EnergyFeaturedMiddle East is world’s second best market for clean energy investmentsInternational Finance Business DeskMay 20, 2020May 20, 2020 by International Finance Business DeskMay 20, 2020May 20, 2020 A report published by Ashurst observed that the region houses some of the largest renewable projects... Read more
FeaturedTechnologyAdnoc Distribution’s app sees 9 mn contactless transactionsPritam BordoloiMay 20, 2020 by Pritam BordoloiMay 20, 2020 Adnoc provides four secure contactless payment options through its smart application, including Mobile Pay and RFID... Read more
FeaturedOil & GasBrooge Petroleum leases six oil tanks in the UAE to TotalInternational Finance Business DeskMay 15, 2020May 15, 2020 by International Finance Business DeskMay 15, 2020May 15, 2020 The lease will be for a period of six months, with a potential to renew for another six months... Read more
BankingFeaturedRakBank, 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
FeaturedReal 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
FeaturedTechnologyAdnoc’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
AviationFeaturedIATA: 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
AviationFeaturedCovid-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
FeaturedOil & 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
FeaturedIslamic 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