Coronavirus may lead to losses of $4.9 bn for Middle East airlines
With new coronavirus cases being reported in the Middle East, passenger numbers are expected to drop by 23%...
Tag : Middle East
Bahrain mulls issuing digital version of its currency
The Central Bank of Bahrain is conducting a study on the possibilities...
UAE is first Mideast country to produce nuclear energy
UAE officially starts power operation at the Barakah nuclear power plant...
National Bank of Fujairah and Ripple to facilitate cross border payments
The UAE-based bank will use RippleNet to facilitate remittance payments to India through Indus Ind Bank...
Dubai’s logistics startup iMile secures $10 mn funding to expand in ME
The round was led by an unnamed venture capital firm active in the Chinese logistics market...
Mubadala mulls investment in healthcare company NMC Health
Mubadala is reportedly considering buying a stake as well as acquiring a board seat in the healthcare company...
Saudi Arabia reviews two new digital banking applicants
The central bank will decide based on the companies’ capital and the scale, nature, and complexity of the operations...
UAE telco du deploys first live millimetre wave 5G site at Yas Island
The site will provide ultra-high mobile broadband speeds of up to 2.1Gbps using a 26GHz frequency...
CEO: No secondary listing of Aramco shares to take place for a year
An international listing will be discussed by Aramco, but not at this point of time...
Saudi Arabia issues new digital banking guidelines
The guidelines complement SAMA’s banking licensing guidelines and minimum criteria...