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Month: October 2020

Posted on 05/10/2020

Israeli VC firm and Dubai merchant family form tech funding alliance

A leading Israeli venture capital firm is teaming up with a major Dubai merchant family to launch a funding platform to facilitate technology investments between the United Arab Emirates and the …
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Posted on 05/10/2020

New resort-style clubhouse to come up in Sharjah lifestyle hub

Sharjah Holding, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management, is set to launch an elegant new clubhouse at its premier lifestyle destination Al Zahia.
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Posted on 05/10/2020

2,992 new paid parking spots in Sharjah become operational

Sharjah Municipality has introduced new paid parking zones in streets of Al Nahda, Muwaileh and Al Tawuain areas to ensure easy availability of parking spaces. The municipality announced that the …
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Posted on 05/10/2020

Sharjah converts 2,992 parking spaces into paid parking spots

These parking spaces were equipped with the necessary parking signs and meters, some of which operate with touch screen.
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Posted on 05/10/2020

Palestinian Business Leader Hopes UAE, Bahrain Will Press Israel to Stop Settlements

A top Palestinian business executive said on Monday that new Gulf Arab ties with Israel, condemned by Palestinian leaders, could also be an opportunity to apply fresh pressure to halt Jewish …
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Posted on 05/10/2020

MIDEAST STOCKS-Saudi outperforms in weak Gulf, while property shares weigh on Dubai

Most major Middle Eastern markets ended lower on Monday with losses in real estate shares weighing on the Dubai index, while the Saudi market bucked the trend to close higher. Oct 5 (Reuters) – Most …
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Posted on 05/10/2020

Abu Dhabi’s ADQ plans to establish, list a digital bank

FAB, which plans to transfer its licence for First Gulf Bank to ADQ, said it intends to own a 10% stake in the digital bank …
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Posted on 05/10/2020

Dubai DoF signs MoU with CBUAE to facilitate payment of fees owed by consumers of Dubai government entities

The MoU was signed by H.E. Abdulhamid M. Saeed Alahmadi, Governor of the Central Bank of the UAE, and H.E. Abdulrahman Saleh Al Saleh, Director General of Dubai Department of Finance.
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Posted on 05/10/2020

Exclusive: UAE applies to join European Bank for Reconstruction and Development

The United Arab Emirates is the latest country to request to join the European Bank for Reconstruction and Development, while the Czech Republic is considering asking the lender to restart operations …
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Posted on 05/10/2020

Majority of UAE bank customers willing to switch banks for better offers

The research showed 87% would be willing to open an account with a digital-only bank Dubai: According to a new research by BCG, the expectations of consumers across the UAE in the banking sector is …
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Posted on 05/10/2020

Sony opens second UAE store at Dubai’s Mall of the Emirates

Tech giant Sony has opened its second flagship storre in Dubai’s Mall of the Emirates, to go along with its existing retail outlet. Sony also has a presence in the Dubai Mall. Formerly branded as the …
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Posted on 05/10/2020

Nakheel Malls set for opening of ‘world’s largest fountain’

Nakheel Malls, a leading developer of retail experiences, said its premier lifestyle and dining destination in Dubai, The Pointe, is gearing up for the launch of the world’s largest fountain, The Palm …
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Posted on 05/10/2020

Dubai to Inaugurate World’s Largest Fountain

Nakheel Malls, a leading developer of retail experiences, said its premier lifestyle and dining destination in Dubai, The Pointe, is gearing up for the …
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Posted on 05/10/2020

Dubai Safari Park re-opens after two-year refurbishment

Dubai’s Safari Park reopened its doors Monday after a two-year expansion, as the emirate seeks to boost its hard-hit tourism sector amid the coronavirus pandemic.
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Posted on 05/10/2020

New details emerge about Dubai’s Museum of the Future

Museum will be home to a research centre with labs and classrooms as well as space for museum-goers to experience new technologies New details emerged about Dubai’s Museum of the Future on Monday as …
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Posted on 05/10/2020

Bright lights of Dubai beckon Israel’s Arabs but pose quandary

For Israel’s Arab citizens, the normalisation deals that Israel struck with the United Arab Emirates and Bahrain will mean newfound freedom to stroll through Dubai’s cavernous malls, take lucrative …
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Posted on 05/10/2020

Majority of UAE customers would readily switch their bank

New research by the Boston Consulting Group (BCG) reveals that 76 per cent of bank customers in the UAE are willing to switch banks. Further, 70 per cent said they are actively searching for new bank …
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