BA] and Dubai Aerospace Enterprise (DAE) today announced the aircraft lessor is growing its 737 MAX portfolio with an order …
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Abu Dhabi’s TAQA gives initial guidance for dollar bonds – document
It gave initial guidance of around 110 basis points over U.S. Treasuries for a seven-year tranche and around 3.75% for a 30-year Formosa portion …
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UAE’s Emirates Islamic Bank post 37% rise in Q1 net profit
UAE-based lender Emirates Islamic Bank has posted a Q1 2021 net profit of Dhs212m, up 37 per cent year-on-year from the corresponding period last year, due to lower costs and lower impairment …
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Pakistan gets US$ 2 billion roll-over from UAE
Pronouncing the United Arab Emirates’ (UAE) decision to roll-over the US$ 2 billion deposit by the Abu Dhabi Fund, the UAE Foreign Minister His Highness Sheikh Abdullah bin Zayed Al Nahyan has …
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Qureshi, UAE FM agree to strengthen cooperation in diverse areas
Foreign Minister Shah Mahmood Qureshi and foreign Minister of United Arab Emirates Sheikh Abdullah bin Zayed Al Nahyan have reaffirmed their desire to further strengthen cordial relations between …
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Paskistan, UAE agree to strengthen trade relations
Paskistan and United Arab Emrites have agreed to exchange business delegations to promote bilateral trade and economic cooperation in different fields. The agreement was reached in a meeting between …
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Dubai apartment rents down 18.4% in the first quarter of 2021
Housing costs in Dubai continued their downtrend in the first three months of the year, with overall residential rents falling by an average of 11 percent compared to last year, data from real estate …
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Dubai CommerCity launches 1st phase of new facilities
Dubai CommerCity (DCC), the first dedicated e-commerce free zone in the Middle East, North Africa and South Asia (Menasa) regions, has launched 470,000 sq ft of new facilities as part of its first …
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UAE Trade Connect’s digital trade platform goes live with 7 banks
One of the first commercialised blockchain applications in the country, the platform will create an ecosystem for multiple trade-related entities …
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Abu Dhabi issues two PPP tenders to private sector
Abu Dhabi is launching two major infrastructure public-private partnership (PPP) projects under the Partnership Projects framework issued by the Abu Dhabi Investment Office (ADIO). Potential bidders …
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COVID-19: Indian expats put off travel from UAE to India because of the double mutant strain back home
Dubai: Indian expats in UAE are putting off travel to India over fear of the double mutant variant of coronavirus currently sweeping their home country. Gulf News spoke to Indian expats about their …
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UAE rolls back repayment of $2 billion loan
The UAE has extended the repayment of a $2 billion deposit given to Pakistan by the Abu Dhabi Fund for Development (ADFD) in January 2019 to boost liquidity and help overcome financial crisis faced by …
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The Majority Of UAE Professionals Want Virtual Working Environments To Remain In Post-pandemic Era
COVID-19 has had a positive impact on work practices in the United Arab Emirates (UAE) overall, and a large percentage of professionals across various s …
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UAE central bank extends stimulus measures until mid-2022
As part of that, banks will continue to be eligible to access a collateralised 50 billion dirhams ($13.61 billion) zero-cost liquidity facility until June 30 next year to provide loans to individuals …
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UAE expresses solidarity with Egypt over deadly train crash
The UAE has expressed solidarity with Egypt over the Al Qalubia train derailment, which resulted in injuries and fatalities. The Ministry of Foreign Affairs and International Co-operation in a …
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UAE’s G42 sets up data JV with Israel’s Rafael
Group 42 signed an agreement with Rafael to form Presight.AI and plans to establish a research and development center in Israel …
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UAE extends $2b loan repayment deadline for Pakistan
The United Arab Emirates (UAE) on Tuesday granted Islamabad an extension on the due date of the payment of a $2 billion loan given to Pakistan in 2020. The development …
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