Thursday, August 6, 2020

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5G technology in UAE & MENA

How 5G is Ushering in a New Era for Businesses in UAE

The wait for 5G ended in UAE when the telecom leader Etisalat launched the country’s first 5G-enabled smartphone ZTE Axon Pro10, on June 4....
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du telecom sim

UAE Wealth Fund Boosts Telecom Operator Du Holding With $630 Million Stake

The United Arab Emirates’ sovereign wealth fund boosted its stake in Dubai-based telecom operator Du, snapping up a stake valued at about $630 million. The...
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Emirates NBD; bonds; UAE

Second Merger Wave May Hit UAE Lenders

(Bloomberg) -- Banks in the United Arab Emirates may go through a second wave of consolidation as lenders seek to improve profitability and tackle...
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Dubai islamic bank; noor bank; dubai

Dubai Islamic Bank Board Recommends Buying Local Competitor

(Bloomberg) -- Dubai Islamic Bank PJSC is proceeding with plans to acquire a smaller local rival as the United Arab Emirates’ biggest Islamic lender...
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dubai, MENA

Airline Cargoes Filled With Meat as Gulf Route Transforms Trade

(Bloomberg) - Passengers flying from Melbourne to the Gulf are almost certainly flying along with sheep carcasses down in the hold. The strong demand for sheep...
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arqaam; dubai stocks; dubai deflation

U.A.E. Central Bank Turns More Downbeat on 2019 Outlook Than IMF

(Bloomberg) - Economic growth in OPEC’s third-biggest producer this year will fall far short of previous estimates and could undershoot the latest projections from the International Monetary...
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jebel ali free zone

Dubai Free Zone to Refund $354 Million in Fees to Spur Economy

(Bloomberg) -- Dubai’s main port and biggest free zone authority plans to return 1.3 billion dirhams ($354 million) in cash and bank guarantees to...
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dubai property market; uae real estate developers; property markets;

Damac Sees Profit Sink 94%

(Bloomberg) -- Profit at Dubai-based Damac Properties plummeted in the first quarter as the company grapples with a slowdown in demand for real estate in...
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arqaam; dubai stocks; dubai deflation

Dubai Stocks Shift From World’s Worst to Best in 24 Hours

(Bloomberg) -- Investors in Dubai’s equities might be feeling whiplash after the main index went from the day’s worst performer worldwide to the biggest...
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Careem Networks FZ, the Middle Eastern ride-hailing company recently snatched up by Uber Technologies Inc., is expanding in Saudi Arabia with a bus transport service

Careem Offers Bus Hailing to Pilgrims

(Bloomberg) -- Careem Networks FZ, the Middle Eastern ride-hailing company recently snatched up by Uber Technologies Inc., is expanding in Saudi Arabia with a...
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