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Month: December 2020

Posted on 10/12/2020

UAE has best credit rating in region: Sheikh Mohammed

President and Prime Minister of the UAE and Ruler of Dubai, welcomed the AA2 rating of the federal government by the international rating agency Moody’s, declaring it as the highest sovereign rating …
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Posted on 10/12/2020

Moody’s assigns top rating to UAE with stable outlook for national economy

Sheikh Hamdan noted that this rating has proved beyond any doubt the solid foundations of the nation’s public finances.
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Posted on 10/12/2020

UAE stocks gain Dh6.5 billion in market value

UAE financial markets on Tuesday posted gains of around Dh6.5 billion in market cap driven by the realty and banking blue chips.

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Posted on 10/12/2020

UAE banking sector outlook stable despite asset quality pressures: Fitch

UAE’s banking sector outlook remains strong with stable outlook supported by the stable outlook on the UAE and Abu Dhabi sovereign ratings, rating agency Fitch said. Among the Fitch rated banks, the …
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Posted on 10/12/2020

London Streetwear Staple Presentedby Launches State Of The Art Space with Level Shoes in The Dubai Mall

London-based sneaker store Presentedby have just announced that they will be expanding with a new store in Dubai.
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Posted on 10/12/2020

Another Trump veto possible as Congress votes on blocking $23B arms sale to UAE

President Donald Trump is nearing one last battle with Congress over his push for massive arms sales to the Middle East — threatening to veto lawmakers’ effort to halt a $23 billion sale to the …
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Posted on 10/12/2020

UAE says Chinese COVID-19 vaccine is 86% effective — but offers few details

The United Arab Emirates says that a Chinese COVID-19 vaccine tested within the UAE is 86% effective, but it released few details.
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Posted on 10/12/2020

China Covid vaccine 86% effective, UAE says

A Chinese coronavirus vaccine is 86% effective, the United Arab Emirates says, after it conducted a phase-three trial involving thousands of people. The vaccine, produced by China National …
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Posted on 10/12/2020

2020 World Tour Championship: Five storylines to watch as Race to Dubai culminates on European Tour

This week’s DP World Tour Championship is the ending to what has been a long and arduous year on the European Tour, and it’s a sneaky intriguing field of players looking to secure what has …
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Posted on 10/12/2020

Dubai ruler DID imprison daughter princess Latifa and must be brought to justice, says UN

THE ruler of Dubai did imprison his princess daughter and must be brought to justice, the UN has said. Sheikh Mohammed bin Rashid Al Maktoum “ordered and orchestrated” the kidnapping …
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Posted on 10/12/2020

Race to Dubai: The race is on

It has come down to the business end of yet another Race to Dubai, the European Tour’s Order of Merit, and the race is on, quite literally. As has been the case on many an occasion, the season-ending …
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Posted on 09/12/2020

Farewells abound at Abu Dhabi season-ender

By Abhishek Takle (Reuters) -Four-times world champion Sebastian Vettel will be saying farewell to Ferrari in Abu Dhabi on Sunday while Mexican Sergio Perez faces an uncertain future despite being …
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Posted on 09/12/2020

Will George Russell race for Mercedes at Abu Dhabi Grand Prix? Why Lewis Hamilton could miss a second F1 race

Toto Wolff admits there are still some ‘question marks’ over whether it will be Lewis Hamilton or George Russell driving for Mercedes this weekend …
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Posted on 09/12/2020

Israeli baker offers ‘Abu Dhabi’ doughnut for Jewish festival

An enterprising Israeli baker is trying to tempt customers with a date-flavoured doughnut from the Jewish state’s new regional partner, the United Arab Emirates. Pastry chef Itzik Kadosh is offering …
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Posted on 09/12/2020

United Arab Emirates says a Chinese coronavirus vaccine appears 86% effective

The UAE, home to Dubai and Abu Dhabi, conducted a trial beginning in September of the vaccine by Chinese state-owned pharmaceutical giant Sinopharm …
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Posted on 09/12/2020

UAE get the top sovereign credit rating in the region

The UAE government received an Aa2 rating in creditworthiness – which is the highest sovereign rating in the region – with a stable outlook for the national economy by the international rating agency, …
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Posted on 09/12/2020

Race to Dubai contender Lee Westwood battling back injury

Lee Westwood can automatically capture the Race to Dubai with a victory this week at the DP World Tour Championship, but he isn’t fully healthy.
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