It sits in a dry dock in Dubai. In December 2016, a High Court judge ordered … which last month made a hostile takeover offer for the company. The hedge fund is renowned for its use of sharp-elbowed tactics. Late last month, a 2005 court filing that …
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Dubai Marina’s Zen Tower fire started on balcony, report shows
The fire that erupted in Dubai Marina’s Zen Tower on May 13 began on the balcony of a first floor, where furniture kept outdoors caught fire due to an electric short circuit or from smoking waste, according to a report by Al Barsha police station released …
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UAE announces new fee caps on banking services
The UAE Central Bank (CBUAE) has announced an amendment to regulate … CBUAE also instructed banks and finance companies to display the new fee caps on their websites. Going forward fees charged by the banks will be reviewed annually to ensure that …
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UAE equity indices slide further amid trade tensions
The Dubai Financial Market (DFM) index fell 1.45 per cent to end below the 3,000 mark for the second day in a row, at 2,939.33, as most stocks ended in the red. The Abu Dhabi Securities Exchange (ADX) general index, which a day earlier fell around 2.7 per …
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UAE Likely to Improve Ties With Syria, Play Role in Reconstruction – Diplomat
Early on in the Syria crisis, the UAE adopted a somewhat neutral stance, calling for an end to the violence but opting not to actively throw its support behind either side. Speaking to Sputnik reporter Suliman Mulhem on Tuesday, Emirati Second Secretary …
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UAE students tackle exams when football World Cup is running
Children watch the World Cup match between Germany and Mexico with their father at a cafe in Abu Dhabi. Parents have realised that forcing children to skip matches is not a great idea. Ahmed Kutty/Gulf News Mohanty added that it is also not a good idea to …
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Visa extension for widows, divorced women in UAE
Abu Dhabi: The UAE Cabinet has adopted a decision to extend the visa of the widowed or divorced women residing in the UAE and their children for one year from the date of the divorce or the death of the spouse, as part of the latest legislative …
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Aldar Properties : acquires $1bn Abu Dhabi real estate assets
Aldar Properties says it has reached an agreement with Tourism Development & Investment Company (TDIC) to acquire a portfolio of prime real estate assets worth Dh3.7 billion ($1.01 billion), in one of the largest real estate acquisitions in the country’s …
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MIDEAST STOCKS-Dubai slips on property and banking shares, Abu Dhabi also down
DUBAI, June 19 (Reuters) – Dubai’s main index fell almost 1.5 percent on Tuesday as concerns over trade tensions between the United States and China ricocheted through emerging markets. Asian stocks wilted to a four month low with a nearly 4 percent drop …
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Solar power kills man in Jebel Ali
Dubai: Police are urging companies selling solar-powered electricity generators to warn buyers about the dangers of improper use of these equipment after a man was electrocuted inside his caravan. Officers were alerted about a man who was killed in Jebel …
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UAE ranks 17th in global digital competitiveness
According to the report, the UAE tops globally in Business Agility, a subfactor of the “Future Readiness” indicator, and ranks third globally in Regulatory Framework, a subfactor of the “Technology” indicator. The UAE also ranks fourth globally in …
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Central bank sets cap on banking fees
Dubai: The Central Bank of UAE on Tuesday announced that it has set new limits on fees or commissions charged on retail customer service. The fee caps apply to banking consumer related charges, for example, on home loans and late fees for credit cards.
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UAE bans live birds from Russia
Dubai: The UAE is blocking imports of live birds and related bird products from Russia into the country based on a World Organization for Animal Health (OIE) health warning of a bird flu H5N2 outbreak on a farm in the central region of Kurskaya Oblast in …
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Saudi-led coalition captures large areas of Yemen’s Hodeidah airport: UAE
ADEN (Reuters) – Arab coalition troops stormed the airport in Yemen’s main port Hodeidah on Tuesday and captured large areas of the compound in battles with Iran-aligned Houthis, a Yemeni military source, the UAE news agency and local residents said.
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Sports management degree course launched in Dubai
Dubai: A new bachelor’s degree (BBA) in sports management has been launched by Canadian University Dubai (CUD), focused on the business and management aspects of the sporting industry. It is aimed at providing students with knowledge and skills centred …
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Eid holiday accidents kill 3 in Sharjah, RAK
Sharjah: Three people were killed in three separate traffic accidents in Sharjah and Ras Al Khaimah during the Eid Al Fitr holidays. The fatal accidents included a crash, a car hitting a pedestrian and a car flipping over. Two people were killed and two …
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UAE climbs digital competitiveness ranking
The UAE has lcimbed one place to 17th in this year’s World Digital Competitiveness Report by Swiss business school International Institute for Management Development (IMD). The institution said the emirates climbed the ranking of 63 economies …
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