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Month: July 2019

Posted on 29/07/2019

UAE- ADCB reports H1 2019 net profit of AED2.782 billion

The combination, which reinforced ADCB Group’s position as the third largest bank by assets in the UAE, has created a resilient platform for sustainable growth through greater scale. Overall ADCB …
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Posted on 29/07/2019

Sharjah police solved over 2,269 financial disputes in 2019

Sharjah Police’s initiative “Reconciliation is good” settled over 2,269 financial disputes during the first half of 2019. The initiative was carried out by the financial complaints unit of the Sharjah …
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Posted on 29/07/2019

Abu Dhabi waives 1% fee for refunding re-export security deposits

The Abu Dhabi Executive Council has issued a resolution to waive the 1 per cent fee collection when refunding the security deposit paid for the value of temporarily imported goods, reducing operating …
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Posted on 29/07/2019

UAE-based family’s only son shot dead in US supermarket robbery

But when the news was broken to them, they were inconsolable,” said Vengali. Neil’s father, Kumar Purushu and his wife Seema have been living in Sharjah for the last 52 years and all their three …
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Posted on 29/07/2019

Dubai-based VC Turns an Idea Into a Revenue Generating Startup Within 7 Days in New Reality Web Series

the crew behind venture capital firm ASA Ventures teams up with an entrepreneur to turn an idea into a revenue generating startup in just 7 days DUBAI, UAE, July 28, 2019 /PRNewswire/ — ASA …
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Posted on 28/07/2019

Dubai property is ripe for shared experiences

To facilitate this, the back-end of technology has had to evolve as well. Cloud computing and shared networks allow for greater and seamless integration of workflows for example. While Dubai has …
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Posted on 28/07/2019

Sharjah police settled 2,269 financial disputes in 2019

Sharjah: Sharjah police have settled 2,269 financial disputes in the first half of 2019 without cases having to go to court, an official said on Sunday. The police have returned more than Dh115 …
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Posted on 28/07/2019

Dubai-Sharjah Ferry Service Launched| Mathrubhumi News – Dubai Video

Dubai Roads and Transport Authority has launched a ferry service for passengers travelling between Dubai and Sharjah. There will be services in every 30 minutes. Tune to Gulf Time for more Gulf News. …
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Posted on 28/07/2019

Former Sharjah student shot dead in US gas station robbery

who are both based in Sharjah. He is also survived by two older sisters Neema and Nastasha, who both live in the US. Relative Ramanan Vengali told Gulf News: “I put the parents on a flight from …
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Posted on 28/07/2019

Abu Dhabi’s ADCB Quarterly Profit Drops 11% on Cost of Funds

Abu Dhabi Commercial Bank PJSC, which completed a three-way merger in May, reported an 11% decline in second-quarter profit as the cost of funds rose. Pro-forma net income of the combined bank fell to …
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Posted on 28/07/2019

UAE traffic: Motorists deal with tailbacks on Sunday morning

Heavy traffic was reported on the Dubai and Sharjah roads on Sunday (July 28) morning. Traffic movement is extremely slow right from Al Taawun in Sharjah, crossing Al Nahda and heading towards Al …
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Posted on 28/07/2019

Dubai International Financial Centre boosts UAE financial sector development; reports significant growth during first half of 2019

Total number of companies currently operating in the DIFC stands at 2,289 – a 14 percent increase year-on-year and a 7 percent increase since end of 2018 Over 250 new companies, a 10 percent increase …
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Posted on 28/07/2019

Dubai Financial Hub Adds Companies Even as Slowing Growth Weighs

The number of financial companies operating in the Dubai International Financial Centre rose 11% during the first half, even as a slowing global economy forced some banks to cut jobs. Almost 2,290 …
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Posted on 28/07/2019

Dubai Is Back and a Bargain, at Least to Stock Pickers With Time

“Dubai’s cheap stocks are for those prepared … U.A.E. stocks are concentrated in industries including finance and have little exposure to other sectors such as technology, which trade …
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Posted on 28/07/2019

Rally on UAE bourses loses steam

The Dubai Financial Market general index closed 0.16 per cent lower at 2,846.07. The Dubai index has gained 4.28 per cent in three of the past four session, and accumulated 8 per cent gains since …
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Posted on 28/07/2019

Dubai and India to enhance financial collaboration

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has undertaken a successful mission to the state of …
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Posted on 28/07/2019

UAE families thrilled about work permits for men on family-sponsored visas

Image Credit: Ahmed Ramzan/Gulf news archives Dubai. The new work permit that allows men who are sponsored by a family member to work is being viewed as a game-changer. Working class families …
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