Global oil demand will soar by a record 7 bpd in 2021:OPEC
Oil prices in 2020 have collapsed due to an oil price war and the coronavirus pandemic...
Tag : Middle East
Expansion of DP World Sokhna’s Basin 2 in Egypt nears completion
The project would result in 750,000 TEUs of added capacity...
Wizz Air Abu Dhabi to fly six new routes from October 2020
The carrier will fly two new Airbus A321neo aircraft...
Dubai’s real estate transaction in June signals a V-shaped recovery
Real estate sale transactions in Dubai jumped by 60% m-n-m in June...
Qatar Airways to resume operations to 11 more international destinations
Qatar Airways will start flying to Berlin, Toronto and Boston...
Abu Dhabi Islamic Bank raises foreign ownership to 40%
Earlier, the foreign ownership limit at ADIB was set at 25%...
Bahrain’s GDP contracted 1.1% in the first quarter of 2020
Bahrain’s economy is likely to contract by 3.6% this year...
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...