Abu Dhabi Exports Office (Adex), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a $30 million (Dh110.19 million) line -of-credit agreement with the Eastern and Southern …
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7 things to do with 200,000 TouchPoints from this UAE bank
You can earn up to 200,000 TouchPoints when you open an account through the ADCB Hayyak app in just a few simple steps. With more than 400 merchant partnerships, TouchPoints can be used to make …
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Dubai dissolves special tribunal for settling disputes with home lenders
The special tribunal was formed in 2009 after the global financial crisis over a decade ago to settle disputes related to mortgage firms Amlak Finance …
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Adex, TDB to boost trade with Africa via $30m trade finance facility
Abu Dhabi Exports Office (Adex), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a $30 million (Dh110.19 million) line -of-credit agreement with the Eastern and Southern …
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Fitch Affirms Commercial Bank of Dubai at ‘A-‘; Outlook Stable
Fitch Ratings has affirmed Commercial Bank of Dubai’s (CBD) Long-Term Issuer Default Rating (IDR) at ‘A-‘ with a Stable Outlook and Viability Rating (VR) at ‘bb+’. A full list of rating actions is …
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Dubai ruler dissolves tribunal for settling disputes with home lenders
The ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, has issued a decree dissolving a special tribunal that was formed to settle disputes related to real estate lenders Amlak Finance and Tamweel …
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UAE’s RAK Ceramics shares certified Shariah-compliant
UAE-based RAK Ceramics, one of the world’s biggest producer of ceramics and tiles has received a Shariah-compliance certification for its shares following a quarterly review. The certification …
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Covid: UAE expats rush to vaccinate kids between 12 and 15 years before summer break
The news of the Pfizer-BioNTech vaccine getting approved for use for adolescents between 12 and 15 years in the UAE has excited several parents. Many families have been making calls to the health …
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Nature One Diary raising to repay Jan Cameron loan
Powdered milk and infant formula manufacturer Nature One Dairy is seeking a pre-IPO cash top-up to pay back a loan from Tasmanian businesswoman Jan Cameron.
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Amlak Finance back in black with Dh6m Q1 net profit
Dubai: Islamic real estate financier Amlak Finance Company’s Q1 2021 revenues decreased by 13 per cent to Dh62 million as compared to Dh71 million in Q1 2020 excluding fair value losses on investment …
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ADNOC Distribution eyes more foreign investors after MSCI boost
The UAE’s largest fuel and convenience retailer says that it will be included in the MSCI Emerging Markets Index from May 27 …
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UAE: Help! I did not exceed my credit card limit, but bank charges over limit fees for four months
Bank reversed the charges after Gulf News’ intervention …
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2002 remittances to India from UAE in steep 17% drop on job losses, repatriation: World Bank
Kochi: Kerala has been hit hard by the drop in remittances from the Gulf countries from where about 1.2 million workers returned to the state due to the COVID-19-driven layoffs, according to the World …
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Go Air files IPO papers with SEBI for Rs 3,600-cr issue; firm rebrands as Go First ahead of IPO
Go Airlines has filed a Draft Red herring Prospectus with capital markets regulator SEBI to launch an IPO (initial public offering) worth Rs 3,600 crore …
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UAE Bank Unit Sues Coal Trader Over $20M Finance ‘Fraud’
A subsidiary of Dubai’s Rasmala Investment Bank has sued a major commodities trader in London for fraud, accusing the Singapore-based company of deceiving it into providing $20 million to pay off …
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ParagonEX Dynamic to Showcase New Trading Solutions at iFX EXPO Dubai
ParagonEX Dynamic will present exciting new services as well as its flagship products at the live fintech event.
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Zulekha Hospitals chief Zanubia: ‘UAE has enough hospitals’
Healthcare capacities more than enough for population’s needs, says Zulekha Hospital chief Dubai: There’s one thing that Zanubia Shams will not be doing in a tearing hurry – building another hospital …
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