Press Dossier   By Date  07/01/2021
Emaar sells Sky View Hotel, retains ownership of sky bridge restaurant
Emaar Properties on Wednesday confirmed the disposal of 100 per cent of the shares of its subsidiary ASV Group, which is the owner of the 169-key Sky View hotel, in transaction valued at Dh750 million.
Salary increase, more jobs expected in Gulf in 2021
For job-hunters, 2021 promises to be a year of fulfillment with a survey showing that 64 per cent of the companies in the GCC expect to recruit additional headcount over the next 12 months.
Dubai benchmark gained for a third successive session
Activity in the UAE’s non-oil private sector grew in December as its Purchasing Managers’ Index, which covers manufacturing and services, rose to 51.2 in December from 49.5 in November, a survey showed.
World Bank tips fragile recovery for Mena in 2021
The World Bank on Tuesday predicted a moderate economic recovery for the Middle East and North Africa (Mena) region in 2021, while highlighting the many challenges still posed by the coronavirus pandemic.
Oil rises to 10-month high after Saudi output cut, US inventory draw
Oil prices extended gains on Wednesday, rising to their highest since last February, after Saudi Arabia announced a big voluntary production cut, and as US crude inventories declined in the latest week.
Saudi Ministry of Finance signs $3bn Korean financing agreement
The Ministry of Finance (MoF), represented by the National Debt Management Center (NDMC), on Wednesday announced the signing of a long-term financing agreement with the Korea Trade Insurance Corporation (K-SURE).
Export companies set for early boost from resumption of Saudi-Qatari trade
The normalization of Saudi-Qatari diplomatic and trade relations will have benefits for both countries, especially for the aviation industry and Saudi export-focused sectors, business experts claim.
Dubai launches fifth stimulus economic package to support businesses under pandemic
The emirate of Dubai announced Wednesday its fifth economic stimulus package in a bid to support economic and business sectors affected by the coronavirus pandemic.
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