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Group's owner was detained last month on allegations of bouncing cheques worth nearly $15m
New survey also says the ability of SMEs to collect payments and raise financing in the UAE has decreased in Q2
Chief executive of manufacturing unit says he aims to break even in two years' time
Banks' exposure to the public sector as a percentage of capital stood at 128% in May, the highest since the late 1970s
Private equity arm of Dubai Holding says it has sold Almatis to Turkey's OYAK after receiving regulatory approvals
Kazakhstan’s central bank seeks help to set up world class commercial court system at planned Astana International Financial Centre
Syndicated finance package includes Abu Dhabi Islamic Bank and Industrial and Commercial Bank of China, the world’s largest lender by assets.
Update: non-payment by Atlas Jewellery, which has more than 50 branches across the Gulf and in India, said to affect at least 15 banks
Al Etihad Credit Bureau CEO says almost all banks are now using date from credit bureau
Numerous banks lodged complaints with Dubai Police over bounced cheques
Joins a number of UAE firms using plentiful liquidity in the local banking system to enhance borrowing terms.
Organisers of Cityscape Global claim property investors expect the UAE market to grow, contrary to analysts’ predictions
Company says it has signed an agreement with Carlyle Group; marks first secondary private equity sale in Peru
Links Group says move is sign of maturing market and is unlikey to deter foreign investors from setting up shop in the UAE
Abu Dhabi airline chief confirms plan for Italy's national carrier to break-even in 2016 and see profits in 2017
RP Group chief Dr Ravi Pillai says visit will further galvanise investments to flow from the...
After slashing spending by $180 billion to deal with one of the worst industry downturns in...
Following deregulation of petrol prices, the rising cost of living is where the greatest challenge...
US president Barack Obama’s recent visit to Kenya drew welcome attention for one of Africa...
How the new chairman of the Libyan Investment Authority is fighting to recoup the ravaged nation...
With the theme 'Creating a Regional Framework for Prosperity and Peace through Public-Private...
King Abdullah II says projects will be delivered via public private partnerships; part of new...
Prominent firms stump up support for new youth unemployment target for WEF’s Regional Business...
Gordon Brown says public-private partnerships needed to drive urgently needed infrastructure...
I have been visiting Bahrain since 1968 and I have been living here for over 10 years. As an oldster, I only know of the great life there is for expat... more
not everyone can afford the school bus transportation.
not everyone has a personal driver.
no proper public transport system.
sometimes i wish... more
interesting to note that you obviously don't appreciate the importance of freedom of speech. Appreciate the novel advice on leaving if you don't like it... more
With the clear signs of a global economic slowdown and the current financial crisis that began with Greece then the slide in oil price and finally the... more
Will have far more effect on the vast army of tiny LLC's that keep Dubai functioning - frequently by already working employees 7 days and too many hours... more
Taking photos liberally of people is highly offensive so much so that in many countries the Privacy Act protects personal information that is held, or... more
You will never walk alone Mahendran...you have touched so many people with your heart, kindness and of course...that unforgetable smile. My heart will... more