Foreign nationals allowed to own 100% in UAE businesses
November 23, 2020
MALAPPURAM/December 15-2020: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs50 lakh on the Urban Co-operative Bank Ltd, Perinthal...
UAE Federal Law No 2 of 2015 on Commercial Companies amended ABU DHABI/November 23-2020: The UAE has taken yet another decisive step to open up the ec...
CSB Bank, Federal Bank scale up gold loan book by 50 pc KOCHI/October 27-2020: Banks are posing competition to gold loan companies in their turf that ...
FAB to seek shareholders' nod to transfer defunct bank's licence to ADQ ABU DHABI/ October 5: The Abu Dhabi-headquartered diversified business group, ...
CSL concludes payment of Rs65 cr bid amount KOCHI: The Chennai-based shipbuilding firm Tebma Shipyards (TSL) has become a wholly owned subsidiary of C...
Banks disallowed to hold more than 30% stake in other firms MUMBAI: The country’s largest private sector lender, ICICI Bank, has got a respite for thr...
MUMBAI: The Reserve Bank of India (RBI) on Monday called upon the banks in the country to achieve automation in bad loan recognition and asset classif...
Sept 11 auction received Rs1000 cr bids against Rs50,000 cr offered MUMBAI: The auction conducted by Reserve Bank of India (RBI) for its 56-day term r...
MoU signed for acquisition of select assets of Ithmaar Bank, IB Capital DUBAI: The stage is getting set for Bank of Bahrain and Kuwait (BBK), one of t...
PPE kit production generates Rs18.2 cr revenue KOCHI: Kitex Garments Ltd (KGL), one of the best managed companies in Kerala, has reported a consolidat...
ABU DHABI: Target Engineering Construction Company, the wholly owned subsidiary of Arabtec Holding, has been awarded an approximately $110 million (A...
DUBAI: Al Ramz Corporation Investment and Development, a Dubai Financial Market (DFM)-listed company that offers a variety of financial products and s...
Despite an asset base of 87 pc, national banks in UAE employ 79 pc staff ABU DHABI: By easing out about 1500 employees and downing shutters on 45 br...
Tenure of the bond could be up to 30 yrs DUBAI: With eyes set on ambitious expansion plans in the GCC region, especially in Kuwait, and other fast-g...
Due to inability to hold secret ballot by shareholders BAHRAIN: Owing to the inability to convene a physical general meeting of the shareholders to c...