Abu Dhabi stocks held near record highs on Monday, extending gains for a sixth consecutive session supported by gains in International Holding (IHC), which continued its rally following the listing of …
UPDATE 1-Emirate of Sharjah returns to debt markets with dollar sukuk offering
The Emirate of Sharjah has hired banks to arrange an issuance of 10-year U.S. dollar-denominated sukuk, or Islamic bonds, a document showed on Monday, the latest Gulf sovereign to tap the world debt …
Brit influencer who fled Dubai after prostitution probe ‘vows to clear her name’ as gran says ‘she’s done nothing wrong’
A BRIT influencer caught up in a prostitution probe by police has vowed to fight to clear her name as her gran insists: “She’s done nothing wrong.” Instagram favourite Bayley Jacob, 22, has fled …
Mideast SPAC Trickle May Turn to Flood as Dubai’s Shuaa Capital Plans 3 Launches
Dubai financial services firm Shuaa Capital PSC is considering setting up three blank-check companies of around $200 million each, according to people familiar with the matter, rapidly opening up the …
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Oman state energy firm OQ may sell drilling business, sources say
Oman state energy company OQ is considering selling its drilling unit Abraj Energy Services, sources said, as the Gulf nation seeks to shore up its finances that have been hit by the coronavirus …
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Consumer Banking Marketplace Driven By Artificial Intelligence Launches in UAE
The soon to be launched disruptive marketplace will be an end-to-end solution catering to consumer banking, valuation and insurance needs in one ecosystem. The UAE will soon be home to a new …
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Saudi Arabia Amends Import Rules From Gulf in Challenge to UAE
Saudi Arabia has amended its rules on imports from other Gulf Cooperation Council countries to exclude goods made in free zones or using Israeli input from preferential tariff concessions, in a …
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Sharjah leaps into burgeoning Sukuk market
The Emirate of Sharjah is returning to the international bond market just months after its last visit, but this time marketing a sukuk that will place it among the ranks of major emerging market …
Abu Dhabi real estate firm, owned by ruling family, in dollar sukuk sale
The Private Department of Sheikh Mohamed Bin Khalid Al Nahyan LLC (PD), a relatively small real estate player in Abu Dhabi owned by members of its ruling family, has hired banks for a debut sale of U.
Abu Dhabi cancels $3 bln airport terminal contract, sources say
Abu Dhabi’s state-owned airport operator has cancelled a contract with a consortium which was building a 10.8 billion dirham ($2.94 billion) terminal at the emirate’s main airport, four sources …
New Covid-19 scanners boost footfall at malls in Abu Dhabi
More shoppers are now visiting malls after Abu Dhabi rolled out Covid-19 scanners last week, mall managers told Khaleej Times.The special scanners are helping improve operations and business because …
Abu Dhabi University Launches Series Of Smart Initiatives In Response To The Pandemic
Abu Dhabi University (ADU), the largest private university in the United Arab Emirates, launched a series of smart initiatives in response to the COVID- …
Dubai realty market booms, as rich Indians eye their second homes
Affluent Indians continue to invest in properties in Dubai, despite the Covid-19 pandemic because the emirate tops as a dream destination. Shajai Jacob, the Chief Executive Officer (CEO), Gulf …
UAE’s Hope Mars Mission Snaps the Red Planet’s Discrete Nightside ‘Auroras’
The mission, also called the Emirates Mars Mission (EMM), is the first uncrewed, interplanetary satellite by the UAE.
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Mars has auroras and a UAE spacecraft captured new pictures of them
There is not just the northern lights and southern lights like on Earth, but also the equatorial lights, mid-latitude lights, eastern lights, western lights — all around the planet.
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From the Editors: Sharjah’s smart move to tackle drug menace
The menace of narcotics is a major public health and social issue in the contemporary world. Over the years, countless lives have been lost to this addiction. In this regard, Sharjah Police’s launch …
Saned completes 6,940 fire safety devices installation in Sharjah
The Sharjah Prevention and Safety Authority said along with Saned Facility Management it has completed the installation and registration of more than 6,940 Aman fire safety devices across the emirate …