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Month: December 2018

Posted on 16/12/2018

Dubai, UAE Bankruptcy Reports – Contracting Company, Supermarket & Retail Outlets – Dubai Video

https://gulfnews.com/business/property/50-per-cent-completion-required-before-off-plan-sales-can-begin-in-dubai-1.2176706 Al-Ahli supermarket … is closing down – Al-Sharhan Securities GEMS had plann…
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Posted on 15/12/2018

UAE President declares 2019 as ‘#YearofTolerance’

… News app for your Android or iPhone device and get news & live updates on the go. In a tweet, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and R…
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Posted on 15/12/2018

UAE-China currency swap expected to boost trade

Abu Dhabi: The UAE Central Bank said on Wednesday that a currency swap between China and the UAE is going well and that transactions between the two countries are up 13 per cent year on year.
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Posted on 15/12/2018

UAE Central Bank, Saudi Arabia to Develop Joint Cryptocurrency for Interbank Transactions

The United Arab Emirates and Saudi Arabia are jointly developing a digital currency meant for interbank transactions. A digital currency meant for interbank transactions is being jointly developed …
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Posted on 15/12/2018

Dubai’s DAE signs new $535m revolving credit facility

Firoz Tarapore, CEO of DAE said: “We are pleased to sign this facility with Emirates NBD, a leading bank in the UAE and the Middle East. This facility reinforces the strong availability of liquidity i…
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Posted on 15/12/2018

Beware: New ATM scam message in UAE can drain your bank account

There is no stopping the scammers from inventing new fraudulent ways once the old ones are exposed. All residents can do is stay vigilant and cross-check before acting on any SMS/Email/Whatsapp msg th…
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Posted on 15/12/2018

Government of Sharjah to acquire stake in struggling Invest Bank

The Sharjah government will take a majority stake in struggling Invest Bank, the lender said on Friday, in a move it said would help ensure its future growth. Invest, one of the smaller banks in the U…
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Posted on 15/12/2018

UAE, Chinese banks to enhance RMB clearing

the Central Bank of China and the Agricultural Bank of China discussed to improve the Renminbi clearing. [Photo/IC] DUBAI – Officials from the Central Bank of United Arab Emirates (CBUAE), the …
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Posted on 15/12/2018

Sharjah head into New Year as No.1

… News app for your Android or iPhone device and get news & live updates on the go. With closest rivals Al Ain not in action this week following their Fifa Club World Cup commitments, Sharjah sit at …
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Posted on 14/12/2018

Knowledge Summit Wraps Up Successful 5th Edition in Dubai

To view the Multimedia News Release, please click: https://www.multivu.com/players/uk/8465351-knowledge-summit-wraps-5th-edition-dubai/ “With five successful editions under its belt, the Summit has es…
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Posted on 14/12/2018

Aleema Khan Dubai property case in Supreme court of Pakistan – Dubai Video

You will watch in this video about: Aleema Khan in supreme court, aleema khan, Aleema Khan property in Dubai, Aleema Khan property case, Aleema Khan property, Haqaiq Info is educational, motivational, …
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Posted on 14/12/2018

Prime Dubai property prices set to fall 2.4% in 2019

Prime property prices in Dubai are forecast to fall by more than 2 percent next year. Prime property prices in Dubai are forecast to fall by more than 2 percent next year, making it one of three key g…
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Posted on 14/12/2018

Harsh Market Has Taken Down Another One – Jabre Capital Partners Is Returning Client Money

Some of these are large hedge funds that have managed billions of dollars … and it is based in Geneva with an additional investment office in Dubai. Jabre Capital Partners was founded by …
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Posted on 13/12/2018

UAE, Saudi Arabia start work on fintech for cross-border settlements

DUBAI (Reuters) – The United Arab Emirates and Saudi Arabia have started developing fintech for cross-border settlements, including a digital currency project, the UAE’s central bank governor …
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Posted on 13/12/2018

Jumeirah Group Opens Its First Luxury “Eco-Conscious” Resort on Saadiyat Island, Abu Dhabi

Abu Dhabi. To view the Multimedia News Release, please click: http://www.multivu.com/players/uk/8463251-jumeirah-eco-conscious-resortsaadiyatisland/ The luxury beachfront Resort overlooks 400 metres o…
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Posted on 13/12/2018

Finablr’s UAE Exchange, Ripple to begin blockchain payments by Q1

Read: UAE’s Finablr hires banks for IPO, listing in London UAE Exchange set a target in 2016 to spend between $250m and $300m on acquisitions to build its global market share. The company had …
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Posted on 13/12/2018

Finablr’s UAE Exchange, Ripple to Begin Blockchain Payments by First Quarter

Most funds are currently sent through foreign exchange branches but a growing chunk is being transferred via websites and apps, with the use of blockchain technology expected to ramp up in the next fe…
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