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Month: May 2022

Posted on 05/05/2022

Report of the independent auditor on the summary financial information to the directors of Al Ittihad Al Watani in respect of its UAE Branches

In our opinion, the accompanying summary financial information derived from the audited financial statements of Al Ittihad Al Watani (General Insurance Company for the Near East S.A.L.) – UAE Branches …

Posted on 05/05/2022

Adrift burger bar teams up with Reef to deliver across UAE

After launching at the height of the global pandemic in Chef Myers’ own neighborhood, Venice Beach, California in 2020, ADRIFT Burger Bar expanded its global footprint in 2021 with the announcement of …

Posted on 05/05/2022

Capital flight: Wealthy Russians flock to Dubai to escape sanctions

Dubai has emerged as a haven for wealthy Russians fleeing the impact of western sanctions over the war in Ukraine. Russian billionaires and entrepreneurs have been arriving in the United Arab Emirates …

Posted on 05/05/2022

How the five phases of the MBR Solar Park are aiding Dubai’s push towards 100 percent clean energy

The clean energy capacity share of the world’s largest single-site solar park is currently around 11.4 percent of Dubai’s energy mix, and is expected to reach around 14 percent by the end of 2022 How …
( read original story …)


Posted on 05/05/2022

What gaps need to be addressed to boost foreign direct investment into Dubai?

Different to investment attraction that thrives in the face of fierce competition, in what is a winner takes all game, investment aftercare nurtures what is based locally and seeks to create …
( read original story …)


Posted on 05/05/2022

Sharjah’s SEWA provides natural gas services to more than 2,900 properties in the first quarter of 2022

Natural gas services have been extended to more than 2,038 residential buildings and villas, in addition to 935 in the commercial sector Sharjah’s SEWA provides natural gas services to more than 2,900 …

Posted on 05/05/2022

Armed Forces Have Always Been One Of Nation’s Cornerstones : Sharjah Ruler

H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has said that on thi …

Posted on 05/05/2022

Final round of Abu Dhabi Grand Slam World Jiu-Jitsu Tour tomorrow

Three-day event to take place at Jiu-Jitsu Arena in Zayed Sports City Abu Dhabi: Some of the world’s most accomplished jiu-jitsu players are set to descend on the UAE capital this week as the final …

Posted on 05/05/2022

Israel’s Memorial Day: Ambassador to UAE in emotional tribute to fallen soldiers

Israel’s ambassador to the UAE, Amir Hayek, was moved to tears as he recited traditional Jewish prayers to mark his country’s Memorial Day for fallen soldiers and victims of terror in Abu Dhabi on …

Posted on 05/05/2022

Armed Forces Unification Day a turning point, key milestone in country’s journey: UAE President

On this historic day, the decision to unify the UAE Armed Forces under one flag and one leadership was issued, embodying the aspirations of our people to have a modern and advanced military force.

Posted on 05/05/2022

UAE Armed Forces’ Contributions To Nation’s Journey Will Endure Over Next 50 Years: Mohammed Bin Rashid

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said the UA …

Posted on 05/05/2022

UAE Central Bank increases interest rate: How will it affect residents?

In line with the US Federal Reserve’s move, the Central Bank of the by 50 basis points to 2.25 per cent effective from Thursday. Twelve major central banks of emerging and developed markets raised …
( read original story …)


Posted on 05/05/2022

Why API technology is key to tackling financial crime in the UAE

While the UAE’s push to tackle financial crime focuses on regulation, it also provides an opportunity for banks to digitalise and improve their offerings such as adopting APIs that support compliance …
( read original story …)


Posted on 05/05/2022

Abu Dhabi’s AD Ports to Develop Multi-purpose Terminals, Cruise Ship Berths Along Egypt’s Coastline

Abu Dhabi’s AD Ports Group and the Red Sea Ports Authority have signed a Term Sheet and a Head of Terms agreement for what they say are major port projects along Egypt’s coastline, including …

Posted on 05/05/2022

Abu Dhabi’s AD Ports signs deals with Red Sea Ports Authority on Egypt project

Abu Dhabi Ports Group and Egypt’s Red Sea Ports Authority have signed a term sheet and a head of terms agreement for the development of major port projects along Egypt’s coast. The first agreement …

Posted on 05/05/2022

Sheikh Mohamed bin Zayed: UAE believes in peace as a way to achieve people’s aspirations for progress and prosperity

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has congratulated the UAE Armed Forces personnel on the 46th UAE Armed …

Posted on 05/05/2022

Wealthy Russians flee to Dubai to avoid sanctions

Property purchases in Dubai by Russians surged by 67% in the first three months of 2022, a report said. The UAE has not put sanctions on Russia or criticised its invasion of Ukraine. It is also …

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