Aramco receives clearance on proposed 70% acquisition of Sabic
The European Commission has granted unconditional clearance on the acquisition but is subject to remaining customary closing conditions
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Dubai’s first KYC blockchain data-sharing platform goes live
The platform is launched by Mashreq Bank and Dubai International Financial Centre
Dubai Port seeks partnership with Pelindo IV to develop Ambon’s new port
Dubai Port is also interested in collaborating with Pelindo IV for the development of the Yos Sudarso Port in Ambon
UAE’s four largest banks’ profitability to remain strong in 2020
The combined net profit of the four banks increased 13 percent to Dh37 billion last year
American Airlines, Qatar Airways end major spat; renew codeshare deal
The spat was caused over accusations of unfair subsidies worth as much as $25 billion
Nigeria selects Egypt Air consortium to set up leasing company
The decision is a part of the Nigerian government’s plan to overhaul the aviation sector in the country
Saudi’s telecom operators, ISPs to boost next-gen FTTH connectivity
The two parties have signed an open access agreement to ensure availability of fibre to the home services in the Kingdom
Saudi’s Esnad launches property management firm in Bahrain
The firm will provide end-to-end consultancy services targeting individuals, investors and corporates
RAKBANK to join RippleNet to drive Philippine remittance footprint
RAKBANK will work with BDO Unibank to power remittance transactions throughout the Philippines
Philippines seeks partnership with Qatar on Islamic banking development
The partnership will help broaden the scope for new Islamic products and services in the market