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Month: August 2017

Posted on 07/08/2017

New York wants Saudi Aramco and other Gulf IPOs: Top NYSE official

DUBAI: The New York Stock Exchange … which is believed to be looking to raise up to $100 billion next year in the biggest IPO in history, he made it clear that NYSE wants to stage the Aramco IPO, and has already had talks with the Saudi giant.
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Posted on 07/08/2017

Breaking this traffic rule caused over 21,000 accidents in Sharjah

Dubai: There are a number of traffic violations that could land a driver in serious trouble. But one has essentially become the main cause of accidents in Sharjah. Statistics issued by the traffic and patrol department at Sharjah Police has revealed that …
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Posted on 07/08/2017

Sharjah police report 122 injuries in traffic accidents during first half of 2017

according to Sharjah 24 news site. Also, 21,805 violations were issued due to a failure to leave enough distance between vehicles. Out of this, 44 accidents resulted in injuries. Non-road violations and the use of phones while driving led to 11,523 …
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Posted on 07/08/2017

Know your legal rights in the UAE

We have been running a business consultancy company in Sharjah since 2013. Our company was blacklisted … Readers may e-mail their questions to: news@khaleejtimes.com or send them to Legal View, Khaleej Times, PO Box 11243, Dubai.
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Posted on 07/08/2017

UAE tightens control on imported eggs

Entities responsible for implementing the circular include the Abu Dhabi Food Control Authority and the municipalities of Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah. The decision is based on the findings of a technical report …
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Posted on 07/08/2017

Expo Centre Sharjah to host 11 events in H2

The first event on the agenda kicks off on October 3, and the last event ends on December 16, reported state news agency Wam. In the first half of 2017, the centre hosted 9 various events, it said. Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah …
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Posted on 07/08/2017

StanChart CEO says Gulf rift puts Dubai finance hub at risk

LONDON (Reuters) – The boss of Standard Chartered (STAN.L) has warned that Dubai risks damaging its status as a financial center as a result of the trade boycott of Qatar by a Saudi-led bloc, which includes the United Arab Emirates. Standard Chartered is a …
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Posted on 07/08/2017

Another fire breaks out at Dubai Marina

Dubai: A fire was reported on Monday at the Dubai Marina, which according to social media users, happened at the Movenpick hotel at around 10am. Fire at the Mövenpick. Hope everyone is safe! #Dubai pic.twitter.com/Ys37ZZE2Pe— Tinia Nassif (@webteee …
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Posted on 07/08/2017

Dubai tower engulfed in flames as a massive blaze breaks out in super tall residential building

FIREFIGHTERS have brought under control a blaze that engulfed one of the world’s tallest residential buildings in Dubai. A fire broke out in the 86-storey Torch Tower in the United Arab Emirates holiday hotspot about 1am local time (7am AEST) and spread …
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Posted on 07/08/2017

Indian man wins 5 million dirham jackpot in UAE

Thokachichu, who first came to the UAE in 2008 and makes less than 10,000 dirham a month, said he will save a portion of the money to pay for the education of his four-year-old child. Get latest news & live updates on the go on your pc with News App.
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Posted on 07/08/2017

Fire strikes another tower in the Dubai Marina, days after a blaze struck a building in the same area

A fire broke out Sunday at another high-rise tower in the Dubai Marina, just days after a blaze struck one of the world’s tallest residential towers in the same neighborhood. Authorities quickly extinguished Sunday’s fire at the Tiger Tower and said it …
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Posted on 07/08/2017

“Misr Um El Donia” account launched in UAE

We are very happy to offer our Egyptian clientele the opportunity to bank with convenience. We’ve tailored this to meet the needs of customers who live in the UAE but also bank in Egypt, support family members and pay any outstanding bills back home.
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Posted on 07/08/2017

UAE’s RAKBANK in partnership with Diebold Nixdorf launched Samsung Pay on their ATMs

RAKBANK, also known as The National Bank of Ras Al Khaimah (P.S.C), is one of the UAE’s most dynamic financial institutions. Founded in 1976, it underwent a major transformation in 2001 as it rebranded into RAKBANK and shifted its focus from purely …
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Posted on 07/08/2017

Dubai to Abu Dhabi in 12 minutes: How it really works

Once fully operational, Hyperloop One could reduce the travel time between Dubai and Abu Dhabi to 12 minutes. The video also reveals the Hyperloop test unit travels at speeds close to 1,077 km/h! What’s more, the journey inside the Hyperloop isn’t dull …
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Posted on 07/08/2017

New drone tracking system protects Dubai airspace

Dubai: A live drone-intrusion warning system is now plugged … we can mitigate the risk,” Al Arif told Gulf News, surrounded by large screens depicting live air traffic and details of the SkyTrax online portal which tracks each and every registered …
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Posted on 07/08/2017

Dubai Metro closure: What you should know

Dubai: Some Dubai Metro commuters have been advised to allot additional time for travel on weekends as the partial closure on the red line has kicked off. The partial shutdown of Dubai Metro’s red line between Jumeirah Lakes Towers station and Ibn …
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Posted on 07/08/2017

Lootah Real Estate to build over 1m sq ft of homes at Dubai South

Lootah Real Estate has signed a deal with Dubai South to develop more than one million square foot of housing units at the site’s residential district. The agreement, which is a joint venture between Lootah Real Estate and Dubai South, will result in the …
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