Bahrain’s GDP contracted 1.1% in the first quarter of 2020
Bahrain’s economy is likely to contract by 3.6% this year...
Tag : Middle East
UAE central bank to introduce a new overnight deposit facility
The new facility will allow conventional banks operating deposit their surplus liquidity at the central bank on an overnight basis...
DP World integrates Unifeeder and Feedertech to improve supply chain
It will further strengthen the capabilities of DP Word’s main ports in Dubai’s Jebel Ali, and ports in India, Africa and Europe...
Dubai’s GDP declines 3.5% in first quarter year-on-year
Real estate activity registered a growth of 3.7% in Q1 2020...
Saudi Arabia to produce world’s lowest-cost electricity
The kingdom will soon develop a solar project that will produce electricity at the lowest cost per kilowatt...
DP World to launch new shipping line in partnership with Marwani
The shipping line will connect the Port of Jebel Ali in Dubai with Egypt’s Port of Sokhna...
Qatar Airways to reshuffle fleet, retire 777 aircraft
According to the carrier, the decision is part of a strategy to cut emissions...
UAE sees surge in digital payments amid the pandemic: Study
A survey conducted by Visa revealed that 71% of consumers reported increased use of digital payments...
82% of MidEast banking customers are open to fintech solutions: Study
The study found that of the 18% unwilling to use fintech, 40% cited security and privacy as their biggest concerns...
Oman Logistics Center launches cloud-based technology initiative
Tawseel will empower startups and SMEs in Oman in the last mile delivery space...