… soon make public the handover its 40 per cent stakes in Abu Dhabi-listed United Arab Bank (UAB) to Tabarak Investment, also based in the United Arab Emirates (UAE), in a deal anonymous sources say could be on record in the coming months. “The …
( read original story …)
Abu Dhabi restaurant launches ‘pay it forward’ meals
ABU DHABI: The owners of a Pakistani restaurant Jadoon on Electra Street have launched a ‘pay it forward’ scheme to feed the needy. As part of the initiative started two weeks ago, they are encouraging customers to donate money to pay for meals for …
( read original story …)
Dubai Marina gets three more 24/7 supermarkets
DUBAI: Residents on Al Seba Street in Dubai Marina are spoilt for choice when it comes to grocery shopping as three new supermarkets have opened in the area in recent weeks. W Mart Supermarket in Zumurud Tower, Fresh & Care Mini Mart in Jannah Place …
( read original story …)
The French Connection: Alliance Française marks 35 years in Dubai
Dubai: When the famed French band Les P’tites Ouvreuses performs in Dubai next Friday, the ‘guinguette’ atmosphere quartet will mark more than just its revival of ‘Chanson française’ or the French song. Its mix of dance, popular poetry and world …
( read original story …)
UAE makes artificial intelligence leap
And the UAE’s AI landscape is developing at lightning speed. Abu Dhabi government-owned investment company Mubadala and tech giant IBM recently brought in IBM Watson technology to help serve MENA’s clients and build an ecosystem of partners and …
( read original story …)
Dubai and HERE Technologies partner to support self-driving transportation during Expo 2020
UAE: The Roads and Transport Authority (RTA) of Dubai and HERE Technologies have signed a memorandum of understanding on a long-term technology collaboration with the aim of mapping the city with high definition technology for the first time. HD maps are a …
( read original story …)
UAE routes identified for futuristic Hyperloop project, says RTA
The Roads and Transport Authority (RTA) has unveiled the initial design of the Hyperloop project which aims to revolutionise travel by cutting the Dubai to Abu Dhabi journey to just 12 minutes. Hyperloop, which is part of RTA’s initiatives for Dubai …
( read original story …)
Foreign bank ordered to pay €70,000 to local company
Dubai: A foreign bank branch will have to pay €70,000 plus an appropriate amount of compensation to a local company for its malpractice in processing the plaintiff’s letter of credit. The case was recently resolved by the Expertise and Dispute …
( read original story …)
UAE Food Bank to collect displayed items at Gulfood for donation
Dubai: Having channelled over 600 tonnes of food donation last year, the UAE Food Bank is not missing any chance to make sure surplus food at any potential venue reaches the needy. With that aim, the Food Bank will collect the food items that are being …
( read original story …)
Fire safety violators to be named and shamed in Sharjah
Colonel Sami Khamis Al Naqbi, director-general of Sharjah Civil Defence, told Gulf News that the campaign will see inspectors working round the clock in shifts. “All Civil Defence staff including the director-general will be in the field checking on the …
( read original story …)
How the UAE’s New Minister of AI Views the Future Of Tech in His Desert Nation
into a golden age of technology. Where does a 27-year-old begin, in his effort to pioneer a new government system dedicated entirely to AI? Olama said he’s positive that artificial intelligence will prove an opportunity for the UAE rather than a challenge.
( read original story …)
Caution: Road closures for Abu Dhabi Tour
Dubai: Motorists in Abu Dhabi have been warned to take caution as a number of roads will be temporarily closed off for the international cycling tour. Organisers said that Abu Dhabi Tour 2018 will pass through a number of landmarks in the capital …
( read original story …)
Dubai Islamic Bank : DIB lists $1b sukuk on Nasdaq Dubai
Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, rang the market-opening bell today to celebrate the listing of a $1 billion Sukuk on Nasdaq Dubai. The Sukuk is the first benchmark dollar-denominated Sukuk from a GCC issuer in 2018 and …
( read original story …)
Dubai Islamic Bank celebrates Nasdaq Dubai Sukuk listing
It is DIB’s sixth Sukuk on Nasdaq Dubai, making the bank the largest UAE debt issuer by value on the exchange with a total of $5.25 billion. The latest Sukuk, carrying a profit rate of 3.625 per cent with a five-year tenor, attracted investors from the …
( read original story …)
Qatar’s Commercial Bank agrees to sell stake in UAE’s UAB to Tabarak
Commercial Bank, Qatar’s third largest bank by assets, has agreed, in principle, to sell its 40 per cent stake in Abu Dhabi-listed United Arab Bank to United Arab Emirates-based Tabarak Investment, sources told Reuters on Tuesday. The sale will be …
( read original story …)
UAE biggest source of GCC remittances to Philippines in 2017
Dubai: The value of remittances … posting the biggest jump of 30.8 per cent from a year earlier. The figures are based on bank reports and refer only to funds coursed through banks. Overall, Filipinos from around the world remitted a total of $31.3 …
( read original story …)
Sharjah Waterfront City
Sharjah Oasis Real Estate is a highly ambitious company with a universal vision, led by a team of passionate professionals who are ready to challenge the status-quo and conventional ways to achieve significant advancements in economic, social and …
( read original story …)