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Month: August 2021

Posted on 18/08/2021

Covid: Travel demand for Dubai surges, after UAE moves to UK’s amber list

Travel agents have recorded a spike in demand for visitors from the United Kingdom ever since the UAE was moved out of the UK’s red list earlier this month. The revised measures from the Boris Johnson …

Posted on 18/08/2021

Dubai man returns bag full of cash and a cheque worth a total of Dh115,800

Dubai: Dubai Police has honoured a man, identified only as Mohammad Saleh Al Waqdi, at his workplace and among his colleagues for his honesty in handing over a bag full of cash he had found near an …

Posted on 18/08/2021

Abu Dhabi bank finances $33m UK student accommodation deal

Abu Dhabi Islamic Bank (ADIB) has announced it has provided structured financing of AED124 million ($33.7m) through its UK operation supporting Bahrain-based Blacksand with its latest acquisition.
( read original story …)


Posted on 18/08/2021

Dubai real estate: Apartment, villa prices and rents surge as demand recovers

Dubai villa prices surged as much as 27 percent in the second quarter of 2021 as the UAE real estate sector continued its path to recovery. According to property management firm, Asteco’s latest …
( read original story …)


Posted on 18/08/2021

Extra 217 MW of solar due online at vast Dubai solar field this year

Emirati utility DEWA has said it expects a further 517 MW of photovoltaic and CSP generation capacity to come online this year at the Mohammed bin Rashid Al Maktoum solar field, after the first, 300 …
( read original story …)


Posted on 18/08/2021

Worldwide Sukuk Industry to 2026 – Featuring Al Baraka Banking, Dubai Islamic Bank and Kuwait Finance Among Others

Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″ report has been added to ResearchAndMarkets.com’s offering. The global sukuk market exhibited strong growth during 2015 …
( read original story …)


Posted on 18/08/2021

Saudi National Bank’s investment arm and BNY Mellon to bring global securities services in KSA

The partnership will address demand to adopt global practices in asset management, brokerage, and custody functions in Saudi Arabia …
( read original story …)


Posted on 18/08/2021

Dubai’s Network International H1 revenue up a forecast-beating 16.5%

Dubai-based payments processor Network International NETW.L on Wednesday beat expectations with a 16.5% rise in first-half revenue as its merchant solutions business and main markets continued to …
( read original story …)


Posted on 18/08/2021

East Africa Development Bank Sued For Violation Of Contract

A Kenyan national Raphael Tuju has dragged to court the East Africa Development Bank (EADB) seeking KSh3.1 billion damages and violation of a mutual contract. In the case filed at the High Court and …
( read original story …)


Posted on 18/08/2021

Dubai-based Network International swings to $15mln H1 net profit

Dubai-based payments processor Network International has posted a net profit of $15 million for the first half of 2021, compared with a net loss of $936 million for the same period in 2021. It had …
( read original story …)


Posted on 18/08/2021

Abu Dhabi: 170 motorists fined Dh1,000 each for littering

The Abu Dhabi Police have fined 170 motorists for throwing trash on roads and in public spaces during the first half of 2021.According to traffic laws in place in the UAE Capital, the fine for …

Posted on 18/08/2021

Abu Dhabi builds region’s first-ever quantum computer

ABU DHABI – Abu Dhabi’s Technology Innovation Institute (TII) has unboxed the cryostat – the initial frame of its quantum computer that is being assembled in the UAE capital. TII’s Quantum Research …

Posted on 18/08/2021

New packages launched to help doctors apply for Golden Visas in Abu Dhabi

The Abu Dhabi Department of Health (DoH) and the Abu Dhabi Residents Office (ADRO) have launched new packages to support and empower doctors, enabling them to apply for the Golden Visa in Abu Dhabi …

Posted on 18/08/2021

India-Abu Dhabi flights: Passengers with US, UK visas can travel

Indian nationals with a visa or residence permit issued by the US, United Kingdom or an EU Member State can visit Abu Dhabi from Indian cities (ICA) is not required, Etihad Airways said on its website …

Posted on 18/08/2021

UAE authority issues warning over fake link that offers Dh5,500 per month

A website link that promises “emergency” monthly cash from the UAE government is fake, authorities have said. Taking to Twitter on Wednesday, the Telecommunications and Digital Government Regulatory …

Posted on 18/08/2021

UAE: 12 incredible things to do this weekend

Supplied ENJOY WEEKEND BREAKFAST DEAL AT JUST VEGAN JUMEIRAH: Give a healthy, refreshing and vegan kickstart to your weekend with a special breakfast deal at Dubai’s first private dining vegan …

Posted on 18/08/2021

50 years of the UAE: Our Rulers saw potential of sport to boost country’s profile: Colm

The UAE, celebrating it’s 50 years this year, had been pathbreakers in a lot of areas – and it includes leveraging on sport in the region to reach out to the world. As one looks back at the rapid …

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