Dubai: Banks in the UAE have been getting bogus financial statements from some of their small business clients using the letterheads of reputed audit firms, according to a senior industry source. The…
Tag: firms
FAB, Brookfield move closer to combining UAE payment processing firms Network, Magnati
FAB was one of the investors along with Canada’s Brookfield that announced plans to acquire 100 per cent of Dubai-based Network International. (The latter was listed in London.) FAB was also the…
UAE retailers, hospitality firms fine-tine strategy to tap luxury Chinese travelers
Dubai: Easy payment options in their own currency, dedicated staff to help with the language, and package tours have all been deployed by UAE retailers and hospitality companies to tap Chinese tourists…
Gulf Data Hub’s minority stake sale draws private equity firms
Gulf Data Hub, established in 2012, aims to conclude the sale as soon as the third quarter of this year, the people said. It’s hoping to fetch as much as $1 billion…
Adani firms clear plan for $3.5 billion fundraising
Adani Energy Solutions Ltd. had received similar consent from its board on Monday to raise as much 125 billion rupees ($1.5 billion), in a sign that the ports-to-power conglomerate will step up…
London firms are letting more staff work entirely from home
The proportion of white-collar jobs at companies in London that are entirely remote has risen from 18% to 22%, a survey by Hays Plc found. That puts London equal with the east…
UAE rains: Dubai's homeowners, property firms rush to tap funds on damage repairs
Dubai: Homeowners’ associations and property management companies in Dubai have called emergency meetings for immediate assessments on damages sustained to their residences and residential buildings. These meetings will also address how available…
OpenAI's Altman pitches ChatGPT Enterprise to large firms, including some Microsoft customers
OpenAI Chief Executive Sam Altman has hosted hundreds of Fortune 500 company executives in San Francisco, New York and London this month where he and other OpenAI executives pitched AI services for…
‘Don’t bring your iPhones to work’: Chinese firms tell employees
For over a decade, China has been seeking to reduce reliance on foreign technologies, asking state-affiliated firms such as banks to switch to local software and promoting domestic semiconductor chip manufacturing. Multiple…