According to Mohammed Khoori, general manager of Golden Sands Hotel Apartments, there has been a “change of mindset” among travellers, especially those who visit the UAE for business reasons. “[Business] travellers have started choosing affordable …
( read original story …)
68th Republic Day: UAE’s participation reflects deep-rooted Emirati-Indian relations, say Gulf media
a prominent UAE-based news website quoted the crown prince as saying that the gulf state’s participation reflected the “deep-rooted Emirati-Indian relations”. “India’s Republic Day is an example of positive values propelling nations into …
( read original story …)
UAE joins India’s day of pride and glory
New Delhi: India’s Republic Day is an example of positive values propelling nations into greatness and the UAE’s participation in it reflects deep-rooted Emirati-Indian relations, His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu …
( read original story …)
UAE, India issue joint statement at the end of Mohammad Bin Zayed's visit to India
In this context, they noted that the MoU for cooperation in programme exchange between Prasar Bharati of India and Emirates News Agency, WAM, of the UAE, would further strengthen collaboration in the field of broadcasting and exchange of programmes …
( read original story …)
India, UAE condemn use of religion to justify state-sponsored terrorism
NEW DELHI: India and UAE would work together to counter radicalisation and misuse of religion by groups and countries for inciting hatred and perpetrating acts of terrorism. A joint statement issued at the end of the visit by the UAE crown prince Sheikh …
( read original story …)
UAE contingent leads R-Day parade
IMAGE: A military contingent of the United Arab Emirates leads the march past at the Rajpath during the 68th Republic Day Parade in New Delhi. Photograph: Kamal Singh/PTI Photo A 149-member marching contingent from the United Arab Emirates, with a band …
( read original story …)
Phab2 Pro gives a unique experience with Tango AR technology
Dubai: Lenovo’s Phab 2 Pro is the world’s first augmented reality (AR) smartphone in collaboration with Google’s Tango technology. All you have to do is look through the device and you will see objects and information overlaid onto the real world in 3D.
( read original story …)
UAE ship finance – a difference of opinions
The great and the good of the UAE shipping industry came together in Abu Dhabi at the fourth UAE Summit of Marine and Maritime Leaders this week with the subject of finance and the availability of funding dominating much of the proceedings. In the opening …
( read original story …)
TRA warns of fake WiFi networks in UAE
Dubai: Smart mobile phone users must be careful while connecting to “free” WiFi network at hotels and malls, as hackers can access the devices by making fake WiFi points, Telecommunications Regularity Authority (TRA) warned on Thursday. An official …
( read original story …)
Saudi Aramco selects U.S. firms to audit its reserves for IPO: sources
DUBAI/KHOBAR, Saudi Arabia/LONDON State oil giant Saudi Aramco [IPO-ARMO.SE] has tasked two U.S. industry leaders in oil reserves auditing to review the content of its deposits as it pushes ahead with a share listing next year, industry sources said on …
( read original story …)
Dubai Islamic Bank Q4 net profit rises 58.4 per cent
Dubai Islamic Bank (DIB), the United Arab Emirates’ largest sharia-compliant lender, posted a 58.4 percent increase in fourth-quarter net profit on Wednesday, beating analysts’ forecasts by a considerable margin. The bank made AED1.37 billion ($373 …
( read original story …)
Mashreq Bank posts $520m profit
Dubai-based Mashreq Bank reported a net profit of Dh1.9 billion ($520 million) for the year ending on December 31, 2016. Witnessing a stable growth, Mashreq’s operating income rose 3.2 per cent year-on-year to Dh6.2 billion driven by strong growth in net …
( read original story …)
Dubai Islamic Bank profit up 6pc to $1.1bn
Dubai Islamic Bank (DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, posted a net profit of Dh4.05 billion ($1.10 billion) for the year ended December 31, 2016, up 6 per cent compared with Dh3.839 billion …
( read original story …)
Higher provisions weigh on Mashreq in fourth quarter
Mr. Al Ghurair, who is also the head of the UAE Banks Federation, said in November that banking sector profits may fall between 10 and 20 per cent in 2016 versus 2015 as a slowing economy takes its toll on loan growth.
( read original story …)
Abu Dhabi to convert unused land into car parks
Finding a parking spot is a common issue that motorists face in Abu Dhabi despite the construction of multi-storey parking facilities in some areas. Gulf News previosuly reported of residents complaining about lack of parking spaces in areas that have …
( read original story …)
CEO of Dubai airport offers to help Trump, U.S. improve hubs
DUBAI, United Arab Emirates — Dubai International Airport would welcome a call from the Trump administration on ways to improve American airports, the CEO of the Mideast hub said on Tuesday as it retained the title of the world’s busiest for international …
( read original story …)
Dubai airport widens gap over London's Heathrow
Dubai is already the world’s busiest international airport and there’s no sign of it relinquishing the title. More than 83.6 million passengers traveled through Dubai International last year — 5.6 million passengers, or 7%, more than in 2015. Its closest …
( read original story …)