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Month: July 2018

Posted on 25/07/2018

UAE private wealth forecast to grow to $590bn by 2022

It said UAE non-investible assets are expected to increase at an … senior partner & managing director of BCG Middle East’s Financial Services practice. “Value creation opportunities touch all parts …
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Posted on 25/07/2018

Bigger than Dubai Mall: Emaar and Dubai Holding announce Dh10b mega mall

The larger Dubai Creek Harbour development will have three metro stations linking to the wider RTA network. A coming together of all of Alabbar’s business interests, including Americana, Aramex, and N…
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Posted on 25/07/2018

Clarified: Abu Dhabi explains the truth behind 25% traffic discount

Dubai: Contrary to media reports, not everyone in Abu Dhabi can benefit from a 25 per cent discount in traffic fines and parking violations. The Traffic Court of Abu Dhabi clarified that while motoris…
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Posted on 25/07/2018

‘Dubai Square’: High-tech meets retail

a new retail metropolis that pushes the boundaries of modern retail and leisure in Dubai Creek Harbour by drawing on next-generation technology. Blurring the boundaries of online and in-mall shopping, …
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Posted on 25/07/2018

UAE private wealth growth expected to grow over next five years

Global personal financial wealth grew by 12 per cent in 2017 to $201.9 … Going forward personal wealth in the UAE is projected to continue to grow at a compound annual growth rate (CAGR) of eight pe…
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Posted on 25/07/2018

Dubai’s Shindagha bridge won’t replace tunnel: RTA

Dubai: Work on a 12-lane Shindagha bridge connecting the historic … current tunnel will continue to serve the local traffic,” an RTA spokesperson told Gulf News. 12,000 vehicles per hour in each dir…
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Posted on 24/07/2018

Sheikh Mohammed bin Rashid and Sheikh Mohamed bin Zayed Inaugurate Warner Bros. World™ Abu Dhabi on Yas Island

branded indoor theme park developed by Miral, Abu Dhabi’s creator of destinations, in partnership with Warner Bros. Entertainment, with an investment of $1 billion. To view the Multimedia News Release …
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Posted on 24/07/2018

African deal highlights UAE’s peacemaker role

Both Ethiopia and Eritrea are major players in the horn and rectifying their differences has put Abu Dhabi out in front in a very positive manner,” he told Gulf News. Shaikh Abdullah Bin Zayed Al Nahy…
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Posted on 24/07/2018

UAE: Beware of new SMS scam about fake court case

Dubai: Residents in the UAE are being warned against falling … as their personal information can be exposed and they can be vulnerable to cyberattacks. In a statement to Gulf News, the TRA said the …
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Posted on 24/07/2018

Dubai rolls out urban beautification projects

Dubai: Artists from the UAE, the region and across the world will be invited to create public artworks that will transform the ambience of urban spaces in Dubai. The beautification project was confirm…
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Posted on 24/07/2018

New cancer centre to come up in Dubai by 2020

Dubai: A new cancer treatment and research centre will be opened by the Dubai Health Authority (DHA) within two years, it was announced on Tuesday. The Dubai Oncology Research Centre slated to come up …
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Posted on 24/07/2018

UAE bank saver gets Dh1 million reward

Dubai: A UAE resident just proved that buying expensive lottery tickets isn’t the only way to get rich quick, but putting money in a bank account, too. Khalid Ahmed Al Marzooqi woke up to a surprise r…
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Posted on 24/07/2018

Bank of Sharjah posts Dh200m H1 net profit

Dubai: Bank of Sharjah on Tuesday reported Dh200 million net profit for the first half of 2018, up 31 per cent from Dh152 million for the same period last year. The bank’s total comprehensive income f…
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Posted on 24/07/2018

UAE’s largest bank sees half-year net profit jump to $1.6bn

First Abu Dhabi Bank (FAB), the UAE’s largest bank, on Tuesday reported net profit of AED6.1 billion ($1.6 billion) for the first six months of 2018, up 10 percent year-on-year. The bank also announce…
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Posted on 24/07/2018

Enhanced ties between UAE, Eritrea, Ethiopia

Abu Dhabi: At the end of the tripartite meeting on Tuesday between His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, Isaias …
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Posted on 24/07/2018

Indian Spanish League player flies home after losing passport in Dubai

He was in transit in Dubai on his way to Madrid, Sumathi Vasudev, acting consul general of India in Dubai, told Gulf News on Sunday. He took to Twitter to seek help from India’s Minister of External A…
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Posted on 24/07/2018

Soundbites: Dubai-based Hadi gets serene on ‘Medicine’

The Dubai-based artist, who was born to Lebanese parents in Kuwait, builds upon his serene pop stylings on his new track, an ode to the restorative power of companionship. Ahead of the song’s release, …
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