10 banks commit $9 bn in loans as a part of DP World debt deal
The group of 10 banks includes Credit Agricole, Emirates NBD, First Abu Dhabi Bank, HSBC, JPMorgan, and Standard Chartered...
Tag : UAE
Adnoc awards contracts worth $1.65 bn for gas development projects
The contracts are awarded to Petrofac and a JV between Petrofac and Sapura Energy...
Emirates suspends flights to 30 destinations amid Covid-19 pandemic
The carrier will stop flying to Turkey, Jordan, Lebanon, Iraq, Cyprus, Malta and Portugal...
Gulf central banks cut rates to tackle slowdown caused by Covid-19
The Fed recently slashed its interest rates to nearly zero...
Public-private collaboration key to UAE’s smart healthcare goals
The country’s healthcare system is undergoing a structural shift with the accelerated adoption of sophisticated medical care technologies...
How prepared is Oman to levy VAT?
Although the Sultanate’s taxation system is largely unprepared for the implementation of VAT, VAT will benefit Oman’s economy...
World’s largest desalination plant in the UAE secures $758 mn loan
Operations at the project are expected to begin in 2022...
UAE healthtech Okadoc to expand into Saudi with $10 million funding
Okadoc has partnered with Dubai Healthcare City and onboarded some of the top healthcare providers in the country...
Adnoc to supply over 4 mn bpd from April as global oil price plunges
The oil giant is also speeding up its original target to produce 5 mn bpd of oil by 2030...
Etihad Airways to fly its Boeing 987-9 Dreamliner jet to Vienna
Etihad will fly daily to Vienna in Austria from December 1, 2020...