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Month: May 2018

Posted on 29/05/2018

Dubai Islamic Bank : receives two new ISO certifications

The certifications make DIB the first Islamic bank in the UAE to achieve an international accreditation of this significance. DIBs Human Resources Department – Learning and Development Centre (L&D) was awarded the ISO 29990:2010 certification, while the …
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Posted on 29/05/2018

MIDEAST STOCKS-Dubai Islamic Bank weighs on Dubai index; Qatar keeps rising

DUBAI, May 29 (Reuters) – The Dubai stock market was sluggish on Tuesday, dragged down by building contractor Drake & Scull International and Dubai Islamic Bank, while other Gulf markets were up slightly in the first hour of trading. The Dubai index shed 0 …
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Posted on 29/05/2018

Deutsche Bank Said to Close Dubai Equity Research in Global Cull

Deutsche Bank AG will close its equity research department in Dubai, according to people with knowledge of the matter, as the German lender restructures the business globally. It’s not clear how many analysts will be affected by the move, the people said …
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Posted on 29/05/2018

UAE residents keeping better track of finances, survey shows

UAE residents are keeping better track of their personal finances than they were four years ago, with fewer living outside of their means, according to newly released data from Abu Dhabi Islamic Bank. In its ‘moneysmart index’ – which is based on …
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Posted on 29/05/2018

The Debt Panel: Dubai resident receives over 100 calls in one week from a debt collection agent

I work as a claims officer in Dubai and my monthly salary is Dh5,000. My debts are: outstanding / minimum payment Recently, I’ve been receiving persistent and annoying calls from an agent claiming that she is from Bank 1’s collections department.
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Posted on 29/05/2018

UAE non-oil economic growth slows slightly: central bank

DUBAI (Reuters) – Non-oil economic activity in the United Arab Emirates grew by 3.1 percent from a year earlier in the first quarter, slowing slightly from 3.4 percent in the final quarter of 2017, the central bank estimated on Tuesday. Overall economic …
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Posted on 29/05/2018

Dubai Islamic Bank receives two prestigious ISO certifications

Two key departments of Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, received ISO certifications, making it the first Islamic bank in the UAE to achieve an international accreditation of this significance. DIB’s Human Resources …
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Posted on 29/05/2018

Dubai taxi driver rescues female motorist

Dubai: The month of Ramadan places an emphasis on showing compassion, forgiveness, patience and helping those in need. Last Saturday, a taxi driver employed at the Roads and Transport Authority (RTA) in Dubai was a true example of what the spirit of …
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Posted on 29/05/2018

Abu Dhabi plans increase to municipality tax

Abu Dhabi’s Executive Council is reportedly planning to increase the emirate’s municipality fee for foreign residents renting property. The National cited a circular as confirming plans to increase the fee from 3 per cent for residential properties only.
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Posted on 29/05/2018

THE FIRST DESIGN HOTEL IS NOW OPEN IN DUBAI

Conveniently positioned close to the Dubai International Airport … complimentary high-speed WiFi, 49-inch HDTV with Google Chromecast, and a complimentary scrumptious, balanced breakfast. Further complimenting the essentials, FORM will provide …
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Posted on 29/05/2018

Pensioner who spent FOUR YEARS in a Dubai hospital after suffering a stroke finally returns to the UK

A pensioner who was left languishing in a Dubai hospital following a stroke has finally been welcomed home. Malcolm Munroe, originally from Chorlton, Manchester, has spent more than four years at Rashid Hospital after falling ill while away on business.
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Posted on 29/05/2018

Sourcing Finance For Your UAE-based Business

Ask entrepreneurs in the UAE what they most need to upscale their business and the majority are likely to say finance. Sourcing finance in the early stages of growth is fundamental in taking a company to the next level. It helps business owners to avoid …
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Posted on 29/05/2018

The How-To: Sourcing Finance For Early-Stage Growth Of Your UAE Business

You’re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Ask entrepreneurs in the UAE what they most need to upscale their business and the majority are likely to say finance. Sourcing finance in the early stages of growth …
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Posted on 29/05/2018

‘Technology will wipe out disability soon’

Abu Dhabi: Technology will wipe out disability this century … Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces including augmenting humans cognitively, emotionally and physically, as well as how maps of the brain and …
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Posted on 29/05/2018

Islamic finance gets IMF backing

The UAE has expanded its role as one of the leading hubs for Islamic finance, an alternative way of banking and insurance based on Islamic law, or Shariah, which prohibits interest payments and pure monetary speculation. “Customers’ trust in Islamic …
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Posted on 29/05/2018

UAE’s anti-extremism efforts highlighted

Abu Dhabi: The General Authority of Islamic Affairs and Endowment (GAIAE) with the support of the Ministry of Presidential Affairs, organised on Monday a forum titled, ‘the Emirates Encircles Extremism’ with the participation of a large number of …
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Posted on 29/05/2018

UAE property developers ramp up Ramadan offers

UAE property developers are ramping up efforts to win over prospective buyers with discounts and attractive payment terms, hoping to counter the expected fall in sales during Ramadan. The onslaught of deals come as the country is already grappling with …
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