Wednesday, December 19, 2018

Modo Partners with Etihad Airways to Co-Create Loyalty Solution as part of the FinTech...

Modo, the payments technology startup focused on creating interoperability between payment systems, today announced their partnership with the leading international airlines of the UAE, Etihad Airways, to co-create a unique loyalty solution for the...

Bank Sohar closes $250m loan facility

MANAMA: Bank Sohar has closed a $250 million three-year syndicated loan facility in a move to extend financing solutions for Oman’s consumer and business segments. The facility was raised as part of the bank’s comprehensive...

Bank Sohar Closes $250 Million 3 Year Syndicated Loan Facility

Ahmed Jafar Al Musalmi, Bank Sohar CEO Follow > , , , Bank Sohar has closed a USD $250mn three-year Syndicated Loan Facility in a move to extend...

UAE: Insurers impose new fees on motor policies

Insurance companies operating in the UAE market have recently begun charging a vehicle insurance fee of between AED20 ($5.44) and AED25, managers of brokerage firms say. They noted that the companies considered the...

Emirates revamps its offering in first, business classes

FE Online Desk | Published: August 28, 2018 13:19:52 Emirates has recently come up with a brand-new range of amenity kits and products for...

DFM closes 1st post-Eid session in green

Dubai – Mubasher: The Dubai Financial Market (DFM) closed Sunday, the first trading session after the Eid Al Adha holiday on a positive note. The DFMGI gained 0.36% or 10.04 points and closed...

UAE inflation rises 4% in July – FCSA

Abu Dhabi – Mubasher: The UAE’s inflation rose to 3.78% in July, compared to 3.29% a month earlier. Cost of Living Index rose to 111.4 points last month versus 107.38 in June, according to a...

ADX adds 25 pts at Sunday’s close

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) performed positively at the closing of Sunday's trades after its benchmark increased 24.58 points, or 0.5%, to 4,909.50 points in its first session after...

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...

Bahrain to follow GCC steps of imposing VAT

Mubasher: Bahrain will be the next GCC country to implement a 5% value-added tax (VAT). This move comes as part of a framework agreed by the Gulf states, with the UAE and Saudi...