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Month: January 2021

Posted on 07/01/2021

Dubai’s Aramex hires lawyers to defend $40m Morocco lawsuit

Dubai-based logistics major Aramex said on Thursday it has hired lawyers to defend the company against a $40 million lawsuit related to a fire at its warehouse facilities in Morocco last year. In a …
( read original story …)


Posted on 07/01/2021

Abu Dhabi’s $232 Billion Mubadala Wants to Take Crack at Top 10

Abu Dhabi’s Mubadala Investment Co. is overhauling its structure and deploying capital to double in size to nearly half a trillion dollars in the next decade, a plan that will vault it into the top …
( read original story …)


Posted on 07/01/2021

Wizz Air predicts January fall to 25 percent capacity despite Abu Dhabi launch

Wizz Air forecasts flying at 25 percent of its usual worldwide capacity in January despite the launch of Wizz Air Abu Dhabi planned for January 15. For the latest headlines, follow our Google News …
( read original story …)


Posted on 07/01/2021

TOWIE’s Yazmin Oukhellou shares loved-up snap with boyfriend James Lock in Dubai

The TOWIE star, 26, looked happier than ever as she posed for a snap with her beau, 34, as they lapped up the sunshine in Dubai on Thursday.
( read original story …)


Posted on 07/01/2021

First Abu Dhabi Bank sells $500 mln sukuk as Gulf bonds heat up

First Abu Dhabi Bank FAB.AD, the largest lender in the United Arab Emirates, sold sukuk, or Islamic bonds, worth $500 million on Thursday, as Gulf issuers start tapping debt investors in what is …
( read original story …)


Posted on 07/01/2021

Belgian Mertens pulls out of Abu Dhabi with shoulder injury

Belgian Elise Mertens withdrew from the WTA 500 event in Abu Dhabi on Thursday with a right shoulder injury hours before her opening match of the 2021 tennis season, the women’s governing body said.
( read original story …)


Posted on 07/01/2021

UAE starts trials of Russia’s Sputnik V coronavirus vaccine as cases rise

Abu Dhabi has started Phase III clinical trials of Russia’s Sputnik V COVID-19 vaccine amid a surge in infections in the United Arab Emirates, Abu Dhabi’s media office said on Thursday.
( read original story …)


Posted on 07/01/2021

Travel, Trade May Resume Within a Week to Qatar, Says UAE

Arab states boycotting Qatar could resume travel and trade links with Doha within a week under a U.S.-backed deal, but restoring diplomatic ties requires more time as parties work to rebuild trust, a …
( read original story …)


Posted on 07/01/2021

UAE bank NPL means provision cover key; Saudi comes off low base

UAE banks stand out on provisions and capital, with asset quality assimilating an buildup of bad loans that are indirectly related to the pandemic (at least 14% of deferred loans at high risk).
( read original story …)


Posted on 07/01/2021

Transtelecom connects residential complex Abu-Dhabio Residences

Kazakhstan operator Transtelecom has started connecting to its network the residential complex Abu-Dhabi Residences based in the city of Nur-Sultan. Work is carried out under a contract with the …
( read original story …)


Posted on 07/01/2021

Abu Dhabi, Yale University to pioneer breakthroughs in post-quantum cryptography

The partnership between Abu Dhabi TII and Yale University also aims to enable a knowledge-driven ecosystem in the UAE …
( read original story …)


Posted on 07/01/2021

How Sharjah’s Capital University College boomed despite coronavirus challenges

Sharjah-based Capital University College saw enrolments boom as it shifted to purely digital learning in March when the coronavirus pandemic hit the UAE. This increase was led by professionals looking …
( read original story …)


Posted on 07/01/2021

UAE-Qatar ties: Trade, transport could resume within a week, says Gargash

Trade and transport could resume with Qatar within a week after diplomatic relations have been restored, the UAE Minister of State for Foreign Affairs Dr Anwar Gargash said. In a virtual briefing to …
( read original story …)


Posted on 07/01/2021

Abu Dhabi’s Top Bank Follows Dubai Rival to Dollar Bond Market

First Abu Dhabi Bank PJSC followed its Dubai rival to the debt market by starting to market dollar-denominated Islamic bonds on Thursday.
( read original story …)


Posted on 07/01/2021

Russian COVID-19 vaccine trials begin in UAE as cases rise

Abu Dhabi has started Phase III clinical trials of Russia’s experimental COVID-19 vaccine, known as Sputnik V, amid a surge in infections in the United Arab Emirates, Abu Dhabi’s media office said on …
( read original story …)


Posted on 07/01/2021

UAE: Get 35% off traffic fines in early payment initiative

The early payment of traffic fines initiative, under which motorists are offered a 35 per cent discount if they make the fine payment within 60 days of the violation has been extended, Police has …
( read original story …)


Posted on 07/01/2021

Benefit from 25% discount for transport exhibition in Dubai

RTA urges people to register for MENA Transport Congress and Exhibition event before January 15 to avail discount.
( read original story …)


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