Dubai: Gold prices are up by $20 to $1,740 an ounce levels early Thursday (July 28) after the US Federal Reserve went in for a second 0.75 per cent rate hike. This will push the Dubai Gold Rate closer …
VIDEO: Sharjah Police launch campaign to bolster security
The move comes in the line with continuous efforts by Sharjah Police for the improvement of the quality of life for all segments of society.
Abu Dhabi: Nine New Charter Schools To Create 12,000 Additional Seats For Students
Nine new charter schools will be opened up in Abu Dhabi and will provide 12,000 additional places to students, authorities have announced. The Abu Dhabi Media Office made the announcement on Wednesday …
VIDEO: Sheikh Hamdan orders Dubai Police to support rescue operations in rain-affected areas of UAE
The Abu Dhabi Police called on drivers to adhere to safe driving on internal and external roads during rain and expected weather fluctuations during the coming days.
Dubai records over $490mln in real estate transactions on Wednesday
DUBAI: Dubai real estate market recorded 344 sales transactions worth AED1.09 billion, in addition to 98 mortgage deals of AED405.08 million, and 16 gift deals amounting to AED366.51 million on …
Central Bank of UAE raises interest rate after Fed’s bazooka rate rise
The Fed on Wednesday increased the policy rate by 75 basis points (bps) after a larger-than-expected three-quarters percentage point in June. This is the Fed’s fourth interest rate increase in four …
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Mohammed swears in 4 new Dubai International Financial Centre Courts judges
Speaking on the occasion, Sheikh Mohammed highlighted the importance of constantly enhancing the DIFC’s judicial framework in order to further raise the confidence of the local and global business …
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UAE federal govt employees affected by rain, floods to work remotely
The decision excluded all federal departments concerned with civil defence, police and security entities addressing disasters, crises and emergencies, in addition to those concerned with community …
UAE: Sheikh Mohammed mobilises emergency, rescue teams to support rain affected emirate
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai directed the Ministry of Interior to deploy rescue teams from all nearby emirates to …
Heavy rains in UAE: Remote work announced for non-essential federal employees
Non-essential federal employees working in areas affected by rains and floods in the UAE will be allowed to work remotely on Thursday and Friday, it was announced on Wednesday. The decision comes as …
UAE’s financial wealth set to grow to $1 trillion by 2026 amid rising millionaire count
About 41 per cent of the country’s wealth was derived from ultra-high net worth (HNW) individuals who are worth more than $100 million – this is expected to grow to 43 per cent in 2026. Individuals …
UAE sets up an emergency committee to assess damages caused by rain
The UAE Cabinet on Wednesday issued instructions to set up an emergency committee tasked with assessing damages caused by floods and rains witnessed in various areas in the country. The committee, …
UK High Court wades into Dubai trade finance fraud case
The UK High Court has sided with the Dubai Islamic Bank in the latest episode of a long-running trade finance fraud saga, ruling against a British man who had been seeking an immediate release from …
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Govt to Sell its Stakes in 5 Energy Companies to UAE for $2 Billion
The Federal Cabinet has approved selling its stakes in five energy companies to UAE for $2 billion on a government-to-government (G2G) basis, sources told …
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Komainu Receives Provisional License For Bitcoin, Crypto Services In Dubai
The joint venture by Japan’s largest investment bank Nomura, CoinShares and Ledger will offer institutional services for bitcoin and other digital assets.
Sharjah’s property deals hit Dhs11.2b in H1
The semi-annual report issued by the Sharjah Real Estate Registration Department (SRERD) revealed that the value of real estate trading during the first six months of 2022 amounted to Dhs11.2 billion.
Abu Dhabi Chamber discusses cementing cooperation with Philippine Business Council
A delegation from the Philippine Business Council, headed by Chairman, Prof. Gau Raganit, visited the Abu Dhabi Chamber of Commerce and Industry to cement cooperation between the Chamber and Filipino …