By Saifur Rahman COVID-19 hit the Emirates Group, which includes world’s largest international airline Emirates and its ticketing and ground handling arm Dnata, with a US$6.0 billion (Dh22.1 billion) net loss in 2020-2021 financial year ending March 2021, compared with an Dh1.7 billion (US$456 million) profit for reported for 2019-2020 financial year. This is the airline’s first loss in more than three decades and the second annual […]
By Saifur Rahman Singapore’s Social Loan Company and Dubai-based Aafaq Islamic Finance announced a partnership to deliver mobile-first loan platform that could democratise and disrupt the US$90.91 billion (Dh333.88 billion) consumer credit market in the UAE. The partnership with The Social Loan Company (TSLC), a Singapore-based AI/ML-powered cutting-edge big data-driven credit enablement platform company, will help Aafaq Islamic Finance to set up a trend-setting non-bank, mobile-first loan platform to […]
James M. Dorsey The clashes sparked by a crackdown on cross border fuel smuggling to neighbouring Pakistan achieved what past US and Saudi machinations failed to accomplish: ethnic unrest in a strategic, impoverished and long restive majority Sunni province in predominantly Shiite Iran.Recent clashes in the Iranian province of Sistan and Balochistan highlight Iran’s vulnerabilities as well as its inability to overcome trauma and control its demons. The […]
By Manish Rai When the Saudi crown prince, together with the UAE ruler, Mohammed bin Zayed, moved against Qatar in late 2017, the charge sheet against the tiny Gulf state was long. They, along with Bahrain and Egypt, accused their neighbour of backing Iran’s ambitions, and supporting Islamist groups, including the Muslim Brotherhood. The Arab neighbours of Doha thought that by imposing this blockade they can force […]
Share Tweet Share Share Email DEWA is working on a first of its kind Green Hydrogen project in collaboration with Expo 2020 Dubai and Siemens which will be built at the MBR Solar Park Dubai Electricity and Water Authority (DEWA) has announced that it has allocated $1.15 billion to supply Expo 2020 Dubai with electricity and water as well as support its electricity and water infrastructure projects […]
In the light of this exceptional growth, HE Sultan bin Sulayem believes opening new markets and stimulating mutual trade between Dubai and Israel will encourage companies to increase production, leading to greater economic growth and more job creation. Said Bin Sulayem: “The expansion of trade and investment between the two sides will benefit not only the business communities in the UAE and Israel, but also other stakeholders […]
These are seriously amazing… Dubai is no stranger to some mind-boggling and stunning architectural projects and there are plenty to look forward to opening in 2021. Here are 12 upcoming Dubai mega-projects we can’t wait for… Ain Dubai Dubai’s huge observation wheel Ain Dubai has been a long time coming and now it looks to be edging ever closer to completion with the recent addition of all […]
As a small and medium business owner, every day brings a multitude of strategic and commercial decisions that must be made to ensure the ongoing prosperity of your enterprise. This can leave limited time for complex operational issues such as navigating taxes. However, managing cost and taxes, especially if you are importing and exporting goods, requires an assessment of your business direction and strategy. Navigating a country’s […]
Sun 31-01-2021 18:09 PM VideoImage ABU DHABI, 31st January, 2021 (WAM) — On the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the 15th batch of National Service recruits will be trained by the Ministry of Interior and the Dubai Police, under the supervision of the National and Reserve Service Authority, […]
Share Tweet Share Share Email Six storey project started in February and ready well in advance of Expo 2020 Dubai opening in October, 2021 Construction work on Saudi Arabia’s 13,069sqm country pavilion at Expo 2020 Dubai has been completed, the country announced. The pavilion is said to be the second largest at the Expo site, with only the UAE pavilion being larger. Construction work on the pavilion […]
