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Retail
Photos: Japan startup develops ‘Gundam’-like robot with $3 million price tag
Look: Startup develops $3m-priced ‘Gundam’-like robot
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Banking
With UAE National Bonds ‘My One Million’, customers get a shot at saving Dh1 million
To sign up, customers can choose the plan’s duration, then set up the monthly contribution, and keep repeating it. They also have the option to make an initial savings amount, which is optional and applies to both individuals and corporations. “Our mission is to empower individuals and corporations…
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Banking
ADIB successfully redeems $750 million AT1 perpetual sukuk issued in 2018
These sukuk were initially issued on September 20, 2018, at a profit rate of 7.125 per cent. The redemption was made at the trustee call amount, which includes the face value of the certificates and any outstanding payments as of September 20, 2023. Following the redemption, the trading…
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Banking
Credit Suisse unit ordered to pay Georgian tycoon Ivanishvili $743 million
The ruling, the first since the troubled bank was taken over by rival UBS Group in June, is the latest development in the Singapore chapter of the long-running saga that’s spanned three continents. The case revolves around the case of private banker Patrice Lescaudron who was convicted in…
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Aviaton
Saudi Arabia: Passengers receive SR58 million in compensation from Saudi aviation companies
Dubai: The General Authority of Civil Aviation (GACA) in Saudi Arabia has announced that national aviation companies paid a total of SR58 million in compensation to passengers during 2021 and 2022. The compensation cases primarily stemmed from issues such as damage, or loss of baggage, flight cancellations and…
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