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Swvl raises $35.5 million pre-funding to push growth strategy

29 Aug 2021

Staff Reporter, Gulf Today Swvl, a Dubai-based provider of transformative mass transit and shared mobility solutions, on Sunday announced that several investors, including Agility and Chimera Abu Dhabi,...

Emirates restarts flights to Malta via Larnaca

10 Jun 2021

Emirates has announced it will resume three weekly services to Malta via Larnaca, Cyprus, from 14th July 2021, further expanding its European network to 34 destinations, and offering customers worldwide...

Pakistan sees 3.9 per cent economic growth

21 May 2021

Pakistan said on Friday that its economy is on course to grow 3.94% in the financial year that ends in June, almost double the IMF and World Bank’s projections, as...

Morgan Stanley net profit surges, flags nearly $1 billion Archegos loss

16 Apr 2021

Morgan Stanley reported a 150% jump in first-quarter profit on Friday that sailed past Wall Street expectations, while disclosing an almost $1 billion loss from the collapse of private fund...

Deal values nearly retained momentum in India last year

13 Mar 2021

V Nagarajan Despite concerns around macroeconomics, corporate governance, changing regulatory norms, geopolitics and global tensions, India’s deal values in 2020 nearly retained momentum with the previous year, according to...

DIB celebrates listing of $1b sukuk on Nasdaq Dubai

24 Nov 2020

Business Bureau, Gulf Today Dubai Islamic Bank, DIB, rang the market-opening bell on Tuesday to celebrate the listing of a $1 billion Sukuk on Nasdaq Dubai. The Sukuk achieved...

New UAE law to help businesses move forward

28 Oct 2020

Inayat-ur-Rahman, Gulf Today The visionary leadership of the UAE has come up once again with an innovative idea to further improve the ease of doing business...

SBP cuts policy rate by 100 bps to bring interest rate to 7%

25 Jun 2020

The State Bank of Pakistan (SBP) has announced that it had slashed the policy rate by 100 basis points to bring the interest rate to 7 per cent. “This decision...

Reliance strikes third unit stake deal, raising $8 billion in 2 weeks

08 May 2020

India’s Reliance Industries on Friday announced a $1.5 billion stake sale in digital unit Jio Platforms, a third deal in a little over two weeks that will inject a combined...

Dubai Chamber applies 100% remote work to follow DEC rules

27 Mar 2020

Inayat-ur-Rahman The Dubai Chamber of Commerce and Industry has announced the implementation of 100% remote working starting next Sunday, March 29, 2020, in compliance with the circular of the...

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