Archive of Business
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Dubai’s first IPO of the year sells out in under an hour
The Dubai initial public offering of remittances and money exchange firm Al Ansari Financial Services received orders for all shares offered within an ... Financial Markets -
UAE, India central banks sign collaboration agreement on fintech, digital currencies
The Central Bank of the UAE signed on Wednesday an MoU with the Reserve Bank of India to further innovation in financial products and services.Under ... Banking & Finance -
Riyadh Air plans new orders ahead of 2025 take-off: CEO
Saudi Arabia’s new national airline plans more aircraft orders as it prepares to operate its first flights in early 2025, its CEO told AFP on ... Aviation & Transport -
Credit Suisse gets $54 bln lifeline as authorities rush to avert global bank crisis
Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a ... Banking & Finance -
UAE’s Emirates Airline fined for ‘misleading’ Business Class advertising
The UAE’s Emirates Airline has been fined by a New Zealand court for "misleading" advertising of its business class flight.The decision made by the ... Aviation & Transport -
Dubai agency launches open image bank to fix AI gender bias against women
Dubai-based creative agency, MullenLowe MENA, has announced a new campaign aimed at fixing AI gender bias against women by using artificial ... Technology -
TikTok says US threatens ban if Chinese owners don’t sell stakes
The Biden administration has demanded that TikTok’s Chinese owners divest their stakes in the popular video app or face a possible US ban, the company ... Technology -
Credit Suisse shares close down more than 24 pct
Credit Suisse shares closed down 24.24 percent at $1.83 (1.697 Swiss francs) on Wednesday after nosediving to an historic low following market panic ... Banking & Finance -
Saudi finmin sees decision soon on $28 bln 2022 budget surplus
Saudi Arabia's finance minister said on Wednesday that a decision on allocating last year's budget surplus of almost $28 billion will soon be ... Economy -
EBRD sees significant increase in Turkey investment this year
The European Bank for Reconstruction and Development (EBRD) will significantly increase investment in Turkey this year, a top official said on ... Business