BENCHMARK SPECIALS

Alpha Dhabi Holding unit buys 12.21 pc stake in Aldar from Mubadala

BBN Report One of largest deal in UAE  is valued at AED3.5 bn ABU DHABI/March 31-2021: Alpha Dhabi Holding subsidiary, Sublime Commercial Investment, has acquired a 12.21 per cent strategic stake in Aldar Properties from Mubadala Investment Company. The transaction, ...
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Auditors qualify Union Properties’ FY20 accounts too

By CL Jose Accumulated losses at 45.7% of share capital; plans share buyback DUBAI/March 23-2021: The auditors of Union Properties (UP) have yet again qualified the company’s accounts for 2020 for ‘departing from IFRS 13’ requirement that deals with Fair ...
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Central Bank issues 2 new Payment Systems regulations

BBN Report ABU DHABI/March 19-2021: The Central Bank of the UAE (CBUAE) has issued two new regulations- The Large-Value Payment Systems (LVPS) Regulation and the Retail Payment Systems (RPS) Regulation. The two regulations were published in the Official Gazette on ...
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NEWS AROUND
BBN Report Net NPA down to 4.03 pc from 7.18 pc a year earlier MUMBAI/February 05-2021: A substantial decline in ...
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BBN Report KOCHI, January 15-2021: V-Guard Industries said its board has approved the acquisition of 18.77 per cent state in ...
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By CL Jose Only 673 employees now under Defined Benefit Pension scheme KOCHI/January 03-2021: The ‘legacy employees’ in the centenarian ...
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