Press Dossier   By Date  19/01/2021
Dubai to add 39,000 home units in 2021
Dubai’s realty sector, which witnessed a surge in the supply of residential units year-on-year in 2020 regardless of the disruptions caused by the pandemic, is expected to add 39,000 units in 2021.
Emirates to trial special Covid-19 travel pass
Emirates has partnered with the International Air Transport Association (IATA) to become one of the first airlines in the world to trial IATA Travel Pass – a mobile app to help passengers easily and securely manage their travel in line with any government requirements for Covid-19 testing or vaccine information.
Flying amid Covid: UAE airline launches 'digital passport'
The International Air Transport Association (IATA) and Etihad Airways, the national airline of the UAE, today announced a partnership to launch the IATA Travel Pass for Etihad Airways’ guests.
Assets of Abu Dhabi, Dubai banks rise to Dh2.95 trillion
The total assets of banks in Abu Dhabi and Dubai surged to nearly Dh2.947 trillion in seven months to the end of November of 2020 from Dh2.897 trillion recorded at the end of April, according to data from the Central Bank of the UAE.
Ataa Educational signs acquisition deal to buy 52% in Al Wasat National Schools
Ataa Educational Co. signed a 52 percent acquisition agreement with Al Wasat National Schools for Training and Education Co. (a limited liability firm), in exchange for land presented by Ataa, by transferring of land ownership in favor of Al Wasat National Schools (the subject of acquisition).
$480m fund launched to build hotel resort at King Abdullah Economic City
A $480 million fund to build a luxury resort at King Abdullah Economic City (KAEC) has been launched.
Dubai hotels target workation, staycation markets
Dubai hotel occupancy last month hit its highest level since the start of the coronavirus pandemic, with many operators putting some of the rebound down to workations, where working remotely is combined with a stay in a hotel or resort.
Bahrain’s Arab Banking Corporation buys BLOM Egypt
Bahrain’s Arab Banking Corporation (ABC) is to buy 99.4 percent of BLOM Bank’s Egypt subsidiary, subject to regulatory approvals in both countries, with the deal likely to be finalized in the first half of this year.
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