Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
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The Central Bank of the UAE has granted a licence to Russia’s MTS Bank, according to information on its website on Wednesday.
MTS Bank is registered in Abu Dhabi and received the licence last year, the information shows.
It is a fintech unit of Russia’s largest mobile operator Mobile TeleSystems. The Financial Times reported the approval from the central bank earlier on Wednesday.
Russians were the top non-resident buyers of residential property in Dubai in the third quarter, consultancy Betterhomes said in October, as they seek a safe haven from the Ukraine conflict.
The UAE, like Saudi Arabia, is a member of the Opec+ oil alliance that includes Russia and has maintained good ties with Moscow despite Western pressure to help isolate Russia over the invasion of Ukraine, which Moscow calls its “special military operation”.
Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
business1 day ago
Authorities said the Adani Group chairman and seven other defendants agreed to pay the bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years
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Company strengthening regional presence and service offering
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Sinochem may keep three refineries in China's Shandong province
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Company’s backward integration model reaps dividends
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Participating companies announce several cooperation achievements
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