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Month: May 2019

Posted on 06/05/2019

UAE leaders exchange Ramadan greetings

Similar cables to the Arab and Muslim leaders have been sent by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohamed bin …
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Posted on 06/05/2019

Free parking during Ramadan announced in Dubai

Parking will be completely free in the majority of areas in Dubai from 6pm to 8pm every Saturday to Thursday, as well as from midnight to 8am. In Barsha Heights, there will be no charges after 6pm …
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Posted on 06/05/2019

UAE rulers pay rich tributes to Armed Forces

File photo: UAE armed forces in action. Image Credit: Gulf News Archives “The UAE would always be grateful to its loyal sons who had brought it glory and made great sacrifices to defend it.
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Posted on 06/05/2019

Abu Dhabi Media, UFC ink broadcast partnership deal

“We are looking forward to working closely with Abu Dhabi Media on localized media initiatives for the region,” he added.-TradeArabia News Service
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Posted on 06/05/2019

Sharjah Ruler visits Turin’s museums

His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, visited several museums in Turin, Italy, on Saturday. These included the Royal Museums in Turin and …
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Posted on 05/05/2019

Success stories: How three UAE expats tackled debts, loans and credit cards

Yes, say three UAE expats. Here’s a look at how they found themselves in huge debts, but successfully rose back to financial stability. ‘I bought many things that I didn’t really need…’
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Posted on 05/05/2019

Du to showcase 5G technology before commercial launch

Dubai-based telecom operator du is going to showcase the potential and benefits of the fifth-generation (5G) cellular technology to the customers at its stores in Dubai and Abu Dhabi. From May 8, …
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Posted on 05/05/2019

UAE car rental service secures $5m funding to drive expansion

UAE-based Udrive, the app-based pay-per-minute car rental service, has announced a $5 million Series B round of funding. Founded in 2017, the start-up said it has undergone one previous round of …
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Posted on 05/05/2019

MoF Holds Workshop to Explain Bankruptcy Law and Financial Restructuring Procedure

To ensure the optimal application of federal laws and to strengthen the commitment of national institutions to international best practices, the Financial Restructuring Committee organised a workshop …
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Posted on 05/05/2019

UAE’s Gulf Capital secures $136m financing, eyes new deals

Abu Dhabi-based Gulf Capital has announced that it has successfully closed a new long-term AED500 million ($136 million) syndicated revolving credit facility. The alternative asset management firm …
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Posted on 05/05/2019

Dubai Investments profit declines despite gains last year

Dubai Investments said in a filing to the Dubai Financial Market, where its shares are traded, on Sunday. Profit for the first quarter of 2018 included a gain of Dh333m attributed to the acquisition …
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Posted on 05/05/2019

Dubai Financial Market : Investments generates AED 202m profit in Q1

Dubai – Mubasher: Dubai Investments Company (DIC) reported a 44% year-on-year drop in its profits for the first quarter of 2019. Net profits amounted to AED 202 million in Q1-19, compared to AED 361.9 …
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Posted on 05/05/2019

Dubai Silicon Oasis receives international media delegation

Dubai: Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), an integrated free zone technology park, welcomed a delegation of journalists from international media …
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Posted on 05/05/2019

du invites UAE residents to visit stores in Dubai & Abu Dhabi to experience 5G technology

Dubai, UAE: du, from Emirates Integrated Telecommunications Company (EITC), is inviting UAE residents to visit its flagship stores in Dubai and Abu Dhabi, starting May 8, to experience 5G technology …
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Posted on 05/05/2019

Indian national hits jackpot in raffle draw in Abu Dhabi, wins $4 million

An Indian national in UAE on Friday hit a jackpot by winning a whopping dirham 15 million ($4 million) in a raffle draw in Abu Dhabi. The man named Shojith KS, who lives in Sharjah, won at the Abu …
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Posted on 05/05/2019

Smart Dubai to get employee flight discounts under Emirates agreement

Emirates Airline recently signed agreeemnt with Smart Dubai to offer special flight discounts to Smart Dubai employees. Reportedly, Emirates will also support Smart Dubai with its travel requirements …
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Posted on 05/05/2019

Wages Protection System, and what UAE law says about salary delays

An initiative was launched by the UAE’s Ministry of Human Resources and Emiratisation (Mohre) and National Bonds Corporation that encourages labourers to make savings through the Wages Protection …
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