Braskem has received a joint offer from the ADNOC and Apollo Global to purchase the company for $7.6 billion.
The potential acquisition of Braskem by ADNOC and Apollo is shaking up the petrochemicals industry.
Alpha Dhabi’s net profit of Dh7.3 billion is being attributed to the success of its growth strategy.
Alpha Dhabi has reported a strong set of Q1 2023 financial results.
Dubai’s Emirates is preparing for an expected increase in summer travel.
Emirates’ commitment to sustainability and innovative practices is a crucial aspect of its operations, as it sets an example for the aviation industry as a whole.
The UAE and US are examining potential investment prospects as part of their push towards clean technology.
visit by a senior delegation from the UAE to Texas, led by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, with the aim of identifying new investment opportunities and collaborations for private-sector companies us
The ‘window to the world’ concept under the CEPA is proving to be effective for Indian businesses in the UAE.
The CEPA between India and the UAE has opened up new avenues for Indian businesses in the UAE.
According to S&P Global Ratings, the growth of the Islamic finance market will be supported by the Saudi banking system.
Green and sustainable sukuk to drive growth in the Islamic finance market, with global green, social, and sustainability bond issuance reaching a record high of $298 billion
National Holding has acquired a 7.6% stake in ADIB from Mubadala.
National Holding, an Abu Dhabi-based investment firm, has acquired a 7.6% stake in Abu Dhabi Islamic Bank (ADIB) from Mubadala Investment Company, Abu Dhabi’s second-biggest sovereign wealth fund. The transaction was carried out by Emirates International Investment Company (EIIC), the strategic investment arm of National Holding. The move brings EIIC’s total shareholding in ADIB to […]
Weekly real estate transactions in Dubai have reached Dh10.4 billion, according to records.
The recent recovery in Dubai’s real estate market, as weekly transactions reach Dh10.4 billion, according to figures released by the Dubai Land Department (DLD).
May 4, 2023
The Disruptive Rise of Fintech: Impact on Traditional Banking in the UAE
The UAE has always been at the forefront of embracing new technologies and innovations, and fintech is no exception. In recent years, the country has witnessed a surge in the number of fintech startups, which are redefining the way people access financial services. Fintech has been a game-changer for the traditional banking sector, forcing it […]
Dubai Aerospace Enterprise records a profit surge of 49% at $69.2 million.
Dubai Aerospace Enterprise (DAE) has reported a 49% increase in profit before exceptional items at $69.2 million in the first quarter of 2023.