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Month: June 2021

Posted on 30/06/2021

Aircraft leasing firm Dubai Aerospace to buy back $1.25b worth of bonds in August

Dubai: Dubai Aerospace Enterprise (DAE) on Wednesday said it would redeem $1.25 billion worth of bonds in August. The aircraft leasing firm will redeem $800 million of its 4.50% senior Notes due in …

Posted on 30/06/2021

Dubai Mars City to have a space robotics facility

First-of-its-kind project will simulate the environment of Mars from Dubai to support technological development and scientific discoveries …

Posted on 30/06/2021

Dubai Duty Free Irish Open: Straight hitting from Dubai’s Adri Arnaus

Unlike in many previous years, this year’s Dubai Duty Free Irish Open is being played on an inland park land layout rather than a links course. The set-up by the European Tour is very fair as I see it …

Posted on 30/06/2021

Dubai airport to see 450,000 passengers over 2 weeks

Dubai-based international airline Emirates is expecting more than 450,000 passengers to travel from, to and through Terminal 3 at Dubai International Airport over the course of the next two weekends …

Posted on 30/06/2021

IHC unit Alpha Dhabi Holding begins trading on ADX

DUBAI: Alpha Dhabi Holding, an investment company based in Abu Dhabi, has been listed on the UAE capital’s bourse. A subsidiary of the International Holding Company, Alpha Dhabi has a diverse …
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Posted on 30/06/2021

COVID-19 impact: Indian investors pump 6 billion dirhams into Dubai’s real estate market

Tax-friendly laws and availability of immediate residency status through real estate investment starting at Rs 2 crore triggers the trend …
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Posted on 30/06/2021

BRIEF-Amazon Launches First Solar Rooftop In UAE As Part Of Global Commitment To Sustainability

AMAZON LAUNCHES FIRST SOLAR ROOFTOP IN UAE, THE FIRST STEP ON ITS SUSTAINABILITY ROADMAP ACROSS MIDDLE EAST AND NORTH AFRICA (MENA) REGION, AS PART OF ITS GLOBAL COMMITMENT TO SUSTAINABILITY * DXB3 …
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Posted on 30/06/2021

Expo 2020 Dubai: Only onsite hotel at site opens for booking

The only onsite hotel at Expo 2020 Dubai is open for bookings, and a room for a night starts at Dh1,000 plus.With just three months to the world exposition, the Rove Expo 2020 hotel is inviting guests …
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Posted on 30/06/2021

Islamic Finance industry remains resilient amidst pandemic

Islamic finance and wealth management industry faced the dual shocks of adjusting to the pandemic and historically low oil prices in 2020. While the industry slowed down during …
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Posted on 30/06/2021

Five common types of bank fraud in the UAE

Here’s how some of the latest scams have played out in the UAE over recent months and how to handle them. In all cases, if you’ve shared any confidential financial information, immediately report your …
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Posted on 30/06/2021

UAE’s real estate, precious metals and stones business to face stringent anti-money laundering scrutiny

Dubai: Banks and licensed financial institutions (LFIs) providing financial services to real estate, precious metals and stones businesses are required to specifically assess money laundering and …
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Posted on 30/06/2021

Sharjah Museums Authority exhibition explores the role of water in Islamic heritage and art

Organised in collaboration with the Italian Fondazione Torino Musei, it features 120 artifacts that are being exhibited for the first time outside Italy, related to water and people’s daily lives in …

Posted on 30/06/2021

T20 World Cup moved away from India to UAE and Oman due to Covid

The second wave of the virus in India has forced the ICC to take action but the BCCI will still host the tournament …

Posted on 30/06/2021

UAE traffic alert: Motorists told to take alternative routes after accident on Dubai road

Dubai Police have warned motorists to take alternative routes after an accident on Hessa Street going towards Al Khail Road on Wednesday morning. There would be significant traffic delays due to the …

Posted on 30/06/2021

Dubai: Pregnant women now eligible for Pfizer-BioNTech Covid-19 vaccine

All DHA vaccination centres across Dubai have started administering the vaccine to pregnant women who are residents of the emirate.

Posted on 30/06/2021

Dubai gold prices drop: 24K falls to Dh213 per gram

Spot gold eased 0.94 per cent to $1,761.57 per ounce at 9.15am UAE time. In the UAE, gold prices fell two dirhams per gram on Wednesday morning as compared to Tuesday morning rates. The Dubai Gold and …

Posted on 30/06/2021

Shura Group: Why do global entrepreneurs look for avenues in the UAE?

Here are the top reasons why several business giants are looking for new avenues in the UAE: The recent implementation of amendments made to the Commercial Companies Law, eliminating the need to …
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