EconomyFeaturedBahrain’s GDP contracted 1.1% in the first quarter of 2020Pritam BordoloiJuly 7, 2020 by Pritam BordoloiJuly 7, 2020 Bahrain’s economy is likely to contract by 3.6% this year... Read more
BankingFeaturedUAE central bank to introduce a new overnight deposit facilityPritam BordoloiJuly 6, 2020 by Pritam BordoloiJuly 6, 2020 The new facility will allow conventional banks operating deposit their surplus liquidity at the central bank on an overnight basis... Read more
FeaturedPorts and ShippingDP World integrates Unifeeder and Feedertech to improve supply chainPritam BordoloiJuly 2, 2020 by Pritam BordoloiJuly 2, 2020 It will further strengthen the capabilities of DP Word’s main ports in Dubai’s Jebel Ali, and ports in India, Africa and Europe... Read more
EconomyFeaturedDubai’s GDP declines 3.5% in first quarter year-on-yearPritam BordoloiJuly 1, 2020 by Pritam BordoloiJuly 1, 2020 Real estate activity registered a growth of 3.7% in Q1 2020... Read more
EnergyFeaturedSaudi Arabia to produce world’s lowest-cost electricityPritam BordoloiJune 29, 2020 by Pritam BordoloiJune 29, 2020 The kingdom will soon develop a solar project that will produce electricity at the lowest cost per kilowatt... Read more
FeaturedPorts and ShippingDP World to launch new shipping line in partnership with MarwaniPritam BordoloiJune 26, 2020 by Pritam BordoloiJune 26, 2020 The shipping line will connect the Port of Jebel Ali in Dubai with Egypt’s Port of Sokhna... Read more
AviationFeaturedQatar Airways to reshuffle fleet, retire 777 aircraftPritam BordoloiJune 25, 2020 by Pritam BordoloiJune 25, 2020 According to the carrier, the decision is part of a strategy to cut emissions... Read more
FeaturedFintechUAE sees surge in digital payments amid the pandemic: StudyPritam BordoloiJune 24, 2020June 24, 2020 by Pritam BordoloiJune 24, 2020June 24, 2020 A survey conducted by Visa revealed that 71% of consumers reported increased use of digital payments... Read more
FeaturedFintech82% of MidEast banking customers are open to fintech solutions: StudyPritam BordoloiJune 23, 2020 by Pritam BordoloiJune 23, 2020 The study found that of the 18% unwilling to use fintech, 40% cited security and privacy as their biggest concerns... Read more
FeaturedLogisticsOman Logistics Center launches cloud-based technology initiativePritam BordoloiJune 19, 2020June 19, 2020 by Pritam BordoloiJune 19, 2020June 19, 2020 Tawseel will empower startups and SMEs in Oman in the last mile delivery space... Read more