Articles
Emaar founder to head UAE's first digital bank
Mohamed Alabbar will be chairman of Zand that will simplify banking and cater to corporate and retail customers
Abu Dhabi's IHC completes 45% stake purchase in Alpha Dhabi Holding
The transaction follows the IHC board meeting disclosure on March 4, 2021
Mena region faces a ‘turning point’ and needs to press on with reforms as it recovers from pandemic, IMF says
Region's debt increased and financing needs for this year and next will reach $1.1tn, $300bn more than the previous two years, IMF official says in interview with The National
Saudi Aramco signs $12.4bn pipeline deal with EIG-led group
Investor group buys 49% stake in newly formed venture Aramco Oil Pipelines Company, which will lease usage rights of a crude oil pipeline network over a 25-year period
Sheikh Khalifa appoints Khaled Al Tameemi as governor of Central Bank of the UAE
The regulator also extended the Dh50bn Targeted Economic Support Scheme until the end of the year
IMF raises global economic forecast but warns of uneven recovery and daunting challenges
The growth outlook depends on the outcome of the battle between the virus and vaccines
Emirates Development Bank to provide Dh30bn in financing to help boost industrial sector
The financing will stimulate various sectors, help nurture and back 13,500 companies and create 25,000 jobs
Syrian politician turned opposition figure Abdul Halim Khaddam dies
The former vice-president fled his homeland in 2005 after his friend Rafik Hariri was assassinated
Oil surges after attack on storage terminal in Saudi Arabia
Main oil benchmarks rose by more than 2% after drone and missile strikes in kingdom on Sunday
Oil prices rally to highest since 2019 after Opec+ extends output curbs
Brent may trade as high as $80 a barrel in the second half of 2021, analysts say
Saudi Arabia's PIF launches $3bn tourism and infrastructure venture
The planned developments in the mountain destination of the Asir region will include 2,700 hotel rooms, and 30 commercial and entertainment attractions
Sheikh Ahmed Zaki Yamani: Longest serving Saudi energy minister, dies at 90
Once a hostage of Carlos the Jackal, the former official led the energy ministry for more than two decades and was an architect of the kingdom's oil policies
PIF-backed Lucid Motors to go public at $24bn valuation
Tesla's rival electric vehicle manufacturer is going public through a $11.8bn merger with special purpose acquisition company Churchill Capital Corp IV
Boeing calls for grounding of 777s using one engine model
FAA plans increased inspections of wide-body jets equipped with certain Pratt & Whitney PW4000 engines
Technology and green infrastructure investment can boost Mena recovery, IMF says
Regional disparities on vaccine plans require cooperation and active policies to avoid prolonging the crisis or uneven recovery
