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Month: September 2018

Posted on 15/09/2018

Abu Dhabi Financial Group offers revised bid for Abraaj’s ME funds

Abu Dhabi Financial Group (ADFG … joining more than a dozen other bidders. Got a confidential news tip? We want to hear from you.
( read original story …)


Posted on 15/09/2018

Sharjah named Accessible City for Physically Disabled

Top officials and heads of various government entities have welcomed steps being taken by the United Nations recognising Sharjah as the “Accessible City for the Physically Disabled,” hailing it as yet …
( read original story …)


Posted on 15/09/2018

Why Pakistani expats feel at home in UAE

Ahmed Shaikhani, president, Pakistan Business Council, said many Pakistanis are based in the UAE for more than 35 years and now the second generation has been investing billions of dirhams in real est…
( read original story …)


Posted on 15/09/2018

Why UAE travellers prefer shorter holidays multiple times a year

With the power of technology at their fingertips, travellers from the UAE are becoming smarter, braver and bolder, when it comes to making decisions on how and when they want to go on vacation and tra…
( read original story …)


Posted on 14/09/2018

Once upon a time in the UAE, users already hyped on iPhone

Only one year after the original iPhone was introduced, UAE consumers had already shown interest in a device which, at that time, nobody had an idea how it would change the mobile world forever. But i…
( read original story …)


Posted on 14/09/2018

Dubai real estate needs more institutional investors: Rera chief

The Dubai property sector needs more hedge fund investors from Pakistan and other countries, the chief of the Real Estate Regulatory Authority (Rera) said on Friday. “In the last three years, Pakistan…
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Posted on 14/09/2018

Revealed: the importance of having a work ‘bestie’ in the UAE

More than 50 percent of UAE-based professionals say they have a best friend in the workplace who helps them thrive rather than survive the working day. Professional networking platform LinkedIn’s late…
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Posted on 14/09/2018

UAE spends $17.6bn on halal tourism, most in world

The UAE was named as a destination of choice for Muslim travellers due to several key factors including its competitive business environment, wide variety of travel and tourism activities, advanced IC…
( read original story …)


Posted on 14/09/2018

Dubai financial regulator appoints new CEO

from taking on new business or moving money to related entity Abraaj Investment Management. Read: Dubai regulator probes Abraaj Capital, stops it from taking on new work Abraaj filed for …
( read original story …)


Posted on 14/09/2018

With many Abu Dhabi sponsors, Man City makes record revenue

The annual report for the 2017-18 financial year was released Thursday showing the Abu Dhabi-owned club made a profit of 10.4 million pounds. City’s revenue has increased 44 percent in five years, fue…
( read original story …)


Posted on 14/09/2018

Abu Dhabi-owned Manchester City set sights on more glory after breaking through £500 million revenue barrier

“Our aim is obviously to build on the achievements of the last year,” Al-Mubarak (pictured below), City’s chairman since the club was bought by the Abu Dhabi United Group in 2008, said in a statement. …
( read original story …)


Posted on 14/09/2018

UAE FA to decide on the future of coach Alberto Zaccheroni ‘within days’

a UAE FA official has told Arab News. Despite Tuesday’s 3-0 win over lowly Laos during the team’s Spanish training camp, question marks still hang over “Zac.” Disquiet has been growing in Abu Dhabi ov…
( read original story …)


Posted on 13/09/2018

Relam Investment Launches HETACHAIN ICO Based on 3rd Generation Blockchain Technology

DUBAI, United Arab Emirates–(BUSINESS WIRE)–Sep 13, 2018–Relam Investment has officially launched its 3 rd Generation Blockchain technology ecosystem – HETACHAIN – and its ICO. The global launch st…
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Posted on 13/09/2018

UAE banking sector tops in GCC with H1 assets surging to Dh2.7t

The UAE banking sector, currently undergoing a new cycle of consolidation, continues to surpass GCC peers in terms of total assets that had surged two per cent to Dh2.7 trillion ($748 billion) in the …
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Posted on 13/09/2018

Profitability among top UAE banks continues to improve in Q2

Global professional services firm Alvarez & Marsal (A&M) said in its latest UAE Banking Pulse that operating income and net interest margins were significantly higher than in the previous quarter. Com…
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Posted on 13/09/2018

UAE banks lead Gulf peers with $748bn in assets

The UAE banking sector has continued to top other GCC counterparts in terms of assets value during the first half (H1) of 2018, with a total value of Dh2.7 trillion ($748 billion), a growth of 2 per c…
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Posted on 13/09/2018

Five things to know about the GCC banking mergers

Emirates NBD: In 2007, Emirates NBD was born when Emirates Bank International (EBI) and the National Bank of Dubai (NBD) – the UAE’s second and fourth largest banks – merged to become the most signifi…
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