The board of directors of ADNOC Distribution will appoint Mohamed al-Hashimi as chief financial officer, effective Sept. 30, the company said in a statement on Monday. Adds detail CAIRO, Sept 1 …
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Israel and UAE Focus First on Banking, Finance at Peace Talks
Israel and the United Arab Emirates agreed to advance cooperation in banking and finance in the first protocol of understanding signed since the two countries began peace moves.
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Sharjah and Delhi explore collaboration in key sectors of healthcare, food security and IT
A delegation of public officials in Sharjah led by the Department of Government Relations discusses possible tie-ups with Indian Consul Gen in Dubai …
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Israel, UAE will cooperate on financial services: Israeli statement
Israel and the United Arab Emirates agreed on Tuesday to set up a joint committee to cooperate on financial services, aiming to promote investment between the two countries, an Israeli statement said.
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Power demand pushes UAE August oil output above OPEC+ quota: sources
The United Arab Emirates pumped 2.693 million barrels per day in August, in breach of its OPEC+ quota, after hot weather and people holidaying at home drove associated gas demand for power generation, …
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Dubai Lifts Veil on Debt, Showing It Owes Less Than Thought
Dubai made a rare foray into public bond markets, revealing along the way that its debt burden is now a lot smaller than estimated by analysts only months ago.
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Daughter says ‘Hotel Rwanda’ hero was ‘kidnapped’ in Dubai
The man portrayed in the film “Hotel Rwanda” as saving the lives of more than 1,200 people from genocide was “kidnapped” while in Dubai, his daughter asserts …
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Dubai, hit hard by virus, returns to global financial market
Dubai is tapping the global financial market to potentially raise billions of dollars for the first time in years …
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Expat tries to rape flatmate in Dubai
A Dubai expat is standing trial at the Court of First Instance for allegedly trying to rape his flatmate.The 23-year-old Asian, who worked as a salesman, reportedly sneaked into the woman’s room while …
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Gulf issuers storm bond markets as Dubai mandates
Following a trailblazing issuance from Abu Dhabi last week, the Emirate of Dubai has mandated banks to arrange a dual tranche offering, including a sukuk — its first international DCM outing since …
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What innovative technologies are behind UAE’s food and water security plans
How is the UAE planning to be the world’s best in the Global Food Security Index by 2051 and among the top 10 countries by 2021? UAE’s Badia Farms built a large-scale high-tec …
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AHIC 2020: More details revealed as show returns to Dubai
The Arabian Hotel Investment Conference will take place in a brand-new format over three days with an exciting programme filled with critical insights from industry leaders.
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Morning traffic clogs Sharjah, Dubai roads on Tuesday
Back to school morning rush hour slowed down traffic movement and caused tailbacks on key Dubai-Sharjah roads on Tuesday. According to Google Maps, huge tailbacks were reported on Sheikh Mohammed bin …
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Iran’s Khamenei Says Israel Deal ‘Betrayal’ of Islamic World by UAE
Iran’s Supreme Leader Ayatollah Ali Khamenei delivers a televised speech on the occasion of the Iranian New Year Nowruz, in Tehran, Iran March 20, 2020. Official Khamenei website/Handout via …
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UAE’s ADNOC Distribution board of directors approves al-Hashimi as CFO – statement
The board of directors of ADNOC Distribution approved the appointment of Mohamed al-Hashimi as Chief Financial Officer, effective Sept. 30, the company said in a statement on Monday. Al-Hashimi is …
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UAE central bank boosts liquidity with $4.3bn cash injection
Certificates of deposit dropped to $53bn by the end of May, from $54bn in April The Central Bank of the United Arab Emirates injected around AED15.86 billion ($4.3bn) in cash to the financial system …
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Dubai FDI signs deal with Guidepoint to guide foreign investors
Dubai attracted foreign investment in strategic sectors such as technology, e-commerce, and pharmaceutical industries. “We are thrilled to contribute to Dubai FDI’s mandate and help accelerate their …
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