A new facility allowing banks in the UAE to deposit surplus liquidity on an overnight basis is to be launched from July 12. The Central Bank of the UAE (CBUAE) is behind the Overnight Deposit Facility …
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MIDEAST STOCKS-Banks, property shares buoy UAE; Egypt retreats
The blue-chip index .EGX30 in Egypt slipped 0.3%, ending three sessions of gains, hurt by a 3.8% decline in tobacco monopoly Eastern Company EAST.CA. Saudi Arabia’s benchmark index .TASI edged up 0.1% …
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Dubai Summer Surprises 2020:Your ultimate guide
Dubai is welcoming back the return of the annual shopping festival- Dubai Summer Surprises (DSS). This is the 23rd year that this festival has taken place in Dubai. The citywide mega event kicks off …
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12-hour sale: Your ultimate guide to Dubai Summer Surprises 2020
Dubai is finally welcoming the return of the famous annual shopping festival – Dubai Summer Surprises (DSS). This is the 23rd year that this festival has taken place in Dubai. The citywide mega event …
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Binance Expands Fiat Gateway to Support 15 New National Currencies
Binance added support for the new currencies through a partnership with crypto asset and fiat money institutional custodian Etana Custody …
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Sharjah begins crackdown on two-wheeler riders violating rules
Col Muhammad Alay Al Naqbi, director of the traffic and patrols department at the Sharjah Police, said they have begun a crackdown on two-wheelers not adhering to the traffic regulations in the …
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Sharjah’s Invest Bank trims first quarter losses to Dh99.49m
Bank says it does not have an exposure to high-risk sectors impacted by pandemic Dubai: Invest Bank pared its losses for the first three months from a year ago, totaling Dh99.49 million against Dh105.
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Dubai Reopens Doors To Tourists After Long Shutdown
With a “welcome” passport sticker and coronavirus tests on arrival, Dubai reopens its doors to international visitors Tuesday in the hope of reviving its tourism industry after a nearly four-month …
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UAE leads way in mask technology
To address the community spread of Covid-19 across the globe, UAE company ViroMasks has brought together a team of leading experts around the world to research, design and manufacture a higher quality …
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Dubai Tourism: Where are the foreign tourists coming from?
With Dubai all set to welcome foreign tourists from July 7, the city’s local airlines Emirates and flydubai have shared an updated list of destinations in their flight network. Emirates has resumed …
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Adex, Dubai Exports to host Digital International Trade Forum
The announcement of the forum which will be held on July 21, 2020 was made in conjunction with the signing of a new Memorandum of Understanding between Adex, the UAE-wide export f …
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Binance Partners with Etana to Add 15 Fiat On-Ramps
Binance has announced its partnership with Etana Custody, a digital asset custodian platform, thus enabling a new fiat gateway with the deposit capabilities of 15 fiat currencies.
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Abu Dhabi’s TAQA will finance the UAE’s biggest gas power plant with $1.14 bln
Abu Dhabi National Energy Company (TAQA) has agreed financing for the UAE’s largest gas-fired power plant which is expected to cost approximately 4.2 billion dirhams ($1.14 billion), the company …
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The planet’s biggest shopping malls before and during COVID-19
The world’s biggest shopping centres have been hit hard by the coronavirus pandemic, and even now many are opening their doors once more, shopping look drastically different.
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UAE says it will test 2 million people for COVID-19 as cases rise
The United Arab Emirates plans to test two million people, or about 20% of the population, for the novel coronavirus over the next two months after the infection rate climbed again following the …
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UAE national rescue team save 62-year-old missing man
Abu Dhabi: The UAE national search and rescue team saved a 62-year-old man who was left stranded in the middle of the Abu Dhabi desert. On July 6, the National Search and Rescue Centre received a …
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UAE Minister Tweets There is No Room For Corruption After Emirati Arrested For Blackmail
Trio would allegedly threaten unsuspecting victims with travel ban. An employee of the UAE’s Ministry of Interior has been arrested for allegedly blackmailing residents into paying money by …
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