Wirecard’s most significant business partner of recent years, a Dubai business central to whistleblower allegations that the German payments group fraudulently inflated sales and profits, has …
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UAE fights coronavirus: ’10 million meals’ drive concludes with over 15 million meals within a month
The UAE’s biggest food distribution drive draws massive donations to support Covid-19-hit communities in Ramadan.
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Wirecard shares plunge as Dubai-based partner shuts shop
Shares in Wirecard fell to more than two-year lows on Friday after a Dubai-based business partner closed its doors even as the German payments company played down the impact on operations. The shares …
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Shares in Wirecard fall sharply; traders cite concerns about Dubai business partner
Shares in Wirecard fell more than 13% to their lowest in more than two years on Friday, traders pointing to a tweet about a business partner based in Dubai liquidating as the reason for the sudden …
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Oil slump puts pressure on Gulf states’ currency pegs
The slump in oil prices this year has prompted some investors to rekindle bets against Gulf nations’ currencies, putting longstanding pegs to the dollar under pressure. Bahrain, Kuwait, Oman, Qatar, …
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EXCLUSIVE-Abu Dhabi in talks with Dubai for support through state fund Mubadala – sources
The governments of Abu Dhabi and Dubai are discussing ways to prop up Dubai’s economy by linking up assets in the two emirates, with Abu Dhabi’s state fund Mubadala likely to play a key role in any …
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Dubai’s historic gold souk shines again after lockdown
Evening dresses made of gold mesh, gilded sunglasses and glittering crowns are sparkling again from the windows of Dubai’s historic gold souk which was shuttered during the coronavirus lockdown.
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Nirav Modi’s threats to ‘dummy directors’ out in UK court
Speaking in a mix of Hindi and Gujarati, they are heard saying that they are making the recording as they fear for their safety and just want to go back to India but are being held against their will …
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Dubai Customs extends 20% refund on import fees as part of Covid-19 stimulus package
director general of Dubai Customs. “All divisions including customs development division, finance, HR division and client division all worked together to implement the stimulus package items in record …
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Time To Soar: How You Can Own And Legally Fly A Drone In The UAE
The UAE launched its National Sterilization Program to help curb the spread of the COVID-19 virus, which was underscored by the use of some pretty cool technology.
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Talking The Tanker Trade (Podcast Transcript)
We unite The Investing Edge forces as Akram’s Razor and J Mintzmyer go into the background and present tense for the tanker trade. We explore why there’s a nagg …
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U.S. Crude Dips After Early Rise Despite Saudis’ Helpful Nudge
Oil prices settled down for a second-straight day, unable to hold onto Thursday’s early run-up inspired by a hike in the official selling price of Saudi crude. While that may be typical, it’s a worry …
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The UAE is no true friend, Mr Raab
The UK government is happy to ignore terrible human rights abuses by regimes like the UAE, writes Matthew Hedges, who was imprisoned there …
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Dubai launches advanced mobile testing unit for COVID-19 screening in labour camps
Dubai: The Dubai Health Authority (DHA) has launched a highly-sophisticated mobile unit to conduct COVID-19 testing in densely populated areas, especially labour camps. The testing bus will also be …
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Interest in will-drafting doubled since Covid-19, says UAE lawyer
The number of people looking to draw up wills has risen dramatically since the beginning of the Covid-19 pandemic, according to UAE lawyers. Muhammad Tariq, partner at Legal Inz, said the volume of …
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Opinion: Is Dubai real estate recovering from lockdown lows?
As estate agencies ease back to work, many of them are capriciously reporting that volumes of instructions, viewings and transactions are climbing off of lockdown lows. This resurgent activity is a …
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UAE students stir fashion market demand amid COVID-19
Two UAE students are taking advantage of the lockdown imposed to contain the coronavirus outbreak in order to grow their sustainable fashion line.
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