Expansion of the United Arab Emirates’ non-oil private sector slowed to a five-month low in August as total employment shrank for the first time on record, a survey of companies showed on Tuesday.
( read original story …)
Dubai’s Fintech Hive accelerator begins second edition
Dubai International Financial Centre (DIFC) and Accenture’s Fintech Hive accelerator programme has begun the 2018 edition of its 12-week programme. A total of 22 finalists were selected from 300 …
( read original story …)
Sharjah port operator Gulftainer invests in new link road
Gulftainer is investing in a new 2km highway to link the Saja’a Industrial Investment Park (SIIP) in Sharjah to the three major seaports in the emirate – Port Khalid, Hamriyah Port and Khorfakkan Port …
( read original story …)
Banks’ merger news boosts UAE equities
The UAE equity markets jumped on Tuesday on the back of huge gains made by Abu Dhabi banks following confirmation of merger talks of three lenders. Abu Dhabi Commercial Bank (ADCB) and Union National …
( read original story …)
ADCB confirms merger talks with UNB, Al Hilal Bank
Dubai: Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) both confirmed on Tuesday that they are in early talks about a potential merger. In separate statements, ADCB and UNB said …
( read original story …)
Louvre Abu Dhabi delays unveiling of Leonardo’s Salvator Mundi
However, documents seen later by Reuters news agency and others indicated that Saudi Prince Badr bin Abdullah bin Farhan, a relative of the crown prince, had made the purchase on behalf of the Abu Dha…
( read original story …)
Omega Dubai Ladies Classic to be held early next year
Dubai: The Omega Dubai Ladies Classic (ODLC … have been deferred until 2019 as part of strategic changes in local golf. The news was broken before an official announcement could be published …
( read original story …)
New photos emerge of Dubai’s runaway Princess Latifa six months after she tried to flee Arab kingdom
New photos have emerged of the runaway daughter of the ruler of Dubai six months after she tried to flee from the country to start a new life. Pictures were released of Princess Latifa – who has not b…
( read original story …)
Enchong Dee in Dubai: What to expect
“I am busy promoting my new travel book,” says Dee in an email interview with Gulf News tabloid!. “I have a surprise for my followers on social media once I arrive in Dubai.” The 29-year …
( read original story …)
Which banks seek to survive the competitive UAE market?
With the UAE’s population of 9 million served by about 50 banks, and amidst a weakened economy, three banks have decided to join forces. As the popular saying goes: if you can’t beat them, join them. …
( read original story …)
Abu Dhabi Municipality Starts Demolition of Cracking Tower at Zahya
The building has been deemed unfit for occupation, falls short of Abu Dhabi building codes and provides no safety for residents. The Municipality notified that owners of properties have to apply for i…
( read original story …)
Dubai’s DMCC opens new office to expand German business ties
Dubai Multi Commodities Centre (DMCC), which was named global free zone of the year last year, has announced the opening of a representative office in Dusseldorf, Germany. Operated by the German Arabi…
( read original story …)
ALN to host 5th Africa Investment Conference in Dubai
Speakers include, Mohamed Rali Badissy, Senior Attorney for Energy and Finance, US Department of Commerce … opportunities on the continent are truly limitless,” he added. The UAE was the second top …
( read original story …)
People-to-people relations precede Costa Rica-UAE ties
She is happily living here with her daughters and will soon have granddaughters, a top Costa Rican diplomat told Gulf News in an interview. Around 121 Cosa Ricans are living in the UAE …
( read original story …)
Abu Dhabi Three-Way Merger Turns Focus on `Last Bank Standing’
“Moreover, the merger news is taking the valuations of Abu Dhabi banks to higher levels, and ADIB is likely to play catch up here.” ADIB advanced 2.5 percent to 4.16 dirhams by the close on Tuesday, a …
( read original story …)
UAE private-sector growth slows in August as employment slumps -PMI
DUBAI, Sept 4 (Reuters) – Expansion of the United Arab Emirates’ non-oil private sector slowed to a five-month low in August as total employment shrank for the first time on record, a survey of compan…
( read original story …)
UAE to allow Israeli athletes to ‘compete equally’ at judo competition
The United Arab Emirates (UAE) has reversed its policy of banning Israeli athletes from competing under the Israeli flag or playing the national anthem. The UAE has reversed its policy of banning Isra…
( read original story …)