Press Dossier   By Date  12/09/2020
Leading UAE group to hire hundreds of employees
Dubai's Al-Futtaim Group will open 100 stores of health and beauty retailer Watson and will recruit hundreds of employees for this new franchise.
UAE makes the switch to digital payments
Cash is set to take a tumble from its long-held position as the most preferred mode of payment in the UAE, with digital payments witnessing a steady surge in popularity amongst shoppers, industry leaders said at the DigiPay 2020: The Future of Digital Payments Summit.
Central banks need to step up digital game
The governor of the Central Bank of the UAE highlighted the important role of central banks in mitigating the repercussions of the Covid-19 pandemic in economies and underlined the structural trends in the banking and financial industry accentuated by the present crisis.
Bahrain and Israel to establish 'full diplomatic relations'
Bahrain joined the United Arab Emirates in striking an agreement to normalize relations with Israel on Friday, a dramatic move aimed at easing tensions in the Middle East.
Vodafone may reconsider price of Egypt sale to Saudi Telecom
Vodafone may reconsider the planned sale price of its Egyptian unit to Saudi Telecom Co. (STC) in the light of changing economic realities, according to sources familiar with the deal.
Saudi energy think tank develops oil shock analysis model
A Saudi energy think tank has devised an analytical model which examines how oil price shocks affect individual countries.
Saudi Electricity mulls green bond sale amid Arab debt push
Saudi Electricity plans to hold investor calls this week ahead of a potential green Islamic bond sale.
Abu Dhabi-based tourism business to modernize three hotels in Egypt
Abu Dhabi Tourism Investment Company (ADTIC) has announced plans to refurbish its three hotels in Egypt. It is part of a strategy designed to help the business cash in on the major post-pandemic recovery it expects in the country’s tourism sector.
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