Vodafone Idea on Thursday told the Supreme Court that the total demand of adjusted gross revenue (AGR) dues it faces is Rs 50,000 crore, plus the interest and the penalty,…
A Pakistan Minister has said that the country has met most of the conditions set by the Financial Action Task Force (FATF), the Paris-based global watchdog, against financial crimes. At…
Apple has become the first US company to touch $1.5 trillion market cap according to investors and analysts. Strong App Store sales, ARM chips-run Macs and an upcoming 5G iPhone…
The US Federal Reserve projected the interest rates to remain at the current level through at least 2022. It also kept its benchmark interest rate unchanged at the record-low level…
Dubai Islamic Bank, DIB, has successfully closed a US$1 billion long five-year Sukuk with a profit rate of 2.95 percent per annum, which is equivalent to 245 basis points (bps)…
Ras Al Khaimah, RAK, has got its ‘A’ rating affirmed by global agency Fitch Ratings, with a Stable Outlook. The emirate has been sticking to this rating for more than…
France launched rescue plan for its aerospace industry on Tuesday, warning 100,000 jobs were directly at stake due to the coronavirus crisis travel slump, Reuters reported. The plan aims to…
Amid the COVID-19 pandemic, the global economy is on track to shrink by 5.2 per cent this year. It will be the deepest recession since the Second World War, the…
Covid Emergency Credit Facility announced as part of the Aatma Nirbhar Bharat Package is aimed at all companies and not just MSMEs, Finance and Corporate Affairs Minister Nirmala Sitharaman said…
Sharjah Media City, known as Shams, and one of the leading financial institutions in the UAE, Mashreq Bank have announced a strategic partnership to boost entrepreneurship and support business owners…
