FeaturedIslamic BankingDubai Islamic Bank to increase foreign ownership limit from 25% to 40%Pritam BordoloiFebruary 15, 2020February 14, 2020 by Pritam BordoloiFebruary 15, 2020February 14, 2020 The bank’s board of directors at Dubai Islamic Bank suggested the FOL changes... Read more
BankingFeaturedMaybank Islamic launches first overseas branch in DubaiInternational FinanceFebruary 13, 2020March 18, 2020 by International FinanceFebruary 13, 2020March 18, 2020 The bank’s Dubai branch will focus on wholesale banking which includes corporate financing, treasury, capital markets and trade finance... Read more
FeaturedOil & GasAdnoc to invest upto Dh1.5 bn to set up 60 new gas stations in DubaiInternational FinanceFebruary 13, 2020March 18, 2020 by International FinanceFebruary 13, 2020March 18, 2020 Currently, the majority of gas stations located in Dubai are operated by Emirates National Oil Company... Read more
FeaturedReal EstateDubai property market to see the addition of 62,500 new units in 2020Pritam BordoloiFebruary 12, 2020February 12, 2020 by Pritam BordoloiFebruary 12, 2020February 12, 2020 The number of units to be completed in Dubai this year is the highest in more than a decade... Read more
EnergyFeaturedDEWA sets world record in saving water and electricityPritam BordoloiFebruary 10, 2020 by Pritam BordoloiFebruary 10, 2020 DEWA recorded 1.86 minutes in electricity customer minutes lost (CML) in Dubai... Read more
FeaturedPorts and ShippingDP World handles 71.25 mn teu containers globally in 2019Pritam BordoloiFebruary 5, 2020 by Pritam BordoloiFebruary 5, 2020 The port operator handles volumes of 31.76 mn teu for APAC, 30.04 mn teu for Europe, MEA, and 9.45 mn teu for Americas and Australia... Read more
FeaturedHealthcareGCC Healthcare market expected to hit $70 billion this yearInternational FinanceJanuary 31, 2020March 18, 2020 by International FinanceJanuary 31, 2020March 18, 2020 Currently, GCC is spending just around 50 percent of what mature markets invest on healthcare... Read more
FeaturedPorts and ShippingDP World to invest $1 bn in Bangladesh container supply chainPritam BordoloiJanuary 30, 2020January 30, 2020 by Pritam BordoloiJanuary 30, 2020January 30, 2020 The investment could help Bangladesh accumulate cumulative economic benefits worth $35 bn... Read more
EconomyFeaturedStudy shows 75% of consumers positive about Dubai economyInternational FinanceJanuary 28, 2020March 18, 2020 by International FinanceJanuary 28, 2020March 18, 2020 Government initiatives coupled with reforms have improved employment and personal finances in the emirate... Read more
FeaturedHealthcareDubai hosts Arab Health 2020, largest global healthcare eventPritam BordoloiJanuary 27, 2020 by Pritam BordoloiJanuary 27, 2020 Professionals from 159 countries will exhibit healthtech, products, and services and showcase MENA medical advancements... Read more