Emirates NBD in talks to acquire Blom Bank Egypt
Emirates NBD confirmed about preliminary talks between both parties through a bourse filing...
Tag : Middle East
Zain KSA expands 5G coverage to 35 Saudi cities
Zain has launched 5G in cities such as Duwadimi, Hawtat Bani Tamim, Hayathim, Muzahimiyah, and Quwayiyah...
Aramco to go ahead with plans to boost output capacity to 13 mn bpd: CEO
Aramco will go ahead with the plan despite a significant cut in capital expenditure...
Air Arabia posts losses of around Dh196 mn during H1
The carrier said that the losses were incurred due to the Covid-19 crisis...
Adnoc’s logistics unit forms JV with China’s Wanhua Chemicals
The JV, called AW Shipping, will own and operate a fleet of very large gas carriers (VLGCs) and modern product tankers...
Etihad Airways records losses of around $758 mn during H12020
Etihad carried 3.5 mn passengers in the six months to June 30 compared to 8.2 mn in 2019...
RAKBANK to close 25% of its branches across UAE
The bank will close a total of 9 branches...
UAE-based developer Azizi to construct 11,000 homes in Dubai
They will invest $952 mn over the next 2-3 years...
DP World to acquire 60% stake in South Korea-based Unico Logistics
The deal is expected to be completed in the fourth quarter of 2020...
SABIC to develop world’s first renewable energy powered chemical plant
The plant will be built in Cartegena, Spain...