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Month: March 2018

Posted on 21/03/2018

Abu Dhabi to Combine Funds to Form SWF Worth $200 Billion

Abu Dhabi Investment Council will become part of Mubadala Investment Co., according to state-run WAM news agency. The council’s incorporation into Mubadala is in line with Abu Dhabi’s efforts to accelerate economic diversification in the United Arab …
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Posted on 21/03/2018

Special Olympics IX MENA Games Athletes Experience The Culture Of Abu Dhabi

Athletes who have been participating in Special Olympics IX MENA Games Abu Dhabi 2018 over the last three days were treated to a Culture Day as part of their visit to the UAE’s capital for the Games. The Local Organizing Committee of the IX MENA Games took …
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Posted on 21/03/2018

UPDATE 1-ADIC to join Mubadala group as wealthy Abu Dhabi consolidates funds

It was not immediately clear whether the ADIC news presaged more mergers or tie-ups for Abu Dhabi funds. The emirate’s biggest sovereign fund, Abu Dhabi Investment Authority, has an estimated $828 billion of assets and is the third biggest in the world.
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Posted on 21/03/2018

First Abu Dhabi Bank : secures Saudi Arabian commercial banking license

First Abu Dhabi Bank (FAB), the UAEs biggest bank by assets, got a licence from the Saudi Arabia Monetary Authority to establish a commercial banking business as foreign banks converge on the kingdom to make deals amid reforms. We are very proud to …
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Posted on 21/03/2018

Noble Group sued by Abu Dhabi-based shareholder

Goldilocks Investment, based in Abu Dhabi, filed a lawsuit Tuesday in the Singapore High … a credit analyst in Singapore at iFast Corp. “It’s not good news for Noble for sure. It remains to be seen how much strength Goldilocks can muster in terms …
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Posted on 21/03/2018

Russian model ‘arrested after breaking spine jumping from sixth-floor Dubai hotel room to flee sex beast trying to rape her’

Gocha Buachidze, the Russian Counsel in Dubai, said: “We are thoroughly studying the situation … Do you have a story for The Sun Online news team? Email us at tips@the-sun.co.uk or call 0207 782 4368 . We pay for videos too. Click here to upload …
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Posted on 21/03/2018

Four UAE universities among top 31 institutions in Arab region

Four universities in the UAE have been named among the top 31 institutions of higher learning in the Arab region, according to the Times Higher Education’s Arab World University Rankings 2018. Khalifa University of Science and Technology placed second …
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Posted on 21/03/2018

Mind-controlled drones go on display at Dubai forum

“Here in Dubai, if there is a sandstorm … it issues a warning and then turns off the engine The future offers much more than levitating drones. The technology that allows devices to be operated just by thought has the power to transform the lives …
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Posted on 21/03/2018

UAE- Technology is bound to change the way people buy and sell property

(MENAFN – Khaleej Times) ‘Come on Omar, do you really believe people could eventually buy property online?’ If I had a dollar every time I heard that, I’d instantly close our series A round (and we’re shooting for $10 million). The short answer is ‘yes …
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Posted on 21/03/2018

Art Dubai returns with themes of diversity, technology

Starting Wednesday, Dubai residents and visitors will get a special treat when visiting Madinat Jumeirah, seeing it transform into colorful galleries of contemporary art. The 12th edition of Art Dubai opened its doors to the public on Wednesday, featuring …
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Posted on 21/03/2018

Dubai’s Future Blockchain Summit to unlock multibillion dollar opportunities

Further, the event will offer complimentary workshops, such as Blockchain 101, designed to demystify blockchain technology. Dr. Aisha Bint Butti Bin Bishr, director general, Smart Dubai Office said: “Blockchain has immense untapped potential for many …
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Posted on 21/03/2018

Which sector’s ‘in top position in 2018’, with Dubai ‘a bright spot’?

READ: Top CEO conference and Awards 2018 – what to expect The emirate is also in the lead when it comes to the adoption of technology. “Dubai is leading the world in a number of technologies that are likely to disrupt the real estate market …
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Posted on 21/03/2018

Dubai Executive Council marks 15th anniversary

Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, praised efforts made by the Dubai Executive Council over the course of 15 years. He underlined the council’s role in boosting the …
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Posted on 21/03/2018

UAE a friend of women, children and young adults: Shaikha Fatima

Abu Dhabi: On the occasion of Mother’s Day, which is marked in the UAE on March 21, Her Highness Shaikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of …
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Posted on 21/03/2018

Art Dubai 2018: Big diary date for art curators, collectors and enthusiasts

DUBAI: Art lovers, curators, collectors and enthusiasts are rejoicing as the biggest and most globally diverse art fair is set to open from March 21 to 24 at Madinat Jumeirah. Under the patronage of Sheikh Mohammed bin Rashid Al-Maktoum, Art Dubai’s …
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Posted on 20/03/2018

Abu Dhabi’s Aldar and Dubai’s Emaar form $8bn property JV

Abu Dhabi’s Aldar Properties and Dubai’s Emaar Properties – two of the UAE’s largest real estate developers – have created a joint venture (JV) worth $8.1bn (AED30bn). An agreement was signed between Emaar chairman, HE Mohamed Alabbar, and Aldar …
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Posted on 20/03/2018

Dubai Breaks Ground on World’s Biggest CSP Project

DUBAI, United Arab Emirates–(BUSINESS WIRE)–HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, broke ground on the 4 th phase of the Mohammed bin Rashid Al Maktoum Solar Park. This is the biggest …
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