Dubai: Long delays and queues greeted motorists in different parts of Dubai during early morning rush hours on Sunday, as vehicular accidents caused some tailbacks on major thoroughfares. Civil works on busy streets have also added to the traffic woes of …
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Technology has blurred lines between workplace and home
Dubai: Although the term ‘Leaveism’ was coined recently … In fact this issue has been around for a long time, said Nseir. “[Technology has] brought changes to the work requirements … even in the day-to-day dynamics in the workplace and to …
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Dubai Police urge Filipinos to report crimes
Dubai: Dubai Police officials on Saturday met with Filipino community leaders to raise awareness on UAE laws — including the new traffic laws — and urged them to help ‘police’ the city by reporting crimes, emergencies, or any violations. The …
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Dubai still in lead, but race for Gulf financial supremacy is hotting up
The Dubai International Financial Center (DIFC) last week gave an update on the impressive plans it has to expand — both physically and commercially — as part of a 10-year plan that aims to triple its size by 2024. On the real estate side of the …
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Dubai’s Noor Bank cuts dozens of jobs
Dubai-based Noor Bank has laid off several dozen employees, banking sources told Reuters on Tuesday, the latest lender to adjust to more subdued growth levels in the local financial services sector. Although the number of jobs cut in the past few weeks was …
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Abu Dhabi Islamic Bank invests heavily in digital services
Details on entering MEED’s new awards programme can be found below As the UAE’s banking industry becomes ever more competitive, Abu Dhabi Islamic Bank (ADIB) says it will continue with its current strategy based on prudence in risk management …
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UAE’s Union National Bank opens Shanghai branch
Union National Bank (UNB), 50 percent owned by the Abu Dhabi government, has begun operations at its branch in Shanghai, becoming the first bank from the UAE to operate a branch in mainland China, the bank said on Tuesday. The Shanghai presence will …
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Deposits in UAE Banks Surge to $120 Billion in H1
according to UAE Central Bank statistics. The term ‘Short Term Deposit’ refers to an amount of money placed in a bank or financial institution for a term no longer than one year. It will usually earn a fixed rate of interest. According to Central Bank data …
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UAE bank profitability slips slightly in second quarter, Alvarez & Marsal survey shows
UAE banks saw profitability decrease in the second quarter because of lower non-interest income but on the bright side net interest margins are increasing, according to the latest UAE Banking Pulse report from Alvarez & Marsal, the global professional …
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Make no mistake: Mobile is the future of banking
Instant. Accessible. Convenient. All words to define what mobile banking means today for customers in the UAE and Middle East, and across the world, and indeed what they now expect from banking services. We’re seeing banks today recoiling from large …
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Dubai’s Noor Bank Downsizes in Huge Restructuring: Sources
Noor Bank has allegedly made dozens of redundancies at its branches this week, with up to 200 redundancies in total planned, according to media reports. Noor Bank has issued a statement saying that these redundancies are part of its restructuring programme …
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UAE banks blank cheque abuse continues to shock the international banking community
Outmoded blank security cheque system wide open to abuse, claim critics UAE banks still demand blank cheques as security for credit. They can quite legally fill out the amount themselves and cash the cheque whenever they see fit, regardless of whether …
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Dubai’s solar city goes live
Dubai’s Sustainable City has kicked off operations of a solar installation that will eventually produce up to 10 MW of power at maximum capacity. Completion of the first phase of the project has seen 24,170 solar panels installed so far. The next phase …
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Traders Hotel, Qaryat Al Beri, Abu Dhabi
Anyone who enjoys spending time by the water will enjoy a stay at Traders Hotel. With the capital’s Maqta Creek on its doorstep, this 301-room property not only has its own private beach, but also offers some of the best night views in the city.
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UAE: Silicon Valley of Middle East
Fawaz H. Zu’bi, founder, chairman and CEO of Silicon Badia, who has been at the forefront of the region’s technology development efforts over the past 15 years, says: “Dubai has certainly caught the attention of regional VCs, and beginning to pop up more …
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UAE, other Arab countries, condemn van terror attacks in Spain
The United Arab Emirates has condemned the van attacks carried out terrorists … In a statement carried out by Bahrain News Agency, BNA, the ministry extended heartfelt condolences to the families of the victims and wished a speedy recovery for the …
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UAE consumers: The unsuspecting victims of counterfeit products
Unfortunately it’s not being ploughed back into print businesses to help them develop new, cutting edge technology. More often that not that money is being funneled into organised crime or additional illegal activities. HP, with UAE law authorities …
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