Dubai government and its entities have been repaying their debt on time this year, reflecting stable revenues even during the pandemic time.
Dubai Electricity and Water Authority (Dewa) on Sunday said it made repayment of $1.5 billion (Dh5.5 billion) bond...
Etihad offers 15% flight ticket discount to frontline heroes
Abu Dhabi: Etihad Airways is offering benefits for frontline heroes that include a 15 per cent discount on the airline’s flights and preferential rates for Etihad Holidays’ range of travel packages.
Guests...
Over 700 thought leaders and industry experts to participate in 135 planned sessions
Abu Dhabi: Abu Dhabi will host the oil and gas industry’s largest on-line exhibition and conference, when the ADIPEC Virtual Conference brings together over 5,000 government ministers,...
Essa Kazim continues as Chairman of DIFC Authority’s Board of Directors.
Dubai: Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the Dubai International Financial Centre, has issued Directive No. (5) of 2020, appointing...
The coalition of crude producers gathers on Monday to assess the state of the market
Dubai: When OPEC and its allies met last month, Saudi Arabia’s energy minister dared oil speculators to test his determination to stabilize global markets.
Now that...
Dollar declines could give a boost to non-oil industries once the pandemic eases
Dubai: More than a decade ago, Gulf Arab nations struggled to preserve their currency pegs as the dollar went into retreat. This time, the link to a...
The GCC gaming market has followed alongside the rapid global expansion and is expected to hit $821 million by 2021 from $693 million in 2017
Social distancing measures have meant that many residents in the UAE are opting to spend...
UAE says Opec+ 2021 oil supply boost going ahead as planned.
World oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise, Opec said on Tuesday, adding to headwinds faced by the group and its...
Gas demand is expected to grow by approximately 3.8 to four per cent on average compared to six per cent in 2019
Investments in the Middle East and North African region's gas sector have shown a steady surge to reach...
Creditors, mainly Indian public sector banks, took over Jet in early 2019 but failed to keep it operating as its cash crunch grew.
A consortium comprising a UAE-based entrepreneur and Kalrock Capital was given the final go-ahead to rescue the...
