UAE expat remittances hit $33bn in nine months

Expats remittances from the UAE amounted to $33 billion (AED121.1bn) during the first nine months of the year, according to a report by the UAE Central Bank. The figure represented a 2 percent growth on the corresponding period in 2016, up AED118.6 billion ... ( read original story ...)

UAE, Saudi, Bahrain raise interest rates by 0.25%

The UAE Central Bank announced that effective from today (Dec 14), it will raise interest rates applied to the issuance of its Certificates of Deposits in line with the increase in interest rates on US Dollar, following the Federal Reserve Board’s ... ( read original story ...)

T10 Cricket League to be started in Sharjah today

The matches will be played by white ball instead of pink. SHARJAH (Dunya News) – After the great success of Twenty20 format, now T10 Cricket League is all set to be started at Sharjah Stadium from today (Thursday). The four-day tournament that will ... ( read original story ...)

That $450-million Da Vinci? You can see it at Louvre Abu Dhabi

The painting depicts “Christ as Savior of the World, facing the viewer, and dressed in flowing robes of lapis and crimson,” the Abu Dhabi Department of Culture and Tourism said in a recent news release. He holds a “crystal orb” in one hand and ... ( read original story ...)

UAE, UK keen to explore Islamic finance synergies

The Dubai International Financial Centre (DIFC) and the Dubai Islamic Economy Development Centre (DIEDC) received a delegation on Wednesday from the United Kingdom, led by Alderman Charles Bowman, the new Lord Mayor of the City of London, as part of a ... ( read original story ...)

Dubai billionaire joins Spielberg in backing VR start-up

Dreamscape Immersive, which is developing virtual-reality arcades for shopping malls, said Wednesday the Series B financing included AMC Entertainment Holdings, Viacom’s Nickelodeon, Dubai billionaire Majid Al Futtaim, VRSense Solutions and Image Nation ... ( read original story ...)