Dubai: Credit rating agency Moody’s Investors Service has changed the outlook on Qatar’s banking system to negative from stable due to the weakening operating conditions and continued funding pressures facing Qatari banks. The rating agency’s new outlook …
( read original story …)
Abu Dhabi initiative to provide Dhs700 accommodation for lower earners
Abu Dhabi has announced plans to provide more accommodation options for lower income groups in the capital as the property market continues to weather tough economic conditions. The Department of Municipal Affairs and Transport at the Abu Dhabi City …
( read original story …)
New photography exhibition to showcase beauty of Sharjah
The ‘Vantage Point Sharjah 5’ exhibition was recently launched at the Sharjah … as well as the strengthening of ties among photographers. – TradeArabia News Service
( read original story …)
Abu Dhabi boy’s murder trial begins
Abu Dhabi: The Pakistani accused in the brutal rape and murder of 11-year-old boy, Azan, in June, has denied all charges in an Abu Dhabi court on Tuesday. The accused, M.A, appeared at the Abu Dhabi Criminal Court and said, “I have been beaten and …
( read original story …)
UAE bank ATMs touch 5,219 in H1
The number of automatic teller machines (ATMs) operated by banks in the UAE hit 5,219 by the end of H1, an increase of two per cent from 5,118 in H1 2016, according to UAE Central Bank statistics. The number of national banks stood at 23 in Q2 2017, with …
( read original story …)
Dubai banking hub at risk because of Gulf crisis, bank CEO says
The Gulf crisis, which saw Arab allies of Saudi Arabia including the United Arab Emirates boycott Qatar, threatens Dubai’s standing as regional financial hub, the CEO of international bank Standard Chartered said on Monday. “There is a lot of benefit we …
( read original story …)
UAE bank ATMs surge to 5,219, up 2pc in H1
The number of automatic teller machines (ATMs) operated by banks in the UAE hit a total of 5,219 by end of H1, an increase of 2 per cent from 5,118 in the same period in 2016, according to UAE Central Bank statistics. The continual rise in ATMs in the …
( read original story …)
This major UAE bank is going to stop accepting cash cheques
Heads up: RAK Bank has said that they will no longer accept cash cheques at all from September 1 onwards. Why won’t the major bank clear cash cheques? They’ve said it’s all about protecting customers from “an increasing trend of fraud”.
( read original story …)
UAE consumers have high appetite for AI: study
While only four percent of all respondents said they own such a device, two-thirds (65 per cent) of owners said they use their device on a regular basis, showing strong acceptance of this new technology. “The fact that more and more UAE consumers are …
( read original story …)
Drone registration mandatory in UAE this September
“Traders and suppliers have three months to comply with the regulation in the UAE.” The UAE regulation, the first of its kind globally, is a proactive step taken by the UAE to legalize this market, he added. “In the obstruction of air navigation …
( read original story …)
These Are The New Requirements For Drone Use In The UAE
Starting September, UAE authorities will begin to implement the list of technical requirements for registration of recreational and commercial drones. Starting Septemner, the UAE will begin mandatorily registering drones used for recreational or …
( read original story …)
Dubai’s Aramex harnesses power of artificial intelligence
Aramex, the Dubai-based international logistics and transportation … The company said it has also seen other elements of AI making their way into the logistics industry. “As technology advances, robotics have become more sophisticated and affordable …
( read original story …)
Dubai Retail Report Reveals Robust Mall Traffic
The latest research report from Sàvant Data System revealed a booming retail market in Dubai that is poised for continued growth. The Dubai-based solutions provider released its “Dubai Retail Overview 2017” report, which details the city’s retail …
( read original story …)
Standard Chartered CEO says Gulf rift puts Dubai finance hub at risk
The boss of Standard Chartered has warned that Dubai risks damaging its status as a financial centre as a result of the trade boycott of Qatar by a Saudi-led bloc, which includes the United Arab Emirates. Standard Chartered is a major lender across the …
( read original story …)
Amir Khan’s estranged wife taunts him with photo of their daughter – as he confirms they’re divorcing after she threatened not to let him see the girl
Just chilling in Dubai.’ Ms Becknazar then smiles and replies … despite being a millionaire. The news of their split came after the couple ended their bitter six-month public feud with Khan’s family. Another Khan family source told MailOnline …
( read original story …)
John Ibrahim’s home raided and Michael and Fadi arrested over ‘international drug syndicate’
Authorities in Dubai swooped on the King of the Cross’ brothers in the street following dinner with two associates. Police are investigating whether Michael and Fadi Ibrahim were involved in the importation of MDMA into Australia. The arrests came as …
( read original story …)
‘I’m here with my girl’: Amir Khan parties with an Instagram star in Dubai just days after splitting with his wife
Just chilling in Dubai.’ Ms Becknazar then smiles and replies … despite being a millionaire. The news of their split came after the couple ended their bitter six-month public feud with Khan’s family. Another Khan family source told MailOnline …
( read original story …)