Running a restaurant in Dubai, where a discerning international clientele has more than twice as many dining options per head as in New York, was a cut-throat business even before the coronavirus …
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NMC founder owes over $250 million to Bank of Baroda – court document
Bank of Baroda is seeking to recover loans worth more than $250 million from NMC founder BR Shetty and his companies and an Indian court has barred him and his wife from selling or transferring some …
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First Abu Dhabi Bank pulls out of talks to acquire Bank Audi Egypt
Banking analysts expect merger and acquisition activity in the region to pick up when the dust around Covid-19 is settled.
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Dubai RTA renames two stations
DUBAI – Dubai’s Roads and Transport Authority, RTA, has signed an agreement granting Mashreq Bank the naming rights of the ex-Sharaf DG Metro Station. Thus, the new name of the station has become …
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UAE- RTA signs Metro Station Naming Rights agreement with Mashreq Bank, renames two other stations
Dubai’s Roads and Transport Authority, RTA, has signed an agreement granting Mashreq Bank the naming rights of the ex-Sharaf DG Metro Station. Thus, the new name of the station has become Mashreq …
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Global advisory giant to launch major digital finance operation in Dubai
One of the world’s largest independent financial advisory and services organisations is to develop a major digital finance operation from Dubai, confirms its CEO and founder. deVere Group’s Nigel …
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GCC to see new phase of bank mergers in post-Covid period
The GCC region may see a second wave of mergers and acquisitions that will be driven by economic rationale in the post Covid-19 era, according to Mohamed Damak, S&P Global’s senior director and head …
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Federal govt staff to get May salaries as scheduled: UAE ministry
The UAE’s Ministry of Finance on Monday said there is no change in the releasing of salaries of the federal government employees for the month of May and they will be delivered as per schedule. The …
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RTA renames three metro stations in Dubai
Dubai’s Roads and Transport Authority (RTA) has signed an agreement granting Mashreq Bank the naming rights of the ex-Sharaf DG Metro Station. Thus, the new name of the station has become Mashreq …
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First Abu Dhabi Bank stops potential acquisition of Bank Audi’s Egyptian business-statement
First Abu Dhabi Bank (FAB) said on Monday it mutually agreed with Lebanon’s Bank Audi to stop the potential acquisition of its Egypt business, according to a statement.
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Cambridge Medical & Rehabilitation Center – A Success Story for Serving the Community in the UAE
In 2012 -2013 when there was a void in post-acute care services for patients after encountering injuries or life-changing health scenarios, the options of rehabilitative services were very limited to …
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9 UAE companies ranked among world’s top 2,000
First Abu Dhabi Bank, the largest lender in the country, is ranked first in the UAE, fourth in the Arab world and 303rd globally.
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Emirates Foundation distributes 16,000 meals across UAE
Mohanna Al Mheiri, Chief of Staff at the Emirates Foundation said: “The Emirates Foundation aims to bring together the efforts of the private and public sectors and strengthen their roles in …
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MIDEAST STOCKS-Saudi stocks extend gains, Aramco touches IPO price as oil prices jump
Saudi Arabian shares opened higher on Monday, extending gains from the previous session, as a jump in oil prices and positive corporate earnings from the banking sector boosted the stocks. May 18 …
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RPT-Saudi Arabia’s wealth fund seeks IPO of information security firm Elm -sources
Saudi Arabia’s sovereign wealth fund is considering an initial public offering of its information security company Elm, three sources familiar with the matter told Reuters.
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Dubai Islamic Bank donates AED3 million in support of Khalifa Foundation’s programmes
ABU DHABI, 17th May, 2020 (WAM) — The Khalifa bin Zayed Al Nahyan Foundation has received AED3 million of financial support from the Dubai Islamic Bank, DIB. The support will assist in carrying out …
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Saudi Arabia’s wealth fund seeks IPO of information security firm Elm: sources
Saudi Arabia’s sovereign wealth fund is considering an initial public offering of its information security company Elm, three sources familiar with the matter told Reuters.
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