Sunday, October 6, 2024

Anand Kumar

Abu Dhabi’s ADQ eyes around $1bln loan to back Louis Dreyfus deal – sources

Discussions have revolved around the structure of the financin By Davide Barbuscia and Saeed Azhar, Reuters News DUBAI- Abu Dhabi state-owned ADQ is in talks with banks for a loan of about $1 billion that would back its acquisition of a...

Saudi banks sign supply chain financing deal with government

Loans will be available to suppliers to the government that have had invoices approved, but are still awaiting payment Saudi Arabia’s Ministry of Finance and three of the kingdom’s largest banks have started a supply chain financing facility that will...

Why Morgan Stanley thinks now is a good time to invest in UAE stocks

Shares listed in Dubai and Abu Dhabi get a double-upgrade to tactical overweight amid hopes for vaccine-driven recovery Stocks in the UAE are highly exposed to a broad recovery, with positive virus vaccine news “far from priced,” according to Morgan...

Emirates adds more superjumbo flights to UK after change to quarantine rules

Dubai airline announces significant increase its superjumbo services to the UK following establishment of a UK-UAE air travel corridor Emirates on Wednesday announced plans to significantly increase its superjumbo services to the UK following the recent establishment of a UK-UAE...

UAE golden visa: Are you eligible for the 10-year residency?

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Sunday announced that more classes of professionals will be eligible for the 10-year golden residency visas. The golden visa advantage...

Dh36.5 billion of excess working capital tied up in Middle East

Businesses are facing new uncertainties introduced by the dual shock of the impact of Covid-19 pandemic and the steep drop in oil prices Middle East companies need to improve working capital performance in order to fare better on the road...

Revealed: Major complaints of Dubai consumers

Refunds, damage product top complaints of of Dubai consumers Emiratis and Indians lodged the highest number of complaints in the third quarter of 2020 with Dubai authorities and most of the overall complaints were related to refunds, non-compliance with the...

UAE jobs in demand: HR consultants, business analysts, legal managers

HR consultants, legal managers, finance and business analysts as well as managing directors are in high demand in the UAE, according to Robert Half, the world’s largest specialised staffing firm. There is strong demand for new talent, particularly across the...

UAE to set up special court for money laundering, tax evasion crimes

The establishment of a specialist court will support the continuous development of Abu Dhabi's judicial system. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chairman of the Abu Dhabi Judicial Department (ADJD), issued a...

Ajman records 42% drop in road fatalities

Serious traffic accidents decreased by 49 per cent during the first nine months of this year Road fatalities reduced by 42 per cent and serious traffic accidents decreased by 49 per cent during the first nine months of this year...

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YouTube Launches Longer Shorts Videos and New AI Tools

YouTube has launched new AI-powered tools to help creators create innovative short videos, as well as extending the length...

Kuwait: Citizenship revoked from 63 people, most of them women

63 people were stripped of their citizenship, including 3 decrees stripping 54 people of their citizenship, most of whom were women. In the context of...

Dubai Introduces Learner’s Passport for Newborns

A learner’s passport will now be issued to every newborn in Dubai to track their educational journey and help parents make informed decisions about...

UAE announces major new tax laws

The Ministry of Finance on Saturday announced that certain provisions of the Value Added Tax (VAT) law have been amended by the UAE Cabinet. The...

Parkin will manage parking facilities at Dubai’s verti-ports for air taxis

Parkin Company, the largest provider of paid public parking facilities and services in Dubai, has signed an agreement with Skyports Infrastructure, which develops and...