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Month: August 2018

Posted on 16/08/2018

Get free high-speed internet in UAE during five days of Eid Al Adha

du, from Emirates Integrated Telecommunication Company (EITC), will keep you connected with your loved ones during Eid Al Adha by offering complementary higher-speed WiFi for five days across the UAE. …
( read original story …)


Posted on 16/08/2018

London Cop To Carry ‘Flame Of Hope’ In Abu Dhabi

Sergeant Derek Spence, a 32-year veteran of the London Police Service, will travel to Abu Dhabi in the United Arab Emirates in March to carry the torch in the final leg of the Law Enforcement Torch Ru…
( read original story …)


Posted on 16/08/2018

Dubai’s private sector records slowest growth in three months in July

Business conditions in Dubai’s non-oil private sector improved at a slowest rate in three months in July, according to the monthly survey by Emirates NBD. The seasonally adjusted Dubai Economy Tracker …
( read original story …)


Posted on 16/08/2018

Dubai regulator probes Abraaj Capital, stops it from taking on new work

Dubai’s financial services regulator has stopped Abraaj Capital from taking on new business or moving money to Abraaj Investment Management (AIML), its related entity, as part of an investigation into …
( read original story …)


Posted on 16/08/2018

In the Wake of the Ongoing Floods in Kerala; UAE Exchange and Unimoni Waive Service Fee on Remittances to Kerala Chief Minister’s Distress Relief Fund

ABU DHABI, United Arab Emirates — Leading money transfer, foreign exchange and payment solutions brands, UAE Exchange and Unimoni, have waived service fee on remittances to Kerala Chief Minister’s Dis…
( read original story …)


Posted on 16/08/2018

Adnec to promote Abu Dhabi as global medical tourism hub

At the MESE awards in May 2018 – the company bagged the ‘Best Venue’ award for its Abu Dhabi National Exhibition Centre. – TradeArabia News Service
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Posted on 16/08/2018

Owner of UAE property site Bayut receives $50m investment

UAE listings site Bayut.com’s parent company Emerging Markets Property Group (EPMG) has secured $50m of investment as part of a funding round. EPMG, which also owns and operates Zameen in Pakistan, Bp…
( read original story …)


Posted on 16/08/2018

UAE’s four biggest banks see combined profit rise of 21%

Profitability for the banks, which include First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank and Dubai Islamic Bank, is likely to continue into 2019, the data showed. The UAE’s four larges…
( read original story …)


Posted on 16/08/2018

Sharjah, UK Foster Knowledge Cooperation

The Sharjah Research Technology and Innovation, SRTI, Park, along with the American University of Sharjah Enterprises, AUSE, have signed an agreement with the Future Cities Catapult Services, a UK gov…
( read original story …)


Posted on 16/08/2018

Abu Dhabi Rose’s accident-prone past firmly behind her for festival

Abu Dhabi Rose Sara Kate Mangan has revealed that she once fell off a cliff in her younger accident prone days. The 26-year-old nurse also received 18 stitches on her forehead from another incident wh…
( read original story …)


Posted on 16/08/2018

UAE’s top-four banks to maintain stable profitability into 2019, report says

First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank and Dubai Islamic Bank posted a combined 21 per cent year-on-year increase in second quarter net profit to Dh8 billion, Moody’s Investors …
( read original story …)


Posted on 16/08/2018

Bank fraud: Sterling Biotech owner Nitin Sandesara detained in Dubai

In a major breakthrough in the Rs 5000-crore Sterling Biotech case, authorities in the UAE have detained Nitin Sandesara, the owner of the Gujarat-based pharma group. The company is accused of willful…
( read original story …)


Posted on 16/08/2018

Accused in Rs 5,000 crore bank fraud case held in Dubai

Officials said Sandesara was arrested by Dubai police based on a non-bailable arrest warrant issued by an Indian court. Nitin Sandesara, an absconding director of a Gujarat-based pharma company which …
( read original story …)


Posted on 16/08/2018

US official says UAE paid Yemen tribes to push al-Qaida out

CAIRO – A senior U.S. official acknowledged Wednesday that the United Arab Emirates had paid money to tribal leaders in Yemen to rout al-Qaida militants from their strongholds in the war-torn county. …
( read original story …)


Posted on 15/08/2018

Gulf Hotels Group unveils first UAE property

Gulf Hotels Group (GHG), Bahrain’s leading home-grown hospitality provider, has announced the soft opening of its first UAE property – The Gulf Court Hotel Business Bay. The opening is the first phase …
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Posted on 15/08/2018

How Transguard is using technology to find new avenues of business

We work really closely with Dubai Police, so it was well received … the first block of which will house 10,000 employees in a building that includes solar technology, LED lighting, water efficiency …
( read original story …)


Posted on 15/08/2018

Dubai taps India’s jewellery sector

The Dubai Chamber of Commerce and Industry recently concluded a study mission to India, which explored business opportunities in the country’s gems and jewellery sector. The study mission included vis…
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