The UK’s biggest cruise line will introduce stringent measures to ensure it obeys international health guidelines when it restarts operations once the coronavirus pandemic recedes.
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COVID-19: UAE’s ADIB bids on digital to drive Islamic trade finance
“We are now executing more Islamic trade finance transactions through our digital platform” This website uses cookies to improve your online experience. They were placed on your computer when you …
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Coronavirus: Hackers pose as Dubai Police to steal bank details
I was suspicious about him from the start so in the time between his first and second calls, I rang up Dubai Police who confirmed the calls weren’t from them. The fraudster w …
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UAE doing too little to stem money laundering and terrorist finance – watchdog
The United Arab Emirates is not doing enough to prevent money laundering despite recent progress, and causing concerns about its ability to combat financing of terrorism, the global dirty money …
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UAE doing too little to stem terrorist financing, says watchdog
If the UAE fails to improve, it may find itself alongside states such as Syria, Yemen and Pakistan, which the FATF deems to have “strategic deficiencies.” …
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UAE MoF receives budget draft from federal entities
The UAE Ministry of Finance (MoF) has announced receiving the federal budget draft for 2021 from federal entities through its automated budget preparation system, which was fully developed, and for …
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UAE among top 3 resilient economies
The UAE is set to emerge among the world’s most resilient economies in 2020 post-Covid-19, thanks to traditional and new sectors as well as rapid, decisive and innovative measures taken to contain the …
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British firms in the UAE report cash flow, revenue concerns amid Covid-19
A large proportion of British businesses in the UAE are concerned about cash flow and revenue drops amid the coronavirus pandemic, according to new figures released by the British …
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Air France must be good Airbus customer -finance minister
The French government’s financial support of Air France comes with the expectation that the airline keeps buying planes from Airbus, Finance Minister Bruno Le Maire said on Wednesday. The government …
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COVID-19 impact: UAE bank profits come under pressure
Early indicators from the first quarter results of UAE banks point to a spike in provisions on expected credit losses from COVID-19 linked loan impairments and lower loan yields as a result of low …
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Online Learning Accelerates in United Arab Emirates Amid COVID-19 Outbreak with Ankabut, Mediasite Partnership
The use of video learning is rapidly increasing in the Middle East due to a new partnership between Mediasite and Ankabut, the United Arab Emirates’ Advanced National Research and Education Network …
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Jumia: The e-commerce start-up that fell from grace
Online retailer Jumia is struggling, a year after its debut on the New York Stock Exchange.
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UAE banks face write-downs of between 25%-50% on NMC debt – sources
Banks in the United Arab Emirates (UAE) with exposure to troubled hospital operator NMC Health risk having to make provisions for between 25% to 50% on more than $2 billion of outstanding debt to the …
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Covid-19: UAE’s ’10 million meals’ campaign exceeds target in one week
The campaign, led by Sheikha Hind bint Maktoum bin Juma Al Maktoum, chairperson of the board of trustees of the UAE Food Bank, has received donations from companies, humanitarian organisations, …
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First Abu Dhabi Bank reports 22% slump in profit over coronavirus
First Abu Dhabi Bank set aside $201m in impairment charges, calling it prudent provisioning due to a challenging operating environment’ …
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UAE’s First Abu Dhabi Bank’s quarterly profit hit by impairment charges
First Abu Dhabi Bank, the biggest lender in the United Arab Emirates (UAE), reported a 22 percent drop in quarterly profit on Monday, hit by interest rate cuts and impairment charges. Its net profit …
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UAE instructs banks to freeze accounts of NMC founder Shetty, his family: Report
United Arab Emirates lenders have been told by the central bank to freeze the accounts of NMC Health shareholder BR Shetty and his family, three sources with knowledge of the matter said. NMC, which …
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