The company had previously been lauded as a European FinTech star and was the newest member of the Dax 30 – the index of the biggest German companies listed on the Frankfurt Stock Exchange – with its …
( read original story …)
Ski Dubai, Dubai Sports Council to host first snow sports competition following COVID-19 closures
The inaugural event will be one of the first snow sports competition in the world to be held with social distancing measures in place …
( read original story …)
Dubai Courier App Raises Funds for Saudi Arabia Expansion
Fetchr secured at least $15 million in fresh funding to expand in Saudi Arabia as part of a turnaround plan that saved the Dubai-based courier app from collapse.
( read original story …)
Dubai Electricity and Water Authority cuts paper usage by 100% in bank guarantee transactions
Dubai: The (Dewa) announced that it has cut paper use by 100 per cent in all its bank guarantee related transactions, reducing time required to process such transactions by 80 per cent. Dewa, one of …
( read original story …)
Lost job in UAE and stuck in home country? Here’s how to get your settlement
Pursuant to your queries, we assume that you were employed by a company based in the mainland of UAE and therefore, the provisions of Federal Law No. (8) of 1980 Regulating Employment Relations in the …
( read original story …)
Hong Kong’s mom-and-pop investors squeeze funds as IPOs sizzle
Under IPO rules in Hong Kong a deluge of orders from retail investors reduces the portion that fund managers can buy …
( read original story …)
Ski Dubai in collaboration with Dubai Sports Council to host one of the world’s first snow sports competition following COVID-19 closures
The inaugural event will be one of the first snow sports competition in the world to be held with social distancing measures in place …
( read original story …)
UAE launches start-up operations at first nuclear power plant
The United Arab Emirates has begun start-up operations in the initial unit of its first nuclear power plant, the Emirates Nuclear Energy Corporation (ENEC) said on Saturday. The Barakah nuclear power …
( read original story …)
Impairments and margin squeeze hurt first half profits of UAE banks
UAE banks in the first half of 2020. In addition, a sharp contraction in interest margins resulting from low interest environment too have hurt the profitability of banks. Despite the reopening of the …
( read original story …)
Video: UAE leaders celebrate Eid Al Adha with Mars Hope probe mission team
The UAE’s leaders celebrated the first day of Eid Al Adha with the Emirates Mars Mission team on Friday. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the …
( read original story …)
Dubai Bank Can’t Offset Costs Order In $430M Debt Suit
Dubai Islamic Bank PJSC cannot offset money it owes after losing a jurisdictional challenge against a jailed British expat’s lawsuit seeking to fight a $430 million fraud judgment, a London judge …
( read original story …)
HashCash Collabs with UAE Retailer to Enable Low-Touch Shopping Experience
As industries gradually shift towards automation to minimize the manual way of doing things, HashCash is helping UAE based leading retailer to reform their present operational and business set-up …
( read original story …)
Sanjeev Gupta’s bank faces potential losses over failed commodities trader
A bank owned by British industrialist Sanjeev Gupta faces tens of millions of pounds in potential losses, after providing more than $100m of funding to a Dubai-based rice trader that recently …
( read original story …)
UAE e-Gift Card Industry Outlook, 2020-2024
The “United Arab Emirates Digital Gift Card (e-Gift Card) and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Market Size and Forecast (2015-2024) – COVID-19 Update Q2 2020” …
( read original story …)
UAE oil trader GP Global uncovers fraud among employees – letter
United Arab Emirates-based oil trader GP Global has uncovered fraud within the company and filed criminal complaints against some of its employees, its legal representative said in a letter to the …
( read original story …)
SIM swap fraud: UAE bank told to reimburse customer’s life savings of Dh4.7 million
Expert report holds bank responsible for the financial loss, says lawyer Dubai: The Dubai Court of Appeal has upheld a judgment which held a local bank responsible for a Dh4.7 million SIM card swap …
( read original story …)
Credit Suisse Hiring Morgan Stanley Dubai Banker Luthra
Credit Suisse Group AG is hiring Morgan Stanley dealmaker Tara Luthra to help expand its investment banking operations in the Middle East, according to people familiar with the matter.Luthra will …
( read original story …)