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Banks in France facing $1.1bn fines after raids

BLOOMBERG French banks including Societe Generale SA and BNP Paribas SA face collective fines of more than 1 billion euros ($1.1 billion) as part of a probe into tax fraud and money laundering related to dividend payments. HSBC Holdings Plc, Natixis SA and BNP’s Exane unit are also part of the investigation, according to the prosecutors’ office in Paris, which ...

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UAE has become world’s favourite destination for living, doing business, says Khalifa Saif Almuheirbi

ABU DHABI / GULF TIME Khalifa Saif Almuheirbi, Chairman of the Arabian Gulf Investments Company, affirmed that the cabinet’s decisions approving 24 national initiatives to double re-exports from the UAE by 100% will contribute to strengthening the country’s economic position and placing it among the global countries. Almuheirbi stated that considering the year 2023 the strongest economically shows the huge ...

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Immerse in traditions of Holy Month of Ramadan with Asha’s WAFI

DUBAI / GULF TIME The Holy Month of Ramadan is upon us and Asha’s welcomes families, friends and loved ones to treasure special moments at a contemporary-meets-traditional Ramadan Iftar menu. Celebrate the spirit of togetherness and embark on a culinary journey this Ramadan with a sublime Iftar offering from the appetizing Asha’s sharing platter to our main course dishes, such ...

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