With the dirham pegged to the dollar, it makes sense that the UAE Central Bank follows the federal policy and remains aligned. What I don’t understand is why every time the rate increases, my bank immediately increases my mortgage rate and instalments ... ( read original story ...)
UAE central bank raises interest rates by 25 basis points
The Central Bank of UAE has announced that effective Thursday, June 14, it will raise interest rates applied to the issuance of its certificates of deposits in line with the increase in interest rates on the US Dollar, following the US Federal Reserve's ... ( read original story ...)
Dubai Islamic launches revamped website
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has launched a new and completely revamped website which offers a vastly enriched and superior experience to its fast growing customer base. The redesigned website will allow users to easily ... ( read original story ...)
TRA issues advisory on WhatsApp hacking in UAE
Dubai: With fraudsters getting more sophisticated, there’s no denying that WhatsApp accounts can get hacked and even users in UAE are not a hundred per cent foolproof. Police and security experts have warned that scammers are still doing the rounds to ... ( read original story ...)
Video: Carrying goods from strangers can get you arrested in UAE
Dubai: When travelling abroad, never accept to carry goods from strangers, no matter how innocent their request may be. A video published on the online news site Abu Dhabi Network warned passengers against accepting goods from strangers, and advised ... ( read original story ...)
Off Abu Dhabi’s coast, an island home to cats seeks aid
The inhabitants of the desolate, man-made island off the coast of Abu Dhabi can't be immediately seen among the breakwater rocks. But as you draw close, their meows give them away. A colony of stray cats has swelled on Lulu Island among its barren sandy ... ( read original story ...)
UAE begins Hodeidah aid distribution
Dr. Al Hassan Ali Taher, Governor of Hodeidah, highlighted in a statement that the UAE’s significant efforts to support Yemen, its people and its legitimate government has not wavered. “The UAE is doing all it can to liberate Yemen from the control of ... ( read original story ...)
Abu Dhabi economy to pick up gradually
Global ratings agency S&P on Sunday affirmed Abu Dhabi's "AA" long-term and expects growth will gradually pick up and that the its fiscal position will remain strong over the next two years. Following 0.5 per cent contraction in real terms in 2017 due to ... ( read original story ...)
Solar power to play major role in new Dubai mega project
Extensive on-site generation of solar power will be a key pillar of Tilal Al Ghaf, says Majid Al Futtaim Spanning three million square metres at the intersection of Hessa Street and Sheikh Zayed Bin Hamdan Al Nahyan Street, near Dubai Sports City, Tilal Al ... ( read original story ...)
Who stands to benefit from the UAE’s visa and investment rules?
"They don't have to worry about a visa every two years." Dr. Aline Abi Khalil, a Lebanese family medicine specialist, who has practiced in Dubai since 2013, greets the news with a sigh of relief. She says it will give her whole family more stability. ( read original story ...)