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IAG to raise $1.2 billion by survival bond issue

18 Mar 2021

British Airways-owner IAG plans to raise about 1 billion euros ($1.2 billion) through a bond issue, which it said would help see it through if the pandemic-driven travel downturn lasts...

VIDEO: Ajman Police raid, shut down and slap fine of Dhs5,000 on overcrowded shop

06 Mar 2021

Gulf Today, Staff Reporter The Emergency, Crisis, and Disaster management team in the Emirate of Ajman, in coordination with Ajman Police and the Department of Economic Development, closed a...

Ukraine holds 'marathon' on traditional beetroot and cabbage dish to promote Unesco bid

06 Mar 2021

Ukrainian cooks gathered on Friday in Kiev to cook borscht ahead of the ex-Soviet country's bid to cement the dish as part of its cultural heritage, an initiative that irritates...

RAK and Bahrain to enhance connectivity, potential services

19 Jan 2021

Ras Al Khaimah International Airport (RAK International Airport) has signed a Memorandum of Understanding (MoU) with Gulf Air, the national carrier of the Kingdom of Bahrain, with the agreement aiming...

ECB’s VP says mergers can help in improving banks’ profitability

19 Oct 2020

The European Central Bank’s (ECB’s) vice president called on Monday for further consolidation and cost reductions by eurozone banks to improve battered profitability. Banks are under pressure in Spain...

UAE stocks gain Dhs4 billion in market cap

14 Oct 2020

UAE financial markets on Monday posted gains of around Dhs4 billion in market cap driven by upbeat sentiments and positive financial statements released by listed firms. ...

Virus-hit Shell says cutting up to 9,000 jobs by 2022

30 Sep 2020

Anglo-Dutch energy major Shell said Wednesday it will axe 7,000-9,000 jobs by the end of 2022 in a major overhaul to combat plunging oil prices driven by the coronavirus pandemic....

Chinese bank lists $1.2b green bonds on Nasdaq Dubai

18 Aug 2020

Li Xuhang, Consul General of the People’s Republic of China in Dubai, rang the market-opening bell at Nasdaq Dubai on Tuesday to celebrate the listing by China Construction Bank (CCB),...

ADDED launches ‘Industrial Sector Sustainability’ project

13 Aug 2020

The Industrial Development Bureau (IDB) of the Abu Dhabi Department of Economic Development (ADDED) has launched the ‘Industrial Sector Sustainability’ project, an initiative aimed at adopting a sustainable approach to...

Gold climbs as weaker dollar bolsters appeal

13 Aug 2020

Gold rose on Thursday on a softer dollar, consolidating further above the key $1,900 level, with an ultra-low interest rate environment and worries over global economic fallout from mounting COVID-19...

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