UK court appointed administrator assures staff that operations will go on as usual
Dubai: Abu Dhabi headquartered NMC Health is not going into “liquidation”, according to its newly appointed administrators.
In a message sent to its 15,000 plus staff, the administrators...
New projects will only be awarded if they slash their original cost-to-build estimates
Dubai: UAE contractors will have to go through the whole price negotiation process again as project promoters insist on re-pricing contracts because of the changed circumstances. Even...
RAKBANK sent messages to customers about the new measures in the wake of coronavirus
Dubai: The national bank of Ras Al Khaimah — RAKBANK — has informed its customers that the bank is discontinuing encashment of cash ore bearer cheques...
A series of significant regulatory relief measures announced
Dubai: The Dubai Financial Services Authority (DFSA) announced a number of initiatives aimed to provide significant assistance and regulatory relief to the Dubai International Financial Centre’s (DIFC) financial services community.
These initiatives are...
Loan restructuring to reduce impairments, but to increase problem loans formation
Dubai: A number of regulatory reliefs announced by the Central Bank of UAE (CBUAE) will soften the impact of coronavirus (COVID-19) on the economy and the banking sector, according...
United Arab Emirates agriculture technology start-up Pure Harvest Smart Farms has raised $20.6 million in fresh funding and secured commitments for a further $100 million, it said on Monday.
Wafra International, an investment firm owned by the Kuwait state pension...
Technology has played a key role in helping residents work from home, with local service providers reporting an increase in software sales that allow residents to remain in touch with their work colleagues, as well as security protocols.
Etisalat reported...
The chairman will receive a 100% salary cut, while the senior management will see their salaries slashed by half.
Emaar, Dubai's leading real estate developer, has announced a reduction of salaries across the board, ranging from 15 to 50 per...
Hala service and the RTA announces 20 per cent discontto facilitate passengers in Dubai
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