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Month: May 2020

Posted on 07/05/2020

Dubai contractor Al Shafar buys 15% stake in UK’s Costain

UAE-based Al Shafar General Contracting Company (ASGC … “This will help us to take advantage of business growth opportunities through the investment required in bid costs and innovation and …
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Posted on 07/05/2020

Khalifa University professor develops ‘artificial soil’ for agriculture in UAE

Khalifa University of Science and Technology has announced promising results and findings on its research to develop ‘artificial soil’ with the necessary ingredients and properties required for the …
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Posted on 07/05/2020

Massive India Repatriation Set To Begin With Flights From UAE

The first wave of a massive exercise to bring home hundreds of thousands of Indians stuck abroad was due to begin Thursday with two flights from the United Arab Emirates. India banned all incoming …
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Posted on 07/05/2020

UAE launches ‘Ask an Expert’ scheme on LinkedIn

A major UAE university has launched an “Ask an Expert” scheme on LinkedIn which allows people to speak to a team of more than 70 experts from a variety of fields, reported the UAE’s official Emirates …
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Posted on 07/05/2020

UAE launches initiative for Islamic finance

UAE launched a new initiative to create a unified global legal and legislative framework for the Islamic finance sector. This was announced by Sheikh Hamdan bin Rashid Al Maktoum, Minister of Finance …
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Posted on 07/05/2020

UAE-based Growmore Group Acquires Medicinos Bankas, Lithuania’s Leading Retail Bank With Assets of US$395 Million

Backed by diversified revenue streams, a resilient net interest margin and sustained profitability, Medicinos Bankas has healthy fundamentals with deposit portfolio at US$334 million. Nitin Shelke, …
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Posted on 07/05/2020

UAE-based Growmore Group acquires Medicinos Bankas

UAE-based Growmore Group has bought Medicinos Bankas, Lithuania’s leading retail bank with assets of $395 million. The acquisitions marks the expansion of the global investment and financial services …
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Posted on 07/05/2020

Coronavirus: UAE health providers form ‘Alliance to fight COVID-19’ startup scheme

Major UAE healthcare providers have joined forces to form the “Alliance to fight COVID-19” scheme aimed at identifying and attracting the best startup and tech companies to the UAE to work to combat …
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Posted on 07/05/2020

UAE’s Indian Expats Frustrated Over Govt Repatriation Plans

“It is just propaganda,” said Ishan, an Indian expatriate in Dubai, one of seven emirates in the UAE and long a magnet for foreign workers. He was reacting to his government’s announcement this week …
( read original story …)


Posted on 07/05/2020

Life Of Luxury: Dubai’s Huge Service Sector Faces Unsure Future

In Dubai’s ritzy Marina district, white yachts are tethered to docks, standing idle — like many companies behind a luxury lifestyle industry battered by the coronavirus crisis. The boardwalks that …
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Posted on 07/05/2020

An end to their 50-day ordeal at last

Putting an end to their 50-day ordeal, three Keralites stranded at the Dubai International Airport will fly down in the maiden evacuation flight to the Calicut International Airport on Thursday.
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Posted on 07/05/2020

18 UAE 5-star hotel staycation deals to take advantage of right now

This hotel has been offering pretty great deals over the last two months. You can book a superior room with a balcony for literally Dh179.10 a night. This won’t include any extr …
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Posted on 07/05/2020

Woman in Dubai receives giant fake Apple AirPods from Amazon

The lady spent nearly $62 (Dh227.73) for the fake AirPods, which normally retail for more than three times the price.
( read original story …)


Posted on 07/05/2020

UAE food supply chain will never be impacted, says Sheikh Mohammed Bin Zayed

Food security is the UAE’s top priority and despite challenges its food supply chain will never be impacted, His Highness Sheikh Moham Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander …
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Posted on 07/05/2020

UAE Calls for De-Escalation in Region to Focus on Coronavirus Recovery

A senior United Arab Emirates official on Wednesday stressed the need for de-escalation in the region to allow countries to focus on “the hurricane” caused by the coronavirus pandemic and review …
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Posted on 06/05/2020

UAE launches initiative to build unified global legislative framework for Islamic finance

Sheikh Hamdan bin Rashid Al Maktoum, Minister of Finance and Governor of the Islamic Development Bank for the United Arab Emirates, on May 6, announced the launch of a new initiative to create a …
( read original story …)


Posted on 06/05/2020

UAE takes lead to set up unified legislative framework in Islamic finance

The UAE has launched an initiative to create a unified global legal and legislative framework for the Islamic finance sector that will enable the Islamic economy to expand its reach and implement …
( read original story …)


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