The purchase was funded from Almarai’s internal cash flows
“We expect the group to return to profitability in 2022-23″ – Sheikh Ahmed bin Saeed, Emirates Group chairman
Banks are the largest distributors of profits
Money not being spend in the next one to two months can be put to much better use in an interest-accruing account or investments
Those arrested were allegedly involved in a scheme that transferred more than SAR11.5bn outside the country
As societies adopt more digital payment tools, it is important to bring along the 25 million locally who are still living in cash mode
This move came after the central bank met the market needs for liquidity over the previous months
IATA urged governments to support the industry during the coming winter season with additional relief measures, including financial aid
Facebook announces grant of USD 544,609 to support Dubai small businesses in their economic recovery following the pandemic
Cash accounts for about 11.5 per cent of its investments, which the fund aims to cut to 4 per cent over the next seven months
The “incremental” funding will be used to support working capital needs
The airline crossed its target by early June, expanding its processing capability from a monthly average of 35,000 requests to nearly 200,000
The initiative will grant an alternative channel to customers seeking access to cash
The fall in oil prices has put a strain on the finances of Middle Eastern energy-producing countries