Air Arabia posts losses of around Dh196 mn during H1
The carrier said that the losses were incurred due to the Covid-19 crisis...
Tag : Middle East
Adnoc’s logistics unit forms JV with China’s Wanhua Chemicals
The JV, called AW Shipping, will own and operate a fleet of very large gas carriers (VLGCs) and modern product tankers...
Etihad Airways records losses of around $758 mn during H12020
Etihad carried 3.5 mn passengers in the six months to June 30 compared to 8.2 mn in 2019...
RAKBANK to close 25% of its branches across UAE
The bank will close a total of 9 branches...
UAE-based developer Azizi to construct 11,000 homes in Dubai
They will invest $952 mn over the next 2-3 years...
DP World to acquire 60% stake in South Korea-based Unico Logistics
The deal is expected to be completed in the fourth quarter of 2020...
SABIC to develop world’s first renewable energy powered chemical plant
The plant will be built in Cartegena, Spain...
Dubai Economy and Emirates NBD to launch KYC blockchain platform
The platform will facilitate secure digital customer onboarding and also instant bank account functionality...
Abu Dhabi Commercial Bank to let go 400 employees
The bank decides to cut costs amid lower oil prices and the Covid-19 crisis...
Saudi Payments partners with Japan’s JCB to enable the JCB payment
The partnership will enable local banks to accept JCB cards through their network of point-of-sale terminals...