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Month: July 2017

Posted on 31/07/2017

7 things happening in the UAE this week

Revo Café at Anantara The Palm Dubai Resort is offering guests bottomless coffee and a slice of cake for Dh35 until the end of August. Enjoy free Wi-Fi and a relaxed atmosphere – perfect for a work day out. They also serve breakfast all-day in case you …
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Posted on 31/07/2017

Customising ICT solutions for clients

If you come to me and you say you have a problem with your accounting, say it is hosted in Dubai or the US, how I help you achieve … Let’s say you want a Wi-Fi connection, what product are you using to achieve or deliver this? The product is one …
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Posted on 31/07/2017

Ship was parked at Karachi port for two days: Coast guard

“The ship was parked at Karachi port for two days after it arrived from Dubai. It then left for Alang ship-breaking … The vessel was found transmitting its identity on wireless,” a coast guard official said. During earlier voyages, the vessel was …
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Posted on 31/07/2017

Cellphone service could be spotty for rural eclipse-watchers

“We have actually experimented with this vehicle flying in Dubai’s skies.” Here’s hoping it works. And that we can get a fleet of them for Austin. We’d all like better, more consistent Wi-Fi networks, right? Well, Qualcomm on Monday rolled out some …
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Posted on 31/07/2017

Mashreqbank psc : Mashreq launches MashreqPay banking wallet in the UAE

Mashreq Bank, has announced the launch of MashreqPay – a digital mobile wallet providing secure easy-to-use payment for purchases, anywhere in the world where cards are accepted and the merchant terminal has NFC (near-field-communication) capability.
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Posted on 31/07/2017

Dubai Investments Real Estate signs AED 1.1 billion financing deal with FAB and ADCB

The deal was signed by Khalid Bin Kalban, Managing Director & CEO of Dubai Investments and Chairman of DIRC, André Sayegh, Deputy Group CEO of FAB, and Colin Fraser, Head of Wholesale Banking at ADCB. Commenting on the transaction, André Sayegh said …
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Posted on 31/07/2017

FAB Wealth Sentiment Index down 1.3pc in July

he First Abu Dhabi Bank (FAB) Wealth Sentiment Index (WSI) for the UAE has decreased slightly from 1054.52 in June, to 1040.66 in July 2017, reflecting a 1.3 per cent change. The July score reflects a range of factors, including a fall in inflation …
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Posted on 31/07/2017

Dubai Investments unit signs $299m loan deal

Dubai Investments Real Estate Company (DIRC) has signed a Dh1.1 billion ($299.47 million) financing deal with First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank (ADCB) for its Mirdif Hills development in Dubai, UAE. DIRC is the real estate …
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Posted on 31/07/2017

Clyde & Co. bolsters construction practice with Dubai partner hire

Heywood will be based in the firm’s Dubai office, making him the sixth specialist construction … international arbitration, finance & banking, projects and construction, real estate, regulatory and investigations, and technology.
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Posted on 31/07/2017

Race on for Uae’s ‘Workplace of the Year’ Award

National Bank of Fujairah and Gulftainer, which is also competing for the Health & Safety Initiative of the Year award along with HLG Contracting, Dubai Islamic Bank and Khidmah. “Having a wellness initiative is one thing, however securing the support of …
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Posted on 31/07/2017

Mideast funds more positive on equities

Dubai: Middle East fund managers have become more positive … and an absence of additional negative political events. The region’s banking sector is the top pick for one manager, who cited improving margins and “optimisation of funding costs …
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Posted on 31/07/2017

Gulf Petrochem Group closes US$150 million financing deal

Mr. Salah Mohammed Amin, Executive Vice President, Corporate Banking, Emirates NBD also added, “The positive response for this facility confirms the interest in key sectors in the UAE and the trust endorsed to Gulf Petrochem Group’s strong financial …
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Posted on 31/07/2017

Abu Dhabi Ports in Talks for Africa Deal; Signs China Accord

Abu Dhabi Ports is discussing a possible deal in Africa to take advantage of the continent’s growing trade with Asia, Chief Executive Officer Mohamed Juma Al Shamisi said, as the government-run terminal operator got a $300 million investment from China.
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Posted on 31/07/2017

UAE expats decry ‘job discrimination’

Dubai: Some UAE expatriates have lashed out at a career listings … You cannot view this page again,” the message sent to Hillal reads. Contacted by Gulf News, Hillal said she found the hiring agency rather offensive and racist towards Filipinos in …
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Posted on 31/07/2017

Abu Dhabi issues 4,538 new trade licenses in H1

the Emirates official news agency. The half annual report of the ADBC stated that the total number of commercial, industrial and tourist licences reached 111,039, out of which 71,696 were issued in Abu Dhabi, 30,605 in the eastern region, and 8,738 in Al …
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Posted on 31/07/2017

Abu Dhabi Ports in Talks for Africa Deal to Feed Trade With Asia

(Bloomberg) — Abu Dhabi Ports, the government-run terminal operator, is discussing a possible deal in Africa to take advantage of the continent’s growing trade with Asia, Chief Executive Officer Mohamed Juma Al Shamisi said. Shipping between Africa and …
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Posted on 31/07/2017

Abu Dhabi to launch $204m development projects

Developmental projects worth in excess of Dh750 million ($204 million) have been endorsed for launch by the Abu … Dhabi Plan objectives to ensure safe community, and a sustainable, open and competitive economy, reported Wam, the Emirates official news …
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