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Month: April 2020

Posted on 14/04/2020

Covid-19 may hit UAE businesses badly, say top finance heads

From those in the region, this is especially true for the UAE (92%), it stated. The survey puts spotlight on the region’s CFOs and finance executives and how they plan to react to the Covid-19 …
( read original story …)


Posted on 14/04/2020

The reopening of Wuhan offers hope to the world, say UAE’s China ambassador

The economy in China, just like in the UAE, has faced challenges, however a pro-active approach has mitigated against economic impact. Effective fiscal methods implemented by the Chinese Ministry of …
( read original story …)


Posted on 14/04/2020

Lessons in kindness: Abu Dhabi to assist with school fees

It’s the latest contribution of the ‘Together We Are Good’ campaign… Parents in Abu Dhabi hit by the economic shockwave of the Covid-19 pandemic can now apply for support to help pay school fees. This …
( read original story …)


Posted on 14/04/2020

COVID-19: Free registration of commercial vehicles in Abu Dhabi

Abu Dhabi: Registering commercial vehicles in Abu Dhabi is free of charge until end of 2020, the Abu Dhabi Media Office announced on Tuesday. The measure comes under the Abu Dhabi’ economic stimulus …
( read original story …)


Posted on 14/04/2020

COVID-19: Spanish Ambassador to the UAE explains how his country is combating against coronavirus

Image Credit: Dubai: Spain’s fight against coronavirus is making progress as the pandemic … it is very important to succeed in adopting a coordinated and solidary response to the crisis. The EU …
( read original story …)


Posted on 14/04/2020

Dubai: 2,527 fines issued to people violating traffic restrictions

Dubai Police has issued 2,527 fines against violators of the movement restrictions in place during the National Sterilization Programme. Dubai Police said that 2,076 warnings and 8 fines have been …
( read original story …)


Posted on 14/04/2020

French economy to contract 8% this year – finance minister

PARIS – The French economy is expected to contract 8% this year, the finance minister said on Monday, revising the governments outlook for the second time in a week. “We will have a growth forecast of …
( read original story …)


Posted on 14/04/2020

Covid-19 crisis: Time for Emirates airline to think again about a trip to the stock market

“Dubai Express!” I said excitedly. “That sounds like a post office,” he said … This subject has been rumoured and denied for the last 15 years – ironically since Arabian Business first called on the …
( read original story …)


Posted on 14/04/2020

Saudi Arabia May Tap Debt Market as Oil Output Cuts Hit Revenues: Sources

DUBAI (Reuters) – Saudi Arabia is likely to sell new international bonds soon as … “It is essential to keep this money in the local economy to maintain banking system stability. The Aramco IPO …
( read original story …)


Posted on 14/04/2020

UAE indexes lead global rally as spread of Covid-19 slows

The Dubai Financial Market jumped 5.54 per cent to 1,785 points … Saudi Aramco edged up 0.2 per cent to 32 riyals, hitting its IPO price. The Bahrain market edged up 0.2 per cent to 1,313 points, …
( read original story …)


Posted on 14/04/2020

Finablr appoints investment bank Houlihan Lokey as company considers options

Company says it is considering a debt restructuring, a capital raise or a potential sale of assets Customers at a UAE Exchange outlet in Dubai. Parent company Finablr … written by group companies …
( read original story …)


Posted on 14/04/2020

Mideast Stocks: Weak oil, recession fears pressure most Gulf stocks

Dubai’s main share index fell 2.9% … government assets planned for privatisation in stock market TADAWUL after an initial public offering (IPO). The privatisation drive is part of Vision 2030, a …
( read original story …)


Posted on 14/04/2020

Trump says he expects Russia, Saudis to cut oil production

FILE – In this Dec. 11, 2019, file photo, Saudi Arabia’s state-owned oil company Armco and stock market officials celebrate during the official ceremony marking the debut of Aramco’s initial public …
( read original story …)


Posted on 14/04/2020

From Local To International, Commission-Free Trading Platform TradeUP Rolls Out Hong Kong Stock Trading

TradeUP user growth continues to boom as the stock trading platform unveiled its latest offering of Hong Kong stock trading – an opportunity that lets users explore one …
( read original story …)


Posted on 14/04/2020

Former Trump adviser joins Saudi Aramco Board of Directors

Saudi Aramco has moved to strengthen its leadership team as the world’s biggest oil company faces a crucial period after its record-breaking initial public offering (IPO) last year. It announced the …
( read original story …)


Posted on 14/04/2020

Covid-19 ‘reveals the fragility of our financial system’

In over 30 years of doing this job I have never seen three simultaneous blows to the economy. I am again reminded of 2008, where small events like BNP Paribas closing their high-yield fund, Bear …
( read original story …)


Posted on 14/04/2020

Trump says oil-cut deal with Saudi, Russia to halt price rout

U.S President Donald Trump said on Thursday he had brokered a deal with top crude producers Russia and Saudi Arabia to cut output and arrest an …
( read original story …)


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