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BENCHMARK EXCLUSIVES

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...

Auditors qualify Union Properties’ FY20 accounts too

Central Bank issues 2 new Payment Systems regulations

NMC Health’s 2021 EBITDA forecast surpasses FY19 by far!

Etisalat to set record for largest-ever cash dividend in Corporate UAE?

All 420 Articles

NEWS AROUND

Fall in bad loans helps PNB post Rs506 cr Q3 profit

BBN Report Net NPA down to 4.03 pc from 7.18 pc a year earlier MUMBAI/February 05-2021: A substantial decline in bad loans helped the second...

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

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

All 397 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

Emirates NBD to sell controlling stake in Dubai Bank

CL Jose Eradah Capital to conclude acquisition during 2021 DUBAI/April 07-2021: After being under the control of Dubai Government one way or other right from...

Takaful Emarat turns around; makes AED7mn profit

FAB completes payments business carve-out

Auditors express ‘Adverse Opinion’ on BILDCO FY20 accounts

Indosat Ooredoo to sell 4200 towers for $750 mn

All 313 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...

Emirates NBD to sell controlling stake in Dubai Bank

April 7, 2021 Benchmark Bureau 0 GULF AND ABROAD,

CL Jose Eradah Capital to conclude acquisition during 2021 DUBAI/April 07-2021: After being under the...

Takaful Emarat turns around; makes AED7mn profit

April 6, 2021 Benchmark Bureau 0 GULF AND ABROAD,

BBN Report DUBAI/April 05-2021: Takaful Emarat, the DFM-listed Shariah-compliant life and health takaful provider, has...

FAB completes payments business carve-out

April 4, 2021 Benchmark Bureau 0 GULF AND ABROAD,

BBN Report Magnati now a fully-owned subsidiary of FAB ABU DHABI/April 04-2021: First Abu Dhabi...

Auditors express ‘Adverse Opinion’ on BILDCO FY20 accounts

March 31, 2021 Benchmark Bureau 0 GULF AND ABROAD,

CL Jose 'Negative cash flow, large current liabilities raise concerns' ABU DHABI/March 30-2021: The auditors...

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

March 31, 2021 Benchmark Bureau 0 BENCHMARK,

BBN Report One of largest deal in UAE  is valued at AED3.5 bn ABU DHABI/March...

Indosat Ooredoo to sell 4200 towers for $750 mn

March 30, 2021 Benchmark Bureau 0 GULF AND ABROAD,

BBN Report Sale and leaseback deal signed with Edge Point Indonesia DOHA (Qatar)/March 30-2021: Ooredoo...

AED500 mn redevelopment plan for Yas Mall

March 29, 2021 Benchmark Bureau 0 GULF AND ABROAD,

BBN Report ABU DHABI/March 29-2021: Aldar Investment announced a AED500 million redevelopment plan for Yas...

Eshraq reports AED80 million net loss for FY20

March 29, 2021 Benchmark Bureau 0 GULF AND ABROAD,

BBN Report Marina Rise project on schedule for completion ABU DHABI/March 29-2021: Eshraq Investments, the...

Auditors qualify Union Properties’ FY20 accounts too

March 23, 2021 Benchmark Bureau 0 BENCHMARK,

By CL Jose Accumulated losses at 45.7% of share capital; plans share buyback DUBAI/March 23-2021:...

Central Bank asks Amlak to submit ‘capital plan’ before March-end

March 22, 2021 Benchmark Bureau 0 GULF AND ABROAD,

By CL Jose Accumulated losses at AED2.28 bn account for 152 pc of paid up...

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GULF & ABROAD

Auditors express ‘Adverse Opinion’ on BILDCO FY20 accounts
CL Jose 'Negative cash flow, large current liabilities raise concerns' ABU DHABI/March 30-2021: The auditors of Abu Dhabi National Company ...
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Indosat Ooredoo to sell 4200 towers for $750 mn
BBN Report Sale and leaseback deal signed with Edge Point Indonesia DOHA (Qatar)/March 30-2021: Ooredoo on Tuesday (March 30) announced ...
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AED500 mn redevelopment plan for Yas Mall
BBN Report ABU DHABI/March 29-2021: Aldar Investment announced a AED500 million redevelopment plan for Yas Mall to reinforce the asset’s ...
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Eshraq reports AED80 million net loss for FY20
BBN Report Marina Rise project on schedule for completion ABU DHABI/March 29-2021: Eshraq Investments, the Abu Dhabi Securities Exchange-listed investment ...
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Central Bank asks Amlak to submit ‘capital plan’ before March-end
By CL Jose Accumulated losses at AED2.28 bn account for 152 pc of paid up capital DUBAI/March 21-2021: Even while ...
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TESS drawdown by UAE banks halves to AED22 bn since Q2 FY20
BBN Report Real economy projected to grow 2.5 pc in FY21 ABU DHABI/March 18-2021: While the Targeted Economic Support Scheme ...
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Aldar offer for a majority stake in EGX-listed real estate company SODIC
BBN Report Eyes to acquire minimum 51pc of outstanding share capital ABU DHABI/March 14-2021: Aldar Properties has submitted a preliminary ...
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Dana Gas reports AED1.38 bn loss for FY20
BBN Report Group recognises non-cash impairment of AED894 mn SHARJAH/March 12-2021: Dana Gas Group reported net loss of $376 million ...
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DIC profit plunges 47pc to AED348 mn on fair valuation loss
BBN Report Recommends 8 pc cash dividend DUBAI/March 11-2021: Dubai Investments Group, comprising its subsidiaries, has reported profit of AED347.6 ...
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Shuaa FY20 profit grows 168pc to AED125 mn
BBN Report Board recommends 3 pc cash dividend DUBAI/ March 10-2021: Shuaa Capital, the leading asset management and investment banking ...
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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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