Category: BUSINESS

Shares in Wirecard fell more than 13% to their lowest in more than two years on Friday, traders pointing to a tweet about a business partner based in Dubai liquidating as the reason for the sudden …

Wirecard’s most significant business partner of recent years, a Dubai business central to whistleblower allegations that the German payments group fraudulently inflated sales and profits, has …

The two emirates are reportedly discussing a potential rescue package for the troubled Dubai economy, but what assets might be involved?

Shares in Wirecard fell to more than two-year lows on Friday after a Dubai-based business partner closed its doors even as the German payments company played down the impact on operations. The shares …

Under pressure even before the outbreak, Dubai and its vast web of state-linked industries face billions of dollars in looming debt repayments.

Evening dresses made of gold mesh, gilded sunglasses and glittering crowns are sparkling again from the windows of Dubai’s historic gold souk which was shuttered during the coronavirus lockdown.

Many DBWC members came to the financial and emotional rescue of their fellow members during the COVID-19 crisis.

More than 4,300 families have received financial support from a charity association in Ras Al Khaimah, thanks to the Dh12.8-million donation of Dubai Islamic Bank. Each family received about Dh1,500 …

Dubai has developed quickly to become the Middle East’s tourism, trade and business hub, while Abu Dhabi is the UAE’s political capital beca …

“Yes, you have to act fast and make some big decisions, but do this based on data, rather than feeling, or because everyone else is.” …