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 ... ( read original story ...)
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 ... ( read original story ...)
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 ... ( read original story ...)
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 ... ( read original story ...)
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 ... ( read original story ...)
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 ... ( read original story ...)
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 ... ( read original story ...)
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 ... ( read original story ...)
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 ... ( read original story ...)
China’s crude oil imports from Saudi up 8.8% y/y in March, UAE shipments jump
China's crude oil imports from top supplier Saudi Arabia rose 8.8% in March from a year earlier, driven by strong demand and as shipments delayed due to a port congestion finally arrived. ( read original story ...)