Sunday, March 22, 2026

Finance

India’s Reliance Industries is debt-free ahead of schedule

Energy and telecom giant pulled in a slew of investors, including Abu Dhabi's Mubadala (adsbygoogle = window.adsbygoogle || ).push({}); Mumbai: Reliance Industries has become net debt-free ahead of its March 2021 target. The energy-to-telecom conglomerate raised more than 1.75 trillion...

Shops reopen, but luxury brands are still seeking answers

But free spending Chinese buyers may not be immediately available to spark a recovery Waiting for a shopper turn up... Luxury brands will look to take full advantage of pent up demand, but what will be the situation after that?

Dubai property owners cannot delay 2020 service charge payments any longer

RERA notice to owners states these funds are vital for upkeep of communities Homeowners will now have to get up-to-date on their service charge payments pronto. A notice has been issued saying 'there is a responsibility on every homeowner to...

India’s credit rating takes another hit, this one from Fitch

Economy could be in for a 5% contraction, adding to strain on fiscal deficit The strain of COVID-19 is showing up on the Indian economy, and Fitch joins Moody's in downgrading the rating. (adsbygoogle = window.adsbygoogle || ).push({}); Mumbai: India's...

Corporate scandals take time to be erased

NMC and Abraaj should be a warning for all that corporate governance needs tightening There was a time when Arif Naqvi of Abraaj was hobnobbing with the most influential. But financial manipulations will put an end to all that.

Dubai property owners cannot delay 2020 service charge payments any longer

RERA notice to owners states these funds are vital for upkeep of communities Homeowners will now have to get up-to-date on their service charge payments pronto. A notice has been issued saying 'there is a responsibility on every homeowner to...

UK inflation hits four-year low on oil price fall, COVID impact

BoE likely to boost quantitative easling to help economy through COVID A Tesco supermarket in Watford. British inflation fell to its lowest since June 2016 last month as the coronavirus pandemic sucked demand from the global economy and oil prices...

UAE Ministry of Finance implements Procure-to-Pay

Entities can now direct purchase order to supplier in minutes The Ministry of Finance (MOF) building in Bur Dubai. MoF on Wednesday announced the implementation of Procure-to-Pay (P2P), which facilitates the procurement process and e-approval of purchase orders and requests...

Smart Dubai expands partnership on retail sector data project

Smart Dubai announces Network International as the newest partner to join the project Dr Aisha Bint Butti Bin Bishr, Director General of Smart Dubai. Smart Dubai announced on Wednesday that it has onboarded a new partner in the joint Retail...

Global energy leaders signal optimism at Abu Dhabi CEO roundtable

Virtual convening highlighted need to ensure global energy supplies as economies reopen Dr. Sultan Ahmed Al Jaber, UAE Minister of State and group CEO of the Abu Dhabi National Oil Company (Adnoc) hosting the special virtual edition of the Abu...

Latest News

Air India allows passengers to rebook to India from any airport in UAE without any extra charge.

Stranded passengers in the UAE can now rebook their cancelled Air India Express flights from any airport in the...

Big News from UAE: New Glass-Domed Mosque Opens in Sharjah

As the sun sets over Al Dhaid, the inside of newly opened Al Nasr Mosque begins to glow. Golden light pours through a giant...

Dubai Gold Prices Fall Below Dh600/Gram, Drop Dh11 in 24 Hours

Gold prices dropped below Dh600 per gram in Dubai on Friday morning as the yellow metal slipped below $5,000, reaching close to a one-week...

Gold Prices Stable in Dubai Morning Trade – 24K Around Dh610

Gold Prices: At 9am UAE time, the 24K gold price was trading at Dh610.75 per gram, slightly up from last night’s close. Among the...

Dubai Metro New Fines Alert: Dh100 to Dh2,000 Penalties Announced

Dubai: If you’ve ever rushed onto the Dubai Metro only to realise you’re in the wrong cabin, you’re not alone. While it’s a common...