SHARJAH: An Indian expat, who had gone missing earlier this week, was found dead in a car in Sharjah, the police said. Dixon, a native of Perumbavoor, had returned to Sharjah on July 30 from Ireland where his family lives. He had been missing since Tuesday …
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UAE- Banks versus e-money issuers: Digitalisation and competition
… Bank (BBVA), Fidor Bank and Imagine Bank (Caixa Bank) are being created with promising expectations. There are also interesting initiatives of multitenant mobile money solutions. Currently in the UAE, the #UAE Banks Federation is developing a …
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Leaving the UAE? Here’s our guide to a smooth departure
If you rent a home in Dubai and you’re leaving, there are a few things to do until you head to the airport for the last time as a resident. First of all, you need to check when the lease on your apartment expires. Here, you have three options.
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Consultant cleared of forging papers, embezzling partner’s Dh18m
Dubai: A business consultant has been cleared of the charges of tricking a businessman, who wanted to start a trading company in Dubai, and embezzling more than Dh18 million from him. The South African businessman on a visit to Dubai, met the 34-year-old …
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Aims to solve the problem of congested houses for bachelors, prevent illegal partitions in villas
Housing units for low income earners and costing as low as Dh700 a month in rent will be introduced in Abu Dhabi, authorities announced on Saturday. The Department of Municipal Affairs and Transport – Abu Dhabi City Municipality (ADM) on Saturday said …
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Dubai fire: Streets reopened around Torch Tower as fire extinguished and no deaths reported
according to Dubai’s Gulf News website. Several residents said the fire broke out just after 1am at the 86-story Torch Tower — a more than 335 metre-tall residential building in Dubai’s popular waterfront Marina district. The same building had also …
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Goldman Sachs buys into Aramco $10 billion loan as it seeks IPO role
DUBAI (Reuters) – Goldman Sachs (GS.N) has bought a slice of Saudi Aramco’s IPO-ARMO.SE $10 billion credit facility as it seeks a role in the historic listing of the oil company, sources familiar with the matter told Reuters.
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UAE Press: Keep oceans clean to avoid trouble
ABU DHABI, 5th August, 2017 (WAM) — Humans bank on oceans for very many things, it is impossible to imagine the world without them. The future of the planet’s oceans is, however, challenged by serious threats such as climate change, pollution and …
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ED raids Gujarat firm that defaulted on UPA-era bank loans, Rajya Sabha election funding in focus
“Sandesara group siphoned off substantial amount of bank money through bogus exports and parked in offshore companies in Nigeria, US and Dubai. This is part of government’s crack down on wilful defaulter,” a source in the ED’s Gujarat unit told HT …
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How Dubai can establish sustainable tourism practices
Keeping this in mind, Dubai is moving to tackle the issue of food waste with the launch of the UAE Food Bank. The initiative, spearheaded by HH Sheikh Mohammed, was announced in January and aims to combat the Dhs3.5bn ($952.8m) worth of food discarded in …
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Adnoc mulls $5bn bank loan for smart growth
The Abu Dhabi National Oil Company (Adnoc) is currently considering a range of financing options, including a$5 billion bank loan, to promote prospects … Such IPOs would support the growth and expansion of the UAE’s private sector and equity capital …
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Director, Structuring
Standard Chartered Bank – Dubai – Enhanced Structuring coverage of West Africa and francophone countries in AME FM Structuring AME provides coverage of full spectrum of derivative products (from vanilla to exotic), through our product specialists located …
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Five Chinese firms to invest $300m in Abu Dhabi’s Kizad
RELATED ARTICLES: Kizad expands to become largest UAE freezone | KIZAD hosts UAE’s first banknote … are involved in sectors ranging from power and metals to natural resources and banking, Abu Dhabi officials said. Mohamed Juma Al Shamisi, chief …
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Dubai Torch Tower blaze puts (re)insurers on watch
(Re)insurers are set to be hit with more claims from skyscraper fires in Dubai after the Torch Tower caught fire yesterday … causing damage to both the property and vehicles in the vicinity. The tower was fully evacuated during the incident and no …
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Dubai excites tourists with new offerings
Al Bandar Rotana and Al Bandar Arjaan by Rotana is another new addition to Dubai. Offering 190 luxurious rooms and suites, this modern and elegantly designed five-star property will provide individual experiences tailored for businesspeople, couples and …
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The Etihad flight targeted by ISIS bomb plot that was foiled at last minute because bag was ‘too heavy’ at Sydney check-in desk
Flight EY 451 has been identified as the target of the jihadist attackers which departed for Abu Dhabi just after 3pm on July 15. The flight targeted by ISIS jihadis has been identified as an Abu Dhabi bound flight out of Sydney (file photo) The Boeing 777 …
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Chinese firms to invest $300 million in Abu Dhabi
ABU DHABI (Reuters) – Five Chinese companies will start operations in Abu Dhabi’s industrial zone with an initial investment of $300 million in a boost for the oil-rich emirate’s economic diversification plans. The companies, from Jiangsu province on China …
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