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Month: February 2021

Posted on 24/02/2021

UAE-based Shuaa Capital boss ‘bullish’ on post-Brexit Britain

Jassim AlSeddiqi, group CEO of UAE-based Shuaa Capital, has revealed he is “bullish” about the investment opportunities in the United Kingdom and said that its contentious and protracted exit from the …
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Posted on 24/02/2021

UAE Central Banks latest

The total assets of the Central Bank of the UAE grew 6.6 per cent to hit AED470.5 billion ($128 billion) by the end of December, according to the latest official statistics. The significant growth was …
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Posted on 24/02/2021

UAE is best in region for women economic empowerment

The UAE also achieved a full score in five indicators in the latest report: Movement, Workplace, Wages, Entrepreneurship, and Pension.
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Posted on 24/02/2021

UAE Exchange suitor in merger talks with Bahrain-headquartered BFC Group

The consortium behind the acquisition of UAE Exchange is in advanced discussions with BFC Group Holdings over a potential merger that would create a regional financial services powerhouse. Prism Group …
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Posted on 24/02/2021

UAE, China’s central banks join Hong Kong, Thailand’s cryptocurrency project

The participating central banks will evaluate the project’s feasibility for cross-border fund transfers and capital market transactions, among others.
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Posted on 24/02/2021

Kuwaiti banks’ non-performing loans increase to 2% amid COVID-19 crisis – central bank

The non-performing loan ratio has seen only slight increases, and is still at historically low levels,” the central bank cited its governor Mohammad al-Hashel as saying …
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Posted on 24/02/2021

Beijing is exploring digital yuan cross-border payments by joining with Hong Kong, Thailand, UAE and the Bank of International Settlements

The People’s Bank of China is joining the Multiple Central Bank Digital Currency Bridge, a project exploring cross-border payments using distributed ledger technology, the latest step in Beijing’s …
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Posted on 24/02/2021

UAE Covid: Unvaccinated Sharjah workers to take PCR tests every 2 weeks

Establishments must display stickers to show that the workers have taken the Covid vaccine or have a negative PCR test result.
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Posted on 24/02/2021

National Bonds Expands It Reach in Sharjah’s Sahara Centre

As part of its ongoing expansion plans, National Bonds, the leading Sharia-compliant savings and investment company in the UAE, announced the opening of …
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Posted on 24/02/2021

Abu Dhabi Investment Office forms alliance with Israel tech, investment bodies

The Abu Dhabi Investment Office (ADIO) has signed cooperation agreements with two Israeli bodies, Invest in Israel and the Israel Innovation Authority, to speed up private sector collaborations on …
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Posted on 24/02/2021

You can now bring your pet along to this luxury Abu Dhabi hotel

Yas Island now welcomes four-legged guests… If you’ve been looking for a UAE staycation that truly welcomes the whole family, then it’s time you checked into the pet-friendly W Abu Dhabi – Yas Island.
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Posted on 24/02/2021

UAE to Mars in first 50 years; leaders have grander dreams for next 50

Sheikh Mohammed bin Rashid and Sheikh Mohamed bin Zayed made the comments at the end of a two-day ministerial retreat.
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Posted on 24/02/2021

Look: UAE leaders approve projects for next 50 years

The UAE leaders have approved a new edition of the National Agenda to shape the work models and performance of the federal government and ministries. Strategic projects will be launched to boost …
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Posted on 24/02/2021

UAE Jewish community gears up for Purim and 24-hour megillah reading

Purim has poignant relevance for Jews of the Diaspora. At times we hide our identities and at other times we reveal and assert that we are Jewish.” …
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Posted on 24/02/2021

UAE opening field hospitals to boost health sector capacity – report

The United Arab Emirates is opening field hospitals to increase the health sector’s capacity, state news agency WAM reported late on Tuesday.
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Posted on 24/02/2021

Covid: Reach Dubai Metro station 30 mins before departure

The advisory comes in light of precautionary measures being undertaken at the public transport stations to limit the spread of Covid-19.
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Posted on 24/02/2021

Dubai rescues nearly 300 victims of trafficking and abuse

The Dubai Foundation for Women and Children (DFWAC) has recently supported 194 and 104 trafficking and other victims of violence and abuse, respectively. Another 69 potential victims of human …
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