FeaturedReal EstateUAE-based proptech startup Nomad Homes raises $20 mn to expand in EMEAIFM CorrespondentOctober 1, 2021 by IFM CorrespondentOctober 1, 2021 The funding round was co-led by 01 Advisors and the Spruce House Partnership... Read more
EnergyFeaturedUAE emerging as one of the biggest players in the global blue hydrogen marketIFM CorrespondentSeptember 22, 2021 by IFM CorrespondentSeptember 22, 2021 The UAE is on its way to become gas self-sufficiency as ADNOC expands into unconventional gas... Read more
FeaturedIslamic BankingNational Bank of Fujairah launches electronic trading platform NBFXIFM CorrespondentSeptember 20, 2021 by IFM CorrespondentSeptember 20, 2021 NBFX is available for both conventional and Shariah-compliant banking customers... Read more
FeaturedReal EstateUAE property giants invest $430 mn in Bahrain real estateIFM CorrespondentSeptember 14, 2021September 15, 2021 by IFM CorrespondentSeptember 14, 2021September 15, 2021 Emaar Properties and Eagle Hills are some of the major names that have invested in Bahrain real estate... Read more
FeaturedTelecomEtisalat gets regulatory approval to increase foreign ownership to 49%International Finance Business DeskSeptember 7, 2021 by International Finance Business DeskSeptember 7, 2021 Previously, foreign ownership was capped at 20%... Read more
EconomyFeaturedUAE seeks $150 bn investment to grow trade with Asia and AfricaInternational Finance Business DeskSeptember 6, 2021 by International Finance Business DeskSeptember 6, 2021 UAE will use these funds to reposition itself as a global hub of business and finance... Read more
EconomyFeaturedUAE recorded $52 bn non-oil trade growth with Arab countries in H1 2021International Finance Business DeskSeptember 3, 2021 by International Finance Business DeskSeptember 3, 2021 The non-oil trade between the UAE and Arab countries grew by 29%... Read more
BankingFeaturedAjman Bank-Kamel Pay partner to bring innovative payment solutions to the UAEInternational Finance Business DeskAugust 23, 2021 by International Finance Business DeskAugust 23, 2021 The partnership will have a substantial impact on the adoption of secure and cashless payments across the UAE... Read more
FeaturedReal EstateDubai records 283 sales transactions worth Dh580.54 mn in a single dayInternational Finance Business DeskAugust 19, 2021 by International Finance Business DeskAugust 19, 2021 The massive sale consisted of 194 units, 31 buildings, and 58 land plots and the mortgages included 20 units, 5 buildings and 23 land plots... Read more
FeaturedOil & GasFujairah Oil Terminal secures $280 mn from Prostar CapitalInternational Finance Business DeskAugust 18, 2021August 18, 2021 by International Finance Business DeskAugust 18, 2021August 18, 2021 The latest funds will replace the existing senior debt along with creating a connection terminal to the Very Large Crude Carrier (VLCC)... Read more