IATA: Oman’s airlines to suffer revenue losses of $724 mn in 2020
Oman's aviation industry could see 4.3 million fewer passengers in 2020...
Tag : UAE
Covid-19 could result in 400,000 jobs losses in UAE’s aviation industry
IATA believes job losses in the UAE’s aviation industry will be the highest compared to other Gulf nations...
Adnoc terminates Petrofac’s contract for Dalma gas project
Petrofac's scope of work in the project was valued at $1.5billion...
ADIB: First Islamic bank to complete digital trade finance transaction
Abu Dhabi Islamic Bank completed the transaction with the help of TradeAssets, a blockchain-based trade finance emarket...
Saudi Arabia-Russia agree to slash oil output and end the oil price war
The parties agreed to cut production by about 10 million barrels a day in May and June...
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...
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...