Articles
Central bank digital currencies may increase financial inclusion but are a headache for lenders
If customers convert existing bank deposits into CBDCs, lenders will be forced to shrink balance sheets, Fitch Ratings says
Persistent outflow of migrants could weaken UK's economy, Moody’s says
The number of foreign-born workers in the country fell by about 13.7% last year, ONS data showed
Changes to UAE company law will drive foreign investment, business leaders say
Reforms will remove uncertainties and cut costs of doing business
NMC administrators pursue claims against EY and former directors
Legal letters before action have been issued within the past three weeks, Alvarez & Marsal document shows
Damac reports sixth successive quarterly loss on lower revenue
Booked sales in the quarter rose 52% as transaction volumes picked up
BR Shetty vows again to overturn travel ban and return to UAE to 'clear my name'
NMC Health founder intends to rebuild his business empire and repay debts, he says
Pfizer to gear up capacity on 'durable' demand for Covid-19 vaccines, CEO says
Revenue from Covid-19 vaccines contributed $3.5bn to quarterly revenue of $14.6bn, which was 45% higher than the same period last year
Tunisian government debt default would cost banks $7.9bn, S&P Global says
Ratings agency also downgrades three of the country's lenders on worsening outlook
Emaar Properties' profit rises 8% on double-digit revenue growth
Dubai's biggest developer booked sales of Dh7.11bn during the quarter, an 83% increase on last year
RAK Ceramics' first-quarter net profit doubles on revenue growth
The company's first-quarter revenue surpassed pre-pandemic levels to touch a five-year high
Shuaa Capital returns to first-quarter net profit on higher fee income
Investment bank reports a near-doubling of net fee and commission income to Dh96.9m
Saudi Arabia's BinDawood reports 'tough start' to year as profit falls
The company expects sales to return to pre-pandemic levels in the second half of 2021
UAE start-up Tenderd joins World Economic Forum's Global Innovators Community
The company is the first from the Emirates to join a group of promising global start-ups chosen to help respond to major challenges facing the world
Tabreed reports higher profit as revenue grows by a fifth
Recent additions such as Downtown Dubai and Saadiyat Island schemes contributed to increased sales
Saudi Arabia's Sary secures $30.5m in venture funding
Riyadh company has built an e-commerce platform connecting wholesalers to small and medium-sized retailers
