As authorities sprang into action to drain waterlogging, tenants and homeowners had to navigate the aftermath of nature's unpredictability
uae3 hours ago
Shaikh Sultan bin Saud Al Qasimi, Chairman of Capital Industries and Investments (CII), a private equity investment firm, welcoming the EBI-NBD merger move, said he hoped more banks in the UAE would "by their own conviction" follow the example. However, he warned that after the merger, the spare banking licence should not be used to set up one more small banking entity. "Small UAE banks should opt for merger by their own will or increase their minimum capital." He also felt that a large bank like National Bank of Abu Dhabi should remain as it is while small banks should not hesitate to combine their resources to become more competitive.
Shehab Gargash, CEO of Daman Investments, said the NBD-EBI merger will impact the banking sector but will have little impact on the stock market as the merged entity would have only a small public share float.
As authorities sprang into action to drain waterlogging, tenants and homeowners had to navigate the aftermath of nature's unpredictability
uae3 hours ago
The 51-year-old recently competed in the Masters Indoor World Cup — his 10th international tournament since undergoing surgery
sports4 hours ago
Met Department advised people to take precautions during strong convective cloud activity associated with rainfall over Eastern and Northern areas
uae4 hours ago
Earlier, interest-free loans were announced for Emiratis whose businesses were affected by the rains, with a grace period of 6 to 12 months
uae6 hours ago
Following a $3 per barrel average global price increase in March, petrol prices for April increased by 12 fils per litre in the UAE
uae6 hours ago
Annual rents in Dubai are usually paid in two, four or six instalments via post-dated cheques
business6 hours ago
NCM official says May 2-3 is identified as the ‘peak’ of the situation
weather6 hours ago