Oman’s fiscal gap sharply down
Rise in revenue cut deficit despite higher spending in 2010
Business
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Mena equity markets to see growth
Emirates NBD says valuations remain attractive
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Private jet business booms
Unrest in region reinforces Dubai’s position as key tourism destination
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Algosaibis to get bank data
BofA, Citibank, StanChart and HSBC told to hand over records
Economy & Finance
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Total assets of 18 listed national banks rise to AED3 trillion by end of June
Total assets of the 18 listed national banks rose to around AED3 trillion in H1-2020, up 8.2 percent, compared to the
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Ad: Jordan Insurance Company
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Dubai Economy: 1,342 outlets fully compliant with market opening guidelines, no warnings or closures
The Commercial Compliance & Consumer Protection, CCCP, sector in Dubai Economy has implemented a new inspection
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Money Supply M3 hits AED1.694 trillion in February
The Central Bank of the UAE has announced that the Money Supply Aggregate M3 edged up to circa AED1.694 trillion in
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SEDD takes measures to protect Sharjah markets amid COVID-19 concerns
The Sharjah Economic Development Department, SEDD, has announced that it has intensified health and safety control
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Dubai Holding & Meraas unveil economic relief package of over AED 1 billion
Dubai Holding, a global investment holding company, and Meraas, Dubai’s premier developer and operator of lifestyle
Corporate
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Boeing, Etihad Airways and World Energy lift sustainable aviation fuel to the next level on ecoDemonstrator programme
Boeing and Etihad Airways concluded testing on the aerospace company’s 2020 ecoDemonstrator programme with a cross-
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DIFC launches new 'Innovation License' to boost creativity, entrepreneurship
Dubai International Financial Centre, DIFC, has announced the launch of a new license for startups, entrepreneurs and
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Etihad Airways expands air-rail partnership with AccesRail in Europe
Etihad Airways has announced the expansion of its partnership with AccesRail, the world’s leading provider of air-rail
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DEWA tests wearable exoskeletons in fieldwork
Dubai Electricity and Water Authority (DEWA) is currently testing wearable robotic exoskeletons, developed by SuitX, an
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Emirates ramps up passenger services to Pakistan, offering customers 60 weekly flights
Emirates has announced it will increase its passenger services to/from Pakistan starting 10th August, offering
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Air Arabia Abu Dhabi launches new service to Kabul and Dhaka
Air Arabia Abu Dhabi, the capital’s first low-cost carrier, has announced the introduction of two new destinations -
Energy
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Emirates Water and Electricity Company to develop world’s largest solar power plant
The Emirates Water and Electricity Company, EWEC, a leading company in the coordination of planning, purchasing and
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ENOC Group opens new service stations in Lehbab and Al Qudra
ENOC Group has announced that it recently opened two new service stations in Lehbab and Al Qudra in Dubai. The opening
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25.182 mmbbl of crude imported by Japan from UAE in April
Japan imported from the United Arab Emirates 25.182 mmbbl of crude in April 2020, data released by the Agency of Energy
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COVID-19 crisis is causing the biggest fall in global energy investment in history: IEA
The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected
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OPEC daily basket price stood at US$28.06 a barrel Friday
The price of OPEC basket of thirteen crudes stood at US$28.06 a barrel on Friday, 22nd May 2020, compared with $29.70
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Saudi Aramco to reduce its oil production for June by one million bpd
Saudi Ministry of Energy has directed Aramco to reduce its crude oil production, for the upcoming month of June, by an