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Month: April 2021

Posted on 08/04/2021

Emirates NBD to sell controlling interest in Dubai Bank to Abu Dhabi-based Eradah Capital

Emirates NBD is to sell a major stake in Dubai Bank to Abu Dhabi-based private limited company Eradah Capital. A statement to the Dubai Financial Market (DFM) said: “Emirates NBD Bank (PJSC) confirms …
( read original story …)


Posted on 08/04/2021

Shipco, GE celebrate ‘First Fire’ at 1.8GW Sharjah plant

Sharjah Hamriyah Independent Power Company (Shipco) and GE celebrated the ‘first fire’ of a gas turbine at the upcoming 1.8 gigawatts (GW) Hamriyah Independent Power Plant. First fire is a critical …
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Posted on 08/04/2021

Exclusive: Abu Dhabi oil giant ADNOC considers IPO of drilling business – sources

DUBAI (Reuters) – Abu Dhabi National Oil Company (ADNOC) is considering listing its drilling business on the local stock market, according to three sources familiar with the matter. Slideshow ( 2 …
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Posted on 08/04/2021

UAE fake jobs alert: Hackers using LinkedIn to steal data

Professionals in the UAE and worldwide have been advised to be cautious of job offers they receive on LinkedIn because hackers are offering fake jobs on the social media platform to infect them with …
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Posted on 08/04/2021

UAE to leverage biometric face recognition to accelerate government services

As part of its endeavour to launch the first safe digital national ID for citizens and residents, the UAE has announced plans to employ biometric face recognition (Facial ID) to register customers in …
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Posted on 08/04/2021

Most Middle East markets fall; Dubai gains over 1%

(Reuters) – Most Gulf stock markets were down on Thursday, with Saudi Arabia’s benchmark index nearly flat, but Dubai index rose over 1%. Crude prices fell after official data showed a big jump in U.S …
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Posted on 08/04/2021

Dubai Police fulfil boy’s wish of riding in luxury patrol

In a famed luxury police patrol. He was taken on a spin around Dubai after his mother called the police and conveyed her son’s desire to do so. The European child, Ryan Noblet, always wanted to …
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Posted on 08/04/2021

UAE: Surgery goes wrong in Dubai, patient gets Dh10m compensation

A young woman in Dubai, who suffered complications due to serious professional medical error during a surgery, has been awarded Dh10 million in compensation.The civil court in Dubai has ordered the …
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Posted on 08/04/2021

Dubai Culture Is Organising A Virtual Awareness Workshop For Its Employees Titled ‘Yoga And Quality Of Life’

Dubai Culture and Arts Authority (Dubai Culture) organized a virtual awareness workshop for its employees titled ‘Yoga and Quality of Life. In recognition of World Health Day 2021, Dubai Culture and …
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Posted on 08/04/2021

Dubai’s Global Village announces change in timings

Dubai’s Global Village on Thursday announced a change in opening hours for the holy month of Ramadan. The park will be open from 6pm to 2am daily to accommodate Iftar and Suhoor, it said. Global …
( read original story …)


Posted on 08/04/2021

Aldar launches new 480-unit residential project in Abu Dhabi

Leading UAE developer Aldar Properties has announced the launch of Noya Viva, the next phase of its premium Noya development on Yas Island, Abu Dhabi. The community is open for buyers from all …
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Posted on 08/04/2021

Japan, UAE to collaborate on hydrogen technology, supply chain

TOKYO, April 8 (Reuters) – Japan and the United Arab Emirates on Thursday agreed to work together on technology to produce … between the oil-producing UAE and energy-importer Japan, reflects …
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Posted on 08/04/2021

Dubai-based DGrade recycles PET bottles into high-quality sustainable clothing

Here in Dubai, an SME that was started a little over … Choosing to go down the sustainable road, can make good business sense too for companies embarking on this path. Businesses have a vested …
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Posted on 08/04/2021

Hatta Dome Park open for business says Dubai Holding

New park joins Hatta Damani Lodges, Hatta Sedr Trailers and Wadi Hub which first opened in 2018 Dubai Holding’s Hatta Dome Park has opened its doors to visitors. The leisure destination is billed as …
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Posted on 08/04/2021

Covid UAE: Forced annual leaves out, planned holiday breaks in

Most employers in the UAE are allowing employees to plan their annual leave this year, after staff accumulated a huge number of leave days last year amidst Covid-19 travel restrictions, say senior …
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Posted on 08/04/2021

Ramadan in UAE: Dubai’s Global Village announces change in timings

Dubai’s Global Village on Thursday announced a change in opening hours for the holy month of Ramadan. The park will be open from 6pm to 2am daily to accommodate Iftar and Suhoor, it said. Global …
( read original story …)


Posted on 08/04/2021

This UAE Stock Is Up 70% in Three Weeks and Nobody Knows Why

“IHC isn’t any other company,” said Vijay Valecha, chief investment officer at Century Financial, a Dubai-based consultancy. “The shares aren’t for the faint-hearted, as any management …
( read original story …)


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