There’s something different though in the two most recent long-term forecasts, from the Organization of Petroleum Exporting Countries and the International Energy Agency. Those lines, eventually, stop …
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5 reasons why social entrepreneurship is a potential business model in the UAE
While not many people may consider this region to develop successful social enterprises, we will be exploring the five pivotal reasons why UAE can produce a potential business model that revolves …
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Dubai’s Arabtec asks banks for debt standstill for subsidiary, sources say
as the Dubai-listed builder that is facing liquidation seeks to save some of its business. Target specialises in oil and gas projects and marine work with operations in the United Arab Emirates, Qatar …
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JGroup to invest $15m in Dubai-based FoxPush
By leveraging its advanced suite of solutions, FoxPush today can reach 3 out of 5 people living in the Middle East and North Africa region.
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Video: Sheikh Sultan inaugurates new park in Sharjah
A new park in Sharjah has been inaugurated by His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah. In a video posted on Twitter, Sheikh Sultan can …
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Abu Dhabi Funds Invest $2.1 Billion in Adnoc Gas Pipelines
Abu Dhabi government institutional investors are paying $2.1 billion for a stake in a natural gas pipelines unit run by Abu Dhabi National Oil Co.
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Nevada warned by U.S. not to use Chinese virus tests from UAE, documents say
U.S. officials privately warned the state of Nevada not to use Chinese-made coronavirus test kits donated by the United Arab Emirates.
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COVID-19: Six businesses fined and three shops warned in Dubai for not adhering to safety measures
Dubai found compliant with COVID-19 preventive guidelines Dubai: Following intensive field inspections, the Dubai Economy (DED) has fined six commercial establishments and handed down stern warnings …
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Sharjah’s Dana Gas signs $90mln credit facility to pay off its sukuk
Sharjah-based Dana Gas has signed a $90 million credit facility with Mashreq Bank, which it will use to settle its $309 million sukuk (Islamic bond) by its due date. The company informed Abu Dhabi …
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UAE banks should be pushing mortgages to prop up property demand
On the one hand, easier and cheaper access to credit reduces borrower financing constraints and increases the total demand for housing, which in turn leads to higher prices. Conversely, however, …
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Abu Dhabi’s sovereign fund Mubadala takes 3.1% stake in Spain’s Enagas
Abu Dhabi’s sovereign wealth fund Mubadala took a 3.1% stake in the Spain-based gas system operator Enagas ENAG.MC, according to a filing to the Madrid stock market regulator released on Wednesday.
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Watch: Police are now placing stickers on vehicles entering Abu Dhabi
Police have started distributing stickers at all Abu Dhabi checkpoints as part of the authority’s initiative to ensure the safety of road users. The Traffic and Patrols Directorate of Abu Dhabi Police …
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US warned Nevada not to use Chinese COVID tests from UAE
U.S. diplomats and security officials privately warned the state of Nevada not to use Chinese-made coronavirus test kits donated by the United Arab Emirates …
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UAE’s Dana Gas raises loan, avoids another restructuring
United Arab Emirates energy firm Dana Gas has raised a $90 million loan allowing it to redeem $309 million in bonds due at the end of October and avoid a third debt restructuring.
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Dubai Launches New Program to Attract Remote Workers
Dubai has launched a new programme that enables overseas remote-working professionals and their families to live in Dubai while continuing to serve their employers abroad, state news agency WAM said …
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11 OFWs returning to Dubai denied entry due to non-compliance with COVID-19 measures
At least 11 overseas Filipino workers (OFWs) returning to Dubai have been denied entry over failure to secure the required prior approval from appropriate agencies of the UAE government, according to …
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‘CEO of private jet firm’ scams Dubai gift company
Dubai: A gang of three men scammed a Dubai-based gifts company of Dh25,800 worth of gifts after forging documents, an official said on Wednesday. Prosecutor Ahmad Abdullah Al Attar, senior prosecutor …
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