Saudi Arabia’s GDP fell by 13% year-on-year during Q2
The Saudi economy contracted by 1% in Q1...
Tag : Middle East
Wizz Air Abu Dhabi receives its first new Airbus A321neo aircraft
Wizz Air Abu Dhabi is a JV between ADQ and Wizz Air Holdings...
Emirates Digital Wallet digital cash platform enters final round of testing
The initiative is jointly set up by 15 of the UAE’s leading national banks...
Aramco delays mega petro projects to save cash and preserve dividends
Reportedly, Aramco is putting its plan to construct a $20 billion crude-to-chemicals plant at Yanbu on hold...
Dubai-based logistics company Fetchr secures $15 mn funding
The funding will help the company expand to China, the US, the UK and the EU region...
Saudi Electricity signs $2.4 bn financing agreement with 7 major banks
The seven banks include the National Commercial Bank, Bank Albilad and Al-Rajhi Bank...
Emirates receives $2 billion injection to weather Covid-19 storm
The injection was promised by Dubai Crown Prince Sheikh Hamdan bin Mohammed Al Maktoum in March...
Aramco discovers two new oil fields in northern parts of the kingdom
The oil fields have been discovered in Northern region of Abraq Al Toloul and Al Jof...
Mubadala Investment Company invests in PCI Pharma Services
The terms of the transactions are not yet disclosed...
Emirates, Etihad ask crew to take voluntary unpaid leave
The decision is part of the carrier’s plan to weather the Covid-19 crisis...