Sunday 2 October 2016
 
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Uber tests new payment option in the UAE

Ride-hailing service Uber is testing out a new cash payment option for rides in the UAE. The pilot in Dubai and Abu Dhabi makes the UAE the seventh country to test cash payments, following the launches of Saudi Arabia, Egypt, Jord

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Emirates to repay two bonds totalling over $1.1bn

Emirates Airline has announced that it will be closing two bonds in full this month, amounting to a total of $1.1 billion, which will be repaid from its own cash resources. The airline announced that it has repaid a bullet bond in

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Emirates to repay two bonds totalling over $1.1bn

Emirates Airline has announced that it will be closing two bonds in full this month, amounting to a total of $1.1 billion, which will be repaid from its own cash resources. The airline announced that it has repaid a bullet bond in

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Reem Investments posts $57m net profit

Reem Investments, a leading investment company in Abu Dhabi, has posted a net profit of Dh211 million ($57.4 million) for the financial year 2015.   It was announced at the recently concluded annual general meeti

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Ahli United approves 18pc cash dividend distribution

Ahli United Bank has approved the distribution of a cash dividend of 18 per cent (4.5 cents per share) together with bonus shares of five per cent for shareholders at its recently held Annual General Meeting and the Extraordinary General Meeti

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DCCC expands collateral basket to include major currencies

The Dubai Commodities Clearing Corporation (DCCC), the central counter-party (CCP) for the Dubai Gold and Commodities Exchange (DGCX), said that clearing members will now be able to deposit cash collateral to the corporation in the form of eur

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BCFC approves 45pc cash dividend

Bahrain Commercial Facilities Company (BCFC) shareholders have approved a cash dividend of 45 per cent (45 fils) of the paid up capital of BD7.2 million ($19.09 million), unchanged from 2014, said a report in the Gulf Daily News (GDN),

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Sico declares 5pc cash dividend

Securities and Investment Company (Sico), a conventional wholesale bank in Bahrain, has approved the distribution of a cash dividend of BD2.1 million ($5.6 million) for last year.   It represents five per cent of

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BKIC approves 30pc cash dividend payout

Bahrain Kuwait Insurance Company’s (BKIC) shareholders will receive a cash dividend of 30 per cent (BD2.1 million/$5.6 million) of the paid-up capital, it has emerged reported the Gulf Daily News (GDN), our sister publication.

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Al Baraka to pay $22m dividend to shareholders

Shareholders of Al Baraka Banking Group (ABG) have approved the distribution of $22.1 million as cash dividend, amounting to two cents for each share equal to two per cent of the par value of the share, and to transfer of $124.3 million to the

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