Etihad Airways and China Southern Airlines have signed a Memorandum of Understanding (MOU) to explore opportunities for cooperation between the two airlines.
Fairmont, one of the world’s leading luxury hotel brands, has relocated its headquarters from Paris to Dubai, in a move that reflects the growing importance of the Middle East in the global hospitality industry.
Dolce&Gabbana and Dar Global have teamed up to launch a new luxury resort in the Maldives, featuring villas and suites in the signature Dolce&Gabbana style, plus amenities such as a spa, restaurants, and bars.
The Chairman of UBS, Axel Weber, has revealed that the integration of Credit Suisse may take up to four years. This comes in the wake of the fallout from the Archegos Capital Management and Greensill Capital crises, which hit the two Swiss banks hard. In a recent interview, Weber stated that the “Credit Suisse case […]
ADNOC is preparing for an IPO of its logistics unit, ADNOC Logistics & Services (ADNOC L&S), to raise about $1 billion and support its ambitious growth plans.
The agreement between Baghdad and Irbil to resume oil exports from northern Iraq is a positive development for Iraq and the global oil market.
Borouge, a joint venture between the Abu Dhabi National Oil Company (ADNOC) and Austria’s Borealis, has announced plans to invest in a new facility in East Africa.
The signing of the MoU between the DFSA and CBB is expected to help promote greater economic and financial ties between the UAE and Brunei Darussalam, and to enhance the regulatory framework for the banking and financial services industry in both countries.
Al Ansari Financial Services has been experiencing strong growth in transaction volumes, attributed to the UAE’s robust economy and increasing popularity of digital financial services. The company has been investing heavily in digital technologies and offering innovative solutions that cater to modern consumer needs.
The UAE has been grappling with inflation for several years, and experts predict that the country will experience a drop in inflation this year. Factors contributing to the expected decline include the impact of the COVID-19 pandemic, the recent strengthening of the UAE dirham, and government initiatives aimed at reducing the cost of doing business.