Banking FeaturedRakBank, BankAsia drive cross-border payments using Ripple’s blockchainInternational Finance Business DeskMay 14, 2020May 14, 2020 by International Finance Business DeskMay 14, 2020May 14, 2020 Bangladeshi expatriate community is expected to benefit from the partnership with instant and secure payments... Read more
Featured Real EstateDubai real estate sees best first quarter performance in six yearsPritam BordoloiMay 14, 2020 by Pritam BordoloiMay 14, 2020 Q1 2020 saw cash sales of ready homes up 30.4 percent annually with no change quarterly... Read more
Featured TechnologyAdnoc’s digital command centre generates $1 bn in business valuePritam BordoloiMay 7, 2020 by Pritam BordoloiMay 7, 2020 Panorama is a key part of Adnoc’s ongoing strategic investments in digitisation and AI... Read more
Aviation FeaturedIATA: Oman’s airlines to suffer revenue losses of $724 mn in 2020Pritam BordoloiApril 29, 2020 by Pritam BordoloiApril 29, 2020 Oman's aviation industry could see 4.3 million fewer passengers in 2020... Read more
Aviation FeaturedCovid-19 could result in 400,000 jobs losses in UAE’s aviation industryInternational Finance Business DeskApril 24, 2020April 24, 2020 by International Finance Business DeskApril 24, 2020April 24, 2020 IATA believes job losses in the UAE’s aviation industry will be the highest compared to other Gulf nations... Read more
Featured Oil & GasAdnoc terminates Petrofac’s contract for Dalma gas projectInternational Finance Business DeskApril 17, 2020April 20, 2020 by International Finance Business DeskApril 17, 2020April 20, 2020 Petrofac's scope of work in the project was valued at $1.5billion... Read more
Featured Islamic BankingADIB: First Islamic bank to complete digital trade finance transactionInternational Finance Business DeskApril 17, 2020 by International Finance Business DeskApril 17, 2020 Abu Dhabi Islamic Bank completed the transaction with the help of TradeAssets, a blockchain-based trade finance emarket... Read more
Featured Oil & GasSaudi Arabia-Russia agree to slash oil output and end the oil price warInternational Finance Business DeskApril 10, 2020 by International Finance Business DeskApril 10, 2020 The parties agreed to cut production by about 10 million barrels a day in May and June... Read more
Aviation FeaturedAirlines in UAE could lose $5.36 bn in revenue due to coronavirusInternational Finance Business DeskApril 6, 2020 by International Finance Business DeskApril 6, 2020 IATA reports that around 287,863 jobs could be cut in the UAE aviation sector... Read more
Featured Oil & GasAdnoc to continue investments to achieve 2030 targetsInternational Finance Business DeskApril 6, 2020 by International Finance Business DeskApril 6, 2020 Adnoc wants to produce 5 million barrels of oil per day by 2030... Read more