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.
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Mumbai: India's...
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.
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...
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...
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 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...
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...
Aramco will pay Saudi Arabia's sovereign wealth fund in several installments
Saudi Aramco has completed a deal it reached last year to buy a 70% stake in Saudi Basic Industries Corp. for around $70 billion.
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133,000 customers benefitted from the liquidity support of CBUAE extended through banks
The First Abu Dhabi Bank in Abu Dhabi. Fifteen leading UAE banks have fully utilised their share of the Dh50 billion liquidity support package provided by the Central...
After flooding US with crude earlier this year, Saudi Arabia has all but cut off the tap
Workers at Saudi Aramco’s Abqaiq crude oil processing plant. The kingdom has exported just one cargo to the U.S. so far in June,...
