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Month: February 2017

Posted on 06/02/2017

Dubai crude cash spread to swap at three-month high on robust demand

Frontline cash Dubai crude rose to its highest against the same-month Dubai swap in over three months Monday as demand for medium, heavy sour crudes was expected to remain supported on the prospect of the OPEC output cuts could be more apparent to Asian …
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Posted on 06/02/2017

Reminder To Always Request Your Hotel Benefit Letter As Status Customer, Outlining Your On-Property Benefits

This week I stayed at the Le Royal Meridien Abu Dhabi as well as the St.Regis Abu Dhabi at Nation Towers. Both properties didn’t explain the Platinum Benefits properly upon check-in and didn’t ask for the Platinum Amenity either. The latter alone would …
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Posted on 06/02/2017

Banks recovery trigger bounce back in UAE indices

National Bank of Abu Dhabi closed 2.05 per cent higher at Dh9.95. Aldar Properties closed 2.01 per cent higher at Dh2.54. Sharjah Islamic Bank closed 1.97 per cent higher at Dh1.55. Asmak closed 2.99 per cent higher at Dh2.41. Among the losers, Union …
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Posted on 06/02/2017

15.2 Billion Dirhams of margin trading finance in ADX in 2016

and RAK Properties with 1.1 billion Dirhams. In the banking sector, First Gulf Bank shares received 962 million Dirhams of funding, followed by National Bank of Abu Dhabi with 328 million Dirhams. Whereas in other sectors Dana Gas received 516 million …
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Posted on 06/02/2017

UAE shares rebound as measure of business activity jumps to six-month high

FGB, the Abu Dhabi-based lender, and Etisalat, the mobile phone operator, led gains in Abu Dhabi, while Dubai Islamic Bank and Emaar Properties underpinned the rise in Dubai. FGB gained 1.19 per cent, Etisalat 1.14 per cent, DIB 3.9 per cent and Emaar 0.69 …
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Posted on 06/02/2017

ADX registers Dh15.2 billion of margin trading finance

and Rak Properties with Dh1.1 billion. In the banking sector, First Gulf Bank shares received Dh962 million of funding, followed by National Bank of Abu Dhabi with Dh328 million. Whereas in other sectors Dana Gas received Dh516 million; Methaq Takaful …
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Posted on 06/02/2017

Mideast investors opt out of Malaysia due to oil price slump

The project attracted big names such as Kuwait Finance House, Abu Dhabi’s state-owned Mubadala Development Group and Aldar Properties, another real estate developer in Abu Dhabi. But, the ST report said, Arab involvement in Medini fizzled out after the …
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Posted on 06/02/2017

Sobha announces special offer for UAE investors

Also Emiratis can avail of special prices on these properties during an exclusive event planned in Dubai and Abu Dhabi on February 11. Sobha said the Emirati investors will have an option of either choosing from a range of studios, apartments, duplexes …
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Posted on 06/02/2017

Emaar backs Microsoft UAE Imagine Cup 2017

Veresh Sita, Chief Digital Officer for Emaar Properties, said, “Nurturing the next generation … via online campaigns and offline roadshows in universities across Dubai, Abu Dhabi, Sharjah, Ajman and Ras Al Khaimah. The Pan-Arab Finals 2017 will be …
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Posted on 06/02/2017

Dubai Properties’ iconic tower development 1/JBR on track for Q4 2019 completion

Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, has announced that Dubai Contracting Company (DCC) has been awarded the contract for the exclusive luxury sea-front tower – 1/JBR. Work is now steadily advancing …
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Posted on 06/02/2017

Global Investment Banking Internship Program

Global Banking Training – Dubai – 2 month Elite Global Investment Banking Internship is an unique opportunity to gain client-facing experience of real world transactions and working knowledge for Investment Banking, Private Equity and Hedge Fund careers.
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Posted on 06/02/2017

Mohammad approves UAE's new entry visa system

Abu Dhabi: A new entry visa system has been introduced to attract highly qualified professionals and brilliant minds to the country to vitalise its various sectors. The system was approved during Sunday’s Cabinet meeting chaired by His Highness Shaikh …
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Posted on 06/02/2017

Abu Dhabi Racing News: Tadhg O’Shea Wows the Crowd

The Group 3 Al Ruwais, over 1000m, was the feature at Abu Dhabi on Sunday evening and seven may have gone to post but, in reality, the only horse who ever really mattered was AF Maqayes. Trained by Ali Rashid Al Rayhi and a three-time course and distance …
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Posted on 06/02/2017

Facebook remains UAE’s procrastination tool of choice with 95% of residents hitting like

DUBAI // About 95 per cent of UAE residents share their thoughts, photos and video on Facebook – crossing the 90 per cent mark for the first time in the Arab world. Eight million of us are logged into the social media platform, a leap of 3 million from …
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Posted on 05/02/2017

Countering financial crimes remains a top priority of UAE market regulators

Dubai:The capital markets regulator said on Sunday that countering financial crimes remains a top priority of regulators, at the same time providing a supportive environment for new businesses. The UAE recently adopted enhanced regulations in anti-money …
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Posted on 05/02/2017

The snowman of Dubai! Thousands of locals take to sledging as BLIZZARDS hit the Gulf with up to 10cm of snow

Winds of between 75 and 80km per hour ripped across the UAE, causing a crane to topple over onto the main highway running through Dubai on Friday. One person was injured and three cars were destroyed in a fire sparked by the collapse of the crane …
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Posted on 05/02/2017

Dubai residents go car-free for eighth time

Dubai: Dubai’s eighth Car Free Day drive saw a vibrant start … in reducing the carbon emission and the effect on the environment,” Lootah told Gulf News. As announced earlier, Lootah said, the municipality will link the event with the Year of Giving …
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