The successful implementation of the WIFI service further illustrates the elevated level … flights in March to include a twice daily flight between Riyadh and Dubai.
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UAE postpones good conduct requirement for some workers
The UAE’s Ministry of Human Resources and Emiratisation has delayed the implementation of a new good conduct certificate requirement for some workers until June, according to reports. It applies to all foreigners seeking work in the UAE but not those …
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UAE ranks first among nine economic indices of global competitiveness reports
He noted that these results represent a strong reflection of the Ministry’s efforts in cooperating with its partners to develop a national business environment and increase the UAE’s attractiveness across various fields of investment, trade and tourism.
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Dubai wealth fund said to seek $1bn loan
The loan was priced at a spread of 215 basis points over benchmark rates. HSBC Holdings, Citigroup, Standard Chartered, Emirates NBD and Dubai Islamic Bank were among lenders that provided the original loan.
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Emirates NBD Bank : Possible Saudi MSCI inclusion, Aramco IPO to spur Gulf equities
two developments the UAE lender is banking on to drive a turnaround for Gulf equities and result in a huge “wave” of money flowing into capital markets. Gulf equities have been laggards in terms of performance compared to their emerging or developed …
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Nasdaq Dubai launches futures on ADX to attract investors
The index provides a benchmark of the overall performance of the ADX market which is the second largest in the GCC by market capitalisation and includes First Abu Dhabi Bank, Eshraq Properties … latest expansion of Nasdaq Dubai’s futures market …
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Emirates NBD Bank : RTA, Emirates NBD endorse plan for payment of fines and seasonal parking cards in instalments
DUBAI, 19th February, 2018 (WAM) — The Roads and Transport Authority, RTA, in Dubai and the Emirates National Bank of Dubai, Emirates NBD, have agreed on an initiative whereby fines payable by road users to the RTA and fees of seasonal parking cards can …
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Strong growth in core income drives higher quarterly profits at UAE’s largest banks
Moody’s report, which was published today focuses on key takeaways from the Q4 2017 results of the four largest banks in the United Arab Emirates(UAE): First Abu Dhabi Bank PJSC (FAB, Aa3/Aa3 Stable, a3), Emirates NBD PJSC (ENBD, A3/A3 Stable, ba1), Abu …
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Noor Bank Donates Dh1.6 Million to Support Rashid Centre for Disabled in Dubai
Noor Bank, a leading Shari’a compliant bank in the UAE, has made a contribution of AED 1.6 million, accumulated from its ‘late payments fund’ by its banking clients to the Rashid Centre for Disabled in Dubai, UAE. After supervision by its Shari’a …
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Interest growth boosts UAE banks profits: Moody’s
After a 4 per cent decline in Q2 2017, FAB registered the highest increase at 4.5 per cent in Q4, reflecting their solid deposit franchises as the largest bank in the UAE. • Deposit growth at ENBD and DIB was around the 2 per cent average total growth of …
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Top 4 complaints about Dubai Metro
Dubai: The metro system in Dubai has become an integral part in commuters’ lives, with as many as 550,000 passengers opting to use the metro per day. Within the last seven months, the Roads and Transport Authority (RTA) introduced 50 new metro trains …
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Dubai to soon unveil first 3D-printed villa
director-general of the Dubai Municipality, told the Emarat Al Youm daily. The technology would be used to build villas in a government housing programme. 3D printing will reduce construction costs and shorten delivery timeframes. The technology is …
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Sharjah rents fall by as much as 44 per cent
The commute may be a challenge, but the good news is that rents are falling in Sharjah and Ajman. That’s according to the latest report from property forum Dubizzle. The Dubizzle report compared price trends from the fourth quarter of 2016 to the same …
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Sharjah International Airport received 11.36 million passengers, witnessed 77,600 flights in 2017
Sharjah International Airport, SIA, received 11.63 million passengers and 77,600 flights last year. These figures were released during a senior management meeting held last Monday in Al Noor Island in Sharjah. Besides the airport’s achievements in total …
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Dubai Frame closed for ‘private function’
Dubai: Dubai Frame will be closed on Tuesday morning for a private function, it was announced on Monday. “We would like to inform you that the Dubai Frame will be closed on Tuesday 20th for a private function, and will resume welcoming all visitors after …
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Leaders greet Zayed Bin Hamdan upon return to UAE following treatment in Germany
Abu Dhabi: The country’s top leaders congratulated Shaikh Zayed Bin Hamdan Bin Zayed Al Nahyan on Monday on his recovery after undergoing medical treatment following a chopper crash while performing his military duties in Yemen. إن قيمة ما يقدم …
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Swiss-UAE bilateral trade robust, investments in UAE total $20b
… between the UAE and Switzerland are robust and Swiss foreign investment in the UAE amounts to $20 billion (Dh73.46 billion), the European country’s visiting finance minister said in Abu Dhabi. “The UAE is one of the most important economic …
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