Dubai based Phoenix Global going into liquidation will cost banks quite a bit
Dubai: Banks in the UAE have exposures between $350 million to $400 million to Phoenix Group, one of the world’s biggest rice trading firms before it went...
Period of forced stay in India due to lockdown will not be counted for tax residency
Dubai: The Government of India has announced a much needed relief to non-resident Indians (NRIs) allowing them to keep out the period of their...
With gold at Dh193.25, rush to sell intensifies after India launches repatriation flights
Dubai: For many expats in the UAE, gold is now serving a purpose more than just as an ornament. In these COVID-19 infected times, gold for these...
The long-term investment case for emerging markets is still compelling
The combined equity value of 26 nations listed by MSCI Inc. as developing markets increased by $9.2 trillion since the end of 2009 through December 2019, according to data compiled...
Companies don't have enough cash reserves to suddenly meet all payment commitments
Dubai: Getting their full end-of-service benefits is turning out to be the most difficult task that many recently laid-off workers in the UAE are dealing with. With companies...
UAE has given equal importance to ensure continuous education as students, teacher adopt remote learning
Our world has changed over the last couple of months and in an effort to keep the wheels turning, companies across the UAE and wider...
Face ID will recognise when someone is wearing a mask.
Apple has reportedly introduced a new Face ID feature to unlock the iPhone without having to take off the face mask, in the latest beta release of iOS 13.5.
According to...
Emirates and Etihad Airways believe it could take 3 years for air travel demand to return to normal levels.
The aviation industry, which supports 65.5 million jobs around the world, including 10.5 million people employed at airports and by airlines,...
If a UAE resident clicks on the fake message and follows instructions, fraudsters will be able to hack accounts.
Beware of fake social media messages, promising prizes, jobs and shopping discounts amid the Covid-19 pandemic, the Abu Dhabi Police warned...
After a huge drop in April, prices will remain the same in May.
Petrol prices experienced a huge drop last month, after three months of consistent pricing and then a drop in March. The UAE petrol prices for May have...
