Demand for business credit and personal loans in the UAE rose slightly in the second quarter of 2017 and is expected to continue to increase slowly in the current quarter, according to the central bank. The latest Credit Sentiment Survey from the UAE …
( read original story …)
UAE’s Adnoc in talks with banks for big syndicated loan, project bond: sources
DUBAI (Reuters) – State-owned energy giant Abu Dhabi National Oil Co (Adnoc) is in talks with regional and international banks to obtain a syndicated loan worth several billion U.S. dollars, banking sources familiar with the discussions said on Monday.
( read original story …)
UAE credit demand begins to stabilise from second quarter
Dubai: Demand for credit in the UAE appeared to have stabilised following the recovery registered in the previous quarter, according to the second quarter credit sentiment survey of the Central Bank of UAE. The collects information from senior credit …
( read original story …)
Dubai Medical Fitness Centres to adopt smart system
DUBAI: Dubai Health Authority, DHA, has announced that it will be adopting an electronic system at its Medical Fitness Centres to allow customers to finish all their medical test procedures from one centre or through one of the 40 DHA-approved printing …
( read original story …)
Multiple accidents hit traffic flow in Dubai
Dubai: Motorists across the city faced heavy delays on Monday due to a number of traffic accidents in the morning. An accident took place on Shaikh Rashid Road, near the Sana junction, causing massive delays towards Karama and Shaikh Zayed Road. there is …
( read original story …)
Amlak Finance launches fully-owned property development in Mirdiff
“It will further enhance the value of our real estate investment and fulfil our commitments to our financiers and shareholders.” Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the …
( read original story …)
Abu Dhabi Police unveil new emblem and badge
ABU DHABI: Abu Dhabi Police on Monday unveiled the force’s new tamper-proof badge with a new emblem. Now, police officers have to carry it with them all the time, and have to produce it if a community member asks for it during investigation. Abu Dhabi …
( read original story …)
Abu Dhabi cracks down on illegal accommodation
In an effort to control and eradicate illegal forms of accommodation, the Abu Dhabi Municipality (ADM) has begun a widescale campaign to crackdown on the practice. The authority says violators place a huge burden on the community, and pose a real risk to …
( read original story …)
ADNOC Recognizes Outstanding Individuals Who Make Abu Dhabi’s Oil and Gas Industry One Of The Safest In The World
The Abu Dhabi National Oil Company (ADNOC) announced, last night, the winners of its annual health, safety and environment awards, that celebrate outstanding individuals and teams who make the Abu Dhabi oil and gas industry one of the safest in the world.
( read original story …)
Abu Dhabi Islamic Bank : ADIB posts H1 2017 results
Group net revenues for H1 2017 increased by 4.1 per cent. Abu Dhabi Islamic Bank announced their results for the first half of 2017. Abu Dhabi Islamic Bank incrased net profit by 14.1 per cent in H1 2017 to AED 1,129.1 million. Group net revenues for H1 …
( read original story …)
Good news! Rents in Abu Dhabi turn affordable for tenants
Slackening demand, oversupply and the ongoing economic uncertainty are weighing on Abu Dhabi’s residential real estate market. This has sent residential sale prices tumbling in Abu Dhabi and rents have also declined in most districts, making the UAE’s …
( read original story …)
Abu Dhabi Firm Invests in Nexen
Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO of Mubadala; and Travis Kang, CEO of Nexen Tire, signed the MOU in Abu Dhabi (Photo: Nexen) Nexen Tire aims to accelerate business expansion with new strategic partnership. Nexen Tire and the …
( read original story …)
UAE, a boomtown for startups
these are just a few among a massive wave of startups in the UAE. Among all the key sectors, given the strong support from technology e-commerce, fintech, services, technology and transport and logistics have emerged as the most preferred sectors of …
( read original story …)
Sharjah Police help Russian tourist who missed flight
Sharjah: Sharjah Police’s Community Department has come to the aid of a Russian woman who missed her flight at Sharjah International Airport. The woman, in her 50s, came to the UAE on a visit visa. Major Ahmad Al Subousi, acting director of the Community …
( read original story …)
Dubai’s new Dhs5bn business district to be developed by Tecom
Dubai’s newly unveiled Dhs5bn business district, Emirates Towers Business Park, will be developed by Tecom Group, a member of Dubai Holding, it was announced on Monday. The mega development, launched earlier this month by UAE Vice President and Prime …
( read original story …)
Abu Dhabi Police unveils new ID cards, badge
From now on, each police officer [including non-officers] has to show his official badge with his police ID card so that everybody would know that he represents the Abu Dhabi Police.” Replying to a question of Gulf News whether police officers have to …
( read original story …)
UAE property allegations rubbished
NOT TRUE: President Jacob Zuma denies he owns property abroad. PICTURE: Reuters He does not own property in a foreign country neither has he sought residency in another land for himself or a member of his family, President Jacob Zuma has told Parliament.
( read original story …)