Featured FinanceUAE attracts foreign investment worth $20 bn in 2020WebAdminJune 22, 2021 by WebAdminJune 22, 2021 The Emirates became the 15th largest recipient of FDI in the world and climbed seven places from 2019 to 2020... Read more
Featured Islamic FinanceUAE Islamic banks record 5% increase in assets in 2020: Central BankWebAdminJune 21, 2021June 21, 2021 by WebAdminJune 21, 2021June 21, 2021 The investment represents around 19% of the total banking assets... Read more
Featured Oil & GasChina discovers new oil and gas in Xinjiang Uygur autonomous regionWebAdminJune 21, 2021 by WebAdminJune 21, 2021 Located in the Fuman Oilfield area, the well contains 1 bn ton of oil and gas... Read more
Featured HealthcareMubadala health buys 60% stake in UEMedicalsWebAdminJune 17, 2021 by WebAdminJune 17, 2021 The stake has been acquired from Jadawa Investment and United Eastern Group (UEG) and marked the company’s entry into the Saudi Arabia market... Read more
Featured Oil & GasADNOC awards $510 mn contract to Saipem to expand Shah sour gas capacityWebAdminJune 16, 2021 by WebAdminJune 16, 2021 The contract will increase the plant’s capacity by 13% to 1.45 bn cubic feet per day by 2023... Read more
Featured Real EstateProperty sales surge by 250% during the first five months of 2021: EmaarWebAdminJune 7, 2021 by WebAdminJune 7, 2021 The developer also mentioned that the total sales reached up to Dh10.5 bn, compared to Dh3 bn recorded the previous year... Read more
Aviation FeaturedQatar Airways to fly a daily Boeing 787 Dreamliner to Sharjah from JulyWebAdminJune 7, 2021 by WebAdminJune 7, 2021 The carrier cancelled its services to Sharjah in 2017 due to diplomatic reasons... Read more
Economy FeaturedUAE’s economy to recover to pre-Covid-19 levels by 2024: Moody’sWebAdminMay 27, 2021 by WebAdminMay 27, 2021 The credit rating agency rated the UAE’s credit profile as Aa2 stable in its annual credit analysis... Read more
Economy FeaturedSaudi Arabia’s inflation rate increases in April to 5.3%WebAdminMay 24, 2021 by WebAdminMay 24, 2021 The increase is primarily due to the rise in food and transport prices... Read more
Featured Islamic FinanceADIB launches digital platform for corporates in Iraq to meet growing business demandsWebAdminMay 20, 2021 by WebAdminMay 20, 2021 The bank wants to strengthen its presence in the Iraqi market by launching its digital platform titled ADIB Direct... Read more