Tag: finance

Oil prices settled down for a second-straight day, unable to hold onto Thursday’s early run-up inspired by a hike in the official selling price of Saudi crude. While that may be typical, it’s a worry …
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Sheikh Hamdan stresses how the MBRGI is lending a helping hand to anyone in need in the world through numerous projects.
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Iran is taking advantage of a stock market boom to boost state revenues by selling stakes in state companies, but risks political repercussions if those buying shares get burned.
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The UAE’s top four banks’ first-quarter fell by nearly one-third due to higher provisions. The net profit of four largest banks – First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank and …
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Threats of being implicated for theft and even being killed are among the allegations caught on camera in a video recorded by so-called “dummy directors” associated with companies linked to Nirav Modi …
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Dubai, with events cancelled, flights grounded and investment halted, faces both the threat of the coronavirus and a growing economic crisis.
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“My name is Ashish Kumar Mohanbhai Lad, I am the namesake owner of Sunshine Gems Limited, Hong Kong, and Unity Trading Fze, Dubai,” says one of the men on the recording from June 2018.
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“It will allow a lot of people to cross the “T”s and dot the “I”s from now till next year,” says Mohammad Al Shouli, the executive vice president, and global head of contracting finance at Mashreq …
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Witnesses relate to the Enforcement Directorate (ED) discovery that dummy directors/owners/managers were appointed in a number of overseas companies in Hong Kong and Dubai, though the companies …
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ABU DHABI – The UAE’s banking system strengthened its support for the agricultural sector in the first quarter of 2020, by providing financing valued at more than AED500 million to agricultural …
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JPMorgan expects more consolidation among Gulf companies this year in sectors such as banking, real estate and hospitality, but it sees no liquidity crunch in the region, despite the twin blow of the …
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VAT relief will stimulate demand for consumer goods in the country. This website uses cookies to improve your online experience. They were placed on your computer when you launched this website. You …
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Indian fugitive diamantaire Nirav Modi used 13 companies in the UAE and six in Hong Kong for the purpose of round tripping money, the prosecution told a London court on the first day of the five-day …
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A financial scandal has swept through London and the United Arab Emirates, centered on allegations of fraud at the two core companies of the Abu Dhabi-based tycoon Bavaguthu Raghuram Shetty. Both NMC …
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Saudi Arabia’s austerity drive will squeeze a private sector vital to its plan to diversify away from oil and may cost its powerful crown prince some prestige as citizens see their spending power …
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U.S. investment bank Moelis & Co MC.N has been granted an advisory licence by Saudi Arabia, the Capital Market Authority said on Tuesday, in a move that will enable the boutique firm to secure more …
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Saudi Arabian state oil giant Aramco on Tuesday reported a 25% fall in first-quarter net profit, missing analyst estimates, but its quarterly dividend was in line with a plan for a $75 billion base …
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