Dubai-based services company aims to seek public listing once integration of Canadian contractor’s oil and gas unit is complete …
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Kentech sets sights on IPO after deal to buy SNC-Lavalin’s oil and gas business
Dubai-based services company aims to seek public listing once integration of Canadian contractor’s oil and gas unit is complete …
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UAE’s Kentech Agrees to Buy Energy Unit of Canada’s SNC Lavalin
Canada’s SNC-Lavalin Group agreed to sell its oil and natural gas services business to Kentech Corporate Holdings Ltd., as the Dubai-based firm seeks to expand in markets such as the U.S. and Saudi …
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UAE Central Bank Sees Strong Rebound as Use of Covid Fund Drops
The United Arab Emirates’ central bank stood by its forecast for a return to growth in 2021 after lower crude prices and pandemic restrictions hit the Arab world’s second-largest economy.
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Banks reduce usage of UAE central bank stimulus package, governor says
Banks in the United Arab Emirates have reduced their use of a central bank stimulus scheme aimed at supporting liquidity during the COVID-19 pandemic, the central bank governor said. DUBAI, Feb 9 …
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Commercial Bank of Dubai Goes Live on UAE KYC Blockchain Platform
Commercial Bank of Dubai (CBD) has announced its go-live on the UAE KYC Blockchain Platform, an initiative which facilitates secure digital customer onboarding, instant bank account functionality, …
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Emirates Islamic launches new Business Banking centres in Dubai
UAE Islamic financial institution, Emirates Islamic, has expanded its Business Banking centre network to support small and medium enterprises.
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Emirates Islamic expands services to SMEs in UAE
Emirates Islamic, a leading Islamic financial institution in the UAE, has expanded its Business Banking centre network to support small and medium enterprises (SMEs) by launching two new facilities in …
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UAE’s top bank to debut in euro market amid Gulf bonds deluge
First Abu Dhabi Bank (FAB), the biggest lender in the United Arab Emirates, is planning a debut euro-denominated bond issuance, a document showed on Monday, the latest Gulf issuer to raise capital …
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Asia Distillates-Gasoil refining profits surge to over 6-month high
Asian refining margins for 10 ppm gasoil rose to their highest level in over six months on Monday, supported by a steady demand in India and China, while upcoming spring turnarounds at regional …
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UAE’s Masdar eyes further growth in US clean energy market after EDF deal
Masdar achieves first closing on the acquisition of 50% of a 1.6GW clean-energy portfolio of projects in the United States …
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UAE’s Utico plans IPO in 2021
Utico says its advisors are in negotiations to list the company through an Dh3bn valuation IPO in Dubai later this year …
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Dubai’s DIFC, Tradeling to accelerate evolution of region’s B2B digital ecosystem
Dubai International Financial Centre (DIFC) penned an agreement to provide Tradeling, the hyper-growing eMarketplace focused on business-to-business (B2B) transactions in MENA, a platform to speed up …
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UAE’s GDP contracted 7.7% in 2020
The UAE’s economy might have contracted by as much as 7.7 per cent in 2020, the steepest decline estimated for the GDP so far, with the core economic sectors — the hydrocarbon, tourism and retail …
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Anglo-Gulf Trade Bank Disrupts Global Trade Banking with Fenergo
The world’s first digital trade finance bank, Anglo-Gulf Trade Bank (AGTB) Limited (“AGTB”), based in the United Arab Emirates (UAE), …
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UAE ranks first regionally and fourth globally in the Global Entrepreneurship Index 2020
UAE has outperformed many of the major global economies such as the US, Canada, the UK, Australia, EU countries, China, Japan and South Korea in the overall rankings of the index …
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Dubai-based streaming service Starzplay receives $25 mln funding
The Dubai-based online streaming platform will use the funds from Ruya Partners to further strengthen the company’s geographic and customer reach as well as to acquire and produce original content, …
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