A niche Indian loan market hasn’t been so quiet in 14 years

New Delhi: Lending by Indian banks is drying up in a niche market that is important for lower-rated companies. There has been only one deal in the rupee syndicated market since April 1, of about Rs40 billion ($529 million), putting this quarter on track for the lowest tally in fourteen years. That compares with Rs452.4 […]

Good news for seafood lovers. Prices of hamour fish, king fish, shrimps fall in Dubai

Dubai: Seafood lovers in Dubai are in for a feast. While prices of most varieties of fish have remained consistent over the past week, hamour, king fish and shrimps have seen a reduction in cost. It’s time to visit the nearest fish market in Dubai and stock up on your favourite variety. However, the price […]

Prices of fruits and vegetables remain stable in Dubai

Dubai: The prices of most fruits and vegetables in Dubai have remained stable over the past few weeks. With most families and individuals limiting the majority of their expenditure to grocery shopping, this price stability will help keep household budgets in check. The minimum price of face masks has also seen a reduction. As soon as […]

COVID-19 hit: Gulf salaries, benefits in for another set of cuts

Dubai: The hard times are here – a majority of businesses in the Gulf are planning to adjust “one or more” elements in their employee compensation packages, which will include suspended or delayed salary increases. Most businesses have already opted for reduction in base salary and allowances, initially for three to four months after COVID-19 […]