The UAE Central Bank has warned of a possible new cyberattack on banks, financial institutions and money exchange houses. In a circular sent to companies this week, it warned the return of the Greenbug cyber espionage group in the Middle East, advising …
( read original story …)
Emirates a380 business class: review
This is a review of the experience aboard an Emirates A380 business-class flight, travelling from Dubai to London’s Heathrow airport. Pre-departure: Business-class passengers flying from Dubai (and some 70 other cities) can book complimentary pick-up …
( read original story …)
Sharjah strengthens heritage ties with Czech writers
Sharjah: Sharjah Institute for Heritage (SIH) chairman Dr Abdul Aziz Al Musallam and colleagues have been on a visit to the Czech Republic from July 15 at the invitation of the Czech Pen Club which represents Czech Writers Association. The Sharjah group …
( read original story …)
The banking paradox
In this section I look at the UAE banking system and come to some startling conclusions. It seems that banks are grabbing market share in a market with deteriorating margins and increased risks. Last week I took a look at Union National Bank’s Q2 …
( read original story …)
Dubai police to paint huge smiley emojis on station ceilings to promote ‘happy vibes’
If you get arrested in central Dubai this week, a smiling face will be waiting for you at the police station. As in an enormous yellow emoji grinning with delight and wearing a Dubai police hat at a jaunty angle. The huge smiley face has been painted …
( read original story …)
Al Tayer reviews construction work at Phase 3 of MBR Solar Park
Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), conducted a field visit to the Mohammed bin Rashid Al Maktoum Solar Park. The solar park projects and its various phases aim to achieve the targets of the Dubai Clean …
( read original story …)
Dubai Future Accelerators calls on innovators to address key challenges
and explore breakthrough technologies to help cyclists and pedestrians travel in hot and humid climates. Dubai Health Authority seeks to reduce costs and increase the efficiency and potency of diagnosis, disease prevention & patient monitoring by factor of …
( read original story …)
Adnoc hires banks for fuel retailer IPO: sources
ABU DHABI/DUBAI (Reuters) – Abu Dhabi National Oil Company (Adnoc … First Abu Dhabi Bank, HSBC, Bank of America Merrill Lynch and Citigroup have been mandated for the IPO, sources familiar with the matter told Reuters. The sources declined to be named …
( read original story …)
Dubai financial authority fines, bans former Senior Executive Officer
The Dubai Financial Services Authority (DFSA) has fined Andrew Grimes, a former Senior Executive Officer (SEO) of a DFSA Authorised Firm $52,500 (Dh192,675) and imposed a restriction preventing him from performing any function in connection with the …
( read original story …)
Gulf business counts cost of Arab states’ Qatar embargo
For Mohammed Saleh, who runs a business that distributes building materials across the region, the crisis left an important Qatar-bound cargo stranded at Dubai’s Jebel Ali port. He had to take out a loan to pay his supplier, losing £30,000 in the process.
( read original story …)
Booze and bulls***: The dark side of Dubai
A question I asked myself in 2015, as I was making the big move to Dubai. The Dubai I was moving to was the Dubai I had seen in Gigi Hadid’s holiday Instagrams, home to the tallest, the biggest and the brightest. In real life, Dubai is like an unreliable …
( read original story …)
Cheap solar supplying power at night about to become a reality in Dubai
Solar plants that supply electricity at competitive prices after the sun goes down are about to become a reality in the Middle East, according to one of the region’s biggest developers of power plants. ACWA Power International CEO Paddy Padmanathan …
( read original story …)
Leading Dubai banks post strong set of first-half results
Dubai: Leading Dubai banks such as Emirates NBD (ENBD), Emirates Islamic (EI) and Dubai Islamic Bank (DIB) posted their first-half results on Wednesday, reporting strong operating performances supported by declines in costs, lower provisions and improved …
( read original story …)
Good news for Sharjah pedestrians
Sharjah: The much-needed pedestrian bridges are slowly taking shape in several parts of Sharjah. Last year, the Sharjah Roads and Transport Authority announced construction of five pedestrian bridges, including two on Ittihad Road and one each on King …
( read original story …)
Dewa officials visit Mohammad Bin Rashid Solar Park
Dubai: Senior officials of Dubai Electricity and Water Authority (Dewa) conducted a field visit to the Mohammad Bin Rashid Al Maktoum Solar Park on Wednesday to check its progress. Known as the largest single-site solar park in the world, the Mohammad Bin …
( read original story …)
DoubleTree by Hilton Dubai – Business Bay Hotel Opens
Owned by Dubai Properties, DoubleTree by Hilton Dubai – Business Bay is located at Bay Square 5, Business Bay, Dubai, U.A.E, just 12 kilometres from Dubai International Airport. DoubleTree by Hilton, one of Hilton’s (NYSE: HLT) 14 market-leading brands …
( read original story …)
New DoubleTree by Hilton hotel opens in Business Bay
New York-listed Hilton has opened a DoubleTree by Hilton-branded hotel in Dubai’s Business Bay. Th hotel in Bay Square features 238 rooms and suites, all with floor-to-ceiling windows and views of the Burj Khalifa and Downtown Dubai. Owned by Dubai …
( read original story …)