Sharper economic contraction seen for UAE in 2020

A report by the International Monetary Fund said the UAE has been faring better than many others in navigating the pandemic crisis

Transactions of $1b by 44 Indian banks flagged in SARs

Banks are required to file an SAR whenever handling funds that cause grounds for suspicion of criminal activity

Global banking systems 'well placed to absorb' Covid shocks

Moody's said in its report that most banking systems are in good shape and can withstand the inevitable rise in bad debts over the coming months.

Ambani eyes UK's iconic department store

Last year, Reliance Brands, a subsidiary of RIL, acquired iconic British toy retailer Hamleys in a Rs6.2 billion all-cash deal

$2.5t Islamic finance sector to rebound gradually

Covid-19 offers an opportunity for more integrated and transformative growth with a higher degree of standardisation, stronger focus on the industry's...

Special: Airlines want Covid testing system and no quarantine

With rapid antigen tests becoming available for as little as $7 each, airlines will push for their use to be endorsed by International Civil Aviation ...

Emirates top brand with most loyal customers

Leisure destinations such as Saadiyat Island and Yas Island Abu Dhabi have also witnessed upgrades in their loyalty score

HSBC, StanChart shares crash on $2 trillion 'dirty money' scandal

HSBC shares in Hong Kong fell to a 25-year low of as much as 4.4 per cent, their lowest level since May 1995.

DMCC extends huge support programme

UAE-Israel peace treaty could boost tourism and tech sectors

S&P expects the launch of direct commercial flights to Israel would significantly increase cooperation in various areas.