UAE real estate stocks’ rise of recent days come … DXBE hasn’t made a single yearly profit since listing. The IPO was valued at Dh5.75 billion, roughly 9 times more than Meraas’s own estimates.
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Haas impressed by Schumacher work ethic in Abu Dhabi F1 practice
Haas boss Gunther Steiner says Mick Schumacher’s work ethic and way he integrated with the team were the most impressive aspects of his first Formula 1 race weekend appearance …
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Afridi, Gayle, Russell and Perera to play in 4th edition of Abu Dhabi T10
Cricket superstars, including the likes of Shahid Afridi, Chris Gayle and Andre Russell, have been confirmed to play in the fourth edition of the Abu Dhabi slated to be played from Jan.28 to Feb.6 …
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UAE’s Udrive raises $1.3m via crowdfunding to boost expansion
a Dubai-based DEWA-certified solar utility company. “Despite the challenges of Covid-19, Eureeca continued to successfully fund companies from the UAE, Malaysia, UK and Holland in the midst of the …
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Israeli firsts in Dubai include diamonds and organic technology
With an estimated 70,000 Israelis now having visited Dubai since the first flights began on November 26, the number of “firsts” for Israelis continues to grow. Israelis attended GITEX, a tech confab …
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UAE corporates, tech startups team up
Corporate members, Emirates Post Group, Sumitomo Corporation and Accenture to collaborate with 7 startups on new pilot projects.
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L&T Finance Holdings dissolves Middle East subsidiary
LTFH had informed about voluntary winding-up of one of its wholly-owned subsidiary incorporated in Dubai to carry on the off-shore wealth management business, subject to applicable laws of United Arab …
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UAE’s Central Bank launches ‘M-Bills’ to replace certificates of deposit
Dubai: The Central Bank of the UAE has launched a new securities issuance programme – Monetary Bills – for licensed financial institutions and eligible investors. These securities will be …
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Sharjah Media City (Shams) Honors the Winner of Sharjah Film Platform’s Industry Hub Pitching Forum Award at Its Headquarters
Sharjah Media City (Shams) held an award ceremony for the Emirati filmmaker and writer, Abdullah Al Kaabi, for his film “Camel Tears”, which won him the Pitching Forum award at the third Sharjah Film …
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Sharjah offers free firewood to citizens
The Sharjah Municipality is offering free firewood to Emiratis, which will help prevent the random cutting of trees. The logs can be used for camping in the desert or Emiratis’ farms. The initiative, …
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Up to 75% off as Sharjah Shopping Promotions begins
Sharjah has launched a shopping festival that offers up to 75 per cent off. The Sharjah Shopping Promotions is on till February 13, 2021, under the slogan ‘Back to shopping’. With this, Sharjah has …
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UAE top diplomat acknowledges visa restrictions on Pakistan
The United Arab Emirates’ top diplomat has publicly acknowledged a so-far unexplained ban on visitors from Pakistan, which travel agents say also …
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UAE Central Bank launches M-bills to manage liquidity in banking sector
The Central Bank of the UAE (CBUAE) will introduce a new securities issuance program to licensed financial institutions and eligible investors, named Monetary Bills (M-bills), effective 11 January …
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PTTEP, partner awarded UAE’s largest offshore exploration block
PTT Exploration and Production (PTTEP) and strategic partner Eni have been awarded the concession for the largest exploration block offered by the United Arab Emirates (UAE).
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Banking, property shares drive UAE markets lower
The benchmark Dubai Financial Market’s General Index dropped four per cent to 2,463.13 during mid-day trading as property and banking shares tumbled. Emaar and Damac shares fell by 4.76 per cent and …
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How the UAE’s new regulations tighten up regime for cryptoassets
The UAE Central Bank’s SVF Regulations released in early November repeals and replaces the 2016 Regulatory Framework for Stored Values and Electronic Payment Systems (SVF Regulations). The new SVF …
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DSF: Rewards app offers prizes worth Dh2 million
Dubai Festival City Mall and Festival Plaza are giving away 23,000 prizes through a series of promotions this DSF. Gearing up for the exciting DSF season, Al-Futtaim Malls is offering its shoppers …
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