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Month: February 2018

Posted on 22/02/2018

Dubai Islamic Bank boosts emirate’s sukuk listings to over $53bn

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has celebrating the listing of a $1 billion sukuk on Nasdaq Dubai. The listing is the first benchmark dollar-denominated sukuk from a GCC issuer in 2018 and provides significant support for the …
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Posted on 22/02/2018

Abu Dhabi Tour organisers blame automatic brake sensor for Cavendish crash

Cavendish was one of five to crash when the peloton slowed behind the lead car on stage 1 of the Abu Dhabi Tour, and although he remounted and re-joined the peloton, he was forced to abandon with a suspected concussion and whiplash. “I didn’t see it happen …
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Posted on 22/02/2018

UAE to plug in first nuclear power station this year

Abu Dhabi: The UAE is due to commission the Arab world’s first nuclear power station this year, while the remaining three reactors will go critical by 2020. The Barakah plant’s four reactors are expected to supply up to 25 per cent of the UAE’s …
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Posted on 22/02/2018

Dubai Customs launches innovation hub

Dubai: Dubai Customs inaugurated a number of new innovative … Another iniatiative being launched during the event is the News Wallet, which helps regulate and ease flow of PCFC news to the media. All PCFC entities can update information about their …
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Posted on 22/02/2018

WiFi UAE Launches New Packages For Users To Enjoy High-Speed Premium WiFi

UAE residents can now reap the benefits of more flexible WiFi options across more locations than ever before with WiFi UAE. du is revamping its WiFi UAE pricing options to suit the needs of different profile users in a wide variety of locations, continuing …
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Posted on 22/02/2018

Areas in UAE to see light showers over weekend

Dubai: Various parts of the UAE will see a slight change in the weather as forecasters expect light rain to fall across the northern and coastal areas. The National Centre of Meteorology (NCM) said that the weather on Thursday will first rise slightly …
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Posted on 22/02/2018

Foreign bank ordered to pay €700,000 to local company

Dubai: A foreign bank branch will have to pay €700,000 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 22/02/2018

Jumeirah Village Circle, Masdar City among most popular in UAE

The eco-city’s residential searches tripled in 2017, proving the green movement is gaining momentum. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Posted on 22/02/2018

UAE Ministry of Finance Launches a Series of Initiatives to Mark UAE Innovation Month

As part of its efforts to strengthen the country’s position as a global hub for innovation, the Ministry of Finance (MoF) launches a series of initiatives and activities to mark the ‘UAE Innovation Month 2018’. Some of the Ministry’s most notable …
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Posted on 22/02/2018

UAE- Finance House extends branch network

(MENAFN – Khaleej Times) Abu Dhabi – Finance House, which is listed on Abu Dhabi Securities Exchange, announced the opening of its new branch in Mussafah industrial area, Abu Dhabi. The opening ceremony was held under the patronage of Khalil Mohammed …
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Posted on 22/02/2018

Top-seeded Svitolina beats Wang to reach Dubai quarters

Defending champion Elina Svitolina needed more than two hours to overcome Qiang Wang 6-1, 5-7, 6-2 Wednesday and reach the quarterfinals of the Dubai Championships. However, French Open champion Jelena Ostapenko’s slumped to her sixth loss in nine matches …
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Posted on 22/02/2018

Kristoff wins stage 1 of Abu Dhabi, concussion for Cavendish: Daily News Digest

Mark Cavendish started the Abu Dhabi Tour with high intentions due to his ambassador position with the race, but found himself on the deck even before the end of the neutral zone. What looked like a sudden deceleration of the lead car caused several riders …
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Posted on 21/02/2018

Hamdan Bin Rashid receives Azeri finance minister

Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, received on Tuesday evening Samer Sherifov, Minister of Finance of Azerbaijan. Shaikh Hamdan and the visiting minister exchanged a number of financial issues and means …
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Posted on 21/02/2018

Hyperloop pod set for global premiere in Dubai

Dubai: Hyperloop, a subsonic commuter tubes system capable of shuttling passengers in a travel pod from Dubai to Abu Dhabi in 12 minutes at theoretical speeds of up to 1,200km/h, will be globally premiered for the first time on Thursday at City Walk 2 …
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Posted on 21/02/2018

Dubai’s very own love-lock bridge is a huge hit

DUBAI: If you have found your true love then you may as well seal it. And there’s no better place to do that than at the newly opened Love Lock Bridge in Dubai. Just like at the famous Pont des Arts Bridge in Paris, couples visiting the Promise Bridge …
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Posted on 21/02/2018

Standard Chartered Bank, Ducab mark implementation of integrated payments solution

Head of Transaction Banking at Standard Chartered Bank, UAE. At a commemorative event at Ducab’s headquarters, Julian Wynter, Chief Executive Officer, Standard Chartered Bank, UAE said, “Delivering this solution to Ducab reaffirms the Bank’s …
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Posted on 21/02/2018

UAE Central Bank Hosts first meeting of new Higher Shari’ah Authority

In addition to a group of Central Bank’s senior officials. H.E. Mubarak Rashed Al Mansoori, Central Bank Governor, welcomed the Chairman and the Board Members of the Higher Shari’ah Authority in his opening remarks where he highlighted the objectives …
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