay 14, 2020May 14, 2020 by International Finance Business DeskMay 14, 2020May 14, 2020 A total of 17.8 mn passengers passed through through the DXB gates between January and March 2020... Read more