Travelex and others under UAE billionaire Bavaguthu Raghuram Shetty’s newly formed holding company Finablr are preparing for a London initial public offering (IPO). The company announced yesterday that the financial brands will come together under a new …
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UAE expats fuel India remittance growth
In 2018, remittances to the region will likely grow modestly by 2.5 per cent to $120 billion.” Promoth Manghat, CEO of UAE Exchange Group, told Gulf News on Tuesday that the year’s forecast seems accurate given rebounding remittance figures.
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40 UAE firms bag business excellence award
As many as 40 companies across the UAE have been awarded Dubai Quality Award (DQA), Dubai Human Development Award (DHDA) and Dubai Service Excellence Scheme (DSES) for their outstanding pursuit of excellence during 2017. Held under the patronage of His …
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ICBC leads US$1.5 billion loan for Dubai solar project
INDUSTRIAL and Commercial Bank of China (ICBC) has been mandated as lead arranger for a US$1.5 billion senior loan to help finance the fourth phase of the Mohamed bin Rashid Solar Park in Dubai. ICBC will be joined on the syndicate by Bank of China and …
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Blood money spares 5 Indians death penalty in UAE
Dubai: Five Indians, who were spared death penalty for murdering … who is known for rescuing many from death penalty by paying blood money to the victims’ families. Speaking to Gulf News from India, Oberoi said he took up the case of the youngsters …
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Dubai South in push to attract investors
The initiatives are in line with the plan announced by the Dubai government earlier this month to stimulate economic growth and reduce the cost of doing business in the emirate. Dubai South said in a statement its initiatives will be implemented immediately.
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Dubai South launches initiatives to spur private sector investment
The initiatives follows directives of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to stimulate economic growth and reduce the cost of doing business, state news agency WAM reported on Tuesday. Dubai South …
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Renovated grand house in Sharjah opens doors for visitors
Sharjah: The fortunes of the pearl trade and a way of life now lost have been encapsulated in Bait Al Naboudah (Home of Naboudah), the grand house of one of Sharjah’s most successful pearl merchants, which has reopened as a museum. After restoration …
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UAE’s grant will help fight malaria in Africa
Abu Dhabi: The UAE’s financial contributions towards the fight … member of the RBM Partnership board, told Gulf News. She was speaking ahead of World Malaria Day, which will be observed on Wednesday to recognise global initiatives that combat the …
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Dubai on the Top List for Finance Graduates
Dubai has topped the list of cities that graduates want to call their home as they embark on their career in financial services, an annual poll by deVere Group has shown. DeVere asked those who started its flagship graduate programme, in which location …
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UAE emerges as global wealth management hub
Dubai: The UAE leads the region as the most appealing wealth management location for high net-worth individuals (HNWIs) in the GCC, according to the latest GCC Wealth Insight Report from Emirates Investment Bank (EIBank). According to the study …
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DIEDC to promote Dubai as Islamic financing hub
Dubai: The Dubai Islamic Economy Development Centre (DIEDC) on Tuesday announced its collaboration with Nasdaq Dubai that will result in the design and implementation of new initiatives complementing Dubai’s success in emerging as a leading global sukuk …
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UAE telco Etisalat posts $570m net profit in Q1
In the UAE, its home market, the subscriber base grew to 12.9 million … He added: “Adoption of cutting edge technologies is a strategic imperative that will always be a cornerstone in etisalat agenda, and while we operate in multiple markets with …
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Dubai Airports and Dubai Parks form new partnership
Dubai Airports and DXB Entertainments PJSC, owner of Dubai Parks and Resorts have announced a strategic partnership. The aim is to create an ‘unparalleled airport experience’ while showcasing Dubai’s position as a tourist and family entertainment …
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Where education fees are cheapest, costliest in Dubai
Dubai: Parents in Dubai continue to spend a lot of money on children’s school fees, but the good news is that rates at various educational providers have dropped recently. According to the latest data provided by Edarabia, eight out of ten schools in the …
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Uber in Dubai changes base fares for trips
Dubai: Uber has announced that it its base fares for trips have changed. In a notice emailed to customers, Uber explained that the change in the fare structure affected all UberSELECT and UberVIP trips in Dubai. The fares of Uber trips previously …
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‘Use Brexit to strengthen UK-UAE ties,’ UAE ambassador says
There is certainly no reason why Brexit should hold us back.” Mr Al Mazroui was writing after a meeting of the UAE-UK Business Council in London on Monday. A former academic and businessman, he was previously based in Brussels as head of the UAE Mission …
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