FeaturedIslamic FinanceUAE Islamic banks record 5% increase in assets in 2020: Central BankWebAdminJune 21, 2021June 21, 2021 by WebAdminJune 21, 2021June 21, 2021 The investment represents around 19% of the total banking assets... Read more
FeaturedOil & GasChina discovers new oil and gas in Xinjiang Uygur autonomous regionWebAdminJune 21, 2021 by WebAdminJune 21, 2021 Located in the Fuman Oilfield area, the well contains 1 bn ton of oil and gas... Read more
FeaturedOil & GasADNOC awards $510 mn contract to Saipem to expand Shah sour gas capacityWebAdminJune 16, 2021 by WebAdminJune 16, 2021 The contract will increase the plant’s capacity by 13% to 1.45 bn cubic feet per day by 2023... Read more
BankingFeaturedSaudi Arabia considering issuing two new digital banking licencesWebAdminJune 14, 2021 by WebAdminJune 14, 2021 The Saudi Central Bank will recommend the two applicants to higher authorities for approval... Read more
FeaturedReal EstateAjar and Visa team to launch digital rent payment option in the Middle EastWebAdminJune 10, 2021 by WebAdminJune 10, 2021 Ajar, will provide tenants with an option to pay rent digitally, and eventually aims to become completely paperless... Read more
AviationFeaturedMideast aviation suffers new hit as passenger demand plunges to 82.9% in AprilWebAdminJune 10, 2021 by WebAdminJune 10, 2021 The passenger traffic was down by 87.3 percent, compared to the numbers of 2019... Read more
EnergyFeaturedOman LNG and Shell to deliver the Sultanate’s first carbon-neutral LNG cargoWebAdminJune 9, 2021 by WebAdminJune 9, 2021 The first carbon-neutral liquefied natural gas (LNG) cargo will be delivered to the Middle East from Oman LNG’s export facility in Qalhat, Sur... Read more
FeaturedReal EstateProperty sales surge by 250% during the first five months of 2021: EmaarWebAdminJune 7, 2021 by WebAdminJune 7, 2021 The developer also mentioned that the total sales reached up to Dh10.5 bn, compared to Dh3 bn recorded the previous year... Read more
EconomyFeaturedUAE’s economy to recover to pre-Covid-19 levels by 2024: Moody’sWebAdminMay 27, 2021 by WebAdminMay 27, 2021 The credit rating agency rated the UAE’s credit profile as Aa2 stable in its annual credit analysis... Read more
BankingFeaturedKuwait banking sector releases financial reports for Q1WebAdminMay 24, 2021May 24, 2021 by WebAdminMay 24, 2021May 24, 2021 The banking sector has been able to overcome the effects of Covid-19 because of the 43 measures taken by the Central bank of Kuwait... Read more