Tag: Dubai
Abraaj Group’s official Arif Naqvi stole $385 Million from the firm
Reports suggest that Liquidators managing Dubai-based private equity firm, Abraaj Group's bankruptcy have come to an estimation that Chief Executive Officer Arif Naqvi's alleged...
Dubai permits the use of Aquatic facilities for Leisure and Sports
Based on the directives of Dubai's Supreme Committee of Crisis and Disaster Management, Dubai Sports Council and Dubai Municipality have published the reopening of...
UAE’s TPAY Mobile gains Turkey’s fin-tech platform Payguru to aid expansion
UAE-based mobile payments firm TPAY Mobile is has procured a 100 percent stake in Turkey’s mobile payment platform Payguru. The purchase will extend the payment...
Dubai Islamic Bank secures $1 billion from its highly-valued Sukuk issue
Dubai Islamic Bank (DIB) has successfully secured a $1 billion extended 5-year Sukuk with a profit rate of 2.95% per annum, which is comparable...
Emirates NBD fetches investment worth $245 million from Bank of America
North Carolina based Bank of America has acquired 1.51% in Emirates NBD, Dubai’s largest bank.
Sources suggest that the purchase is likely done through market...
Dubai’s Economy taking baby steps towards recovery: IHS Markit Survey
The latest market survey from global information provider IHS Markit suggests that Dubai's Economy has taken small but significant steps towards a lengthy journey...
Dubai Duty Free offers a safe shopping experience
After being temporarily closed since March 25, Dubai Duty is now welcoming traveling passengers after the partial re-opening of its retail area in Concourse...
RTA takes a leap to Intelligent Transit Systems with ERTICO Membership
Dubai’s Roads and Transport Authority (RTA) has been confirmed as a member of the European Road Transport Telematics Implementation Coordination Organisation (ERTICO).
The move is...
