Thursday, August 28, 2025

Finance

Abraaj former CEO stole $385m from the firm, liquidators say

Arif Naqvi is alleged to have taken funds from 2009 to 2018 as he moved money for his own use in more than 3,700 transactions Liquidators overseeing Abraaj Group’s insolvency now estimate chief executive Arif Naqvi’s alleged theft to have...

My employer cannot pay me amid Covid-19. Can I work elsewhere until my income returns?’

The Abu Dhabi resident's employer has told the employee to take on a part-time job until the crisis eases I have a job with a small company but I am struggling financially as I am not receiving any income. I...

Sheikh Mohamed bin Zayed and Emmanuel Macron discuss the crisis in Libya

The pair expressed their support for an initiative which has called for an immediate ceasefire in Libya and agreed on the importance of resolving the situation through peaceful means Sheikh Mohamed bin Zayed and the French president have expressed their...

Coronavirus live: Parts of Beijing locked down as new cases reported in China

UAE reported 513 new cases after 44,000 more tests were conducted Parts of Beijing were placed under lockdown on Saturday as six new domestic coronavirus cases were reported, fuelling fears of a resurgence in local transmission. UAE reported 513 more cases...

Get tax residency for less than $400,000 in Uruguay

President Luis Lacalle Pou is seeking foreign investment to help revive the economy Motenvideo, capital of Uruguay. Uruguay will soon be even more welcoming to wealthy foreigners looking for a new home following a presidential decree that makes it cheaper...

Pakistan unveils $44 billion 2020-21 national budget

Economic activity in the country slowed down due to lockdown imposed by the government A woman shops for grocery items at a store in Peshawar, Pakistan. No new income tax has been imposed in the budget as the government wants...

Arif Naqvi took $385 million from Abraaj, liquidators claim

Liquidators overseeing insolvency now estimate the missing money is much bigger Arif Naqvi, the founder and ex-chief executive officer of Abraaj group. Liquidators overseeing Abraaj Group's insolvency now estimate Chief Executive Officer Arif Naqvi's alleged theft to have cost the...

Yandex mulls buying out Uber’s stake from its Russian joint venture

The company is looking at purchasing Uber’s 38 per cent stake in Yandex.Taxi Russian technology firm Yandex is considering buying Uber Technologies’ stake in their joint ride-hailing unit instead of seeking an initial public offering of the division, according to...

US stocks suffer worst sell-off since March amid renewed coronavirus fears

All three major indexes fell more than 5% as signs mounted of a possible second wave of the pandemic Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from...

Oil extends slump on fresh concerns over supply-demand balance

Benchmarks head for their first weekly declines since April amid a rise in US coronavirus cases and an increase in the country's crude oil stockpiles Oil prices fell on Friday, extending heavy overnight losses as a surge in US coronavirus...

Latest News

Today Gold Rate in Dubai (UAE) in Dirham – August 26, 2025

Today Gold Rate in Dubai (UAE) Today Per tola is AED 4,729.67 while 24k Per 10 Gram gold price...

Today Gold Rate in Saudi Arabia – August 26, 2025

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 4,875.47 while 24k Per 10 Gram gold price is SAR 4,180.00. Usually people opt for...

Today Gold Rate in Qatar – August 26, 2025

Today Gold Rate in Qatar Today Per tola is QAR 4,741.34 while 24k Per 10 Gram gold price is QAR 4,065.00. Usually people opt...

Today Gold Rate in Oman – August 26, 2025

Today Gold Rate in Oman Today Per tola is OMR 498.63 while 24k Per 10 Gram gold price is OMR 427.50. Usually people opt for purchasing...

Today Gold Rate in Kuwait – August 26, 2025

Today Gold Rate in Kuwait (Kuwaiti Dinar): Today Per tola is KWD 389.80 while 24k Per 10 Gram gold price is KWD 334.20. Usually...