Banks’ progressive steps endorsed

The Central Bank of the UAE  (CBUAE), endorses banks’ progressive steps to support customers affected by the COVID-19 pandemic. To date, 77 per cent is already...

Abu Dhabi banks’ net income amounts to Dhs9.6b in 3 months

Commercial and Islamic banks operating in Abu Dhabi recorded a total net income of around Dhs9.6 billion in the first quarter of 2020, according to data issued today by the...

Germany plans to inject up to $7.57 billion in rail operator

Germany plans to inject up to 7 billion euros ($7.57 billion) into Deutsche Bahn as a part of a rescue plan for the state-owned rail operator, which has been hit...

Indian companies try to keep corona-positive cases at bay

Bank of England holds off from unveiling new stimulus package

The Bank of England (BoE) held off from further stimulus measures on Thursday but said it was ready to take more action to counter the country’s biggest economic slump in...

Dubai Chamber strengthens outreach to private sector

Gulf Today, Business Bureau As part of its efforts to support business continuity and ensure that private sector benefits from its various services and initiatives, Dubai Chamber of Commerce...

DGCX volumes in G6 currencies up

Business Bureau, Gulf Today The Dubai Gold and Commodities Exchange (DGCX) continued to see robust trading activity in April, with members increasingly seeking to protect themselves against volatility and global...

Tourist arrivals in Sri Lanka decline over 70 per cent in March

The number of international tourist arrivals in Sri Lanka declined for the twelfth straight month in March 2020 by 70.8 per cent in comparison to a year ago as the...

Coronavirus pushes Airbus into Q1 loss

European aviation giant Airbus plunged into the red in the first quarter as the coronavirus pandemic sparked "the gravest crisis the aerospace industry has ever known", it said...

Ajman to facilitate investors for business activity with full force

Sohaila Ahmed, Staff Reporter Ajman Department of Economic Development (Ajman DED) announced that it has become possible to renew the licenses of economic entities without the requirement of submitting...