Articles
Arab Bank Group’s first quarter net profit drops amid Covid-19 provisions
Total loans rose 2% to $26.2bn while customer deposits grew 5% during the first three months of 2020
ADGM launches more initiatives to cushion impact of Covid-19
These measures follow an earlier set of incentives, including rent deferrals and service charge waivers
G20 finance leaders urge collective decisions to support world economy
The group is committed to minimise social and economic damage on the world economy from the pandemic
Opec pledges $1bn to help developing countries fight Covid-19
The funds will be disbursed through public, private and trade finance loans
Etihad plans partial passenger flights from May 1
The airline plans to gradually restart all of its passenger flights after June 30 as travel restrictions are lifted globally
Dubai’s Airport Show postponed to October amid Covid-19 outbreak
The annual event was originally set to take place in June
Saudi Telecom delays buying Vodafone Egypt stake by 90 days
The due diligence process is facing 'logistical challenges caused by the Covid-19 pandemic', the company says
Lamborghini plant in Italy to produce surgical masks
The company will produce 1,000 masks and 200 plexiglass medical shields a day for healthcare workers in Italy
Abu Dhabi Islamic Bank shareholders approve lifting foreign ownership cap
Shareholders also approve a dividend of 27.38 fils a share for 2019
As a precaution against Covid-19 Emaar tells staff to work from home
Dubai’s biggest listed developer said the move will not affect the company's operations
ADCB offers to defer loans and waive interest for customers hit by coronavirus
The move will support 1.2 million retail customers of ADCB and over 50,000 SME customers of Al Hilal Bank
Aldar Properties commits Dh100m to support customers and partners
Package of measures includes setting aside Dh4bn to ensure contractors and suppliers are paid quickly
Dubai Holding and Meraas set up Dh1bn relief fund to mitigate impact of coronavirus on units
Some companies within their portfolio are Jumeirah Group, Dubai Properties, Boxpark and LaMer
Trade Bank of Iraq provides $5m to fight coronavirus spread
Funds will be used to allow Ministry of Health to buy necessary equipment
Investcorp buys Coca-Cola’s Belgian headquarters for €88m
Deal brings the value of asset manager's European real estate portfolio to €750m
