The Dubai Criminal Court has sentenced a 43-year-old Asian to three months in jail, and fined him Dh113,000 for stealing cash from a mall store in Dubai. The incident dates back to November 2021 when …
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Sharjah Islamic Bank wins the Dubai Service Excellence Program award
Sharjah Islamic Bank (SIB) picked up the award for Best Service Performance Brand in the service sector, at the twenty-eighth session of the Dubai Servi …
Abu Dhabi’s ADX to create blue-chip index of 15 most liquid stocks – FADX 15
FADX 15 goes live Mar. 30 and part of ADX move to draw in more international investors Dubai: Fifteen of the largest and most liquid of stocks on Abu Dhabi’s ADX will have an index all to themselves …
U.S.’ Blinken to meet UAE leader in Morocco to shore up ties
U.S. Secretary of State Antony Blinken will meet the de facto ruler of the United Arab Emirates in Morocco on Tuesday in a bid to ease disagreements over oil, Iran and the Ukraine crisis.
Squeezing any member out of OPEC+ would only stoke oil prices -UAE energy min
United Arab Emirates energy minister Suhail al-Mazrouei said on Tuesday that the only mission of OPEC+ is to stabilise markets and come up with as much supply as possible, and that squeezing any …
Gold in the UAE: With market flux from the Ukraine-Russia conflict stalling, gold prices are seen dropping
Gold prices slipped on Tuesday as the US dollar held firm, but futures are seen plunging Dubai: Gold prices dropped on Tuesday after last persistantly recording weekly losses, with futures – which …
UAE stands by link with Russia
The United Arab Emirates’ energy minister doubled down Monday on an oil alliance with Russia that’s helped buoy crude prices to their highest level in years as Moscow’s war on Ukraine rattles markets …
Crypto.com, Bybit Announce Plans to Set Up Operations in Dubai
Cryptocurrency exchanges Bybit and Crypto.com announced plans to set up operations in Dubai, as the emirate steps up efforts to attract companies in the fast-growing industry.
Dubai’s food safety, security indicators remained highly positive in 2021, Dubai Municipality says
Emirate aims to clinch No 1 spot in Global Food Security Index by 2051 Dubai: Dubai Municipality today said that food safety and security indicators have remained highly positive in 2021, on the back …
UAE is fast-tracking low-carbon economic growth
The UAE is fast-tracking low-carbon economic growth to deliver new jobs, new industries and new revenue streams, according to Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced …
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Abu Dhabi’s Eshraq Investments to Buy Goldilocks in Stock Deal
Eshraq Investments PJSC plans to buy a fund managed by Shuaa Capital in a stock deal, creating an entity with combined assets of $1 billion.
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Abu Dhabi launches school dental health awareness programme
School visits will see delivery of interactive educational workshops for children Abu Dhabi: A series of school visits and interactive workshops in Abu Dhabi will create awareness about the …
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Al Masaood Automobiles Nissan and Abu Dhabi Sports Council ink partnership agreement
Abu Dhabi Sports Council announced the signing of a partnership agreement with Al Masaood Automobiles. The partnership agreement is part of an ambitious plan to support major sporting events and …
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Abu Dhabi to launch the first regulated carbon credit trading exchange and clearing house in the world
ADGM – the first regulator in the world to develop a framework to support carbon as a commodity Corporates can trade and finance carbon credits like conventional financial assets The world’s first …
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Abu Dhabi’s ‘Points for Plastic’ scheme offers free bus rides
Abu Dhabi’s Integrated Transport Centre (ITC) has launched an initiative encouraging passengers to obtain free trips on public buses by gaining points each time they hand in empty plastic bottles. In …
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Dubai fund firm Shuaa Capital sees 2021 net profit drop to Dh24m on higher impairment charges
Impairment charges on legacy investments was primary factor in profit drop Dubai: Shuaa Capital recorded a net profit of Dh24 million in 2021, down 81 per cent from the Dh125 million for 2020. This …
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Dubai posts increase in higher education student enrolment: KHDA
Dubai: International higher education institutions in Dubai reported significant growth in student numbers, according to new data revealed by Dubai’s Knowledge and Human Development Authority (KHDA).
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