Friday, November 22, 2019
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Tag: Middle East

Emirates NBD; gulf bank mergers; uae bank

Emirates NBD raises AED 6.45 billion in rights issue oversubscribed 2.8 times

Dubai's largest lender Emirates NBD Bank raised an additional capital of AED 6.45 billion by issuing new shares with an over-subscription of approximately 2.8 times. The net...
oil field

OPEC’s flaring political crises add new risk for oil supplies

(Bloomberg) --OPEC may have no appetite to cut oil production deeper when it meets next month, but flaring political crises across the group are...

Fleet size of carriers serving UAE to rise threefold by 2038: Airbus report

The fleet size of operators from all regions serving the UAE is forecast to nearly treble to some 1,730 aircraft by 2038 from around...
dubai, MENA

IMF Says Mideast Markets Twice as Sensitive to Global Risk as Emerging Markets

(Bloomberg) -- Markets in the Middle East and Central Asia may have more to lose from a shift in global risk sentiment than other...
Data Centre spend across MENA estimated to hit US$5bn in 2019

GCC data economy worth $4.7 billion, reveals new study

Dubai: Data economy, which is still in the early stages in the Gulf Cooperation Council (GCC), is estimated to be worth $4.7 billion -...

Standard Chartered names regional CIO for Africa and Middle East, Islamic Banking

Mohamed Abdel-Hamid Abdel-Razek has been appointed as Standard Chartered's Regional Chief Information Officer (CIO) for Africa and Middle East (AME) and CIO for Islamic...

Oman among 10 rising stars of global trade, says Standard Chartered study

The Sultanate is among the top 10 markets that have most rapidly improved their trade growth potential over the past decade, according to new...

Amin solar plant in Thumrait appoints Enertis as Owner’s Engineer

Global Engineering consultancy Enertis has been appointed as the Owner's Engineer for the 100MW Amin photovoltaic (PV) solar plant, touted to be the first...
opec building

OPEC+ Meets in Abu Dhabi With Deeper Cuts Off the Agenda for Now

(Bloomberg) -- Deeper oil-production cuts aren’t on the agenda as OPEC+ ministers gather in Abu Dhabi, but there’s growing concern about the strength of...

US-China trade war: Middle East air freight volumes see sharp decline

An International Air Transport Association (IATA) data report shows that the global air freight market contracted by 3.2% in July this year, compared to...

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