du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.

UAE extends ban on flights from India, 13 other countries

    A notice to airmen (NOTAM) issued by the UAE civil aviation authority informed the airlines of suspension of flight services to and from 14 countries including India till July 21 in view of the Covid second wave.

    In India, the expats have been affected badly following the suspension of regular flights between the UAE and India since late April, media reports in the country said.

    “Though one-way cargo flights to the UAE are allowed to bring passengers to India on return trips under the bilateral air bubble pact, the Non-Resident Indians are reluctant to book tickets during the forthcoming festival season anticipating the third wave of Covid,” a report in The New Indian Express said.

    The UAE has been trying hard to keep the Covid cases under control and it fears that allowing flights from the worst-hit countries will torpedo the prospects of its economic recovery.