AviationFeaturedQatar Airways to defer aircraft delivery: CEOPritam BordoloiJune 18, 2020 by Pritam BordoloiJune 18, 2020 The carrier will defer Airbus and Boeing aircraft deliveries due in 2020 and 2021... Read more
FeaturedPorts and ShippingDP World acquires 51% stake in TIS Container Terminal in UkrainePritam BordoloiJune 17, 2020 by Pritam BordoloiJune 17, 2020 The acquisition marks DP World’s second major partnership with TIS shareholders, the first being with P&O Maritime Ukraine... Read more
FeaturedOil & GasMiddle East energy investments to see sharp decline to $792 bnInternational Finance Business DeskJune 16, 2020June 16, 2020 by International Finance Business DeskJune 16, 2020June 16, 2020 Thee sector will see a $173 mn decline during the period between 2020 and 2024... Read more
AviationFeaturedEgypt set to resume regular commercial flight operationsInternational Finance Business DeskJune 15, 2020 by International Finance Business DeskJune 15, 2020 IATA estimates global airlines to lose $84.3 billion in 2020 and has projected a positive outlook for the industry in 2021... Read more
FeaturedOil & GasAramco acquires 70% stake in SABIC for $69.1 bnPritam BordoloiJune 15, 2020 by Pritam BordoloiJune 15, 2020 The payments will be funded in part by four bonds issued by Aramco to the PIF... Read more
EconomyFeaturedUAE central bank expects recovery of economic activities in H2Pritam BordoloiJune 12, 2020 by Pritam BordoloiJune 12, 2020 It also expects the stimulus packages announced by the government to have high impact... Read more
FeaturedTechnologySaudi Arabia uses blockchain to transfer funds into local banksPritam BordoloiJune 11, 2020 by Pritam BordoloiJune 11, 2020 The move was a part of the Saudi central bank’s plan to explore latest technological innovation... Read more
FeaturedFintechUAE-based Fintech TPAY Mobile acquires 100% stake in Turkey’s PayguruPritam BordoloiJune 11, 2020 by Pritam BordoloiJune 11, 2020 The deal is subject to the approval of the Central Bank of the Republic of Turkey and the Competition Authority... Read more
BankingFeaturedBank of America acquires 1.51% stake in Emirates NBDPritam BordoloiJune 10, 2020 by Pritam BordoloiJune 10, 2020 The deal is expected to cost around Dh900 mn... Read more
EconomyFeaturedUAE’s economy to contract by 4.5% in 2020: World BankPritam BordoloiJune 9, 2020 by Pritam BordoloiJune 9, 2020 Economy to recover and grow by 1.4% next year... Read more