FeaturedTechnologyCybercrime, corporate fraud costing global economy $11 tn each yearWebAdminJuly 6, 2021 by WebAdminJuly 6, 2021 Global cybercrime costs to grow by 15% per year over the next five years... Read more
FeaturedOil & GasOil prices soar to a three year high as OPEC+ abandons meeting without a dealWebAdminJuly 6, 2021July 6, 2021 by WebAdminJuly 6, 2021July 6, 2021 Several days of negotiations could not resolve a dispute between Saudi Arabia and the UAE... Read more
FeaturedTelecomSTC receives regulatory approval for IPO of its subsidiaryWebAdminJuly 1, 2021 by WebAdminJuly 1, 2021 The Capital Market Authority approved an offering of 20% that represents 24 mn shares of Arabian Internet and Communications Services which is also known as solutions by STC... Read more
FeaturedTechnologyHSBC signs blockchain-based KYC data sharing coalition in the UAEWebAdminJuly 1, 2021 by WebAdminJuly 1, 2021 HSBC is the first foreign bank to join UAE KYC has become the fourth founding member... Read more
FeaturedOil & GasUAE to become the first major oil exporter to target net-zero by 2050WebAdminJune 28, 2021 by WebAdminJune 28, 2021 The UAE announced its plan before its meeting at the Glasgow climate summit and it could achieve its target while continuing to sell oil and gas... Read more
FeaturedFinanceUAE 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
FeaturedIslamic 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
FeaturedOil & 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
FeaturedHealthcareMubadala 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
FeaturedOil & 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