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Month: October 2017

Posted on 27/10/2017

World Green Economy Summit in Dubai concludes

according to the UAE News Agency (WAM). Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, MD & CEO of Dubai Electricity and Water Authority, DEWA, and Chairman of WGES, announced the Dubai Declaration 2017 at the conclusion of …
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Posted on 27/10/2017

UAE instructed to treat Israeli athletes equally

The International Judo Federation (IJF) on Wednesday called on the United Arab Emirates to treat Israeli athletes equally during this week’s Grand Slam tournament, JTA reports. The letter followed news that the team will be prevented from wearing the …
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Posted on 27/10/2017

Indians again top foreign property investors in Dubai

MUMBAI: Indians bought property worth Rs 42,000 crore in Dubai from January 2016 to June 2017, making them yet again the top foreign property investors in the Emirates, according to the Dubai Land Department. This is an increase of Rs 12,000 crore from …
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Posted on 27/10/2017

UAE’s largest bank says nine-month net profit tops $2bn

The UAE’s largest bank, created from the merger of National Bank of Abu Dhabi and First Gulf Bank, has reported more than AED8 billion ($2.18 billion) in net profit for the first nine months of 2017 First Abu Dhabi Bank (FAB) secured AED8.09 billion in …
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Posted on 26/10/2017

‘India, UAE compliment each other in areas of business growth’

India and the UAE compliment each other in areas of business growth and the private sectors are ready to support the two governments, a top company executive has said here. The UAE is the 10th largest FDI source market for India with cumulative FDI …
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Posted on 26/10/2017

First treatment unit for adolescent addicts in Abu Dhabi soon

Abu Dhabi: Within the next six months … head of psychiatry at the NRC, told Gulf News. “The hope is that rehabilitation programmes for youth will also reduce the number of young adults suffering from substance abuse disorders. After all, 47 per …
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Posted on 26/10/2017

Dubai property sits on shifting sands

Even by the level of conspicuous consumption prevalent in Dubai’s fitful property market, apartments at the Royal Atlantis stand out. Together with the 795-room hotel that will share the building, the 231 top-end homes currently under construction on the …
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Posted on 26/10/2017

Checkout.com Brings Apple Pay to its Customers in the UAE

https://checkout.com/blogs/ bringing-apple-pay-uae-touch-id-payments-apps-websites/ Here at Fintech Finance, we work with renowned executives in the industry to provide key decision-makers globally within leading financial services organizations with …
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Posted on 26/10/2017

Dubai kicks off ‘A Day without Service Centres’

Dubai: Government service centers across Dubai are closed today … using the kiosk instead of going to the counter,” the 43-year-old from Egypt told Gulf News. Some transactions that require physical appearance have remained open for people.
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Posted on 26/10/2017

Dubai Exports and DIEDC seek New Zealand’s partnership in building Halal hub

Dubai Exports, the export promotion agency of Dubai Economy … are purchasing Halal products and services due to its natural and wholesome nature. In the financial services sector we have seen that a large proportion of the customers of Islamic banks …
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Posted on 26/10/2017

Barriers still holding back growth of Islamic finance – Fitch

The ratings agency said greater harmonisation of sharia codification within and between jurisdictions is often cited as a limiting factor if Islamic finance is to gain wider acceptance among regional and international investors. Dubai, through its Islamic …
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Posted on 26/10/2017

Abu Dhabi’s Mubadala mulls Emirates Global Aluminium IPO in 2018

Reuters reported in March that EGA had chosen banks to advise on the listing, but this is the first time its owner has confirmed the planned IPO. “We hope to take this … Owned by Mubadala and Investment Corporation of Dubai (ICD), aluminium producer …
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Posted on 25/10/2017

UAE central bank says removes more excess liquidity

The central bank of the UAE removed liquidity for the third straight month as an increase in deposits amid signs of economic improvement bolsters the banking industry. It withdrew Dh12.3 billion in September, Dh3.1bn in August and Dh8.2bn in July, the …
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Posted on 25/10/2017

Judo Federation chastises Abu Dhabi over Israeli treatment

JERUSALEM – The International Judo Federation is demanding that the United Arab Emirates treat Israeli athletes equally after reports it is banning the Israeli flag at an upcoming contest. A letter from the IJF to the president of the UAE Judo Federation …
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Posted on 25/10/2017

Dubai Zoo to close on November 5

Dubai: The 50-year-old Jumeirah Zoo will now be closed in preparation for the opening of the Dubai Safari project, Dubai Municipality announced on Wednesday. In a press release, Khaled Al Suwaidi, director of Leisure Facilities Department at Dubai …
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Posted on 25/10/2017

‘Dubai Tap’ to help save 27,000 litres of water per person for ablutions

told Gulf News the new taps will also be used in Dubai Municipality projects. As per the agreement, the company shall bear all costs for the production and marketing of the product, while the Municipality shall encourage property developers to use Dubai …
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Posted on 25/10/2017

New assistive technology to be on show for people with determination

Dubai: Technology has been helping people of determination to be more independent and increase their employability and many of these new devices will be exhibited in this year’s AccessAbilities Expo 2017 happening next month. AccessAbilities Expo 2017 …
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