Yearly Archives: 2020

Credit misallocation causing lasting risks to economies, and needs course-correction Bankruptcy frameworks need to prepare for potential impact of credit losses on banking...

Lockheed Martin (NYSE: LMT), the United States-based global technology leader, announced today that its annual summer internship program for UAE university students will run...

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has ordered...

Negative interest rates are coming and investors will now be looking to bolster their portfolios to ‘get ahead of the curve and build wealth’,...

Global lockdowns have been in place for weeks and they are causing economic turmoil. The downturn is expected to be the worst since the...

In late April, the US Centers for Disease Control and Prevention updated its list of COVID-19 symptoms. The CDC initially listed fever, cough, and...

The Ministry of Finance (MoF) has denied any plans currently to raise the Value Added Tax (VAT) in the United Arab Emirates. VAT is...

Saudi Arabia will increase its value-added tax, VAT, from 5 to 15 percent in July, the Finance Ministry said on Monday, as part of...

The Covid-19 pandemic is like nothing any of us has ever experienced. The crisis will undoubtedly have far-reaching implications for people, businesses and society...

COVID-19 has placed the whole world on lockdown, with new research from the World Tourism Organization showing that 100% of global destinations continue to...

Global equities performed positively during the week as investors are encouraged by synchronized policy responses by leading Central Banks, and gradual reopening of the...

Group records 32nd consecutive year of profit of AED 1.7 billion (US$ 456 million) Group revenue of AED 104 billion (US$ 28.3 billion) impacted by planned...

Airports Council International (ACI) World has released updated modelling that shows the worsening economic impact on the global airport industry. The forecasts of prolonged –...

At the end of April, Forbes counted 77 billionaires who had donated to different causes to do with coronavirus relief. The biggest donation came...

When you initially signed your mortgage contract in Dubai, you have been advised by your banker to run the numbers and make sure you...

Covid-19 has rapidly become an economic shock for the global economy. Initially rocking China, global economic expectations changed dramatically in early March, and have...

Studies are underway to test whether giving a shot of BCG vaccine could protect doctors and nurses against COVID-19. One of the oldest vaccines could...

Abu Dhabi Music & Arts Foundation announced today its first Cultural Ramadan Series featuring a rich lineup of Ramadan special events as part of...