UAE must take increased measures to stamp out money laundering or face inclusion on an international watch list, the world’s main dirty money monitoring group has warned. The Financial Action Task …
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COVID-19: UAE’s ADIB bids on digital to drive Islamic trade finance
“We are now executing more Islamic trade finance transactions through our digital platform” This website uses cookies to improve your online experience. They were placed on your computer when you …
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Abu Dhabi property prices and rent have dropped in 2020
Abu Dhabi’s real estate market has seen marginal declines in both sales prices and rent in the past few months. According to real estate service company Asteco, rental prices for apartments and villas …
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COVID-19: Emirates announces to operate more special flights on limited routes in May
Those who wish to travel to Shanghai must contact the Chinese embassy or consulate Dubai: Emirates airline has announced to operate more special flights on limited routes from Dubai to Frankfurt, …
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Asset gains: Bitcoin surge lights up global crypto market
Bitcoin recorded a significant rally that allowed it to erase virtually all of the losses resulting from the mid-March meltdown. This led other crypto coins to post notable gains as well. “Bitcoin is …
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COVID-19 Diary: The importance of gratitude and empathy – experiences of a Ukrainian expat in India
Being stuck at home makes life less than wonderful. But there are still things one can do to appreciate life at a time when others are so hard hit, as this Ukrainian designer explains.
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UAE Calls on All Libyan Parties Commit to Political Process, Renews Support to Haftar
The UAE “commends the Libyan National Army for conducting anti-terror operations”, a statement by the Emirati Foreign Ministry said, expressing “its categorical rejection of the T …
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Dubai Islamic Bank’s net profit drops 18% amid coronavirus charges
Dubai Islamic Bank said first-quarter profit fell 18% as it took 1.48 billion dirhams ($403 million) in impairments to cover the impact of the coronavirus pandemic, weak oil prices and lower interest …
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Dewa signs power purchase deal for MBR solar park Phase V
This phase will use photovoltaic solar panels and will be commissioned in stages starting from the third quarter of 2021, said a statement from Dewa. In November last year, Dewa had announced the …
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DEWA, ACWA Power sign power purchase agreement for fifth phase of Mohammed bin Rashid Al Maktoum Solar Park
Dubai Electricity and Water Authority (DEWA) announced on Wednesday that it has signed a 25-year Power Purchase Agreement (PPA) for the 900 megawatt (MW) 5 th phase of the Mohammed bin Rashid Al …
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UAE’s vast networks allow it to be a global leader on pandemic
One of the quiet revolutions taking place in the UAE over the past decade has been its innovation in science and technology …
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UAE, Saudi coronavirus rules drive enterprises toward e-commerce
New regulations and an increase in online shopping push companies in UAE, Saudi Arabia and other countries in the region to adopt technology to support e-commerce revenue.
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University of Sharjah extends a message of gratitude to staff, students and patrons
The University of Sharjah started distance learning on March 7 this year immediately after the announcement of the implementation by the UAE authorities. Ever since, academic, administrative and …
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Virus May Be a Welcome Reality Check for Dubai’s Property Glut
While the coronavirus is wreaking havoc around the world, it could give Dubai’s long-slumping property market a much-needed break from new projects, a top developer said.
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Coronavirus: Hackers pose as Dubai Police to steal bank details
I was suspicious about him from the start so in the time between his first and second calls, I rang up Dubai Police who confirmed the calls weren’t from them. The fraudster w …
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Abu Dhabi Shelves Sale of $2 Billion Private Equity Book Due to Coronavirus
The Abu Dhabi Investment Authority is delaying the sale of $2 billion in private-equity fund stakes after the outbreak of the deadly coronavirus.
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UAE doing too little to stem money laundering and terrorist finance – watchdog
The United Arab Emirates is not doing enough to prevent money laundering despite recent progress, and causing concerns about its ability to combat financing of terrorism, the global dirty money …
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