Aviation FeaturedEtihad Airways seeks to achieve 45% of its pre-covid capacityInternational Finance Business DeskJuly 7, 2020July 7, 2020 by International Finance Business DeskJuly 7, 2020July 7, 2020 The carrier announced that it will build back its network covering destinations where the lockdowns have been lifted... Read more
Banking FeaturedUAE central bank to introduce a new overnight deposit facilityPritam BordoloiJuly 6, 2020 by Pritam BordoloiJuly 6, 2020 The new facility will allow conventional banks operating deposit their surplus liquidity at the central bank on an overnight basis... Read more
Economy FeaturedDubai’s GDP declines 3.5% in first quarter year-on-yearPritam BordoloiJuly 1, 2020 by Pritam BordoloiJuly 1, 2020 Real estate activity registered a growth of 3.7% in Q1 2020... Read more
Featured FintechUAE sees surge in digital payments amid the pandemic: StudyPritam BordoloiJune 24, 2020June 24, 2020 by Pritam BordoloiJune 24, 2020June 24, 2020 A survey conducted by Visa revealed that 71% of consumers reported increased use of digital payments... Read more
Featured Fintech82% of MidEast banking customers are open to fintech solutions: StudyPritam BordoloiJune 23, 2020 by Pritam BordoloiJune 23, 2020 The study found that of the 18% unwilling to use fintech, 40% cited security and privacy as their biggest concerns... Read more
Featured Ports and ShippingAbu Dhabi Terminals, ATCUAE partner to promote trade and transportInternational Finance Business DeskJune 16, 2020June 16, 2020 by International Finance Business DeskJune 16, 2020June 16, 2020 The partnership will strengthen the International Road Transport System for all stakeholders... Read more
Economy FeaturedUAE central bank expects recovery of economic activities in H2Pritam BordoloiJune 12, 2020 by Pritam BordoloiJune 12, 2020 It also expects the stimulus packages announced by the government to have high impact... Read more
Featured FintechUAE-based Fintech TPAY Mobile acquires 100% stake in Turkey’s PayguruPritam BordoloiJune 11, 2020 by Pritam BordoloiJune 11, 2020 The deal is subject to the approval of the Central Bank of the Republic of Turkey and the Competition Authority... Read more
Economy FeaturedUAE’s economy to contract by 4.5% in 2020: World BankPritam BordoloiJune 9, 2020 by Pritam BordoloiJune 9, 2020 Economy to recover and grow by 1.4% next year... Read more
Magazine TechnologyBlockchain is disruptiveWebAdminJune 5, 2020June 5, 2020 by WebAdminJune 5, 2020June 5, 2020 The KYC blockchain platform simplifies data verification process for businesses and minimises regulatory oversights of banks... Read more