John Wood Group rebuffs takeover offer from Dubai-based rival Sidara – The London-listed company said the offer ‘undervalued Wood and its future prospects’ in a Wednesday update.
Engineer Wood Group rejects £1.4bn bid from Dubai rival; TSB to shut 36 branches – as it happened
High street bank TSB has revealed plans for 250 job cuts, prompting anger from unions including Unite, which called the move a “grave mistake”. The cuts will primarily affect staff in fraud operations …
Sheikh Ahmed addresses the question of an Emirates IPO
Sheikh Ahmed bin Saeed, chairman and chief executive of Emirates airline and Group addressed this question during a media briefing at the Arabian Travel Market on Tuesday. Sheikh Ahmed speaking to …
Dubai tops growth among world’s wealthiest cities as millionaire population soars
With over 166,000 resident millionaires today, Dubai’s rise testifies to its pro-business policies and welcoming stance towards capital, factors that will propel it up future rankings, an expert says …
Commercial Bank of Dubai names QualityKiosk as exclusive partner to develop CBD’s testing centre of excellence
QualityKiosk Technologies (QK), a global leader in reliability engineering solutions, is broadening its partnership with Commercial Bank of Dubai (CBD) to enhance the bank’s digital experiences to its …
Saudi staffing company SMASCO plans to raise $240 mln in IPO
DUBAI, May 8 (Reuters) – Saudi Arabian staffing company SMASCO aims to raise as much as 900 million riyals ($239.99 million) in its initial public offering on Riyadh’s main bourse, it said on …
UAE finance ministry announces new law to expand public-private partnership projects
By utilising private capital, expertise, and management skills, the government hopes to both expand available financial resources for projects and reduce timeframes for implementation …
Dubai Financial Services Authority see 40% surge in new license registrations
owing to Dubai’s established status as a regional financial center, highlighting that the center accommodates over 40,000 professionals, in addition to those working in finance outside the center. The …
UAE Ministry of Finance establishes framework to enable sustainable public-private partnerships
It also enhances sustainable economic development and achieves comprehensive prosperity for all members of society …
National Bank of Fujairah invests in innovative cloud-based data platform
Dubai – National Bank of Fujairah (NBF) has partnered with Snowflake to use its cloud-based data platform, enabling the bank to extract better insights and reports from its data. The collaboration is …
Dubai health accounts system gets global recognition
Report by DHA receives high praise from OECD and World Bank The report for Health Accounts System for the Emirate of Dubai details the strength and dynamism of the healthcare insurance system. Image …
Dubai gold prices steady in early trade after losing half a dirham
As of 9am, UAE time, the 24K variant of the precious metal was trading … “At the same time, central bank gold purchases could continue to support the precious metal to a certain extent. While …
Dubai Islamic Bank Pakistan signs issuing bank pact with IFC
International Finance Corporation will guarantee payment of DIBPL obligations to support their trade finance transactions.
Dubai: Property service charges may rise after record rains
Property service charges could go up in Dubai after the unprecedented rains recorded last month, prompting developers to offer free maintenance and carry out cleaning services.
Emirates Boss Says Unhappy With Boeing Delays in Fixing 777X Problems
DUBAI (Reuters) – The chairman of Dubai carrier Emirates said on Tuesday he was not happy with Boeing, which he said had promised him that it would fix issues plaguing the U.S. planemaker, including …
UAE: Liv explores tokenisation of real-world assets
Liv, UAE’s first digital bank launched by Emirates NBD, has signed a Memorandum of Understanding (MoU) with Ctrl Alt, B2B alternative asset solutions provider, to explore infrastructure solutions …
Dubai: Property service rates may rise after record rains
Developers and community managers conduct free cleaning and repairs for residences, helping areas that have been severely damaged …