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Month: December 2018

Posted on 17/12/2018

UAE Finance Ministry launches innovation accelerator for start-ups

The Mohammed Bin Rashid Innovation Fund is inviting applications from start-ups around the world and will select up to 25 local and international companies for its first accelerator programme to boost …
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Posted on 17/12/2018

Pakistan, Saudis, UAE join US-Taliban talks

Mujahid said the meetings were continuing. Khalil Minawi, director of Afghanistan’s state-run Bakhtar news agency, earlier tweeted that officials from the United States, Afghanistan, Pakistan and the …
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Posted on 17/12/2018

UAE’s Central Bank reshuffles board of directors

DUBAI: The UAE Central Bank’s board of directors has been reshuffled under a decree by President Sheikh Khalifa bin Zayed, according to the state news agency WAM. Central Bank Gov. Mubarak Rashed Kham…
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Posted on 17/12/2018

What to do when your visa expires after exiting UAE

He is qualified to practise law in Dubai, the United Kingdom, Singapore, and India. Full details of his firm on: www.amalawyers.com. Readers may e-mail their questions to: news@khaleejtimes.com or sen…
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Posted on 17/12/2018

Taliban to meet US officials in UAE, group says

The meeting will be held in the United Arab Emirates and will involve Saudi, Pakistani and Emirati representatives, Taliban spokesperson Zabihullah Mujahid said in a statement on Twitter. Khalil Minaw…
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Posted on 17/12/2018

UAE accelerator targets about 30 entrepreneurs in first year

Shaikh Hamdan during the launch of the Mohammad Bin Rashid Innovation Fund Accelerator at Dubai Opera yesterday. The first group of accelerators will start their membership on April 7. Image Credit: N…
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Posted on 17/12/2018

Dubai issues nearly 2,000 new business permits in one month

Dubai: The city of Dubai continues to attract new businesses, with the emirate’s licensing division recently approving close to 2,000 permits. The Business Registration and Licensing (BRL …
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Posted on 17/12/2018

UAE finance ministry launches accelerator

The UAE’s Ministry of Finance has launched a new accelerator to drive innovation in the country. The Mohammed Bin Rashid Innovation Fund (MBRIF) Accelerator is a year-long programme established in par…
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Posted on 17/12/2018

UAE Residents Financially Happy Amid Looming Job Losses and Pay Cuts

YouGov’s latest survey finds that although UAE residents are generally happy with their current financial situation, they worry about their financial future due to fear of job loss and pay cuts Financ…
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Posted on 17/12/2018

UAE Central Bank says ready to provide liquidity to Sharjah’s Invest Bank

The UAE Central Bank on Sunday said it was closely monitoring financial developments at Sharjah’s Invest Bank after the emirate’s government said it would take a majority stake. The state …
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Posted on 17/12/2018

UAE central bank says to support Invest Bank with all available liquidity facilities

DUBAI, Dec 16 (Reuters) – The central bank of the United Arab Emirates (UAE) said on Sunday it stood ready to extend “all the available liquidity facilities” to struggling Invest Bank . The central ba…
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Posted on 17/12/2018

Dubai Investments unit said to hire HSBC, Citigroup for sukuk

Dubai Investments Park Development, which develops and manages property for the holding company, is also working with First Abu Dhabi Bank, Emirates NBD and Dubai Islamic Bank to place the five-year n…
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Posted on 17/12/2018

Dubai’s biggest bank embraces Google Pay technology

Emirates NBD, Dubai’s biggest bank, has announced that its debit and credit card customers can now pay via Google Pay. As contactless payments gain popularity in the UAE, the bank, which is investing …
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Posted on 17/12/2018

Souq.com opens Dubai centre that will create 600 jobs

Souq.com, the e-commerce platform Amazon bought for $580 million (Dh2.13 billion) last year, has opened a centre in Dubai that will create 600 jobs as the company continues to expand its footprint and …
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Posted on 17/12/2018

Gemini Property Developers to expand marketing activities to India at conclusion of Dubai Property Show Mumbai

Dubai, UAE: Gemini Property Developers, at a successful conclusion of Dubai Property Show Mumbai by Dubai Land Department, has planned the expansion of its marketing activities in India. High pan Indi…
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Posted on 17/12/2018

Dubai’s Careem launches delivery service, expects to close funding round soon

It plans to spend over $150m developing the delivery business, starting with food delivery services in Dubai and Jeddah. “Once you see us prove the model in the UAE (United Arab Emirates …
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Posted on 17/12/2018

UAE public holidays 2019 full list

With the end of 2018 just around the corner, it’s time to start marking your calendars with dates of 2019’s public holidays in the UAE. Exact dates of Islamic celebrations vary every year depending on …
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