The results of this year, which provide a comprehensive overview of consumer confidence, showed that trust levels remain high, with 68 per cent of respondents stating their trust in the banking sector. In addition, 93 per cent of UAE retail banking …
( read original story …)
UAE regulator orders money exchange houses to raise standards
Money exchange houses in the United Arab Emirates have been ordered by the central bank to raise their standards, after several banks cut ties with them due to concerns about the risk of illicit financial flows. The UAE’s huge expatriate workforce and …
( read original story …)
UAE attracts $10.3 billion FDI in 2017
according to the UAE Central Bank. The forthcoming Annual Investment Meeting will focus on accelerating FDI flows across the world and explore new ways to boost investment and trade,” said Dawood Al Shezawi, the CEO of AIM. A recent report by Bank …
( read original story …)
Dubai’s Damac to hire Barclays, HSBC for possible sukuk – sources
Damac Properties hired banks including Barclays and HSBC Bank for a possible sale of US dollar-denominated Islamic bonds, according to people familiar with the matter. The second-largest listed real estate developer in Dubai is expected to hire more banks …
( read original story …)
Dubai Properties begins handover of Mudon’s Arabella townhouses
Dubai Properties has announced the on-time completion of its Mudon’s Arabella townhouses, located in Dubailand. In a statement, the developer said that it has set up the Handover Gallery to welcome residents and ensure a seamless move-in process.
( read original story …)
Sharjah Islamic Bank hires HSBC, StanChart for benchmark dollar sukuk -sources
DUBAI (Reuters) – Sharjah Islamic Bank SIB.AD has mandated HSBC and Standard Chartered to coordinate the potential sale of dollar-denominated sukuk, sources familiar with the matter said. The Islamic bonds will be of benchmark size, which normally means …
( read original story …)
City Centre Sharjah Transforms With Contemporary Design, More Dining Options and 22 New Stores
Majid Al Futtaim—the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia—unveils today a vibrant and holistic shopping experience at City Centre Sharjah with the opening of its extension, which boasts …
( read original story …)
Kingsgate Hotel Abu Dhabi By Millennium Celebrates 10th Anniversary
Kingsgate Hotel Abu Dhabi, part of Millennium Hotels and Resorts, marked its 10th year in the hospitality industry with a continued commitment to providing comfort, service, and efficiency to corporate and leisure travelers looking for convenient and …
( read original story …)
DCT Abu Dhabi To Organise Seminars On Translation, Reading And Narration
The Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, will be participating in the 34th edition of the Tunis International Book Fair, with a cultural programme packed with activities, events, seminars and interviews with Emirati writers and …
( read original story …)
Abu Dhabi ‘set to become major pharma investment hub’
Abu Dhabi Global Market (ADGM) and the Department of Health (DoH) have entered into an agreement of cooperation and delegation to establish a mutual strategic framework and collaboration between governmental entities. The agreement strives to enhance the …
( read original story …)
Saadiyat Rotana Resort & Villas launches in Abu Dhabi
The Island is also envisaged as a centre for breath-taking cultural and heritage experiences, home to world-class museums including the Louvre Abu Dhabi. “We are very excited to be launching the first phase of Saadiyat Rotana Resort & Villas which is set …
( read original story …)
How taking photos of UAE accidents can get you arrested
He also noted that there are authorities responsible for posting news that are based on facts. Al Nuaimi added that authorities are monitoring social media sites that could harm the general public, while affirming that the Abu Dhabi Police, through its …
( read original story …)
Gold prices rise, 24k priced at Dh160 in Dubai
Meanwhile, 24k gold is priced at Dh160.50 and 22k can be bought at Dh150.75 in Dubai. After falling in the past three … eased 0.2 percent to 89.988. Hedge funds and money managers increased their net long positions in COMEX gold contracts in the …
( read original story …)
Emirates Institute for Banking and Financial Studies joins forces with KPMG
This initiative was formalized and agreed upon by Jamal Al Jassmi, General Manager of EIBFS, and Emilio Pera, Partner – Head of Financial Services, KPMG Lower Gulf Limited, at the EIBFS campus in Dubai. As part of the agreement, EIBFS and KPMG will offer …
( read original story …)
19-year-old Emirati dies in horrific car, truck collision in Sharjah
A young Emirati man has died in a horrific car-truck collision in Sharjah on Saturday. The accident took place in Sharjah’s Dhaid city on Mahafez street, Emarat Al Youm reported. The 19-year-old died on the spot while his friend, who was in the passenger …
( read original story …)
Caution: Winds to whip up dust, sand in UAE
Dubai: A blanket of dust and sand is expected to sweep across the UAE this week, according to national weather forecasters. The National Centre of Meteorology (NCM) said that strong northwesterly winds will blow over the sea and into the country, which …
( read original story …)
Dubai’s Success Accelerates Global Cleantech Adoption
… Agency (Dubai FDI), an agency of the Department of Economic Development (DED), and Dubai Science Park (DSP), the holistic science-focused business community, joined hands to promote current and emerging investment opportunities in Dubai at the GLOBE …
( read original story …)