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Month: November 2018

Posted on 12/11/2018

Dubai seen to be ahead of regional peers as innovation hub

Speaking to ITP Chairman Andrew Neil at the Arabian Business Forum in Dubai on Monday, Sweid – who was formerly chief investment officer at the Dubai Future Foundation and was founder of Leap Ventures …
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Posted on 12/11/2018

Drone video: Expo 2020 Dubai takes shape

Read: Video: Expo 2020 Dubai reveals design for final pavilion … Ahmed Al Khatib, told Gulf Business earlier this year. “The majority of Expo 2020-built construction contracts have already …
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Posted on 12/11/2018

UAE to list sectors for full foreign investment in early 2019

The UAE government early next year aims to publish a list of the sectors in which it will permit foreign ownership of up to 100 per cent, the economy minister said on Monday. Special business …
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Posted on 12/11/2018

Abu Dhabi summit: Oil production cuts may be necessary

ABU DHABI, United Arab Emirates (AP) — OPEC and allied oil-producing countries will likely need to cut crude supplies, perhaps as much as 1 million barrels of oil a day, to rebalance the market after …
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Posted on 12/11/2018

UAE MoF holds the Government Financial Policy Coordination Council’s third meeting of 2018

HE Younis Haji Al Khoori stressed the pivotal role that the Government Financial Policy Coordination Council plays in studying financial data, discussing the latest issues and changes in financial pol…
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Posted on 12/11/2018

Swiss cryptocurrency firm X8 obtains Islamic finance certification

Switzerland-based financial technology firm X8 AG has obtained … Also read: How to protect yourself from crypto scams in the UAE The company hopes its Ethereum-based cryptocurrency, which …
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Posted on 12/11/2018

UAE banking sector to maintain steady growth

Rating agencies and independent analysts confirm a steady revival in the financial performance of UAE banks, thanks to the rising interest rates and the improving macroeconomic conditions in the …
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Posted on 12/11/2018

Third China-UAE conference on Islamic Banking concludes

DUBAI, 11th November, 2018 (WAM) — The third China-UAE conference on Islamic Banking and Finance, CUCIBF III, concluded recently, with the participation of leading economic experts, bankers, decision …
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Posted on 12/11/2018

Dubai launches New York office as it chases more US property investors

The office will work closely with real estate brokers in the United States to encourage them to promote Dubai real estate projects among American investors. Dubai Land Department (DLD) has inaugurated …
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Posted on 12/11/2018

Abu Dhabi Crown Prince: Saudi role in Arab world pivotal to counter risks

Saudi Arabia’s King Salman bin Abdualziz and Abu Dhabi Crown Prince Mohamed bin Zayed Al Nahyan discussed ways of further consolidating the robust brotherly relations between the two countries …
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Posted on 11/11/2018

UAE’s Leading Technologists and Security Experts Convene to Make Future Technology Week a Global and Game-Changing Dubai-Based Event

Some of the UAE’s most forward-thinking experts, charged with delivering technological innovation and security to the Emirates have met to mastermind delivering a game-changing tech event in Dubai. Fu…
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Posted on 11/11/2018

UAE to develop laws to govern self-driving cars and artificial intelligence

The UAE will begin developing laws governing self-driving cars and artificial intelligence to prepare the country to embrace the technologies of the future. Mohammad Al Gergawi, Minister of Cabinet Af…
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Posted on 11/11/2018

UAE central bank removes 20% cap on real estate loans, Banking Federation chief says

The UAE central bank lifted a 20 per cent cap on real estate lending as a percentage of the total deposits of banks, the chairman of the UAE Banks Federation said. The restriction is removed through t…
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Posted on 11/11/2018

Third China-UAE conference on Islamic Banking & Finance concludes successfully amid international acclaim

Al Saleh: “UAE-China relations are gaining momentum as efforts to support the Belt & Road initiative & to guide the Islamic economy continue.” • Mansoor Al Awar: “We continue to engage in constructive …
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Posted on 11/11/2018

Dubai police start training on actual flying hover-bikes

Dubai’s police force has apparently started training its officers how to pilot a new flying motorbike, an initiative from the Russian-owned California-based Hoversurf first unveiled at last year …
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Posted on 11/11/2018

Dubai Land Department opens real estate office in New York

DUBAI, 11th November, 2018 (WAM)—The Dubai Land Department, DLD, has opened a real estate promotion office in New York, in partnership with Aqari Global Ltd ‘Century 21,’ and in the presence of Maji…
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Posted on 11/11/2018

DLD, ADGM in deal to promote Dubai real estate

The Dubai Land Department (DLD) has signed a memorandum of understanding (MoU) with the Registration Authority of Abu Dhabi Global Market (ADGM). The MoU was signed by Sultan Butti bin Mejren, directo…
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