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The lender warned that building consumer confidence and opening up in a phased manner would be crucial in ensuring the resumption of UAE’s tourism sector.
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The company said downward movement on valuations was driven by the dual pressures of a softening real estate market and pandemic-induced economic pressures.
The completion of the expansion works, which commenced three years ago, will increase the terminal’s general cargo throughput to 1.3 million tonnes.
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Dewa to invest Dh7 billion in Smart Grid programme.
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The marine subsidiaries of national oil companies have ambitious fleet expansion programmes to meet the oil, gas, petrochemicals transportation requirements of their parent companies.
