Worshippers get parking relief near mosques in Dubai

Dubai: Worshippers rushing to the mosques following iftar can breathe a sigh of relief as they get a grace of 45 minutes from the time of Maghrib Azaan (dusk prayers), Gulf News can confirm. A Roads and Transport Authority (RTA) spokesperson told Gulf News ... ( read original story ...)

UAE witnesses trafficking trend of liquid cocaine

Dubai: The UAE has identified a new trend for trafficking drugs in the form of liquid cocaine, according to an Interpol report published on Tuesday. Operation Lionfish – ASEAN, which involved more than 2,000 police and customs officials across 14 ... ( read original story ...)

Cabinet approves establishment of UAE Sharia Ifta Council

Abu Dhabi: The Cabinet has approved the establishment of a UAE Sharia Ifta Council as a religious entity to unify, regulate and streamline Islamic fatwas in the country, highlight the tolerance of Islam, and reduce the difference over Sharia issues and ... ( read original story ...)

Why Dubai is a hotspot for property investors

From its beginnings as a fishing and pearling port, Dubai has morphed into a glittering global marvel today. It has defied the norms and defined the extraordinary to captivate the world. Glamour and grandeur have now been synonymous with Dubai as it builds ... ( read original story ...)

German Authorities Target British Investor for Tax Evasion

He currently lives in Dubai. Former senior people at the Hamburg-based bank ... In September 2015, Mr. Shah’s now defunct London-based hedge fund, Solo Capital, transferred €222 million to an account at Varengold Bank in Hamburg. The acount belonged ... ( read original story ...)

Middle East Crude-Benchmarks weaken as July trade slows

Cash Dubai widened to 59 cents below swaps ... kingdom's policy of cooperation with major oil producers to rebalance markets and limit volatility. *Hedge fund managers had already closed out many of their bearish short positions in crude oil before ... ( read original story ...)

Buy now, pay later deals spur Dubai property market

Developers have used payment plans as a key tool to reinvigorate the real estate market since 2014, changing from mostly front-loaded to back-ended payment plans. In 2013, more than 80 per cent of launches had payment terms that were front-ended, whereas ... ( read original story ...)

UAE forms Fatwa Council to advocate moderate Islam

... board members of the Higher Sharia Board for Banking and Finance to strengthen consistency of the Islamic finance industry across the UAE. The Board is responsible for setting rules, standards and general principles for banking and financial ... ( read original story ...)

Canadian Solar to supply modules to Dubai project

Canadian Solar, one of the world's largest solar power companies, has been selected as the sole module supplier to provide 268 MW of double-glass Dymond modules for the first phase of the 800 MW Mohammed bin Rashid Al Maktoum Solar Park (Dewa Project) in ... ( read original story ...)

India and the UAE: Ancient Alliance, New Opportunities

The UAE may hold the key to India’s establishment as a leading world power and major emerging economy. With historical ties that date back centuries and opportunities for growth in industries such as realty, finance and trade, all signs point to a ... ( read original story ...)