Articles
Huawei looks to secure memory chips from South Korean suppliers
US government recently tightened rules barring any chipmaker using American equipment from supplying Huawei without its approval
Damac slips to loss in first quarter despite higher revenue
The company took impairment provisions of more than Dh180m against the value of its development properties and trade receivables
Companies that retain staff and conserve cash best placed to survive pandemic
Consumer spending patterns are likely to be shaken as a result of higher unemployment, Majid Al Futtaim Group chief executive said
Turkey triples currency swap deal with Qatar to $15bn to prop lira
Ankara's net foreign exchange reserves currently stand at just $25bn, according to London-based Capital Economics
Etisalat appoints head of international business as its acting group chief executive
Hatem Dowidar replaces Saleh Al Abdooli, who is stepping down as chief executive for personal reasons
Investment Corporation of Dubai's 2019 profit jumps 17% on banking and transport investments
Assets of the government's investment arm pass the Dh1tn mark following Emirates NBD's Denizbank acquisition
Recession and social unrest top pandemic risks highlighted by WEF
Risk professionals cite a prolonged recession and a spate of bankruptcies as the main concerns post-Covid-19 crisis
Chinese buyers are still keen on UAE property market
The UAE was the eighth-most popular country searched by Chinese property buyers last year, says Juwai.com
Dallah Healthcare to buy majority stake in Kingdom Holdings' Care Shield
The company is also buying a 4% stake from other shareholders in a separate 22 million riyal deal
Generation Start-up: Washmen climbs the value chain from aggregator to innovator
The company designed its new Jebel Ali facility featuring more than 100 sensor-activated cameras tracking customers' clothes
Stricken trading group Phoenix Commodities valued at $1bn in January
Rapid decline of the defunct company was caused by currency trading losses incurred in February and March, according to liquidators' report
UK’s virus-stricken economy shrinks 5.8% in March as lockdown continues
Services and construction sectors 'saw record declines' as the enforcement of restrictions began
UAE banks report exposure to commodities broker in liquidation
Emirates NBD and Mashreq both report Dh130m exposure to the business that began as a rice trader
IMF extends $2.77bn in funding to help Egypt
Additional support will help Egypt to 'correct large external and domestic imbalances' as it deals with lower remittances and capital flight
Aramex profit hit by supply chain disruption as coronavirus bites
Company saw uplift in domestic demand from customers spending more through online channels
