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Month: July 2022

Posted on 28/07/2022

Floods in UAE: Non-stop rainfall breaks 27-year record

This is the highest amount of rainfall in 27 years.” Earlier, waterfalls gushed down mountain slopes and vehicles waded through water-clogged streets. Lightning flashed through dark clouds as heavy …

Posted on 28/07/2022

UAE weather: why is it raining so much and is this normal?

The UAE ’s east coast has been hammered by torrential rain and strong winds over the past few days. Flash flooding occurred in parts of Sharjah’s Khor Fakkan on Wednesday with some families having to …

Posted on 28/07/2022

UAE: New app to let residents drive a new car every year

Subscription will include insurance, service, replacement vehicle, roadside assistance at zero additional cost …

Posted on 28/07/2022

Heavy rains in UAE: These roads in Sharjah, Fujairah are closed due to unstable weather

Fujairah police announced on Thursday the closure, until further notice, of Fujairah Road toward Khor Fakkan due to the flooded valley and water accumulation. Police sent an SMS to all residents as …

Posted on 28/07/2022

UAE weather update: These roads in Sharjah, Fujairah are closed

Fujairah police announced on Thursday the closure, until further notice, of Fujairah Road toward Khor Fakkan due to the flooded valley and water accumulation. Police sent an SMS to all residents as …

Posted on 28/07/2022

UAE: Gold Prices Jump After Interest Rate Hikes By Central Banks

Spot gold was up 0.2 per cent at $1,736.89 per ounce in early trade by A Staff Reporter Published: Thu 28 Jul 2022, 9:45 AM Gold prices e …

Posted on 28/07/2022

Flash Floods in The UAE Turn Fujairah Into a Water Pool

Flush floods and heavy rains have swept the eastern part of the UAE, causing much damage to homes and cars going under with the area most aff …

Posted on 28/07/2022

Russians are fourth-largest homebuyers in Dubai this year

Russian nationals, which did not make it to the top 10 last year, represented the fourth-largest group by nationality, with Indians remaining the largest, followed by UK nationals and Italians. French …

Posted on 28/07/2022

Dubai developer Deyaar’s H1 2022 net profit up 196% to $18.2mln

Dubai-listed developer Deyaar reported a 196% increase in net profit for the first half of 2022, supported by improved performance in real estate and hospitality portfolios. Net profit stood at AED66.

Posted on 28/07/2022

Egyptian and Jordanian expats win Dh77,777 each from Emirates Draw in Dubai

With their purchase, participants are entered into two separate draws: The first is a raffle draw, where every week, seven lucky participants are guaranteed to win Dh77,777 each. In addition, all …

Posted on 28/07/2022

Time to remit? Pakistani rupee at an all-time low against US dollar, UAE dirham – but not for long

Pakistan currency hovers at 236 against the US dollar, at 64.3 against the UAE dirham Dubai: If UAE expats were looking to remit more Pakistani rupees back home, the time is ideal as the current …
( read original story …)


Posted on 28/07/2022

UAE Central Bank imposes financial sanctions on 6 banks

The Central Bank of the UAE (CBUAE) on Thursday said it imposed financial sanctions on six banks operating in the UAE for failures to achieve appropriate levels of compliance regarding required due …
( read original story …)


Posted on 28/07/2022

UAE central bank sanctions six banks for non-compliance on tax evasion-related requirement

The provision refers to banks implementing the Common Reporting Standard (CRS), which is a reporting requirement to help fight against tax evasion. UAE central bank sanctions six banks for …
( read original story …)


Posted on 28/07/2022

Central Bank of UAE imposes sanctions on six banks for compliance failure

Sammy Dallal The Central Bank of the UAE rolled out a number of initiatives to regulate the country’s financial sector in recent months. Sammy Dallal / The National . The Cen …
( read original story …)


Posted on 28/07/2022

Vikrant Rona’s Dubai premiere called off due to Kichcha Sudeepa’s recurring health issues

Kannada actor Kichcha Sudeepa couldn’t make it to Dubai on Thursday for the special NFT premiere of his film ‘Vikrant Rona’ due to acute back pain.

Posted on 28/07/2022

Crypto and blockchain start-up funding slows to $6.5bn in Q2

Although funding declined for the first time in two years, the quarter’s total deal value was the fourth-largest for blockchain and cryptocurrency start-ups, CB Insights said on Thursday. In …

Posted on 28/07/2022

Medcare Hospital Sharjah takes a holistic approach to pregnancy care

Medcare Hospital Sharjah is already known for its holistic approach, treating the entire person rather than just one symptom or issue. Now this pioneering new programme will take …

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