Real EstateUAE-based developer Azizi to construct 11,000 homes in DubaiPritam BordoloiAugust 4, 2020August 5, 2020 by Pritam BordoloiAugust 4, 2020August 5, 2020 They will invest $952 mn over the next 2-3 years... Read more
Featured Ports and ShippingDP World to acquire 60% stake in South Korea-based Unico LogisticsPritam BordoloiJuly 30, 2020 by Pritam BordoloiJuly 30, 2020 The deal is expected to be completed in the fourth quarter of 2020... Read more
Energy FeaturedSABIC to develop world’s first renewable energy powered chemical plantPritam BordoloiJuly 30, 2020 by Pritam BordoloiJuly 30, 2020 The plant will be built in Cartegena, Spain... Read more
Featured TechnologyDubai Economy and Emirates NBD to launch KYC blockchain platformPritam BordoloiJuly 29, 2020 by Pritam BordoloiJuly 29, 2020 The platform will facilitate secure digital customer onboarding and also instant bank account functionality... Read more
Banking FeaturedAbu Dhabi Commercial Bank to let go 400 employeesPritam BordoloiJuly 28, 2020 by Pritam BordoloiJuly 28, 2020 The bank decides to cut costs amid lower oil prices and the Covid-19 crisis... Read more
Featured FintechSaudi Payments partners with Japan’s JCB to enable the JCB paymentPritam BordoloiJuly 28, 2020 by Pritam BordoloiJuly 28, 2020 The partnership will enable local banks to accept JCB cards through their network of point-of-sale terminals... Read more
Featured Real EstateSales volume in Abu Dhabi real estate market to pick up in H2Pritam BordoloiJuly 24, 2020 by Pritam BordoloiJuly 24, 2020 Developers are expected to offer lucrative incentives to potential buyers... Read more
Aviation FeaturedQatar Airways seeks $5 bn compensation from 4 nations for airspace banPritam BordoloiJuly 23, 2020 by Pritam BordoloiJuly 23, 2020 The carrier launched international arbitration against Saudi Arabia, the UAE, Bahrain and Egypt... Read more
Energy FeaturedAdnoc and ADQ form joint venture to invest in chemical projectsPritam BordoloiJuly 22, 2020July 22, 2020 by Pritam BordoloiJuly 22, 2020July 22, 2020 Adnoc will hold a 60% equity stake in the venture, while ADQ will have the remaining 40%... Read more
Economy FeaturedGulf economies contracting in 2020 to recover in 2021Pritam BordoloiJuly 21, 2020 by Pritam BordoloiJuly 21, 2020 Analysts see a deep economic contraction in the hydrocarbon-producing region this year... Read more