RELATED ARTICLES: Cityscape sales account for 60% of Bloom’s annual transactions | Bloom exhibits UAE portfolio at Cityscape Global 2017 | Bloom Properties awards $242m worth of contracts in 2017 The UAE’s real estate market outperformed those of other …
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UAE and Saudi Arabia work on cross-border digital currency plan
On Wednesday, however, Mr Al Mansouri said the central banks wanted to understand blockchain technology better. He said the UAE-Saudi digital currency would be used among banks, not by individual consumers, and would make transactions more efficient.
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For Afridi, returning to Sharjah is like ‘homecoming’
Speaking at length to Gulf News on his batting style and career, Afridi said: “It’s always been great to play cricket in Sharjah. I have been able to play some good knocks here and the people here have always supported me. This time, I am inviting …
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UAE and Saudi talk cryptocurrency banking as Bitcoin eyes $20,000
It is reported that the UAE and Saudi Central Banks are preparing to test a crypto initiative that will create a new digital currency for use in cross-border payments. The Arab Monetary Fund (AMF) and Financial Stability Institute jointly organized on …
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UAE expat remittances hit $33bn in nine months
Expats remittances from the UAE amounted to $33 billion (AED121.1bn) during the first nine months of the year, according to a report by the UAE Central Bank. The figure represented a 2 percent growth on the corresponding period in 2016, up AED118.6 billion …
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WiFi UAE Continues to Extend Complimentary WiFi Service to More People in the UAE
Times Square Center and Dubai Marina Walk in Dubai, Al Hamra Mall in Ras Al Khaimah and Fujairah Hospital. The service offers users two types of Internet connection; WiFi UAE, a free WiFi service, and WiFi UAE Premium, an affordable paid service that …
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UAE, Saudi, Bahrain raise interest rates by 0.25%
The UAE Central Bank announced that effective from today (Dec 14), it will raise interest rates applied to the issuance of its Certificates of Deposits in line with the increase in interest rates on US Dollar, following the Federal Reserve Board’s …
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T10 Cricket League to be started in Sharjah today
The matches will be played by white ball instead of pink. SHARJAH (Dunya News) – After the great success of Twenty20 format, now T10 Cricket League is all set to be started at Sharjah Stadium from today (Thursday). The four-day tournament that will …
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That $450-million Da Vinci? You can see it at Louvre Abu Dhabi
The painting depicts “Christ as Savior of the World, facing the viewer, and dressed in flowing robes of lapis and crimson,” the Abu Dhabi Department of Culture and Tourism said in a recent news release. He holds a “crystal orb” in one hand and …
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UAE, UK keen to explore Islamic finance synergies
The Dubai International Financial Centre (DIFC) and the Dubai Islamic Economy Development Centre (DIEDC) received a delegation on Wednesday from the United Kingdom, led by Alderman Charles Bowman, the new Lord Mayor of the City of London, as part of a …
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Dubai Islamic Bank Wins Four Prestigious Accolades at Islamic Business and Finance Awards 2017
Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, picked up four major awards at the Islamic Business and Finance Awards 2017, a prestigious industry event that endorses and recognizes those institutions and individuals that have championed …
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Dubai billionaire joins Spielberg in backing VR start-up
Dreamscape Immersive, which is developing virtual-reality arcades for shopping malls, said Wednesday the Series B financing included AMC Entertainment Holdings, Viacom’s Nickelodeon, Dubai billionaire Majid Al Futtaim, VRSense Solutions and Image Nation …
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Conference on Sustainable Building Materials to discuss construction using 3D technology
of Dubai Municipality from 13th to 14th December 2017, will discuss sustainable applications and construction using 3D technology. Khaled Sharif Al Awadhi, Assistant Director General for Environment, Health and Safety Control Sector, said that the …
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Call for UAE students to enter the Global Student Entrepreneur Awards
Global Student Entrepreneur Awards (GSEA) is a global competition for students who have started and are operating a business while attending college or university. UAE entrants will compete against their peers from around the world in hopes of qualifying …
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The challenges of finding a local UAE sponsor
When it comes to setting up in the UAE as a foreign businessperson, there are basically two options: you can start a business in a free zone or launch a mainland company. While there are opportunities in both, there is a wealth of lesser-known advantages …
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MIDEAST STOCKS-Corporate news weakens Dubai and Saudi, Qatar jumps after budget
DUBAI, Dec 13 (Reuters) – Corporate news pulled down stock markets in Saudi Arabia and Dubai on Wednesday, while Abu Dhabi was supported by a strong new listing and Qatar surged after the release of the government’s 2018 budget. The Dubai index dropped 1 …
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UAE central bank says non-oil growth to reach 3% this year
he non-oil part of the United Arab Emirates economy is expected to grow 3 per cent this year, accelerating from 2.7 per cent last year, the central bank said. “The recent improvement in oil prices has shed a positive sentiment on the economic activity in …
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