Thursday, July 9, 2020

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Dubai Tourism, Dubai Land Department ink strategic pact

Dubai Tourism and Dubai Land Department have joined hands to promote Dubai’s real estate and tourism sectors. Both entities signed a Memorandum of Understanding...

twofour54 Abu Dhabi board appoints Michael Garin as CEO

Global media leader Michael Garin has been appointed as CEO of the thriving media and entertainment hub, twofour54 Abu Dhabi. The position had fallen vacant...

IMF Trims Global Economic Outlook, But Tones Down Risk Warnings

(Bloomberg) -- The International Monetary Fund predicted the world economy will strengthen in 2020, albeit at a slightly weaker pace than previously anticipated amid...

Mubadala-backed Alcazar Weighs Sale of Egypt, Jordan Assets

(Bloomberg) --Alcazar Energy Ltd., backed by Abu Dhabi’s Mubadala Investment, is preparing the sale of some of their solar and wind assets in Egypt...

Oil Holds Biggest Weekly Drop Since July on Easing Gulf Tension

(Bloomberg) --Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back...

Oil Set for Biggest Weekly Loss Since July as Middle East Risk Fades

(Bloomberg) --Oil headed for its largest weekly loss since July as the prospect of an immediate confrontation between the U.S. and Iran abated, allaying...

Turkish Stocks Enjoy World’s Biggest Rally on Fading Iran Fears

(Bloomberg) --Turkish stocks rose the most among all major equity markets worldwide on Thursday as investors’ concerns over a possible escalation in tensions between...

Gulf Capital to Buy Middle East Fertility Clinics in $100 Million Deal

(Bloomberg) --Gulf Capital PJSC is poised to buy three fertility clinics in the Middle East from IVIRMA Global in a deal worth about $100...

Dubai’s Amanat Holdings Weighs Acquiring VPS Healthcare Stake

(Bloomberg) --Amanat Holdings PJSC, the Dubai-based investment firm, is considering acquiring a stake in Middle Eastern hospital operator VPS Healthcare LLC, people with knowledge...

Saudi Aramco Props Up Slumping Middle East Energy Debt Market

(Bloomberg) --Gulf Arab energy companies took on marginally more total debt in 2019 compared with the previous year, but the increase was skewed by...