Qatari banks have around 60 billion riyals ($16 billion) in funding in the form of customer and interbank deposits from other Gulf states, Chiradeep Ghosh, banking analyst at SICO Bahrain, said. But the United Arab Emirates central bank has ordered local …
( read original story …)
UAE central bank bars deals with Qatar-linked people, bodies on terrorism blacklist: state news agency
DUBAI The United Arab Emirates central bank has instructed local banks to stop dealing with 59 individuals and 12 entities with alleged links to Qatar and to freeze all their assets, the state news agency WAM reported on Friday. This came after Saudi …
( read original story …)
UAE to freeze accounts, financial holdings of terrorists, terror organisations
Banks and other financial institutions operating in the UAE have been instructed to search for and freeze any accounts or deposits or investments held by individuals or entities designated as terrorists or terrorist organisations stated on Thursday’s …
( read original story …)
Emaar to list UAE property business
June 9 (IFR) – Emaar Properties plans to offer up to 30% of its United Arab Emirates real estate development business in what would be the first listing on the Dubai exchange since Emaar Malls 2-1/2 years ago. The IPO is the result of an internal review of …
( read original story …)
Dubai Plans Digital Passports Using Blockchain Tech
The Dubai government has partnered with UK startup ObjectTech … According to the startup, the system combines biometric verification and blockchain technology, and will use a “pre-approved and entirely digitized passport” to authorize passengers …
( read original story …)
What a solid property investment in Dubai looks like
I am about to purchase an investment property and would like to hear your opinion before going ahead. The property I am interested in buying is located in the Jumeirah Village Circle area of Dubai. It is a four-year-old, three-bedroom flat spread over …
( read original story …)
Qatar central bank asks for forex data as capital outflows pressure riyal
DUBAI/DOHA Qatar’s central bank has asked commercial banks to provide it with detailed information on foreign exchange trading, banking sources told Reuters on Thursday as Doha’s diplomatic rift with other Gulf states put its currency under pressure.
( read original story …)
Emaar to launch IPO of real estate development business by November: Al Arabiya TV
DUBAI Dubai-based Emaar Properties EMAR.DU plans to launch the initial public offering (IPO) of its real estate development business by November, Emaar’s chairman Mohamed Alabbar told Al Arabiya TV on Thursday. Emaar, whose interests span hotels …
( read original story …)
You can now check in and fly out of Dubai’s airport with just your phone as ID
… replace physical identification documents for United Arab Emirates residents flying out of Dubai and other airports. SEE ALSO: Facial recognition technology is taking over airports: Your face is your new boarding pass With the app, users are able to …
( read original story …)
Hackers broadcast home camera footage on internet, Dubai Police say
DUBAI // Foreign websites streaming CCTV footage from inside people’s homes and offices in Dubai have been shut down, police said. Poor-quality cameras and unqualified installation technicians are to blame for footage being accessible via the internet …
( read original story …)
Trump offers to help resolve Gulf crisis, UAE tightens squeeze on Qatar
UAE-based newspaper Gulf News and pan-Arab channel Al-Arabiya reported the crackdown on expressions of sympathy with Qatar. “Strict and firm action will be taken against anyone who shows sympathy or any form of bias toward Qatar, or against anyone who …
( read original story …)
Qatar keeps gas flowing to UAE despite blockade
Several Arab countries have cut diplomatic ties with Qatar in a dispute over regional security. In addition, the United Arab Emirates and Saudi Arabia have halted all road, air and sea traffic to Qatar, given Qatari citizens 14 days to leave, and banned …
( read original story …)
UAE president offers condolences to Iran after deadly attacks
Iran’s Revolutionary Guards blamed regional Sunni rival Saudi Arabia, a UAE ally. Riyadh denied involvement. The UAE state news agency WAM said President Sheikh Khalifa bin Zayed al-Nahayan had condemned “the horrific crime”. “His Highness Sheikh Khalifa …
( read original story …)
Qatar crisis: UAE threatens sympathisers with prison
Separately, UAE Foreign Minister Anwar Gargash denied that Gulf Arab states were seeking “regime change” and accused Qatar of being “the main champion of extremism and terrorism in the region”. “The government of Qatar is in denial,” he told AFP news agency.
( read original story …)
UAE University students growing organic food for charities
Abu Dhabi: Students at the UAE University (UAEU) have created a 500-square-metre garden on their campus to grow organic food that will be distributed to charity organisations. Organised by the university’s Architectural Engineering Institute, the …
( read original story …)
Charity offers free cleft palate and lip surgeries in UAE
The free surgeries will be designated for children from needy families who cannot afford the procedures, and will be performed in July, Morag Cromey-Hawke, executive director for Operation Smile UAE, told Gulf News. “We will be able to offer about 20 …
( read original story …)
UAE 4-0 Laos: Edgardo Bauza off to winning start as Al Mabkhout scores brace
The new UAE coach enjoyed a fine victory in his first match in charge. New UAE national team coach Edgardo Bauza won his first match in charge as Laos were dispatched 4-0 in an international friendly on Wednesday. Ali Mabkhout scored twice while Ahmed …
( read original story …)