FeaturedOil & GasOil prices soar to a three year high as OPEC+ abandons meeting without a dealWebAdminJuly 6, 2021July 6, 2021 by WebAdminJuly 6, 2021July 6, 2021 Several days of negotiations could not resolve a dispute between Saudi Arabia and the UAE... Read more
FeaturedIslamic BankingQatar International Islamic Bank mulls 100% foreign ownershipWebAdminJune 29, 2021 by WebAdminJune 29, 2021 At present, foreign investors hold 49% shares at the Qatar International Islamic Bank... Read more
FeaturedOil & GasUAE to become the first major oil exporter to target net-zero by 2050WebAdminJune 28, 2021 by WebAdminJune 28, 2021 The UAE announced its plan before its meeting at the Glasgow climate summit and it could achieve its target while continuing to sell oil and gas... Read more
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