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Posted on May 16, 2020

Shares in Wirecard fall sharply; traders cite concerns about Dubai business partner

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 ... ( read original story ...)

Posted on May 16, 2020

Wirecard’s Dubai business partner enters liquidation

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 ... ( read original story ...)

Posted on May 16, 2020

Wirecard shares plunge as Dubai-based partner shuts shop

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 ... ( read original story ...)

Posted on May 16, 2020

Is Dubai About To Get Another Bailout From Richer Neighbor Abu Dhabi?

The two emirates are reportedly discussing a potential rescue package for the troubled Dubai economy, but what assets might be involved? ( read original story ...)

Posted on May 16, 2020

Built for a global economy, Dubai now threatened by virus

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

Posted on May 16, 2020

Dubai’s historic gold souk shines again after lockdown

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. ( read original story ...)

Posted on May 16, 2020

Dubai Business Women Council Comes Together To Support Members During The COVID-19 Crisis

Many DBWC members came to the financial and emotional rescue of their fellow members during the COVID-19 crisis. ( read original story ...)

Posted on May 16, 2020

Exclsuive: Abu Dhabi in Talks With Dubai for Support Through State Fund Mubadala – Sources

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 ... ( read original story ...)

Posted on May 16, 2020

Over 4,300 needy families in UAE receive up to Dh5,000 each, thanks to bank’s donation

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 ... ( read original story ...)

Posted on May 16, 2020

Rethinking Business: A Look At How Some Enterprises In Dubai Are Transforming Themselves In Response To the COVID-19 Pandemic

"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." ... ( read original story ...)

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