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Month: June 2020

Posted on 14/06/2020

Now, Uber trips in UAE can be cancelled if riders or drivers are not wearing masks

Smart technologies will be used to ensure compliance with Covid-19 precautions in Uber rides. A new object recognition technology, for an instance, will verify if drivers in the UAE are wearing masks …
( read original story …)


Posted on 14/06/2020

20,000 units of blood donated in Dubai since mid-February

On the occasion of World Blood Donor Day, The Dubai Health Authority’s (DHA) Dubai Blood Donation Centre revealed that around 22,000 blood donors from 150 nationalities donated around 20,000 blood …
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Posted on 14/06/2020

Combating coronavirus: Sharjah government employees can take leave with full pay to volunteer in essential sectors

Government employees of Sharjah can now apply for special leave and also receive full pay if they are volunteering to support the essential sectors during crises. The directive was approved by the …
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Posted on 14/06/2020

Amlak International announces intention to list on Saudi stock exchange

The announcement of our intention to list on Tadawul is a historic moment for the company, with the forthcoming IPO a testament to our commitment to future growth. Amlak International plays a leading …
( read original story …)


Posted on 14/06/2020

Dubai Economy, Commercial Bank of Dubai to provide exclusive banking services for DED Trader licence holders

DUBAI – The Business Registration and Licencing (BRL) sector of Dubai Economy and Commercial Bank of Dubai (CBD) have joined hands to provide exclusive banking services for DED Trader licence holders.
( read original story …)


Posted on 14/06/2020

Ministry of Finance launches first phase of Accrual Accounting Programme

The transition to accrual accounting represents a critical step that increases the efficiency of the federal budget and improves public financial management in the country. The fi …
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Posted on 14/06/2020

Pinsent Masons grows its Financial Services offering in Dubai; appointment of Banking & Finance partner

Multinational law firm, Pinsent Masons, has appointed Banking & Finance partner Matthew Escritt to lead the firm’s Banking & Finance practice in the Middle East, based in Dubai. Matthew joins from …
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Posted on 14/06/2020

RAK Properties’ profit jumps three-fold on the back of higher operating income

RAK Properties reported a more than three-fold increase in net profit for the first quarter on the back of higher net operating income and lower finance costs despite a drop in revenue. Net profit for …
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Posted on 14/06/2020

TP-Link appoints Naizak as new distribution partner for SMB solutions in UAE and Oman

In terms of the deal, Naizak Distribution will supply TP-Link MEA FZE entire SMB product range and services across the UAE & Oman …
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Posted on 14/06/2020

Coronavirus: Dubai volunteers and businesses charter repatriation flights to India

Young woman who lost her job and who lived in a stairwell for days is among hundreds to fly home at the weekend …
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Posted on 14/06/2020

Dubai’s Luxhabitat, Gulf Sotheby partnership targets rich property investors

The Dubai-based brokerage arm of the business will be headed by Azar as the chairman and Christ Whitehead as managing partner, overseeing the sales and operations teams. Font will remain the CEO of …
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Posted on 14/06/2020

UAE’s NDT launches disinfection gates to fight Covid

NDT International, a certified and approved disinfection and sterilization services provider in the UAE, has launched disinfection gates to help the country in its ongoing sterilization operations to …
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Posted on 14/06/2020

Amlak International plans Saudi Tadawul listing, IPO

Saudi Arabia’s leading non-bank real estate finance company, Amlak International for Real Estate Finance, is planning to launch an IPO on the Saudi Stock Exchange (Tadawul). Amlak International …
( read original story …)


Posted on 14/06/2020

Pinsent Masons grows its Financial Services offering in Dubai with the appointment of Banking & Finance partner Matthew Escritt

Matthew is a banking and finance specialist, advising on all areas of structured cross border finance, including syndicated lending acquisition, development finance, asset finance, vendor finance, and …
( read original story …)


Posted on 14/06/2020

Dubai Stocks Lead Gulf Losses as Banks Face Pressure: Inside EM

Dubai equities lead Gulf losses as investors remain cautious about the pace of economic recovery, while volatility jumps in global markets.
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Posted on 14/06/2020

Cryptocurrency: How to trade in them and what are the risks?

Being faced with innumerable options of cryptocurrencies to choose from, it’s important to know how to narrow down your choices and trade the currency on the exchange, while also looking at what are …
( read original story …)


Posted on 14/06/2020

KT edit: UAE leads the digital revolution

Tech inclusivity is the aim of futuristic governments like the UAE who are ready for more disruptions that come their way …
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