Creditors, mainly Indian public sector banks, took over Jet in early 2019 but failed to keep it operating as its cash crunch grew.
A consortium comprising a UAE-based entrepreneur and Kalrock Capital was given the final go-ahead to rescue the...
Sellers may take a commercial decision to absorb VAT in order to make the price of promotional goods more attractive to potential buyers.
The UAE's Federal Tax Authority (FTA) has clarified that "VAT-free special offers" are misleading and contrary to...
Hundreds of travellers continue to be stranded at DXB as authorities enforce entry requirements
Over 200 stranded tourist visa holders from India and Pakistan, who were unable to meet the minimum entry criteria set by the UAE Immigration authorities, had...
Global oil demand is expected to rebound to pre-pandemic levels by 2022 while supply tightens, creating a deficit, Energy Intelligence has reported, quoting the chief executive officer of Saudi Aramco.
Amin Nasser said China would once again be the focus...
Asks lenders for debt standstill deal related to their Target exposures
Dubai: Arabtec Holding asked banks this week for a three-month standstill on debt repayments for its subsidiary Target, sources said, as the Dubai-listed builder that is facing liquidation seeks...
Traders in Dubai say they have been inundated with enquiries from Israelis, who traditionally trade in Antwerp.
The week that Israel and the United Arab Emirates normalised ties, Israeli diamond trader Zvi Shimshi headed to the United Arab Emirates to...
Two employees sustained minor injuries in the accident.
A motorist has been arrested after his vehicle crashed into a petrol pump in Sharjah. The accident was reported on Al Ittihad Road near Al Khan Bridge.
Speaking to Khaleej Times, Major-General Saif...
Shuaa raised over $140 million in the last 3 months
Dubai: Shuaa Capital on Sunday announced that it has launched a $200 million ‘Shuaa Financing Opportunities Fund’ targeting special situations in the GCC. The fund has already attracted a total...
Air India announced travel update for passengers flying to Sharjah International Airport.
India's national carrier Air India and its subsidiary Air India Express on Friday announced a travel update for passengers flying to Sharjah International Airport.
From today, residents from the...
Gold at $1,900 is still way too high for shoppers, more so with a pandemic on
How low should gold fall before shoppers head back to gold and jewellery stores in the UAE? Because right now, with gold still hovering...
