Nomura Holdings Inc. eliminated about a half dozen investment banking jobs in Dubai, as Japan’s biggest brokerage shrinks its Middle East footprint and moves coverage of the region to staff in other …
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Abu Dhabi launches ‘Silal’ to target local food production and future supply stability
According to Jamal Salem Al Dhaheri, CEO, “Silal will facilitate sustained production, sourcing and distribution of essential foods in Abu Dhabi for the benefit of retailers, fa …
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Dubai Customs recycles some counterfeits and puts them to better use
He said Dubai Customs this year has so far recycled around 148,700 counterfeit pieces for around 46 international brands, with a market value of Dh3.2 million. “We have agreed w …
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UAE ranks first on Arab, regional level in ICT Indicators
According to the report, the UAE ranked first on the Arab and regional level in Information & communication technologies (ICTs) Pillar, ICT Access indicator, and ICT Use Indicator. These indicators …
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Dubai closes, fines tourism businesses over coronavirus violations
Dubai Tourism says it has closed four establishments, suspended the permits of 14 others and issued final warnings to 19 more …
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MIDEAST STOCKS-Banks lift Saudi shares, real estate boosts UAE markets
Most Gulf stock markets rose on Monday, with the Saudi Arabian index boosted by financial shares, while markets in the United Arab Emirates gained on strength in property shares. Sept 14 (Reuters) – …
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Dubai dairy company Unikai to cut down on discounts in profit push
Dubai: The Dubai-based dairy products brand Unikai has drastically cut down on the discounts as one of the first steps in heading back to profitability. The company, whose brand is hugely popular in …
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COVID-19: Man damages Dubai flat used as quarantine facility
A Dubai salesman has been accused of damaging a flat used as home quarantine for COVID-19 patients. The Dubai Court of First Instance heard on Monday that the 31-year-old Pakistani defendant had …
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DXB Entertainment confirms reopening of Motiongate Dubai and Lapita Hotel
Hollywood-inspired theme park Motiongate Dubai, owned by Dubai Parks and Resorts, will reopen later this month. The park’s reopening, on September 23, comes after a six-month closure due to COVID-19 …
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Dubai’s DSOA rolls out smart helmet for security personnel
The new Smart Helmet is designed to conduct a contactless rapid screening of the temperatures of single-persons, or crowds, in real time DUBAI – Dubai Silicon Oasis Authority (DSOA) introduced today …
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Groom arrested in UAE for coronavirus violations at his wedding, posts videos online
A groom was recently arrested in Ras Al Khaimah for hosting a wedding celebration and ignoring all safety measures, police said on Monday. The Asian man has posted videos of his wedding on social …
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Saudi Arabia’s BinDawood Holding sets IPO price range
DUBAI — One of the leading Saudi supermarket retailer BinDawood Holding set price range for its initial public offering (IPO) seeking to raise as much as $585 million (2.19 billion Saudi riyals) in a …
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UPDATE 1-ADNOC completes $1 bln institutional placement for distribution business
State-run Abu Dhabi National Oil Company (ADNOC) said on Monday it had completed a placement to institutional investors of 10% in its subsidiary ADNOC Distribution’s total share capital, or 1.25 …
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New Portugal Passport Collection Centres open in Abu Dhabi and Dubai
Managed and operated by VFS Global, the centres deliver newly issued passports to Portuguese citizens from 16 August 2020 …
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Jacky’s opens new showroom at Deira City Center
The opening of the retail outlet at one of Dubai’s busiest shopping venues … Tolani added that the opening of the Deira City Centre store is part of the company’s plan to grow its retail …
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Abu Dhabi’s Khalifa Port set to open first phase of major expansion plan
First phase will be ready for completion in early 2021 despite the impact of coronavirus, says Abu Dhabi Ports …
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UAE-Israel Treaty Doesn’t Wind Things Up Right Away
The treaty Israel and the United Arab Emirates will sign this week won’t fully normalize ties, but will be the start of a yearlong process that could protect the Gulf nation’s interests as it lobbies …
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