Dubai: The Indian Consulate in Dubai has issued guidelines on dos and don’ts for the Indian expats, especially workers, in the UAE through the help centre Pravasi Bharatiya Sahayata Kendra (PBSK). The …
( read original story …)
UAE delegation visits Saudi Arabia to strengthen anti-money laundering efforts
A UAE official delegation headed by Ahmed Ali Al Sayegh, Minister of State, and Khaled Mohammed Balama, Governor of the Central Bank of the UAE, visited the Kingdom of Saudi Arabia from July 13-14 …
( read original story …)
Covid-19 in UAE: Stress, burnouts, depression on the rise
All of these have caused a rise in mental health issues. “The number of mental health issues is on the rise and is like a forest fire. The unpredictability factor of the entire pandemic and its …
( read original story …)
Expect better exchange rate for Indian rupee against UAE dirham this week
Dubai: UAE based Indians planning to remit money home could get better exchange rate for their dirham in the week ahead as the rupee is likely to weaken against the dollar. Any weakening of the Indian …
( read original story …)
Fintechs to drive M&A in Saudi banking sector – KPMG
RIYADH: The rise of financial technology companies in Saudi Arabia will stimulate merger and acquisition activity in the coming years, according to global management consultancy KPMG. The fintech boom …
( read original story …)
“It was in everyone else’s interests that the towers were left to burn”
An interview with Prof Brian Brivati, author of Arif Naqvi’s Abraaj Group & the Geopolitics of Karachi Electric …
( read original story …)
Momentum in Dubai real estate to carry over into rest of 2021
Dubai’s property sector will sustain a positive momentum in the second half of 2021 as visa reforms, successful Covid-19 vaccination plan and government measures to support the economy spur demand and …
( read original story …)
Trump ally Thomas Barrack, accused of illegally lobbying UAE, reaches bail deal with prosecutors
Thomas Barrack, the billionaire businessman and ally of former President Donald Trump charged with illegally lobbying for the United Arab Emirates, will likely be released from a California jail on …
( read original story …)
Trump ally facing UAE lobbying charges released on massive $250m bond
A federal judge in Los Angeles ordered the release of Thomas Barrack, a private equity investor and former campaign adviser to Donald Trump, on a massive $250m bond after reaching a deal with federal …
( read original story …)
Tom Barrack SPAC pulls SEC registration, IPO plan as bail hearing for Trump ally moved to Friday in L.A.
Thomas Barrack, a close friend of Donald Trump, is accused of illegally lobbying for the United Arab Emirates during Trump’s campaign and presidency.
( read original story …)
UAE unveils more regulations to drive new era in digital payments
The Central Bank of the UAE (CBUAE) has unveiled new regulations as it prepares the country for a new era of digital payments. The Retail Payment Services and Card Schemes Regulation is the fourth in …
( read original story …)
PolicyBazaar IPO Next? PB Fintech Planning Rs 6,500 Cr Fundraise At $5 Bn Valuation
PB Fintech, the parent of SoftBank-backed PolicyBazaar, is planning to raise up to Rs. 6,500 crore ($870 million) through an initial public offering (IPO).
( read original story …)
It’s so hot in Dubai that the government is artificially creating rain
With temperatures in Dubai regularly surpassing 115 degrees Fahrenheit, the government is now using drones to zap clouds with electricity, creating rainstorms.
( read original story …)
Dubai tycoon BR Shetty sues BoB, EY, Dutch bank
Dubai-based businessman BR Shetty has sued Bank of Baroda, EY and Credit Europe Bank of the Netherlands in a New York court, claiming $8 billion in damages. Shetty has alleged that these entities did …
( read original story …)
Dubai tycoon slaps $8 bn suit on BoB, EY in New York for ignoring fraud
Claims Dubai-based firm NMC Healthcare sank because the two entities turned a blind eye to a series of fictitious transactions …
( read original story …)
UAE sees most MENA equity capital market activity in first half of 2021
Equity and equity-related issuance in the MENA region totalled $2.1 billion during the first half of 2021 marking a 139 percent increase in proceeds and the highest total since 2018 …
( read original story …)
Crude Oil Prices Plunge Due To The Delta Variant Fear
The plunge in crude oil prices may be somewhat related to the fear of a global economic slowdown as the Covid-19 Delta variant spreads.
( read original story …)