RAKBANK to close 25% of its branches across UAE
The bank will close a total of 9 branches...
Tag : UAE
UAE-based developer Azizi to construct 11,000 homes in Dubai
They will invest $952 mn over the next 2-3 years...
DP World to acquire 60% stake in South Korea-based Unico Logistics
The deal is expected to be completed in the fourth quarter of 2020...
Dubai Economy and Emirates NBD to launch KYC blockchain platform
The platform will facilitate secure digital customer onboarding and also instant bank account functionality...
Abu Dhabi Commercial Bank to let go 400 employees
The bank decides to cut costs amid lower oil prices and the Covid-19 crisis...
Sales volume in Abu Dhabi real estate market to pick up in H2
Developers are expected to offer lucrative incentives to potential buyers...
Adnoc and ADQ form joint venture to invest in chemical projects
Adnoc will hold a 60% equity stake in the venture, while ADQ will have the remaining 40%...
Gulf economies contracting in 2020 to recover in 2021
Analysts see a deep economic contraction in the hydrocarbon-producing region this year...
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%...