The Swiss government pushed it to buy Credit Suisse last year.
Rohit Nanda, the new CFO, will take up his new job next month.
Dubai has allotted some 18,013 e-trader licenses during the last five years, according to a government report.Of the total licenses issued, 13,671 are professional, while 4,342 are commercial licenses
In Dubai, an e-trader license allows freelancers and startups to conduct business activities online and across social networking accounts
Here’s a look at how the price of an Iftar meal compares to a standard meal eaten in moths other...Ramadan a month of communal joy, when people gather after dusk and before dawn to partake in feasts that would help them tide over daylong fasts
However, there seems to be a disparity between how much a full Iftar meal costs versus how much a normal meal costs outside the month of Ramadan
UAE’s Minister of Industry and Advanced Technology Sultan bin Ahmed Al Jaber reviewed bilateral relations with Mostafa Madbouly, Prime Minister...This includes traditional and renewable energy, advanced industries, infrastructure, tourism, agriculture
The two discussed on wind and solar energy, and finding opportunities for sustainable joint investments
The deal, which media outlets including The Wall Street Journal reported could be announced later in the day, would put...About 20 minutes into trading, Twitter shares were up 3.6 pc amid an otherwise downbeat day in New York, where the Dow, Nasdaq and S&P 500 were all in the red by under one percent.
Musk had earlier this month launched his $43 billion hostile takeover bid for the company, casting it as a promotion of freedom of speech.
- DEWA has no intention to sell more stock, after having raised $6.1 billion in a record initial public offering, the...
It is also eyeing 7.4 billion dirhams ($2 billion) in 2023 profit, amid a prospective IPO of its district cooling unit by the end of this year
DEWA is seeking to spend 40 billion dirhams to expand over the next five years, with more focus on renewable energy
West Cairo has witnessed strong real estate development.He said the two projects are likely to be launched in May, coinciding with the beginning of the summer season, which represents the peak of real estate market activity.
Both projects are located in the Green Belt in Sheikh Zayed city, where there is a strong volume of development, reconstruction and a demand from clients.
Emirates Global Aluminum today announced the company has agreed a revolving credit facility tied to the Term Secured Overnight Funding...SOFR is the emerging replacement to the US dollar London Interbank Offering Rate (LIBOR), which has been the global lending benchmark for decades.
SOFR provides a benchmark interest rate based on data from observable transactions, while LIBOR relied on disclosures from a panel of selected banks.
Stock markets sank Monday on growing concerns that lockdowns in China aimed at fighting a worsening Covid outbreak could threaten...China's struggle to get a grip on a Covid outbreak that has forced Shanghai -- the country's biggest city -- into lockdown and dealing a blow to demand
All three main indexes on Wall Street ended more than two percent down Friday, and Asia followed suit with hefty losses
Twitter is reconsidering Elon Musk's buyout proposal, with discussions between the two camps ongoing Sunday, The Wall Street Journal reported,...Tesla CEO Musk said Thursday he had secured close to $46.5 billion to finance the transaction
The potential turnabout on Twitter’s part comes after Musk met privately Friday with several shareholders of the company
Bahrain has announced a ban, effective from September 19, on selling, manufacturing, circulating and importing single-use plastic bags, which are...The ministry said the ban would apply on selling, manufacturing, circulating and importing single-use plastic bags, which are less than 35 microns in thickness.
Industry minister Al Zayani said that the ministry held stakeholder engagement sessions especially with the private sector through the Bahrain Chamber of Commerce and Industry.
