Featured Oil & GasAramco mulls selling pipeline stake to raise cashInternational Finance Business DeskMarch 31, 2020 by International Finance Business DeskMarch 31, 2020 Aramco needs cash to deal with the slump in oil prices and the coronavirus pandemic... Read more
Energy FeaturedSaudi Arabia to develop $1.8 bn chemical plant in the kingdomInternational Finance Business DeskMarch 30, 2020 by International Finance Business DeskMarch 30, 2020 The project will be developed by Saudi Arabia’s Advanced Petrochemicals and South Korea’s SK Gas Petrochemical... Read more
Banking FeaturedUAE banks provide 98% of services digitally amid coronavirus outbreakInternational Finance Business DeskMarch 26, 2020 by International Finance Business DeskMarch 26, 2020 A study also revealed that digital banking users significantly increased to 90%... Read more
Featured Real EstateReal Estate deals in Oman fall by 30.6% in January 2020International Finance Business DeskMarch 25, 2020 by International Finance Business DeskMarch 25, 2020 The number of plots issued also falls by 14.7%... Read more
Featured Ports and Shipping10 banks commit $9 bn in loans as a part of DP World debt dealPritam BordoloiMarch 20, 2020 by Pritam BordoloiMarch 20, 2020 The group of 10 banks includes Credit Agricole, Emirates NBD, First Abu Dhabi Bank, HSBC, JPMorgan, and Standard Chartered... Read more
Featured Oil & GasAramco to cut refinery runs to sustain high oil output through MayPritam BordoloiMarch 20, 2020 by Pritam BordoloiMarch 20, 2020 Aramco to continue supplying crude at a record rate of 12.3 bpd... Read more
Featured Oil & GasAdnoc awards contracts worth $1.65 bn for gas development projectsPritam BordoloiMarch 19, 2020 by Pritam BordoloiMarch 19, 2020 The contracts are awarded to Petrofac and a JV between Petrofac and Sapura Energy... Read more
Aviation FeaturedIATA: Airlines need $250 bn bailout package to survive Covid-19 outbreakPritam BordoloiMarch 18, 2020March 19, 2020 by Pritam BordoloiMarch 18, 2020March 19, 2020 Global air travel down by 94 percent... Read more
Featured FintechMubadala acquires a 3.4% stake in UK fintech FinablrPritam BordoloiMarch 18, 2020 by Pritam BordoloiMarch 18, 2020 The acquisition is made MIC Capital Partners, a fund owned by Mubadala Investment Company... Read more
Aviation FeaturedEmirates suspends flights to 30 destinations amid Covid-19 pandemicPritam BordoloiMarch 17, 2020 by Pritam BordoloiMarch 17, 2020 The carrier will stop flying to Turkey, Jordan, Lebanon, Iraq, Cyprus, Malta and Portugal... Read more