Articles
Global gold demand dives to 11-year low amid Covid-19 headwinds
Physical sales fall on movement disruption and higher prices as investor appetite soars
Agthia Group buys Kuwait’s Al Faysal Bakery and Sweets
The acquisition will strengthen the company’s regional footprint and diversify its product portfolio
Hikma in talks to buy GlaxoSmithKline’s Egypt subsidiary
Transaction will result in the creation of the biggest drugmaker in the Arab region’s second-largest economy
Off-plan Dubai properties remained most popular among investors last year
Popular communities in the emirate saw price declines between 2% and 10%, according to Bayut and dubizzle
Music streaming service Anghami to set up global headquarters in Abu Dhabi’s Hub71
The Abu Dhabi Investment Office will provide financial and non-financial incentives to the company through its Dh2bn Innovation Programme
UAE-Israel consortium appoints Moelis & Company to advise on Finablr restructuring
The group has been funding urgent working capital needs to help the payments company operate and support its creditors and employees
Cryptocurrencies could replace gold as a store of value, Bank of Singapore says
Digital currencies are no substitute for fiat currencies as a medium of exchange, lender says
All Boeing planes set to fly on 100% sustainable fuels by 2030
Plane maker has conducted successful test flights replacing jet fuel with sustainable fuels
UAE’s non-oil trade volume may grow 12.9% this year, Dubai Chamber says
Country’s non-oil maritime transport sector expected to recover in 2021, supported by positive global economic trends
Sharjah attracts $220m of foreign investment in 2020
Inflows into 24 projects helped to create 1,117 new jobs in sectors such as medical equipment manufacturing, life sciences, e-commerce, FinTech and logistics
Health, jobs and environment rank as top personal worries, WEF survey finds
Most adults are optimistic about technology, digital tools and training over the next 12 months
IMF calls for reforms in Tunisia to reduce fiscal deficit
North African country must control its wage bill, energy subsidies and transfers to state-owned enterprises, Washington-based lender says
Telecom and retail businesses drive Reliance Industries’ profit higher
Revenue falls as operating conditions remain 'challenging' and fuel retail business transfers to joint venture with BP
Emirates NBD sees digital money transfers increase 20% in 2020
Customers increasingly switched to online platforms to avoid visiting physical branches amid the pandemic
Dubai built more high-rises than any other city in 2020
The emirate had 12 buildings taller than 200 metres, dislodging Shenzhen which had topped the list for four years
