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Month: August 2017

Posted on 28/08/2017

UAE insurance premiums rise 17% – study

Gross insurance premiums (GPW) of publically listed insurers in the UAE rose by 17 percent in the first half of 2017, according to a report. The study by S&P Global Ratings found that as of June 2017, GPW for 28 out of the country’s 30 listed insurance …
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Posted on 28/08/2017

Abu Dhabi slaughterhouses ready for Eid

Abu Dhabi: Slaughterhouses across the capital are ready to meet the demand for slaughtering of animals during Eid Al Adha, the Municipality of Abu Dhabi City announced in a statement issued on Sunday. About 8,000 animals are expected to be slaughtered …
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Posted on 28/08/2017

Dubai financial center’s Hive creatives buzz in regional fintech market

I met Raja Al-Mazrouei in the glittering new FinTech Hive at the Dubai International Financial Center (DIFC), all open-plan workspaces, break-out areas and coffee machines. There is even a sound-proofed pod suspended from the ceiling that looks like a …
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Posted on 27/08/2017

Securing digital banking transformation in the UAE

As consumers increasingly transact online, banks need to follow a diligent approach to enforcing security measures, especially in the face of emerging threats. Given the increasing risk of internet banking frauds, the question remains, “is it still safe …
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Posted on 27/08/2017

Saudi banking outlook to improve in second half of 2017

Dubai: Confidence in the outlook for Saudi Arabia’s banking sector is gaining momentum as most leading banks have shown resilience in balance sheet growth and profitability while improving asset quality during the first half of 2017. Banking sector …
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Posted on 27/08/2017

Sharjah Library forms digital link with British Library

The Sharjah Public Library, a subsidiary of the Sharjah Book Authority (SBA), will provide digital access to thousands of rare books and periodicals on Arabic and Islamic culture, which are held at the British Library in London. The British Library …
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Posted on 27/08/2017

Dubai suburbs are becoming popular among tenants

More and more tenants in Dubai are increasingly moving from established communities to suburban areas. Landlords in suburban communities are offering relatively new properties at more competitive rents and terms. These neighbourhoods also deliver in terms …
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Posted on 27/08/2017

Why this luxury home developer thinks Toronto and Dubai real estate is alike

The head of a large Middle Eastern luxury home developer saw something of Dubai in Toronto’s real estate market when he visited the major Canadian city recently. “In a way, Toronto and Dubai share a number of similarities,” says Hussain Sajwani …
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Posted on 27/08/2017

Abu Dhabi’s Bloom Properties begins work on JVC project

Abu Dhabi developer Bloom Properties has begun the enabling works of Bloom Towers, its residential development in Jumeirah Village Circle (JVC) in Dubai. The developer has appointed National Piling to execute the project that is scheduled for completion in …
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Posted on 27/08/2017

Bloom Properties Commences Enabling Works of Bloom Towers

Bloom Properties, a Bloom Holding business specializing in the … Launched only three months ago, at the 11 th edition of Cityscape Abu Dhabi, Bloom Towers has attracted high investor uptake due to its ideal location and excellent potential for rental …
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Posted on 27/08/2017

UAE’s eight steps to avoid personal bank fraud

These tips were compiled as part of efforts by the UBF to raise banking security standards in the UAE and protect consumers from fraud and financial crime. This move is in response to an increase in incidents of financial fraud. Several reports have …
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Posted on 27/08/2017

Dubai Chamber eyes Latin America, India to boost trade

He added that having offices in those markets will also allow the Chamber to find local partners there who can help identify the right business opportunities for companies in Dubai. The Chamber currently has eight representative offices globally in …
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Posted on 27/08/2017

Blockchain Tech As A Hedge Against Low Oil Prices

Related: Tesla Successfully Raises Funds As Cash Bleed Continues Nigeria was hit especially … Sheikh Mohammed, Vice President of UAE and the ruler of the emirate of Dubai explained: “The plan aims to increase usage efficiency by 40 percent and increase …
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Posted on 27/08/2017

What digital payment regulation means for the UAE

With the new regulation of the UAE Central Bank, we see a move towards regulating and legalising the emergence of PSPs to provide digital payments in the emirates. With the introduction and spread of digital money means in the UAE, the Central Bank is …
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Posted on 27/08/2017

Yingluck trial: Thailand ex-PM ‘fled to Dubai’ before verdict

Thailand’s ex-PM Yingluck Shinawatra fled to Dubai ahead of the verdict in her trial over a rice subsidy scheme, members of her party have said. Puea Thai Party sources said Ms Shinawatra left Thailand last week. It was revealed on Friday that Ms Yingluck …
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Posted on 27/08/2017

Abu Dhabi health care facility rankings to be published in 2018

As reported by Gulf News earlier, health care facilities in the emirate have been ranked under the Jawda–Abu Dhabi Health care Quality Index since late 2014. This improvement has come about simply as health care facilities began reporting their data.
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Posted on 26/08/2017

Sharjah doctor dies after battling cancer

the Indian People’s Forum Sharjah (IPF Sharjah) told Gulf News. He was 72. He is survived by his wife, a son and a daughter. According to IPF Sharjah, Dr Viswanathan passed away at VSM Hospital in Thattarambalam, Mavelikara. The hospital, also known as …
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