Airline carried 13.3mln less passengers in 2020 compared to 2019 UAE’s Etihad Airways is looking to complete its turnaround strategy to be profitable in 2023 even after a turbulent year that cut passenger revenues by more than half. The number of travellers that flew with the...

Initial price guidance was around 3.875% for the 12-year bonds and between 4.875% and 5% for the 30-year paper DUBAI- The Emirate of Sharjah is expected to raise around $1 billion on Wednesday in a two-tranche bond issue of 12 and 30-year paper, a document from one of the banks...

Over a dozen individuals were arrested for gathering in one of the unlicensed sandy squares in Sharjah to play cricket in addition to their violation of the coronavirus preventive and precautionary measures. The security inspection teams in charge of following up the implementation of the...

New fund is second to be launched by asset management firm in less than a year UAE-based asset management firm Chimera Capital listed its exchange-traded fund (ETF) on the Dubai Financial Market (DFM) on Wednesday. The Chimera S&P UAE UCITS ETF has been designed to track the...

Joint venture will set up investment platform that will target $400mln in capital deployment Dubai-listed National Central Cooling Company (Tabreed) and the World Bank’s private sector arm, International Finance Corporation (IFC), are looking to set up an investment platform that will...

225,159 tests conducted over the past 24 hours ABU DHABI - The Ministry of Health and Prevention (MoHAP) announced that it conducted 225,159 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. ‏In a statement on Tuesday, the Ministry...

Total commercial debt issuance across EMEA to remain elevated at $571bln Sovereign borrowings in the UAE and Saudi Arabia will remain elevated this year, although slightly down by just $6.6 billion to $51.4 billion, according to the latest analysis by S&P Global Ratings. Gross...

Market heading for V-shaped recovery, says industry source Hotels in the UAE and around the Middle East are heading for a V-shaped recovery after putting up a “sterling performance” compared to their global peers last year, an industry source said on Tuesday. According to STR...

Oil-rich Abu Dhabi manages more than $1trln in sovereign wealth capital DUBAI- Abu Dhabi's state holding company ADQ is worth $110 billion, sovereign wealth fund tracker Global SWF said - the first publicly available estimate of ADQ's assets under management. Established in 2018,...

The Dubai-based developer currently owns a 20% stake in the subsidiary Dubai’s DAMAC Properties PJSC has announced that its board will consider increasing its stake in part-owned subsidiary DAMAC International Limited. The company announced today to Dubai Financial Market (DFM)...