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Month: July 2019

Posted on 24/07/2019

Dubai’s Noor Bank first-half net profit surges 29% to Dh410m

Dubai’s Noor Bank, a Sharia-compliant lender being acquired by its larger rival Dubai Islamic Bank, reported a 29 per cent rise in its first half-net profit as revenues rose and expenses fell. Net …
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Posted on 24/07/2019

UAE drawdown in Yemen raises hopes of ceasefire this year

RIYADH/DUBAI (Reuters) – A United Arab Emirates’ military drawdown in Yemen is building momentum for a nationwide truce this year, bolstering efforts by the Saudi-led coalition it is part of to end a …
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Posted on 24/07/2019

Abu Dhabi ‘increasingly affordable’ as prices fall 13%

Residential property prices in Abu Dhabi are more than 13 percent lower than a year ago, according to new research from consultants ValuStrat. Its Q2 2019 Abu Dhabi real estate market report also …
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Posted on 24/07/2019

Dubai set to launch first official property price index

The Dubai Land Department (DLD) and Property Finder have signed a memorandum of understanding (MoU) for the launch of Dubai’s first official sales and rental price index. The collaboration will create …
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Posted on 24/07/2019

UAE telco du to focus more on OTT TV rather than offering IPTV as triple play through bitstream access

However, he said that expanding beyond the UAE as a standard telco business is meaningless. “The value that we have in the UAE for every dirham will bring us much more if we continue focusing here. We …
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Posted on 24/07/2019

Noor Bank reports Dh410 million H1 2019 net profit

Noor Bank’s revenue rose by seven per cent in H1 2019, with contributions from income via net financing and investments as well as non-funded income. Image Credit: Clint Egbert/Gulf News Dubai …
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Posted on 24/07/2019

Dubai Land Department, Property Finder launch Dubai house price index

Dubai: Dubai Land Department (DLD) and Property Finder signed an unprecedented memorandum of understanding (MoU) on Monday, 22 July for the launch of Dubai’s first official sales and rental price …
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Posted on 24/07/2019

Why Dubai wants to become a 3D printed city

He says there’s a clear demand for 3D-printed buildings in the Emirate, which reassures construction firms that it’s worth investing in the technology. Lund-Nielsen, who works with customers in Dubai, …
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Posted on 24/07/2019

Dubai flight passengers can now check in at the Dubai Mall

Passengers flying from Dubai can now check-in at the Dubai Mall. Dnata’s DUBZ, a baggage technology and logistics company has opened a ‘check-in station’ in mall to offer airline passengers another …
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Posted on 24/07/2019

Dubai’s Emaar launches fifth phase of expo golf villas priced from Dhs1m onwards

It is aimed to cater to demand within the 145 sq km Dubai South development including those working at the Al Maktoum airport, Aviation District, Business Park, Exhibition District and …
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Posted on 24/07/2019

UAE’s du says US ban on Huawei not an issue for 5G network

United Arab Emirates telecoms company du has discussed U.S. restrictions on Huawei with the Chinese company and believes they will not hamper its 5G network, its chief executive said on Wednesday. A …
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Posted on 24/07/2019

UAE goes on hiring spree for Chinese language teachers

A Chinese language programme will officially launch in UAE schools starting in September, according to the Ministry of Education. About 150 Chinese language teachers will be recruited for the academic …
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Posted on 24/07/2019

Dubai Police issues fresh warning to parents after three crashes

For illustrative purposes only. Image Credit: Atiq-Ur-Rehman/Gulf News Dubai: Police have warned motorists to ensure the safety of their children by buckling them up at all times in the back-seat. …
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Posted on 24/07/2019

Massive Dubai-Sharjah road project opens today

A new highway project has promised to massively slash travel times between Dubai and Sharjah, bringing good news to the huge number of commuters who travel between the emirates on a daily basis. The …
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Posted on 24/07/2019

UAE e-commerce transactions to reach $16bn in 2019, study says

Higher internet penetration, an advanced digital infrastructure and a younger population eager to embrace technology-driven solutions were behind the higher growth numbers. The typical value of an …
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Posted on 24/07/2019

Dh5,000 fine for walking dog without leash in Abu Dhabi – News |

(MENAFN – Khaleej Times) Walking your dog without a leash in public places in Abu Dhabi can get you fined at least Dh5,000, the Abu Dhabi Municipality has warned. Dogs are also not allowed in …
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Posted on 24/07/2019

Abu Dhabi Salik: What we know about the toll gates so far – News |

(MENAFN – Khaleej Times) Viral messages have been floating around on WhatsApp and other social media sites over the last couple of days, indicating that the toll gates system would soon be …
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