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Month: April 2020

Posted on 30/04/2020

UAE risks inclusion on money laundering watch list, watchdog warns

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 ... ( read original story ...)

Posted on 30/04/2020

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 ... ( read original story ...)

Posted on 30/04/2020

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 ... ( read original story ...)

Posted on 30/04/2020

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, ... ( read original story ...)

Posted on 30/04/2020

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 ... ( read original story ...)

Posted on 30/04/2020

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. ( read original story ...)

Posted on 30/04/2020

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 ... ( read original story ...)

Posted on 30/04/2020

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 ... ( read original story ...)

Posted on 30/04/2020

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 ... ( read original story ...)

Posted on 30/04/2020

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 ... ( read original story ...)

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