Mubadala sells 39% stake in Borealis to OMV for $4.68 bn
The company currently holds a 25 percent stake in Borealis and the stake sale is in line with all regulatory requirements...
Tag : UAE
DP World posts 3.1% growth in container volume in Q3
The port operator handled 18.3 mn TEUs in the third quarter of 2020...
India allows Adnoc to export from its strategic petroleum reserve
The oil giant can now export from the Mangalore SPR in foreign flagged ships...
Sharjah Islamic Bank plays a prominent role in Islamic banking
The bank’s efforts in combining modern innovation and traditional values have enabled it to become a leader in the UAE’s financial landscape...
Average office rents in Dubai fall 6.5% in Q3: Knight Frank
Prime office rents down by 4.7% during the period...
Emirates looks to expand its reach in the African continent
The carrier signed an interline agreement with South Africa’s Airlink...
UAE’s revised economic outlook to contract by 6.6% in 2020: IMF
economy will recover by 1.3 percent next year...
Etihad becomes first UAE-based carrier to implement eTech logs
Etihad ran a trial period of three months in partnership with the GCAA...
UAE developer Nakheel sells $323 mn worth of ready-to-occupy villas
Nakheel sold 500 units in the last six months...
UAE invests $73 mn in AI systems in 2020; highest in the Middle East
Spending on AI systems is set to grow by 19.7% in 2019...