April, 2022

• 8 April

  Adib postpones EMIs for finance customers

  

  Abu Dhabi / Gulf Time Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution, announced it would be postponing one monthly installment for its personal finance customers at no fees or extra charges. The postponement aims to provide the banks customers with cash flow relief during the Holy Month of Ramadan, which is known to be a month of ...

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• 8 April

  Agthia group okays 8.25% cash dividend

    Abu Dhabi / Gulf Time Agthia Group PJSC, one of the region’s leading food and beverage companies, held its 17th Annual General Meeting (AGM) virtually on Thursday. At the AGM, the shareholders approved the Board of Directors’ proposal for a cash dividend of 8.25%, equivalent to 8.25fils per share, in line with the group’s semi-annual dividend policy. Total dividends ...

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• 8 April

  Adib postpones instalments for finance customers during Ramadan

  

    ABU DHABI / Gulf Time Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution, announced it would be postponing one monthly installment for its personal finance customers at no fees or extra charges. The postponement aims to provide the banks customers with cash flow relief during the Holy Month of Ramadan, which is known to be a month ...

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• 8 April

  Emirates ramps up global operations

    DUBAI / WAM Emirates announced it will ramp up its global operations with the restart of services to four destinations, including Bali, London Stansted, Rio de Janeiro, and Buenos Aires. The airline has also announced it will boost services to Nigeria, Mauritius and Singapore to serve market demand. In line with the easing of travel restrictions worldwide, Emirates continues ...

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• 8 April

  National Bonds investments up 36% to AED11.89b in ’21

  

    DUBAI / WAM National Bonds, the UAE’s Shari’a-compliant savings and investment company owned by the Investment Corporation of Dubai, saw its investments increased by 36% to AED11.89 billion in 2021, indicating a positive accelerated growth in the culture of savings in the UAE. The company reported an increase of 64% in sales, attributing the growth to its innovative savings ...

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• 8 April

  EGA, Saudi Ma’aden cooperate on tech in aluminium value chain

  

    Dubai / WAM Emirates Global Aluminium (EGA) and Saudi Arabian Mining Company (Ma’aden), Saudi Arabia’s national mining company, signed an agreement to extend their exploration of potential collaboration on technology in the aluminium value chain. Saeed Mohammed Al Tayer, EGA’s Vice Chairman, and Musabbeh Al Kaabi, EGA Board member, witnessed the signing in Dubai by Abdulnasser bin Kalban, EGA’s ...

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• 8 April

  Legacy of Expo 2020’s ‘Vision Pavilion’ will live on as part of District 2020

  

  Dubai / WAM The Vision Pavilion, celebrating the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, will continue to delight and enthral as part of the legacy of Expo 2020 Dubai. The pavilion – one of the undeniable highlights of more than 200 pavilions across Expo ...

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• 7 April

  Air Arabia Abu Dhabi to start flights to Jaipur from May 5

  

  Abu Dhabi / WAM Air Arabia Abu Dhabi, the capital’s first low-cost carrier, has announced a new service to Jaipur, the capital of Rajasthan, starting from May 5. Abu Dhabi travellers will now be able to fly direct to Jaipur International Airport at competitive prices, the airline company said on Thursday. Jaipur or the Pink city, is the capital and ...

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• 7 April

  Only one thing will help Ukraine now. Weapons

  

  The first stage of the war in Ukraine didn’t go according to Vladimir Putin’s plan, but it is the next four weeks that could determine how the map of Europe is changed as a result of his invasion. The incremental sanctions tightening we’ve seen in recent days will make little difference to that battle. It will also require a major ...

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• 7 April

  Debut of GoTo is indeed a costly ride

  

  The much-awaited debut of GoTo, the combination of ride-hailing app Gojek and e-commerce firm PT Tokopedia, offers investors a stark choice. Base your bet on near-term metrics like valuation and growth, or take a longer view of Indonesia’s growing middle class and digital economy. On the numbers alone, GoTo’s initial public offering looks expensive. Subtract the estimated $4 billion cash ...

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