UAE extends $100 million aid to Kerala

The UAE government has extended $100 million as financial assistance to rebuild the flood-ravaged Indian state of Kerala, Chief Minister Pinarayi Vijayan said on Tuesday. "Malayalis from all corners o... ( read original story ...)

End of service benefits withheld by bank

I received a big surprise when the Dubai Islamic Bank (DIB) customer service staff told me that DIB would not release my end-of-service benefit (EOSB) due to my loan, which is as per their “new policy ... ( read original story ...)

Long bank holidays send wrong signal to businesses

Businesses can’t run if essential services aren’t available, and that includes banking. Which brings us to the question — why is the UAE banking sector shutting down for a week? No other sector is as ... ( read original story ...)

Traded value in Dubai tumbles ahead of holidays

Traded value fell to Dh39 million on Sunday compared to more than Dh100 million last week. The Dubai Financial Market general index closed 0.44 per cent higher to 2,815.79. Emaar Properties closed 0.8... ( read original story ...)

UAE markets further diverge in opposite directions

Dubai: Last week the Dubai Financial Market General Index (DFMGI) fell by 116.79 or 4 per cent to end at 2,803.32. This was the largest one-week drop since November of last year and it occurred as the ... ( read original story ...)