Gulf economies contracting in 2020 to recover in 2021
Analysts see a deep economic contraction in the hydrocarbon-producing region this year...
Tag : UAE
Wizz Air Abu Dhabi to fly six new routes from October 2020
The carrier will fly two new Airbus A321neo aircraft...
Abu Dhabi Islamic Bank raises foreign ownership to 40%
Earlier, the foreign ownership limit at ADIB was set at 25%...
Etihad Airways seeks to achieve 45% of its pre-covid capacity
The carrier announced that it will build back its network covering destinations where the lockdowns have been lifted...
UAE central bank to introduce a new overnight deposit facility
The new facility will allow conventional banks operating deposit their surplus liquidity at the central bank on an overnight basis...
Dubai’s GDP declines 3.5% in first quarter year-on-year
Real estate activity registered a growth of 3.7% in Q1 2020...
UAE sees surge in digital payments amid the pandemic: Study
A survey conducted by Visa revealed that 71% of consumers reported increased use of digital payments...
82% of MidEast banking customers are open to fintech solutions: Study
The study found that of the 18% unwilling to use fintech, 40% cited security and privacy as their biggest concerns...
Abu Dhabi Terminals, ATCUAE partner to promote trade and transport
The partnership will strengthen the International Road Transport System for all stakeholders...
UAE central bank expects recovery of economic activities in H2
It also expects the stimulus packages announced by the government to have high impact...