AviationEmirates flies to Mexico after legal battlePritam BordoloiDecember 10, 2019 by Pritam BordoloiDecember 10, 2019 The carrier will fly to Mexico through Barcelona... Read more
Oil & GasAramco allocates 23% shares to non-Saudi investors in IPOPritam BordoloiDecember 10, 2019 by Pritam BordoloiDecember 10, 2019 Aramco is expected to list 1.5% of its shares on the Tadawul later this week... Read more
Ports and ShippingAquaChemie to develop $40 mn chemical terminal in UAEPritam BordoloiDecember 6, 2019 by Pritam BordoloiDecember 6, 2019 To be developed at Jebel Ali Port in Dubai, the facility will serve as a strategic gateway to facilitate chemical trade across GCC... Read more
EconomyUAE to see higher growth due to greater spendingPritam BordoloiDecember 5, 2019 by Pritam BordoloiDecember 5, 2019 The UAE’s economy is projected to grow by 2.3% in 2019, according to its central bank... Read more
Oil & GasFIIs account for only 10.5% of Aramco sharesPritam BordoloiDecember 3, 2019 by Pritam BordoloiDecember 3, 2019 Overall institutional investors put in bids worth $38 bn for Aramco IPO... Read more
TelecomSaudi telecom market valued at $17 bn; biggest in the regionPritam BordoloiDecember 2, 2019 by Pritam BordoloiDecember 2, 2019 The Saudi telecom industry has recorded substantial growth in the last five years... Read more
Oil & GasAramco-Adnoc refinery in India to cost 2X of estimated pricePritam BordoloiNovember 29, 2019 by Pritam BordoloiNovember 29, 2019 The initial estimated cost was $44n, however, now the refinery will be developed with an investment of $70 bn... Read more
Oil & GasAbu Dhabi mulls over $1.5 bn Aramco investmentPritam BordoloiNovember 28, 2019 by Pritam BordoloiNovember 28, 2019 The investment will be made through Abu Dhabi’s state-owned entities... Read more
BankingNBB to acquire 100% of Bahrain Islamic Bank’s paid up sharesPritam BordoloiNovember 27, 2019 by Pritam BordoloiNovember 27, 2019 On offer: Cash or a share-swap with an exchange ratio of 0.167 NBB shares per Bahrain Islamic shares... Read more
Islamic BankingDubai Islamic Bank, Noor Bank agree to share-swap dealPritam BordoloiNovember 26, 2019January 24, 2020 by Pritam BordoloiNovember 26, 2019January 24, 2020 One share in Dubai Islamic Bank will be swapped for 5.49 shares in Noor Bank... Read more