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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Volvo Confirms It’s Considering An IPO, Could List On Stockholm Exchange Later This Year
Volvo has officially announced it is considering an initial public offering. The company’s board signed off on the move and the automaker will now evaluate a possible listing on the Nasdaq Stockholm …
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Adnoc Distribution gets MSCI EM Index inclusion
The inclusion, effective from May 27 2021, is expected to attract new foreign investors into Adnoc Distribution shares …
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UAE banks better positioned, thanks to economic recovery, high oil prices
The US bank expects that the UAE’s GDP will grow 2.4 per cent in 2021 and 3.5 per cent in 2022 as compared to 6.2 per cent contraction in 2020 …
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TAB Bank Rides Real-Time Payments Wave with Volante Technologies
TAB Bank, a full-service digital bank that services SME customers in all 50 states, selected Volante Technologies, the global leader in …
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UAE ranked among top 10 countries in 28 competitiveness indexes related to finance, taxes
Five major global organisations specialising in assessing competitiveness have ranked the UAE among the top ten countries in the world in 28 competitiveness indexes related to finance and taxes. This …
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Sustainable finance goes hand in hand with Islamic investing
The goal to uphold one’s ethical values and promote social welfare through investment has some origins in Sharia law, and it is also reflected in today’s sustainable finance solutions …
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