A stronger trading platform and new regulations are supporting a development drive under way at the Abu Dhabi Securities Exchange (ADX) in preparation for an expected turnaround in the global financial market, its CEO, Rashed […]
UAE nationals are in for a treat at Al Habtoor City. Khalaf Ahmad Al Habtoor, Founding Chairman, Al Habtoor Group has launched a special campaign called ‘Exclusive to Emiratis’, giving special rates throughout the year […]
Following the acceptance of the Global Excellence Award for Best New Hotel Opening 2016, Palazzo Versace Dubai was named the Middle East’s “Best Luxury Hotel Brand” at the 2016 World Luxury Hotel Awards on Saturday, […]
Gulf Cooperation Council (GCC) countries are expected to keep their currencies pegged to the US dollar due to their massive financial assets, a Saudi bank has said. Currency pegs remain under pressure in the region […]
A new bankruptcy law, issued in the UAE on 24 October, could encourage banks to increase lending to SMEs because it sets out a framework for insolvency proceedings and debt restructuring, says Fitch Ratings. “We […]
Dubai Investments reported strong third quarter results with net profit for the quarter ending 30 September 2016 surging to Dh334.4 million, an increase of 36% over Dh246.1 million achieved during the same quarter in the […]
Ajman-based Thumbay Group has signed an agreement with Satguru Travel and Tourism to help establish representative offices in 50 locations across the globe to promote Group’s healthcare and education infrastructure The agreement was signed between […]
Arabian Automobiles Company, the flagship company of the AW Rostamani Group and the exclusive dealer for Infiniti in Dubai, Sharjah and the Northern Emirates, announced the launch of the Infiniti Q50 Red Sport 400. Infiniti’s […]
Saudi Arabia has withdrawn nearly SR343 billion ($91.5bn) from its overseas assets to finance the budget deficit and urgent projects. Official data showed the assets controlled by the Saudi Arabian Monetary Agency (Sama), central bank, […]
Emirates Integrated Telecommunications Company PJSC (“du”) today published its financial results for the third quarter of 2016 showing a 2.9% rise in revenue to AED 3.14 billion. Net profit before royalty rose 2.4% to AED […]