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NBF awarded ‘Best Islamic Window – UAE’

Dubai / WAM National Bank of Fujairah (NBF), announced on Sunday that NBF Islamic has retained the ‘Best Islamic Window – UAE’ accolade for the third consecutive year at the Islamic Business and Finance Awards 2018. Hosted by CPI Financial, the Islamic Business and Finance Awards recognises the efforts of business leaders as they seek to promote their organisation’s Shari’a ...

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11.58mn tourists visit Dubai in first 9 months of 2018

Dubai / WAM Dubai remains on track to becoming the most visited city for global travel, business and events, according to the latest visitation figures released by Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism). The emirate welcomed 11.58 million visitors in the first three quarters of 2018, with India retaining its position as Dubai’s leading source market, followed ...

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Eskom’s looming ‘death spiral’ menaces South African economy

Bloomberg Bloated by debt, bled by corruption and battered by structurally declining sales, South African power utility Eskom Holdings SOC Ltd is facing what’s known in the industry as a “death spiral.” And the Johannesburg-based company poses the biggest credit risk to Africa’s most industrialised nation, according to S&P Global Ratings. More than a decade of unreliable supply and surging ...

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