Monday, April 28, 2025

Finance

Commercial Bank of Dubai allows foreign shareholding of up to 40%

It becomes the latest entity to extend trading in shares to overseas investors Dubai: Foreign investors can take up shareholding in Commercial Bank of Dubai up to 40 per cent, effective from June 14. "The bank has received substantial interest from...

Restaurants in Dubai, Abu Dhabi get ready to launch own order-and-delivery apps

Customers ordering through these will not be charged for delivery, which will be decisive Restaurants in Dubai and Abu Dhabi are coming together to launch their own apps and take on the order-and-delivery portals. Residents will benefit as they won't...

Let’s not over complicate apps, software

Rule of thumb is to make do with a three-step in and out process on such usage In the previous commentary, we talked about the diversity of the key functions at any IT department, and that each function has a...

Emirates to operate four ‘repatriation’ flights to Egypt

These will only be for Egyptians and those who meet entry requirements at Cairo Dubai: Emirates airline will operate four flights between Dubai and Cairo on June 14,18,19 and 21 to help stranded Egyptians in the UAE return home. Only Egyptian citizens...

Dubai’s Nakheel takes in Dh223m of villa sales since March

It's Al Furjan community too has seen a fair bit of deal making during the period Prices start at Dh2.35 million for a villa at Nad Al Sheba community. The location continues to be a firm favourite with UAE nationals. Dubai:...

Unilever finally decides to consolidate operations in London itself

It will combine UK and Dutch units into one, giving it more flexibility on future plans Unilever's plans to consolidate in London offers it greater leeway in targeting future acquisitions. But the consumer brands giant could still split food division...

UAE gold retailers feel full burden of credit, debit card fees by banks

Gold merchants are charged 2% and more even on debit card transactions An attraction for all gold shoppers out there... But for jewellery retailers, paying off credit and debit card settlement fees to card issuing banks is turning out to...

COVID-19 impact: Quarantine worries will keep away travellers for some time

Short-term demand unlikely to see an increase as air travel awaits more clarity Putting a new face to air travel... As airlines resume services, worries about quarantine measures are palpable. Dubai: The need to quarantine, whether self-imposed or not, will come...

US economy ‘definitely’ needs more fiscal stimulus

Fresh funding should be funnelled towards hardest-hit sectors such as retail, travel and leisure, says Treasury Secretary US Treasury Secretary Steve Mnuchin said the country “definitely” needs additional fiscal stimulus – particularly funding for industries struggling to reopen from coronavirus-related...

Deutsche Bank creates new global private banking arm

Lender merges wealth management and its international private and commercial banking divisions Deutsche Bank is combining its wealth management and its international private and commercial business arms to create a new international private banking business. In a statement, the lender said...

Latest News

Today Gold Rate in Saudi Arabia – 24th April 2025

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 4,793.82 while 24k Per 10 Gram gold...

Today Gold Rate in Qatar – 24th April 2025

Today Gold Rate in Qatar Today Per tola is QAR 4,671.35 while 24k Per 10 Gram gold price is QAR 4,005.00. Usually people opt...

Today Gold Rate in Oman – 24th April 2025

Today Gold Rate in Oman Today Per tola is OMR 491.63 while 24k Per 10 Gram gold price is OMR 421.50. Usually people opt...

Today Gold Rate in Kuwait – 24th April 2025

Today: Gold Rate in Kuwait (Kuwaiti Dinar) Today Per tola is KWD 388.40 while 24k Per 10 Gram gold price is KWD 333.00. Usually...

Today Gold Rate in Bahrain – 24th April 2025

Today Gold Rate in Bahrain ( Bahraini Dinar) Today Per tola is BHD 477.05 while 24k Per 10 Gram gold price is BHD 409.00....