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Corporate
German companies seek state aid to cope with coronavirus
Pandemic, lockdown hit firms hard as they struggle to survive READ MORE
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Corporate
Hard times for Boeing, long a symbol of American might
Bitter reality at outset of Covid-19 pandemic underscores how deeply 103-year-old company has fallen READ MORE
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Corporate
Hertz UAE says not affected by collapse of its US parent group
The car rental firm is one of the largest purchasers of vehicles in the UAE. READ MORE
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Corporate
ICD profit jumps 16.9% to Dh25 billion; assets top Dh1 trillion
The increase in profitability was attributed to gains from the partial disposal of Network International Holdings and fair value measures of its remaining stake. Transportation units also performed well. READ MORE
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Corporate
NMC founder BR Shetty owes over $250m to Bank of Baroda: Court document
Sixteen properties in several Indian cities including Bengaluru were among guarantees put up by Shetty and his wife. READ MORE
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Corporate
First Abu Dhabi Bank pulls out of talks to acquire Bank Audi Egypt
Banking analysts expect merger and acquisition activity in the region to pick up when the dust around Covid-19 is settled. READ MORE
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Corporate
These 9 UAE companies rank among the world's Top 2,000
First Abu Dhabi Bank, the largest lender in the country, is ranked first in the UAE, fourth in the Arab world and 303rd globally. READ MORE
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Corporate
J.C. Penney files for bankruptcy protection
The company on Friday said it would begin closing some stores permanently in phases and would disclose further details in coming weeks. READ MORE
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Corporate
Dh400m exposure of UAE banks to Phoenix Commodities
The UAE's largest lender, First Abu Dhabi Bank, has an exposure of $7.7 million. READ MORE
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Corporate
DFSA issues fines to 2 firms, 3 individuals for violating laws
The companies were fined Dh11 million and Dh5.5 million. READ MORE
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Corporate
UAE banks told to reveal exposure to Phoenix Commodities
The rice trading firm went into liquidation after it accrued $450m losses from currency hedging trades undertaken by the currency derivative desk of its subsidiary company in Dubai. READ MORE
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Corporate
Al Ansari Exchange donates Dh1 million to 'Education Uninterrupted' campaign
The donation will go towards supporting children and youth from low-income families in the UAE. READ MORE
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BusinessAir travel remains largely suspended in the UAE and wider region...
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