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Month: July 2020

Posted on 16/07/2020

Shopping in Dubai: Are sales getting people out of the house?

“Today I chose to come to the mall instead of shop online because I wanted to buy my stuff right away,” NataliaNatelia, a Dubai resident told Gulf News. “I prefer to instantly have my …
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Posted on 16/07/2020

Overseas investor base in Abu Dhabi’s ADX rises by 25% in H1 2020

TAQA is now one of the largest companies on ADX. Property developer Wahat Al Zaweya, Agthia, Abu Dhabi Islamic Bank and Methaq Takaful Insurance raised their limits for foreign investors during H1.
( read original story …)


Posted on 16/07/2020

Dubai holds first ‘real life’ business conference after shutdown

warned an organiser as participants attempted to print their badges, via barcodes sent to their phones, at Dubai’s first “real life” business conference since the coronavirus shutdown hit in March.
( read original story …)


Posted on 16/07/2020

UAE president orders reshuffle of central bank board of directors – state news agency

The United Arab Emirates president ordered the reshuffle of the central bank’s board of directors, state news agency WAM said on Thursday. The reshuffle follows the appointment of Abdulhamid Saeed as …
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Posted on 16/07/2020

Decree to restructure UAE Central Bank board of directors issued

The UAE President His Highness Sheikh Khalifa Bin Zayed Al Nahyan issues a decree on Thursday to restructure the UAE Central Bank board of directors chaired by Sheikh Mansour Bin Zayed.
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Posted on 16/07/2020

UAE president orders reshuffle of central bank board of directors – WAM

DUBAI – The United Arab Emirates president ordered the reshuffle of the central bank’s board of directors, state news agency WAM said on Thursday. The reshuffle follows the appointment of Abdulhamid …
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Posted on 16/07/2020

Decree to restructure Central Bank of UAE

ABU DHABI – President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a Federal Decree restructuring the Board of Directors of the Central Bank of the UAE, CBUAE, under the chairmanship of …
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Posted on 16/07/2020

UAE banking resilient; Covid poses challenges

The UAE banking system entered 2020 from a strong position despite the significant uncertainties from the Covid-19 pandemic.
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Posted on 16/07/2020

Jungle safari set to open in Sharjah in November

A new jungle safari project is set to open in Sharjah’s Al Dhaid area this November, His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, has …
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Posted on 16/07/2020

COVID-19: First ‘charity’ flight carries 124 stranded homeless Pakistanis from Sharjah to Karachi

This was the first chartered flight booked for the poor Pakistanis who were unable to buy tickets and most of them were homeless and job seekers who had come on visit visas,” …
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Posted on 16/07/2020

Dubai holds first ‘real life’ conference after shutdown

Don’t touch the screen!” warned an organiser as participants attempted to print their badges, via barcodes sent to their phones, at Dubai’s first “real life” business conference since the coronavirus …
( read original story …)


Posted on 16/07/2020

Saudi Arabia’s Almana General Hospitals in early talks for IPO-sources

Saudi Arabia’s Almana General Hospitals (AGH) is in early talks with banks about an initial public offering on the kingdom’s Tadawul exchange, two sources with knowledge of the matter told Reuters. By …
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Posted on 16/07/2020

Cryptocurrency Exchange Bitrump Adds 30K Users in Last Month

Cryptocurrency exchange and trading platform Bitrump has added more than 30000 new users from across geographies in the last one month. Although based in UAE, the exchange is operational in several …
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Posted on 16/07/2020

Abu Dhabi’s ADX expects one IPO and listing of an ETF by end of 2020, CEO says

ADX chief executive Khaleefa Al Mansouri said The Abu Dhabi Securities Exchange expects an initial public offering and the listing of an exchange-traded fund in the second half of the year as the …
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Posted on 16/07/2020

Abu Dhabi Bourse Plans First ETF Next Month, Followed by Futures

Abu Dhabi Securities Exchange will list an exchange-traded fund for the first time next month and is planning to introduce derivatives such as futures contracts soon, the bourse’s chief executive …
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Posted on 16/07/2020

Methuen’s Calvin Kattar takes a step closer to a title shot by defeating Dan Ige in Abu Dhabi

Ige moved in and out and side to side quickly, a moving target Kattar had trouble locking in. Kattar landed a combination and took Ige to the canvas, then landed some big blows that took some of the …
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Posted on 16/07/2020

Innovators Welcome: Dubai Startup Hub Invites India’s Startups To Join Its First Dubai Technology Tour

The virtual trade mission, scheduled for the second week of September, will familiarize delegates with Dubai’s economy and business environment, as well as the competitive advantages that the Emirate …
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