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Month: August 2017

Posted on 06/08/2017

Indian man wins dirham 5 million in UAE draw

Dubai, Aug 6 (PTI) An Indian man in the UAE today hit a jackpot … better time for Thokachichu as he had been struggling to pay back his loans and was facing financial hardships. The Indian based in Ras Al Khaimah had been buying tickets for the draw …
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Posted on 06/08/2017

Housing in Abu Dhabi to cost only Dhs700 a month!

Housing units for low income earners will be introduced in Abu Dhabi, authorities announced on Saturday. With rents as low as Dhs700, the housing units aim to solve the problem of congested houses for bachelors and to prevent illegal partitions in villas.
( read original story …)


Posted on 06/08/2017

What are a tenant’s rights after a residential fire?

In the UAE, the responsibilities of the property owner and the property developer are mostly poorly understood, and the tenants expect to be covered by the insurance policy held by either the property owner or of the property developer. Generally …
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Posted on 06/08/2017

Looking for a job in UAE? Here’s the salary guide

Starting salaries for professional roles in finance and accounting, financial services, technology and administration in the UAE will grow by 2.5 per cent over the next year, according to the Robert Half 2017 Salary Guide. The guide is the most …
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Posted on 06/08/2017

Empower to Participate at World Green Economy Summit (WGES 2017)

The company is always keen to apply latest systems and technology in district cooling, which is one of the most important pillars of the transition to a green economy, due to the huge demand for cooling services within Dubai and the UAE that take major …
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Posted on 06/08/2017

Dubai Hospital Conducts Complex Open-Heart Surgery

Dr Esaaf Ghazi, Surgical Divisions director in Dubai Hospital, said: “Our hospital has been shouldering the pivotal tasks of providing advanced medical services with the highest technology, medical equipment and highly skilled manpower to deliver better …
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Posted on 06/08/2017

UAE leads in biggest commercial projects in GCC

“Dubai is where investors are snatching up exciting and forward … It will feature knowledge-sharing CPD (Continued Professional Development) certified talks covering Technology, Sustainability, Project Management and more. As well as an all new HVAC …
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Posted on 06/08/2017

UAE declares 2018 as the ‘Year of Zayed’

The UAE has declared 2018 to be the ‘Year of Zayed’ to commemorate … The aim is to invest in education that focusses on advanced technology, to build a system of ethical values for our future generations, to boost productivity of the national economy …
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Posted on 06/08/2017

Laying down the law for Dubai’s flying taxis

Dubai’s Road and Transport Authority (RTA … The Volocopter is unprecedented in the history of aviation, even though much of the technology is familiar. The aircraft is essentially a supersized drone, powered by 18 electric propellers and capable …
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Posted on 06/08/2017

Now Money: a fintech start-up servicing the UAE’s low-income migrant population

“The business model we had in mind worked really well for this because without branches or legacy technology – you have stripped out about 95 per cent of the cost which means that you can profitably service people who don’t have much money.” The …
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Posted on 06/08/2017

Dubai’s flying taxis will be ‘very safe’, General Civil Aviation Authority says

The GCAA pointed out that a lot of work had gone into achieving the high level of safety in modern airliners, with robust regulatory systems, developments in technology over the years, and “some lessons learned the hard way as well”. However …
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Posted on 06/08/2017

Dubai billionaires and billion-dollar promises

… are well-known for their billion-dollar investments in luxury real estate projects in Dubai, but many of them have not been successful in the Vietnamese property market. Bitexco, a big Vietnamese real estate developer, has confirmed that Emaar …
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Posted on 06/08/2017

MIDEAST STOCKS-Saudi and Dubai trade sideways, Qatar underperforms

DUBAI, Aug 6 (Reuters) – Stock markets in Saudi Arabia and … citing a decrease in residential sales and higher financial charges. Al Andalus Property edged down 0.5 percent. It reported second-quarter net profit of 27.6 million riyals, up 11 percent …
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Posted on 06/08/2017

Panic stirs as Dubai 78-story residential building catches fire

Fire incidents have happened several times in Dubai’s high rise buildings in recent years, pushing insurance costs higher for apartments and property in general in the Gulf Arab sheikhdom. DUBAI, Aug. 6 (Xinhua) — A blaze was reported early Sunday in the …
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Posted on 06/08/2017

Fire strikes another tower in the Dubai Marina

DUBAI, United Arab Emirates — A fire has struck 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 neighbourhood. Witnesses said firefighters had already begun spraying …
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Posted on 06/08/2017

Now Money: a start-up servicing the financial needs of the UAE’s low-income migrant population

The payment services provider first launched in 2015 and is just about to close its second round of external funding. Ian Dillion says the start-up is focusing on getting the first 4,000 accounts right before getting the numbers up. Antonie Robertson/The …
( read original story …)


Posted on 06/08/2017

UAE weather: Heat, humidity set to rise this week

The National Centre of Meteorology and Seismology (NCMS) said on Sunday that visibility could be less than 1,000 metres at roads across the UAE due to fog. The weather forecast for the country is expected to be hot to very hot in general, while being …
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