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Month: February 2018

Posted on 21/02/2018

Emirates NBD inks Unec’s Dubai project finance deal

Emirates NBD, a leading bank in the region, said it has successfully concluded financing amounting to Dh1.3 billion ($354 million) for Unec (United Engineering Construction Company) towards building work on Dubai-based property developer Nakheel’s Deira …
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Posted on 21/02/2018

United Arab Emirates shares mixed at close of trade; DFM General up 0.18%

Investing.com – United Arab Emirates equities were mixed at the close on Monday, as gains in the Banking, Real Estate & Construction and Insurance sectors propelled shares higher while losses in the Telecoms, Finance & Investment and Transport sectors …
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Posted on 21/02/2018

New Islamic economy products launched in Dubai

They key aim is to achieve a sustainable economy.” Held at Grand Hyatt Dubai, the event was attended by industry experts, innovators, and decision-makers. It was supported by Alinma Bank, Islamic Development Bank and Dubai Islamic Economy Development …
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Posted on 21/02/2018

Emirates NBD Bank : inks Unec’s Dubai project finance deal

Emirates NBD, a leading bank in the region, said it has successfully concluded financing amounting to Dh1.3 billion ($354 million) for Unec (United Engineering Construction Company) towards building work on Dubai-based property developer Nakheel’s Deira …
( read original story …)


Posted on 21/02/2018

Zabeel House by Jumeirah Al Seef opens on the banks of Dubai Creek this Spring – with a mini-version next door

Al Seef is the newest destination by Meraas, the masterminds behind The Beach, Box Park, City Walk and La Mer; a busy two kilometre promenade of shops, cafes and pop-ups on the south bank of Dubai Creek. Old meets new on the waterfront, with modern and …
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Posted on 21/02/2018

Qatar’s Commercial bank to pull out of Abu Dhabi-based UAB

… soon make public the handover its 40 per cent stakes in Abu Dhabi-listed United Arab Bank (UAB) to Tabarak Investment, also based in the United Arab Emirates (UAE), in a deal anonymous sources say could be on record in the coming months. “The …
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Posted on 21/02/2018

Abu Dhabi restaurant launches ‘pay it forward’ meals

ABU DHABI: The owners of a Pakistani restaurant Jadoon on Electra Street have launched a ‘pay it forward’ scheme to feed the needy. As part of the initiative started two weeks ago, they are encouraging customers to donate money to pay for meals for …
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Posted on 21/02/2018

Dubai Marina gets three more 24/7 supermarkets

DUBAI: Residents on Al Seba Street in Dubai Marina are spoilt for choice when it comes to grocery shopping as three new supermarkets have opened in the area in recent weeks. W Mart Supermarket in Zumurud Tower, Fresh & Care Mini Mart in Jannah Place …
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Posted on 21/02/2018

The French Connection: Alliance Française marks 35 years in Dubai

Dubai: When the famed French band Les P’tites Ouvreuses performs in Dubai next Friday, the ‘guinguette’ atmosphere quartet will mark more than just its revival of ‘Chanson française’ or the French song. Its mix of dance, popular poetry and world …
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Posted on 21/02/2018

UAE makes artificial intelligence leap

And the UAE’s AI landscape is developing at lightning speed. Abu Dhabi government-owned investment company Mubadala and tech giant IBM recently brought in IBM Watson technology to help serve MENA’s clients and build an ecosystem of partners and …
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Posted on 21/02/2018

Dubai and HERE Technologies partner to support self-driving transportation during Expo 2020

UAE: The Roads and Transport Authority (RTA) of Dubai and HERE Technologies have signed a memorandum of understanding on a long-term technology collaboration with the aim of mapping the city with high definition technology for the first time. HD maps are a …
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Posted on 21/02/2018

UAE routes identified for futuristic Hyperloop project, says RTA

The Roads and Transport Authority (RTA) has unveiled the initial design of the Hyperloop project which aims to revolutionise travel by cutting the Dubai to Abu Dhabi journey to just 12 minutes. Hyperloop, which is part of RTA’s initiatives for Dubai …
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Posted on 21/02/2018

Foreign bank ordered to pay €70,000 to local company

Dubai: A foreign bank branch will have to pay €70,000 plus an appropriate amount of compensation to a local company for its malpractice in processing the plaintiff’s letter of credit. The case was recently resolved by the Expertise and Dispute …
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Posted on 21/02/2018

UAE Food Bank to collect displayed items at Gulfood for donation

Dubai: Having channelled over 600 tonnes of food donation last year, the UAE Food Bank is not missing any chance to make sure surplus food at any potential venue reaches the needy. With that aim, the Food Bank will collect the food items that are being …
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Posted on 21/02/2018

Fire safety violators to be named and shamed in Sharjah

Colonel Sami Khamis Al Naqbi, director-general of Sharjah Civil Defence, told Gulf News that the campaign will see inspectors working round the clock in shifts. “All Civil Defence staff including the director-general will be in the field checking on the …
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Posted on 21/02/2018

How the UAE’s New Minister of AI Views the Future Of Tech in His Desert Nation

into a golden age of technology. Where does a 27-year-old begin, in his effort to pioneer a new government system dedicated entirely to AI? Olama said he’s positive that artificial intelligence will prove an opportunity for the UAE rather than a challenge.
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Posted on 21/02/2018

Caution: Road closures for Abu Dhabi Tour

Dubai: Motorists in Abu Dhabi have been warned to take caution as a number of roads will be temporarily closed off for the international cycling tour. Organisers said that Abu Dhabi Tour 2018 will pass through a number of landmarks in the capital …
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