Qatar Airways to defer aircraft delivery: CEO
The carrier will defer Airbus and Boeing aircraft deliveries due in 2020 and 2021...
Tag : Middle East
DP World acquires 51% stake in TIS Container Terminal in Ukraine
The acquisition marks DP World’s second major partnership with TIS shareholders, the first being with P&O Maritime Ukraine...
Middle East energy investments to see sharp decline to $792 bn
Thee sector will see a $173 mn decline during the period between 2020 and 2024...
Egypt set to resume regular commercial flight operations
IATA estimates global airlines to lose $84.3 billion in 2020 and has projected a positive outlook for the industry in 2021...
Aramco acquires 70% stake in SABIC for $69.1 bn
The payments will be funded in part by four bonds issued by Aramco to the PIF...
UAE central bank expects recovery of economic activities in H2
It also expects the stimulus packages announced by the government to have high impact...
Saudi Arabia uses blockchain to transfer funds into local banks
The move was a part of the Saudi central bank’s plan to explore latest technological innovation...
UAE-based Fintech TPAY Mobile acquires 100% stake in Turkey’s Payguru
The deal is subject to the approval of the Central Bank of the Republic of Turkey and the Competition Authority...
Bank of America acquires 1.51% stake in Emirates NBD
The deal is expected to cost around Dh900 mn...
UAE’s economy to contract by 4.5% in 2020: World Bank
Economy to recover and grow by 1.4% next year...