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Month: August 2018

Posted on 31/08/2018

US official calls for investigation into Saudi-UAE raids in Yemen

Recent UN report blames Saudi-UAE military coalition for most of the civilian deaths in Yemen’s war. A US official has called for an investigation into attacks by the Saudi-UAE coalition in Yemen and …
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Posted on 31/08/2018

Mattis: US still backs Saudi-UAE alliance amid Yemeni deaths

US defence secretary says US support for Saudi Arabia and UAE-led coalition is not unconditional, ‘constantly reviewed’. US Secretary of Defense Jim Mattis said his country’s support for the Saudi Ara…
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Posted on 31/08/2018

UAE group contributes to ‘New Kerala’ vision…

Sitting miles away in the UAE, the group played a crucial role in the rescue operations … The group made great use of technology. “We scanned through all popular pages of Malayali leaders and influe…
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Posted on 31/08/2018

How bad is the squeeze on Dubai hotel revenues?

Some bad news for the hospitality sector last week? On the surface, yes. Preliminary data for July says average hotel daily rates in Dubai will hit their lowest mark since August 2004. Average daily r…
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Posted on 31/08/2018

Dubai awards contract to run new traffic management trial

state news agency WAM reported. Mattar Al Tayer, director-general and chairman of the RTA, said: “The RTA is undertaking the TIM scheme in collaboration with the General HQ of the Dubai Police. The sc…
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Posted on 31/08/2018

Boundless Possible masterbrand is ‘not similar’ to Dubai’s

He said his company was aware of the Dubai branding during development of the NT masterbrand but felt comfortable they were sufficiently different for it not to be a problem. NEW DEAL: GET 7-DAY PAPER …
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Posted on 31/08/2018

Dubai daily Gulf News to shut down its tabloid newspaper Xpress

Dubai-based weekly tabloid newspaper Xpress, published by Gulf News, will shut down its print publication this month. The paper’s final edition will hit newsstands on August 30. Abdul Hamid …
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Posted on 31/08/2018

Reinisch to lead rebranded Al Habtoor City in Dubai

The news, which was confirmed at a press event in Dubai, follows an earlier announcement that Marriott International would no longer manage the hotels on Sheikh Zayed Road. Mohammed Al Habtoor, chief …
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Posted on 30/08/2018

Dubai, Singapore pen FinTech agreement

The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) have penned an agreement that allows them to refer innovative financial technology (FinTech) companies betwe…
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Posted on 30/08/2018

A Crypto UAE is emerging, but FOMO already leaves a victim in Abu Dhabi

Seccurency, a US-based provider of financial technology products for the tokenized issuance and trading of securities, is set to open a crypto-asset business under the new Abu Dhabi Global Market (ADG…
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Posted on 30/08/2018

Dubai, Singapore regulators sign fintech deal

Dubai Financial Services Authority (DFSA) and Monetary Authority of Singapore (MAS) have entered into a deal to provide cooperation and referrals in the area of emerging financial technology.
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Posted on 30/08/2018

Dubai Signs Fintech Agreement With Singapore’s Monetary Authority

The Dubai Financial Services Authority (DFSA) has signed an agreement with the Monetary Authority of Singapore (MAS) that provides a framework for cooperation and referrals between the innovation team…
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Posted on 30/08/2018

StanChart to pilot smart guarantees in trade finance

… an industry-defining solution which we believe will transform the way guarantees are issued and processed in the UAE. Siemens Financial Services has been a key partner for us to build and develop …
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Posted on 30/08/2018

Neighbourhood Watch: Al Ghadeer, the Abu Dhabi satellite town that could be the future of transport

Plans to develop more than 6,000 homes were met with scepticism, despite the area being an easy commute to both Dubai and Abu Dhabi. Today … a deal to develop a transport system with Aldar Propertie…
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Posted on 30/08/2018

Outperforming Abu Dhabi index inches closer to 5,000 mark

The Abu Dhabi Securities Exchange general index closed … and was the most active stock in trade. Aldar Properties closed almost steady at Dh1.93. “The real estate and construction sector …
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Posted on 30/08/2018

Sharjah Performing Arts Academy to offer comprehensive programmes

Sharjah: His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued a Decree-Law No. 1 of 2018, on Sharjah Performing Arts Academy (SPAA). The new …
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Posted on 30/08/2018

Inmate assaults two policemen, damages property in Dubai

Dubai: A British inmate has gone on trial for physically assaulting two wardens and damaging public properties at a detention centre, a Dubai Court of First Instance heard. The defendant, 29 …
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