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BENCHMARK EXCLUSIVES

Dubai announces another stimulus valued at AED315 mn

Total value of incentive packages reaches AED7.1 bn BBN Report DUBAI/January 06-2021: The latest in the series of stimulus initiatives announced by Dubai since the...

UAE records AED4.2 bn surplus operating balance in Q2 even as taxes nosedive 59 pc

COVID clouds loom large, but banks see a silver lining in India

No compromise on debt servicing despite 14 pc cut in Dubai budget size

Dhanlaxmi seeks shareholders’ ‘go’ to appoint Sivan JK as new MD & CEO

All 413 Articles

NEWS AROUND

V-Guard acquires 19 pc stake in Mumbai-based Gegadyne Energy Labs for Rs33.5 cr

BBN Report KOCHI, January 15-2021: V-Guard Industries said its board has approved the acquisition of 18.77 per cent state in Gegadyne Energy Labs Pvt Ltd...

Legacy employees of ‘Catholic Syrian Bank’ now a minority!

Tata Power bags Rs488 cr solar project from KSEBL

CSB Bank playing safe with large gold loan portfolio

AICTPL’s $300 mn bond issue priced at 3 pc

All 396 Articles

SME HUB

RakBank, MetLife join hands for life insurance solutions for bank customers

BBN Report DUBAI/December 14-2020: MetLife, one of the largest global providers of insurance, annuities, and employee benefit programs, has announced a 10-year strategic preferred partnership...

UAE-UK deal to boost trade, export credit opportunities

GFH Group collective investments portfolio valued at AED991mn

Shuaa announces partnership with Arton

Auditors ‘qualify’ Gulfa Mineral Water accounts

All 60 Articles

GULF & ABROAD

Three-fold surge in impairment loss lands Emirates Islamic in AED482mn FY20 loss

BBN Report DUBAI/January 27-2021: Emirates Islamic, the Islamic subsidiary of Emirates NBD, Dubai’s largest bank, closed the financial year 2020 (FY20) with a net loss of...

FAB FY20 profit drops 16 pc to AED10.55 bn; Sayegh to retire soon

FAB in agreement to acquire Bank Audi’s Egypt subsidiary

Aldar gets huge mandate for ‘capital projects’

Tabreed and Masdar expand collaboration efforts

All 272 Articles

CSB gives marching orders to hundreds of officers through new circular

January 22, 2019 CL Jose 1 BENCHMARK,

About 300 officers will retire two years in advance THRISSUR: A circular issued by Catholic...

Three-fold surge in impairment loss lands Emirates Islamic in AED482mn FY20 loss

January 27, 2021 Benchmark Bureau 0 GULF AND ABROAD,

BBN Report DUBAI/January 27-2021: Emirates Islamic, the Islamic subsidiary of Emirates NBD, Dubai’s largest bank, closed...

FAB FY20 profit drops 16 pc to AED10.55 bn; Sayegh to retire soon

January 26, 2021 Benchmark Bureau 0 GULF AND ABROAD,

By CL Jose Dividend payout ratio to be 77 pc; assets down 4 pc since...

FAB in agreement to acquire Bank Audi’s Egypt subsidiary

January 24, 2021 Benchmark Bureau 0 GULF AND ABROAD,

By Amit Chettupuzha Deal expected to be through within a few months ABU DHABI, BEIRUT/January...

Aldar gets huge mandate for ‘capital projects’

January 23, 2021 Benchmark Bureau 0 GULF AND ABROAD,

BBN Report MoU signed between ADQ and Aldar ABU DHABI/January 20-2021: The Abu Dhabi Executive...

Tabreed and Masdar expand collaboration efforts

January 23, 2021 Benchmark Bureau 0 GULF AND ABROAD,

  BBN Report ABU DHABI/January 21-2021: National Central Cooling Company (Tabreed), the leading UAE-based district...

Oman’s Abou Nabil heaps Sultanate’s leading banks with $325 mn bad loans

January 22, 2021 CL Jose 0 GULF AND ABROAD,

India, UAE banks too have large exposures to the troubled group MUSCAT/January 22-2021: The huge...

UAE banks’ assets decline MoM 1.2 pc to AED3.2 trn in November

January 18, 2021 Benchmark Bureau 0 GULF AND ABROAD,

BBN Report M1 up even as M2 and M3 fall during November ABU DHABI/January 17-2021:...

V-Guard acquires 19 pc stake in Mumbai-based Gegadyne Energy Labs for Rs33.5 cr

January 15, 2021 Benchmark Bureau 0 NEWS AROUND,

BBN Report KOCHI, January 15-2021: V-Guard Industries said its board has approved the acquisition of...

Arabtec mulls selling its prestigious subsidiaries – Target and AES

January 13, 2021 Benchmark Bureau 0 GULF AND ABROAD,

BBN Report Puts deNovo, Lumina Capital Advisors on the job DUBAI/January 13-2021: Arabtec, the construction...

FAB’s CNY1.5bn issue becomes second bond in 2 days

January 12, 2021 CL Jose 0 GULF AND ABROAD,

BBN Report Bank all set to cross AED1trn in assets after Q4 results ABU DHABI/...

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GULF & ABROAD

Aldar gets huge mandate for ‘capital projects’
BBN Report MoU signed between ADQ and Aldar ABU DHABI/January 20-2021: The Abu Dhabi Executive Council has approved a framework ...
Read More
Tabreed and Masdar expand collaboration efforts
BBN Report ABU DHABI/January 21-2021: National Central Cooling Company (Tabreed), the leading UAE-based district cooling developer, is expanding its partnership ...
Read More
Oman’s Abou Nabil heaps Sultanate’s leading banks with $325 mn bad loans
India, UAE banks too have large exposures to the troubled group MUSCAT/January 22-2021: The huge bad loans left behind by ...
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UAE banks’ assets decline MoM 1.2 pc to AED3.2 trn in November
BBN Report M1 up even as M2 and M3 fall during November ABU DHABI/January 17-2021: The UAE’s Money Supply aggregate, ...
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Arabtec mulls selling its prestigious subsidiaries – Target and AES
BBN Report Puts deNovo, Lumina Capital Advisors on the job DUBAI/January 13-2021: Arabtec, the construction major that made headlnes with ...
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FAB’s CNY1.5bn issue becomes second bond in 2 days
BBN Report Bank all set to cross AED1trn in assets after Q4 results ABU DHABI/ January 12-2021: First Abu Dhabi ...
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FAB raises $500 mn through sukuk priced at 1.41 pc; issue oversubscribed three times
BBN Report More banks in queue to cash in on record low price ABU DHABI, January 11-2021: First Abu Dhabi ...
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Shuaa-led consortium buys out AED1.13bn debt of SMG
DUBAI/January 10-2021: SHUAA Capital, the leading asset management and investment banking platform in the region on Sunday has successfully completed ...
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At last, thaw in UAE-Qatar relationship!
ABU DHABI, 8th January, 2021: Giving clear indications to a break-away from a longer than three-and-half years old stand-off between ...
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Emirates NBD may have to issue more bonds this year
Bank needs to honour AED16.5 bn worth redemptions this year DUBAI/January 07-2021: Emirates NBD, the largest Dubai-based bank with an ...
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SME HUB

RakBank, MetLife join hands for life insurance solutions for bank customers
BBN Report DUBAI/December 14-2020: MetLife, one of the largest global providers of insurance, annuities, and employee benefit programs, has announced ...
Read More
UAE-UK deal to boost trade, export credit opportunities
By Renji C DUBAI/ November 24-2020: Etihad Credit Insurance (ECI) and the UK Export Finance (UKEF) have signed a reinsurance ...
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GFH Group collective investments portfolio valued at AED991mn
GFH holds minority stakes in Snowflake, UiPath, DoorD, etcash, DataRobot, Samsara, BYJUs, Outreach BBN Report BAHRAIN/November 19-2020: The GFH Financial ...
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LATERAL VIEW

Saudi organisations witness dramatic increase in cyberattacks in 12 months
About 61% of attacks also involve operational technology, Tenable report shows Dubai: As cybercriminals continue their relentless attacks, 95% of ...
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Google’s Pixel 4, Pixel 4a, Pixel XL are first smartphones to be certified by ioXt Alliance
Devices with ioXt SmartCert give consumers and retailers greater confidence in a highly connected world Dubai: Google’s three smartphones - ...
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DIFC FinTech Hive attracts 620 startups for fourth cohort accelerator programme
Applications exceed its previous record of 425 received in 2019 Dubai: The financial technology accelerator DIFC FinTech Hive has attracted ...
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TECH

Venture Catalysts leads investment in Cusmat
Tech startup harness the power of AR/VR/MR and AI-based technologies to upskill, train and assess employees for multiple verticals New ...
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Can Twitter play spoilsport in Microsoft’s acquisition of TikTok’s US operations?
TikTok could a better fit for Twitter rather than Microsoft but it is a bitter pill to swallow Dubai: TikTok ...
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Wai-Eye to assist UAE schools to meet Covid-19 health and safety protocols
Plug-and-play AI solution addresses checkpoints set by the Government and in time to welcome children in September Dubai: Technology, which ...
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