Browsing: Business

Prior to 2019, ICO’s were the significant method of implementing cryptocurrencies into the financial marketplace. This trend soon moved towards blockchain based cryptocurrency in 2020. DeFi, or decentralized finance, is the next phase of digital finance and a global trend

DP World has begun operation of the Multipurpose Terminal (MPT) at the Port of Luanda. The MPT was handed over to DP World Luanda by Porto de Luanda, following the 20-year concession agreement signed in January by António Bengue, Chairman

Emirates Steel has announced its plans to add Hot Rolled Coils (HRC) to its wide-range products portfolio so that it can mainly meet the needs of the local and regional markets of the high-quality flat products. Emirates Steel is currently

Abu Dhabi Commercial Bank PJSC (ADCB) has signed an agreement to acquire a portfolio of approximately 1,000 mortgages from Abu Dhabi Finance PJSC (ADF). The transaction provides further growth for ADCB’s retail and SME businesses in line with the Bank’s

Thought leadership research firm TrendCandy announced a forecast of top business trends for 2021 based on research conducted in 2020. TrendCandy surveyed tens of thousands of people on various topics including chatbots, open offices, COVID, political division, small businesses, career

Etisalat Group announced on Tuesday, 23 February that its twelve month ending 31st December, 2020, consolidated revenues reached AED51.7 billion, while consolidated net profit after Federal Royalty amounted to AED9 billion, an increase of 3.8 percent compared to last year.The

The United Arab Emirates is a long-time partner that has supported Japanese economy and society, and economic relations remain robust with US$22.4 billion bilateral trade in 2020, according to a top Japanese official. Source Emirates News Agency (WAM). “As one

Dubai’s real estate market recorded 3,300 sales transactions worth AED6.74 billion in January 2021, a growth of 15.5 percent in terms of transaction number and 37 percent in terms of value compared to January 2020, according to the 11th edition

Dubai International Financial Centre has welcomed global payment technology provider Adyen, a company that has a market capitalization of €66.4 billion and processed over €303.6 billion worth of transactions in 2020. Dutch firm Adyen announced their expansion into the Middle

Investcorp, a Bahrain-based asset manager that counts Mubadala Investment Company as its biggest shareholder, on Monday announced that one of Investcorp’s affiliates has acquired a portfolio of 13 multi-let industrial assets in South Wales. The acquisition continues Investcorp’s strategy of