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Month: April 2018

Posted on 23/04/2018

Dubai to get exclusive student housing community

Rao said students staying at The Myriad Dubai in the summer semester, or returning home while keeping their room, will be offered a “subsidised lease”. The rent will include utility and WiFi bills. All rooms will have an en-suite bathroom. Regarding …
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Posted on 23/04/2018

Abu Dhabi, Shanghai plan exchange focusing on China trade

according to Beijing’s official Xinhua news agency. Ultimately, the new exchange will support not only the Belt and Road initiative but also the internationalization of the Chinese yuan in the region, Teng said. Abu Dhabi is trying to build up ADGM …
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Posted on 23/04/2018

BR Shetty consolidates financial brands with new holding company

UAE billionaire businessman Dr. Bavaguthu Raghuram Shetty has launched a new UK-based holding company which will consolidate his global portfolio of financial services brands including UAE Exchange, Travelex, Xpress Money and others. Finablr, which will …
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Posted on 23/04/2018

UAE-based financial services conglomerate consolidates under new holding company

Dubai: The UAE based financial services conglomerate that includes, UAE Exchange, Travelex and Xpress Money on Monday announced the creation of a new holding company, Finablr, consolidating various financial services companies and brands under one umbrella.
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Posted on 23/04/2018

UAE billionaire BR Shetty sets up financial holding company

The UAE-based billionaire Dr. BR Shetty has created a new holding company, Finablr, bringing all of his global portfolio of financial services brands under this company. The company has been incorporated in the UK but will be headquartered in the UAE, said …
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Posted on 23/04/2018

Financial services holding firm Finablr set up

Noted UAE-based businessman Dr Bavaguthu Raghuram Shetty has announced the creation of “Finablr”, a new holding company which, subject to regulatory approvals, will consolidate his global portfolio of financial services brands under one single umbrella.
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Posted on 23/04/2018

Major UAE Bank Implements Blockchain Tech To Prevent Check Fraud

The National Bank of Dubai (NBD), one of the largest banking groups in the Middle East by assets volume, has reportedly become the first bank in the region to successfully implement Blockchain technology in a check-issuance system to prevent fraud, local …
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Posted on 23/04/2018

Now, go around in a three-wheeler in Dubai

Dubai Financial Centre as well as Jumeirah Beach Residence. “We are launching this as a pilot with Careem and believe this can be a great solution for short rides and last mile,” said Dr Yousuf Al Ali, CEO of DTC, while speaking to Gulf News after the …
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Posted on 23/04/2018

Cityscape Abu Dhabi show is a bellwether of a recovering property market

The UAE’s real estate developers engaged in a flurry of activity at this year’s annual Cityscape Abu Dhabi exhibition – despite a string of reports that have forecast continued declines in sales and rental values across the country until the end of 2018.
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Posted on 23/04/2018

Dubai property prices fall faster, Abu Dhabi holds on

Dubai property prices are falling at increased speed. The Dubai Residential Property Sales Price Index for all residential estates decreased by 2.6 points, from 248.7 to 246.1, which represents a decline of 1.05 per cent in March 2018, according to the …
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Posted on 23/04/2018

Finablr Launched To Accelerate Customer-Focused Technology Innovations

As a diversified network, Finablr will combine the cumulative industry expertise of its trusted network brands including UAE Exchange, Travelex, Xpress Money etc. to deliver innovative-technology-driven and market-leading experiences. As a platform of …
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Posted on 23/04/2018

Abu Dhabi Hires Ex-HSBC Banker to Head New Oil Trading Unit

Abu Dhabi National Oil Co. hired Philippe Khoury, formerly an energy banker at HSBC Holdings Plc, to head up its new unit for trading crude oil and refined products. State-owned Adnoc is bolstering its capacity to buy and sell crude and fuels as it expands …
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Posted on 23/04/2018

Emirates Islamic Bank rewards saver with Tesla car

Dubai: A saver in the UAE now gets to drive around a new Tesla car, which he won in a raffle after opening a savings account with a local bank. Ahmad Hamad Al Suwaidi, a UAE national, is the first saver to win the five Tesla cars that Emirates Islamic Bank …
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Posted on 23/04/2018

Dubai to launch a digital bank for art that uses cryptocurrency

Because paying for a painting with cash or cheque is so passé. There’s now a new way for people to purchase artwork in Dubai – by using cryptocurrency. The Dubai Culture and Arts Authority (Dubai Culture) last week launched a new platform called …
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Posted on 23/04/2018

Q1 results point to strong start for UAE lenders

would have some impact on the profitability of UAE banks, early bank results indicate a strong outlook for the sector. Leading UAE banks that have reported that their first-quarter results show a steady improvement in interest margins, as well as a decline …
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Posted on 23/04/2018

VIP Terminal at Abu Dhabi International Airport Achieves ISO 9001 Certification

Abu Dhabi Airports announced yesterday that its VIP Terminal at Abu Dhabi International Airport has been awarded the ISO 9001:2015 certificate, the international standard for Quality Management System (QMS) for VIP lounge and “meet and assist” services …
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Posted on 23/04/2018

Abu Dhabi International Airport welcomed 1.87 million passengers in March

More in this category: « Statement from Abu Dhabi Airports VIP Terminal at Abu Dhabi International Airport Achieves ISO 9001 Certification »
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