Abraaj has hired Deloitte to examine its business, including its troubled $1bn healthcare fund, after investors questioned an earlier review by KPMG of the embattled fund, people familiar with the matter said. Abraaj has been trying to stem the fallout …
( read original story …)
The Mint Corporation to Collaborate with Interac Corp. in UAE
Canada with its primary business in Dubai, United Arab Emirates (UAE). The Mint Group is approved by the UAE Central Bank, Mastercard and UnionPay as a third-party payment processor. Mint processes over US$1 billion in payroll annually for hundreds of …
( read original story …)
China Takes First Step In Paying For Crude Imports In Yuan
Until now, Chinese oil imports were based on FOB benchmarks, with long-term procurement contracts settling off Platts Oman/Dubai or Dated Brent … crude delivery and may in fact at times reduce its hedge efficiency. • A new investment vehicle for …
( read original story …)
‘The Flight Attendant’ is, yes, the perfect airplane read
But one fateful morning in a hotel room in Dubai puts a dead stop to Cassie’s fancy-free lifestyle … the dizzy recollections of a passionate night spent with the hedge fund manager named Alex she met on the flight from New York. Cassie turns to look …
( read original story …)
It’s a girl! Georgia Penna welcomes third child via surrogate
Then the family, who live in Dubai, will fly to Dublin so that the new baby can … However, the proud mother has since sprinkled her Instagram feed with pictures of her twins and hedge fund husband Joe enjoying family life, albeit with the faces of …
( read original story …)
Bloom Properties to Showcase Key Developments at Cityscape Abu Dhabi 2018
Bloom Properties, a Bloom Holding business specializing in the development of integrated and sustainable communities, is set to showcase key developments within its portfolio as part of its participation in the upcoming edition of Cityscape Abu Dhabi.
( read original story …)
Dynamic envoys lead UAE soft power projection
In separate interviews with Gulf News, the envoys highlighted what makes the UAE tick at the international level, and the country’s approach to soft power diplomacy. “Ours is an agnostic, merit-based approach. We appoint competent people, and give them …
( read original story …)
UAE principles: Safety at home, security abroad
The UAE’s approach to foreign policy continues to be informed by the principles espoused by its founder, the late Shaikh Zayed Bin Sultan Al Nahyan. They include non-interference in the internal affairs of other states, and the pursuit, wherever possible …
( read original story …)
UAE plane blocked from leaving Somalia’s Puntland region
Somali officials are said to have stopped a plane from the United Arab Emirates from leaving the country after Emirati military trainers on board refused to hand over their luggage to be scanned and searched. The local news website Mareeg reported on …
( read original story …)
Why are tonnes of this yellow flower imported to UAE?
Dubai: It is that time of the year when the flowers of the Golden Shower Tree, the state flower of south Indian state of Kerala, make their annual trip to the UAE. It is only during the run-up to the Vishu festival celebrated by Malayali expats that this …
( read original story …)
UAE Safe Haven for Investors
Investors’ trust in the UAE business environment reflects the country’s resilient and diversified economy, said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, affirming that the UAE boasts a …
( read original story …)
UAE a safe haven for investors
Investors’ trust in the UAE business environment reflects the country’s resilient and diversified economy, said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, affirming that the nation …
( read original story …)
Dubai aims to cash in on esports with X-Stadium project
Dubai Media Office and TECOM Group have jointly announced Dubai X-Stadium, the region’s first dedicated esports stadium which will establish Dubai as a regional and global hub for hosting video gaming events. The joint initiative was endorsed by Sheikh …
( read original story …)
Dubai property data shows sharp decline in deals
Dubai real estate transactions appeared to drop sharply in the first quarter of the year according to data released Saturday. The Dubai Land Department (DLD) said that real estate transactions totalled 58 billion dirhams ($15.78 billion) for the three …
( read original story …)
Key contract signed to build phase 4 of giant Dubai solar park
A contract for the engineering, procurement, and construction of the 700MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park has been signed. Saeed Mohammed Al Tayer, managing director and CEO of Dubai Electricity and Water Authority (DEWA …
( read original story …)
Dubai proposes new economic plans as it aims to boost growth and lower costs
Dubai plans to implement new measures to help boost economic growth, attract new investments and cut the cost of doing business across sectors ranging from tourism to financial services. Sheikh Mohammed bin Rashid, UAE’s Vice President and Ruler of Dubai …
( read original story …)
Disconnecting power supply to rented property against law
I live in Dubai and own a property which has been rented out. The tenancy contract mentions that the landlord has the right to cut the electricity supply if the tenant’s rent cheque bounces. Does the landlord have the right to cut the electricity supply …
( read original story …)