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Month: May 2020

Posted on 21/05/2020

UAE banks risk rise in bad loans after virus ‘triple whammy’-S&P

United Arab Emirates banks are at risk from a spike in bad loans over the next one to two years as the oil-producing economy is hit by a “triple whammy” of a slump in oil prices, lower economic …
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Posted on 21/05/2020

Sharjah Entrepreneurship Center and Crescent Enterprises join hands to support startups amid Covid-19

An equity-free grant pool with ticket sizes of up to $50,000 available for Sheraa portfolio startups This website uses cookies to improve your online experience. They were placed on your computer when …
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Posted on 21/05/2020

UAE doctor says a contact-tracing app will be more effective in managing the coronavirus than a lockdown

Many countries, especially in Asia, have utilized extensive contact tracing to contain the spread of the virus.
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Posted on 21/05/2020

UAE- DLD starts remote property registration system

(MENAFN – Khaleej Times) Dubai Land Department (DLD) has successfully introduced a new registration system for real estate transactions, which allows real estate owners to complete sales transactions …
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Posted on 21/05/2020

Dubai Land Department introduces remote property registration system

DUBAI – Dubai Land Department, DLD, has successfully introduced a new registration system for real estate transactions, which allows real estate owners to complete sales transactions for their …
( read original story …)


Posted on 21/05/2020

Wireless Sensors market worldwide is projected to grow by US$9.1 Billion

Reportlinker.com announces the release of the report “Global Wireless Sensors Industry” – Poised to reach over US$4.6 Billion by the year 2025, Bluetooth will bring in healthy gains adding …
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Posted on 21/05/2020

A look at support for the UAE’s creative industry

The UAE has created a fund that patrons of the arts, individuals and companies can contribute to in order to support the country’s creative industry, says Noura Al Kaabi, minister of culture and …
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Posted on 21/05/2020

MOVES-Saudi Aramco appoints new VP of treasury – source

Saudi Aramco has appointed Ashraf Ghazzawi as a new vice president of treasury effective June 1, an industry source said.
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Posted on 21/05/2020

Covid tames UAE inflation

Dubai Statistics Centre data showed that the annual general consumer price index fell by 3.34 per cent in April 2020 compared to the same period in 2019.
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Posted on 21/05/2020

Investment Corporation of Dubai’s 2019 profit jumps 17% on banking and transport investments

Investment Corporation of Dubai (ICD), the principal investment arm of the emirate’s government, reported a 17 per cent increase in net profit for 2019 following a strong performance from investments …
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Posted on 21/05/2020

DLD starts remote property registration system

The registration processes start with sending details of real estate transactions to the registration trustee.
( read original story …)


Posted on 21/05/2020

Dubai unveils remote property registration

Dubai Land Department (DLD) has introduced a new registration system for real estate transactions, which allows real estate owners to complete sales transactions for their properties remotely from …
( read original story …)


Posted on 21/05/2020

Abu Dhabi Wealth Fund Sees U-Shaped Global Rebound Next Year

The global economy is likely to recover from this year’s virus-driven recession with 5% growth in 2021, according to Abu Dhabi’s $220 billion wealth fund.The most likely outcome following the economic …
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Posted on 21/05/2020

Dubai May Lose 30% of Hotel Jobs on Virus, STR Global Says

Dubai’s hotel occupancy has plummeted since the outbreak of the coronavirus and about 30% of workers in the industry will probably lose their jobs, according to research firm STR Global.
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Posted on 21/05/2020

Lamprell wins key EPIC contract in Sharjah

UAE-based Lamprell has been selected by Sharjah National Oil Corporation (SNOC) to undertake a medium-sized engineering, procurement, installation and commissioning (EPIC) contract associated with the …
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Posted on 21/05/2020

Solar Panels market worldwide is projected to grow by US$37.9 Billion

Reportlinker.com announces the release of the report “Global Solar Panels Industry” – Poised to reach over US$19.5 Billion by the year 2025, Mono-crystalline Solar Panel will bring in healthy gains …
( read original story …)


Posted on 21/05/2020

Abu Dhabi’s Wealth Fund Sees U-Shaped Global Rebound Next Year

The global economy is likely to recover from this year’s virus-driven recession with 5% growth in 2021, according to Abu Dhabi’s $220 billion wealth fund.
( read original story …)


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