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Month: July 2019

Posted on 09/07/2019

UAE banking system remains sound

DUBAI — The UAE banking system remains sound with sufficient capitalization and liquidity reserves, solid financial performance and high operating efficiency, the Central Bank of the UAE (CBUAE) said …
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Posted on 09/07/2019

Sharjah issues 1st permanent residency visa to Indian businessman

The Golden Card is a 10-year long-term visa eligible for investors. Photo credit: Sharjah foreign affairs department Sharjah’s first Golden Card visa was issued to an Indian expat businessman, as part …
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Posted on 09/07/2019

Abu Dhabi opens commercial, service sector to industrial firms

The resolution aims at expanding the services sector in Abu Dhabi, which encourages industrial enterprises … it added.-TradeArabia News Service …
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Posted on 09/07/2019

Dozens of eco-friendly wi-fi buses coming to Dubai

Nearly 100 new eco-friendly, low fuel-consumption buses are to be deployed onto the streets of Dubai, as the emirate continues to grow its green transportation ambitions. Ninety-four new buses will be …
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Posted on 09/07/2019

Dubai’s non-oil economy grows in June

“Nevertheless, the survey data so far this year supports our view that Dubai’s GDP growth is likely to be faster this year compared with 2017 and 2018.” Subscribe to Arabian Business’ newsletter to …
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Posted on 09/07/2019

Is the UAE financial system FATF-ready?

UAE financial institutions have plenty of reasons to be on … Al Rahman said in a telephone interview last month that it is needed “to sustain your business, because you cannot afford the reputation …
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Posted on 09/07/2019

Businessman from Kerala gets UAE permanent residency

Also read: How expat professionals can apply for UAE Gold Card At least 400 outstanding expatriates, including business leaders, have received the Gold Card since the permanent residency was …
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Posted on 09/07/2019

Dubai and Prague build new bridges of economic relations

Organised Dubai Chamber of Commerce and Industry in cooperation with the Czech Business Council in Dubai, the forum coincided with a Dubai Chamber-led trade mission to Prague and Karlovy Vary. …
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Posted on 09/07/2019

Ghana’s agro-trade with Dubai rises by 25% in 2018

This was revealed by the Head of Dubai Chamber Representative Office in Ghana, Cyril K. Darkwa, in an interview with Goldstreet Business, at the launch of the Meet the Farmer Conference. Earlier this …
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Posted on 09/07/2019

Abu Dhabi – get ready to taste the capital

The best news is that it won’t cost more than Dhs750 per couple, so whether you live in Abu Dhabi and just don’t fancy the taxi ride home, or you’re visiting from one of the other emirates, it’s the …
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Posted on 09/07/2019

UAE banks remain strong with sufficient liquidity and capital reserves, central bank says

The banking system in the UAE remains strong with sufficient capital base and liquidity reserves, performing efficiently last year amid favourable macro-economic conditions and a proactive fiscal …
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Posted on 09/07/2019

UAE draws down troops in Yemen in ‘strategic redeployment’

DUBAI, United Arab Emirates – The United Arab Emirates has drawn down its troop levels in Yemen but remains a key member of the Saudi-led coalition at war with Iran-aligned rebels there. A senior …
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Posted on 08/07/2019

Abu Dhabi turns on the ‘world’s biggest’ single site solar plant with 3.2MILLION panels

Before the Noor Abu Dhabi was switched on, the largest single solar panel was Dubai’s Mohammed bin Rashid Al Maktoum Solar Park. Mohammad Hassan Al Suwaidi, Chairman of EWEC said: ‘The completion of …
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Posted on 08/07/2019

Abu Dhabi residential prices, rents continue to drop in H1

Prices and rents for apartments in Abu Dhabi declined on average between 4 per cent to 11 per cent during the first half of this year, according to a new report by online property firm Bayut. While …
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Posted on 08/07/2019

UAE a leading hub of Islamic Finance

The UAE is a major destination for Islamic Finance and banking. The demand for Islamic banking products is on the rise across country. Aafaq Islamic Finance, a leading financial company in the UAE, in …
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Posted on 08/07/2019

UAE troop drawdown in Yemen was agreed with Saudi Arabia: official

DUBAI (Reuters) – The United Arab Emirates had been planning its recent troop drawdown in Yemen for over a year and coordinated its move with key ally Saudi Arabia, a senior Emirati official said on …
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Posted on 08/07/2019

UAE says reducing troops in war-torn Yemen

The United Arab Emirates said Monday it was redeploying and reducing troops across war-torn Yemen and moving from a “military-first” strategy to a “peace-first” plan. The UAE is a key …
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