The government is asking El Al Israel Airlines to issue shares as part of a bailout package, the carrier said on Sunday. JERUSALEM, June 7 (Reuters) – The government is asking El Al Israel Airlines …
Commercial Bank of Dubai drops credit card limit by 95%
One of the UAE’s largest banks has reduced credit card limits for some customers by 95% despite an AED100 billion stimulus package by the Central Bank of the UAE to help ease the financial burdens of …
Dubai’s Financial Hub Invests in Four FinTech Startups
Dubai International Financial Centre invested in four financial technology startups as part of the business hub’s $100 million fund to help companies seeking access to Middle East, Africa and South …
Used car sales bounce back 150% in UAE
“Consumers are looking for the most value for money when purchasing their next car and the smart choice is to buy a quality used car,” he said. Carzaty was founded in 2017 and operates in the UAE and …
As US protests spread, parents of students want their kids to return to UAE
This request gains urgency as the Black Lives Matter movement is triggering waves of protests that continue across the US.
N. Korea’s cruel dilemma
North Korea is confronting the same dilemma that more advanced countries are facing when it comes to COVID-19: whether the cure will prove more damaging than the disease. When COVID-19 broke out in …
Afghanistan: Paksitan proxy Haqqani network driving Taliban’s strategy
Pakistan has been supporting terrorist groups in the past and current revelations in the UN report on the role of Haqqani network in steering Taliban agenda should come as no surprise.
Thailand plans additional stimulus measures to support virus-hit economy
Thailand plans to introduce additional stimulus measures from the third quarter to spur domestic consumption and tourism as the coronavirus outbreak hits the Southeast Asian country, the finance …
Thai Airways rehabilitation may take up to seven years, legal advisor says
The rehabilitation of flag carrier Thai Airways International Pcl may take up to seven years, the airline’s legal advisor said on Monday. After the bankruptcy court allows the rehabilitation, its …
Iran says scientist back home from US after prisoner swap
An Iranian scientist returned home Monday after his release from a US jail in what state media said was a prisoner exchange Tehran hopes can be repeated between the arch-foes. Majid Taheri — an …