Dubai Court of Cassation rules that banks cannot enforce mortgages on development projects if they fail to deposit financing into project’s escrow account – even if the bank acted in good faith …
His Dubai hotel room cost $3,000 a night… then he discovered the dark side
He visits Dubai’s famous Burj Al Arab to find out what a so-called seven-star hotel experience actually looks like. From a property built on its own island to an extravagant breakfast and a room …
Missing Karnataka man murdered in Sharjah, body found chopped into 9 pieces inside car; his wife, son also untraceable
Victim’s wife, Tina Kunder is originally from Udyavara in Udupi and works as a schoolteacher in Sharjah. The couple has a son who is studying in Class 10. The family has not received clear information …
PhonePe gets UAE central bank’s in-principle approval for payments, wallet licences
PhonePe receives in-principle approval from UAE Central Bank for retail payment and stored value licenses, aiming to support domestic payment rails Aani and Jaywan before launching operations.
Gulf IPO Draught Pushes Baker McKenzie, Akin and Rivals to Diversify Capital Markets Work
Saudi Arabia’s Tadawul has hosted just two main-market listings so far this year, while Dubai and Abu Dhabi have yet to see a single flotation. Kuwait, Bahrain and Oman have managed one apiece.
PhonePe secures UAE central bank approval for two payment licences
New Delhi, Sep 22 (PTI) Fintech major PhonePe on Tuesday announced that it has secured in-principle approval from the Central Bank of the UAE for two key operating licences, marking its first internat …
Galaxy Corporation launches K-pop robot venue in Dubai
This year, we plan to open a permanent K-pop robot performance venue in Dubai, and next year, we will challenge ourselves to enter New York,” said Choi Yong-ho, CEO of Galaxy Corporation. On the 21st …
Dubai Billionaire’s Secret Weapon for Manchester United: A New Old Trafford
Dubai billionaire Hussain Sajwani has been linked to Manchester United as the Glazers weigh a sale, with real estate expertise that could reshape Old Trafford.
Karnataka man murdered in Sharjah in July, body in 9 parts found in a car
The victim, Alwin Prakash Kunder, had been working at the Sharjah airport for the past 14 years …
UAE identifies 828 non-compliant pharmaceutical ads in 6 months amid 2,030 inspections
UAE identifies 828 non-compliant pharmaceutical ads in 6 months amid 2,030 inspections UAE drug regulator identifies 828 non-compliant pharmaceutical advertisements and carries out 2,030 inspections …
UAE offers residents 5.06% government-backed investment from $272 — how to apply
UAE nationals and residents can invest from AED1,000 ($272) in the new five-year Sovereign Retail T-Sukuk offering a 5.06 per cent annual profit rate …
Egypt’s NBE gains preliminary approval to acquire Banque Misr’s UAE operations
DUBAI, Sept 22 (Reuters) – The United Arab Emirates central bank has issued preliminary approval for National Bank of Egypt’s request to acquire Banque Misr’s branches in the Gulf country, the two …
Egypt’s NBE steps in to buy Banque Misr’s UAE operations after sanctions threat
By Federico Maccioni, Vallari Srivastava and Mohamed Ezz DUBAI/CAIRO, Sept 22 (Reuters) – National Bank of Egypt has stepped in to acquire Banque Misr’s branches in the United Arab Emirates, the two …
Atlantis Dubai Marks Two Milestones in the 2026 Michelin Guide Hotel Selection
Atlantis Dubai celebrates two significant achievements in the MICHELIN Guide’s 2026 global hotel selection, with Atlantis The Royal retaining Three MICHELIN Keys for a second consecutive year and …
UAE and Sweden Arrest Alleged Offenders in Crypto Laundering Probe Tied to Contract Hits
Authorities in the United Arab Emirates (UAE) and Sweden have dismantled a cross-border money-laundering network that investigators say moved millions in …
UAE centre of healthcare excellence under President’s leadership: Sheikh Nahyan
Sheikh Nahyan Bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence, affirmed that the United Arab Emirates is moving forward with confidence …
Karnataka man murdered in Sharjah, body in 9 parts found in a car, wife and son missing
The victim, Alwin Prakash Kunder, had been working at the Sharjah airport for the past 14 years …