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Month: May 2024

Posted on 14/05/2024

Consumer confidence in UAE banking rose to 90% in 2023: UBF Chairman

Abdulaziz Al Ghurair, Chairman of UAE Banks Federation, (UBF), the sole representative and unified voice of the UAE banks, said that the increase in consumer confidence in the UAE banking sector from …

Posted on 14/05/2024

Crypto Exchange Rain Suffers $14 Million Exploit: ZachXBT Reported

On-chain sleuth ZachXBT reported that Bahrain-based crypto exchange Rain has been the victim of an exploit that saw $14.8 million in crypto stolen from the platform. The stolen crypto was later …

Posted on 14/05/2024

Abu Dhabi owners of Man City and Girona given options to meet UEFA’s Champions League entry rules

The Abu Dhabi investors in Manchester City and Girona have been offered divestment options by UEFA to let both compete in the Champions League next season by complying with integrity rules for teams …

Posted on 14/05/2024

Committed to safeguard global financial system: UAE embassies

The United Arab Emirates officials have said that the country was committed to protect the integrity of global financial system after the bombshell report on various global …

Posted on 14/05/2024

UAE: Friends of Cancer Patients signs MoU with Saqr Hospital

In a concerted effort to bolster the fight against breast cancer, Friends of Cancer Patients (FOCP) has entered into a Memorandum of Understanding (MoU) with Saqr Hospital, an affiliate of Emirates …

Posted on 14/05/2024

UAE’s gold jewellery demand is world’s 5th largest

The UAE remains the world’s fifth-largest in terms of gold jewellery demand despite falling consumption level in the past 12 months as the yellow metal’s rise to all-time highs above $2,400 an ounce …

Posted on 14/05/2024

Alat Free Economic Zone Authority Participates In Exhibition At AIM Congress In UAE

The Alat Free Economic Zone Authority (AFEZ Authority)participated at the exhibition organised in the framework of theAnnual Investment Meeting (AIM Congress) held in Abu Dhabi, UAE, Azernews reports.

Posted on 14/05/2024

UAE telco e& claims record 5G speed of 30.5 Gbps

UAE said it is paving the way for the 6G era by 2030 in line with the country’s recently unveiled 6G Roadmap by telecom regulator TDRA …

Posted on 14/05/2024

Villas vs apartments in Dubai: What’s a better investment?

Simultaneously, Dubai’s urbanisation and population concentration has fuelled the necessity for better lifestyles, which makes both property models feasible. The key factor is to leverage consumer …

Posted on 14/05/2024

e& UAE sets new world record with fastest 5G speed of 30.5Gbps

ABU DHABI, 13th May, 2024 (WAM) — e& UAE today announced registering the world’s fastest recorded speed of 30.5Gbps on its live 5G network, marking a significant milestone in its evolution towards 5G …

Posted on 14/05/2024

5G-Advanced to herald a new era of digital innovation

While 5G laid the groundwork for faster speeds and more reliable connections, 5G-Advanced is set to push these boundaries further, offering significant enhancements in terms of network efficiency, …

Posted on 14/05/2024

Russian Neosun Energy opens a regional office in Dubai to enter MENA market with Solar Solutions

Moscow, Russia-based Neosun Energy, a global developer of solar energy solutions announces the opening of a regional office in Dubai to expand across MENA.

Posted on 14/05/2024

Dubai unlocked: Pakistan’s multi-billion dollar property pie

It was then shared with Norwegian financial outlet E24 and the Organised Crime and Corruption Reporting Project (OCCRP), which coordinated an investigative project with media outlets from around the …

Posted on 14/05/2024

Dubai unlocked: How dirty money finds a home in Dubai real estate

Down the coast at the Grandeur Residences, a building on Dubai’s palm-shaped artificial archipelago, is a unit belonging to Joseph Johannes Leijdekkers, a 32-year-old also known as ‘Chubby Jos’ who is …

Posted on 14/05/2024

Etihad-Cargo Announces Readiness for for UAE -PLACI Regulations

UAE Pre-Loading Advance Cargo Information is an advanced security measure designed to enhance the monitoring and safety of air cargo.

Posted on 14/05/2024

UAE banks record higher profits in Q1 2024 than last year, says Al Ghurair

The UAE’s banks’ profits in the first quarter of 2024 have grown better than last year as well as quarter-on-quarter, a senior official said on Tuesday.“First-quarter banks’ profit after-tax have done …

Posted on 14/05/2024

Consumer confidence in UAE banking rises to 90%, reflecting sector’s commitment to further growth

The performance of UAE banks confirms the strength and resilience of the banking sector, which is achieving solid financial metrics.

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