Tuesday, October 16, 2018

Kerala floods: Government has inherited 14-year policy of refusing foreign aid, says Alphons Kannanthanam

The Union tourism minister also appealed to all the Indians to donate “big money” for the cause. (Photo: PTI) In refusing foreign aid for the rehabilitation of flood-hit Kerala, the Centre has followed...

Emirates NBD keeps close eyes on Turkish situation

Dubai – Mubasher: Emirates NBD has stated that it is “closely monitoring” the economic situation in Turkey. According to Reuters, the Dubai-listed bank declined to comment on reports about the renegotiation of a...

Ruling on Abraaj cheque bounce case postponed to Tuesday

Mubasher: The judgement on the lawsuit filed against Arif Naqvi, founder of the private UAE equity firm Abraaj, has been adjourned to Tuesday, 28 August.  A Sharjah court has heard the cheque bounce...

Abu Dhabi Islamic Bank financed USD 53 million acquisition of Travelodge Hotel at London’s...

Abu Dhabi Islamic Bank (ADIB) UK, a wholly-owned subsidiary of Abu Dhabi Islamic Bank closed a commercial financing transaction for the acquisition of a Travelodge Hotel, located at London’s Heathrow Airport. The property was...
Investcorp growth continues with net income rising to $125 million

Investcorp growth continues with net income rising to $125 million

Fundraising activities increase by 77% to $7.3 billion   Robust levels of investment, divestment and fundraising activity, expanded global presence and product diversification helped drive continued year-on-year profitability growth together with higher quality fee income relating...

Collier County Organizations to Share $2.7 Million Gift from United Arab Emirates for Hurricane...

NAPLES, Fla., Aug. 8, 2018 /PRNewswire/ -- As part of its commitment to help communities in Florida recover from Hurricane Irma, officials from the United Arab Emirates (UAE), The United Way of Collier County, Collier...

New Global FinTech Deal Highlights Collaborative Trend

The latest global FinTech collaboration ties together Singapore and Dubai in a deal designed to encourage innovation in digital payments, online and mobile commerce, and related areas. According to a recent statement, the Dubai...

Lancer Skincare Continues Its Global Expansion in Partnership With Asia’s Beauty Omnichannel Leader Luxasia...

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DP World buys Denmark-based Unifeeder for $764 million

Dubai-based port operator DP World says it has bought Denmark-based Unifeeder Group for some $764 million. DP World made the announcement in a statement on Tuesday, saying it purchased the container and shortsea network from...

Profit taking weighs on DFM at Tuesdays close

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index lost 26.7 points, or 0.9%, to close at 2,951.07 points on Tuesday, on the back of profit-taking. The real estate sector decreased by...