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Month: August 2018

Posted on 24/08/2018

Shelved Aramco IPO hits at heart of Saudi prince’s reforms

DUBAI/RIYADH (Reuters) – Saudi Arabia’s decision to shelve … bankers and investors say. The initial public offering (IPO) of 5 percent of state-owned oil giant Saudi Aramco was a centrepiece of the …
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Posted on 24/08/2018

Banking the unbankable: Rise is on a mission

a Dubai-based start-up aimed at providing banking facilities to low-income workers. While this may be a relatively small amount individually, Rise saw the potential for scale. Collectively, maids in t…
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Posted on 24/08/2018

Kerala Floods: UAE denies offering Rs 700 crore financial aid, says final decision pending

(File Photo/PTI) In what is certain to leave the Congress and the Pinarayi Vijayan government in Kerala red-faced, the United Arab Emirates (UAE) has rejected reports about it offering a generous Rs 7…
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Posted on 24/08/2018

UAE denies Rs 700 crore aid to flood-hit Kerala, says yet to decide on final amount

The United Arab Emirates (UAE) on Friday said that it was yet to finalise any specific amount to help the victims of Kerala floods. The clarification from the UAE came amid the row over centre’s denia…
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Posted on 24/08/2018

Does the Aramco IPO saga change Saudi crown prince’s vision?

The IPO was at the centre of Vision 2030 … global head of equity research and strategy at investment firm Exotix Capital in Dubai. The delay to the Aramco sale “demonstrates not that there is a lack …
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Posted on 24/08/2018

Kerala Floods: UAE denies Rs 700 crore financial aid, says final decision pending

(File Photo/PTI) In what is certain to leave the Congress and the Pinarayi Vijayan government in Kerala red-faced, the United Arab Emirates (UAE) has rejected reports about it offering a generous Rs 7…
( read original story …)


Posted on 24/08/2018

Nothing official says UAE on Rs 700 crore flood relief to Kerala

New Delhi, Aug 24: At a time when Centre and Kerala government are at loggerheads over financial aid announced by United Arab Emirates for the rehabilitation of the flood-ravaged state, UAE Ambassador …
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Posted on 24/08/2018

Dubai investor confidence ‘robust’ in July as 1,651 licences issued

Investor confidence in Dubai remained robust during July with the Department of Economic Development (DED) witnessing 24,489 transactions related to business licensing and registration. A total of 1,6…
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Posted on 24/08/2018

Students in the UAE celebrate IGCSE results

Dubai: After much hard work and months of anticipation, Grade 11 students across the country finally received their long-awaited IGCSE/GCSE results on Thursday. Students and their parents visited thei…
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Posted on 24/08/2018

UAE will create businesses opportunities for Ghanaian enterprises – Ambassador

Ambassador of the United Arab Emirates (UAE) to Ghana, Sheikh Khalifa Al-Zaabi, has said the emirates will play a critical role in creating business opportunities for Ghanaian enterprises and promote …
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Posted on 24/08/2018

Kerala floods: UAE says nothing official yet, no amount of financial aid announced

With his country at the centre of a debate in India over acceptance of Rs 700 crore foreign aid for flood-ravaged Kerala — that debate is now a political slugfest between the Left that runs Kerala and …
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Posted on 24/08/2018

US flying taxi firm conducts trial in Dubai

US-based flying taxi firm Vimana Global has conducted a prototype trial of its autonomous aerial vehicle (AAV) in Dubai prior to its launch in the emirate, its CEO has said. “We are at the starting po…
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Posted on 24/08/2018

Brit expat, 60, hounded and threatened by Dubai debt collectors over £500k bill – but BANNED from working or leaving

Debt is a criminal offence in Dubai, and Jonathan Castle is facing three years in jail Jonathan Castle moved in 2002 to pursue the ‘Dubai lifestyle’, but missed payments saw loans that began at £20,24…
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Posted on 24/08/2018

Yemen’s Houthis say 26 killed in coalition airstrikes, UAE media blame Houthis

The United Arab Emirates’ state news agency WAM said the Houthis had launched a ballistic missile, which resulted in the death of one child and injured dozens of civilians in Ad Durayhimi. Saudi Arabi…
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Posted on 24/08/2018

Mint on Track to Comply With the UAE Central Bank Payment Service Provider Regulations

Forward looking Statements This news release contains forward-looking statements. Forward-looking information include the statement that Mint expects the UAE central bank regulatory framework for stor…
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Posted on 23/08/2018

Kerala Flood: Indian Government Refuses Foreign Financial Aid

As Kerala is struggling to find its ground after the devastating floods, financial aid and technical assistance have been pouring in from all corners of the country as well as from the world. UAE, Mal…
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Posted on 23/08/2018

Asia Cup’s first hero returns to Sharjah Stadium after 34 years

A fan lifts the bat of Surinder Khanna after he produced a match-winning performance against Sri Lanka in the first Asia Cup in 1984 at the Sharjah Cricket Stadium. Javed Nawab/Gulf News Archive “It w…
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