Airlines in UAE could lose $5.36 bn in revenue due to coronavirus
IATA reports that around 287,863 jobs could be cut in the UAE aviation sector...
Tag : UAE
Adnoc to continue investments to achieve 2030 targets
Adnoc wants to produce 5 million barrels of oil per day by 2030...
Mubadala to launch a healthcare fund in light of Covid-19 outbreak
The fund will invest in digital health technology and life science...
ADPower, Tadweer to develop two waste to energy plants
The proposed plants will have a potential to transform up to 1.5 million tonnes of municipal waste into energy annually...
UAE Insurance Authority to delay BOD-49 until six months
Some insurance companies in the country have expressed it requires more than the stipulated time for successful implementation...
UAE banks provide 98% of services digitally amid coronavirus outbreak
A study also revealed that digital banking users significantly increased to 90%...
UAE lifts ban on Skype, HangOut to enable smooth business operations
Microsoft Skype for Business and Google HangOut are now compatible with fixed internet networks in the country...
10 banks commit $9 bn in loans as a part of DP World debt deal
The group of 10 banks includes Credit Agricole, Emirates NBD, First Abu Dhabi Bank, HSBC, JPMorgan, and Standard Chartered...
Adnoc awards contracts worth $1.65 bn for gas development projects
The contracts are awarded to Petrofac and a JV between Petrofac and Sapura Energy...
Emirates suspends flights to 30 destinations amid Covid-19 pandemic
The carrier will stop flying to Turkey, Jordan, Lebanon, Iraq, Cyprus, Malta and Portugal...