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Month: August 2017

Posted on 21/08/2017

NYU Abu Dhabi Researchers Identify Unique UAE Green Alga With Properties That May Provide an Alternative to Palm Oil

Researchers at New York University Abu Dhabi (NYUAD) in collaboration with other groups have discovered that the unique genomic traits that allow local green algae to survive in a desert climate may have far-reaching potential for biotechnical applications.
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Posted on 21/08/2017

WiFi UAE Rolls out at Souk Madinat Jumeirah

Visitors of Souk Madinat Jumeirah in Dubai can now enjoy the benefits of WiFi UAE as it rolls out in the marketplace, in both its indoor and outdoor areas for shopping, entertainment, and dining. The service is available to everyone through two options …
( read original story …)


Posted on 21/08/2017

Abu Dhabi: Four jailed for YouTube videos

Abu Dhabi: Abu Dhabi Public Prosecution has ordered the imprisonment of three young men and a girl for posting unlawful video clips on YouTube. They were detained for seven days for further investigation, the prosecution said on Sunday. #شرطة_أبوظ …
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Posted on 21/08/2017

Beyond Borders: Abu Dhabi event celebrates India, Pakistan friendship

Abu Dhabi: “When you set aside politics … which was exclusively covered by Gulf News. The organisers said it was follow-up act of an initiative during last Ramadan. “We distributed home-cooked food at some mosques in the capital for iftar.
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Posted on 20/08/2017

Evolution of e-banking in the UAE

The banking industry, integral to our commercial and personal lives, has evolved with the times to embrace new challenges and cater to constantly changing consumer behaviour and attitudes. Technology has undoubtedly played an obvious and increasingly …
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Posted on 20/08/2017

UAE banks poised for strong H2 performance

Dubai: Financial results of UAE banks in the second quarter of this year point to improving profitability, modest balance sheet growth, margin expansion and improving costs, according to banking sector analysts. While the underlying trend of a turnaround …
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Posted on 20/08/2017

Souk Madinat Jumeriah now has free WiFi

UAE residents and tourists can now enjoy free WiFi at Souk Madinat Jumeriah courtesy of WiFi UAE. The service is available through two options, either WiFi UAE which is free or WiFi Premium which is a paid service. Users can take advantage of the service …
( read original story …)


Posted on 20/08/2017

Dubai road accidents lead to massive traffic jams

Dubai: Long delays and queues greeted motorists in different parts of Dubai during early morning rush hours on Sunday, as vehicular accidents caused some tailbacks on major thoroughfares. Civil works on busy streets have also added to the traffic woes of …
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Posted on 20/08/2017

Technology has blurred lines between workplace and home

Dubai: Although the term ‘Leaveism’ was coined recently … In fact this issue has been around for a long time, said Nseir. “[Technology has] brought changes to the work requirements … even in the day-to-day dynamics in the workplace and to …
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Posted on 20/08/2017

Dubai Police urge Filipinos to report crimes

Dubai: Dubai Police officials on Saturday met with Filipino community leaders to raise awareness on UAE laws — including the new traffic laws — and urged them to help ‘police’ the city by reporting crimes, emergencies, or any violations. The …
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Posted on 19/08/2017

Dubai still in lead, but race for Gulf financial supremacy is hotting up

The Dubai International Financial Center (DIFC) last week gave an update on the impressive plans it has to expand — both physically and commercially — as part of a 10-year plan that aims to triple its size by 2024. On the real estate side of the …
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Posted on 19/08/2017

Dubai’s Noor Bank cuts dozens of jobs

Dubai-based Noor Bank has laid off several dozen employees, banking sources told Reuters on Tuesday, the latest lender to adjust to more subdued growth levels in the local financial services sector. Although the number of jobs cut in the past few weeks was …
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Posted on 19/08/2017

Abu Dhabi Islamic Bank invests heavily in digital services

Details on entering MEED’s new awards programme can be found below As the UAE’s banking industry becomes ever more competitive, Abu Dhabi Islamic Bank (ADIB) says it will continue with its current strategy based on prudence in risk management …
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Posted on 19/08/2017

UAE’s Union National Bank opens Shanghai branch

Union National Bank (UNB), 50 percent owned by the Abu Dhabi government, has begun operations at its branch in Shanghai, becoming the first bank from the UAE to operate a branch in mainland China, the bank said on Tuesday. The Shanghai presence will …
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Posted on 19/08/2017

Deposits in UAE Banks Surge to $120 Billion in H1

according to UAE Central Bank statistics. The term ‘Short Term Deposit’ refers to an amount of money placed in a bank or financial institution for a term no longer than one year. It will usually earn a fixed rate of interest. According to Central Bank data …
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Posted on 19/08/2017

UAE bank profitability slips slightly in second quarter, Alvarez & Marsal survey shows

UAE banks saw profitability decrease in the second quarter because of lower non-interest income but on the bright side net interest margins are increasing, according to the latest UAE Banking Pulse report from Alvarez & Marsal, the global professional …
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Posted on 19/08/2017

Make no mistake: Mobile is the future of banking

Instant. Accessible. Convenient. All words to define what mobile banking means today for customers in the UAE and Middle East, and across the world, and indeed what they now expect from banking services. We’re seeing banks today recoiling from large …
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