Dubai: Hyperloop, a subsonic commuter tubes system capable of shuttling passengers in a travel pod from Dubai to Abu Dhabi in 12 minutes at theoretical speeds of up to 1,200km/h, will be globally premiered for the first time on Thursday at City Walk 2 …
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Dubai’s very own love-lock bridge is a huge hit
DUBAI: If you have found your true love then you may as well seal it. And there’s no better place to do that than at the newly opened Love Lock Bridge in Dubai. Just like at the famous Pont des Arts Bridge in Paris, couples visiting the Promise Bridge …
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Standard Chartered Bank, Ducab mark implementation of integrated payments solution
Head of Transaction Banking at Standard Chartered Bank, UAE. At a commemorative event at Ducab’s headquarters, Julian Wynter, Chief Executive Officer, Standard Chartered Bank, UAE said, “Delivering this solution to Ducab reaffirms the Bank’s …
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UAE Central Bank Hosts first meeting of new Higher Shari’ah Authority
In addition to a group of Central Bank’s senior officials. H.E. Mubarak Rashed Al Mansoori, Central Bank Governor, welcomed the Chairman and the Board Members of the Higher Shari’ah Authority in his opening remarks where he highlighted the objectives …
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Emirates NBD inks Unec’s Dubai project finance deal
Emirates NBD, a leading bank in the region, said it has successfully concluded financing amounting to Dh1.3 billion ($354 million) for Unec (United Engineering Construction Company) towards building work on Dubai-based property developer Nakheel’s Deira …
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United Arab Emirates shares mixed at close of trade; DFM General up 0.18%
Investing.com – United Arab Emirates equities were mixed at the close on Monday, as gains in the Banking, Real Estate & Construction and Insurance sectors propelled shares higher while losses in the Telecoms, Finance & Investment and Transport sectors …
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New Islamic economy products launched in Dubai
They key aim is to achieve a sustainable economy.” Held at Grand Hyatt Dubai, the event was attended by industry experts, innovators, and decision-makers. It was supported by Alinma Bank, Islamic Development Bank and Dubai Islamic Economy Development …
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Emirates NBD Bank : inks Unec’s Dubai project finance deal
Emirates NBD, a leading bank in the region, said it has successfully concluded financing amounting to Dh1.3 billion ($354 million) for Unec (United Engineering Construction Company) towards building work on Dubai-based property developer Nakheel’s Deira …
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Zabeel House by Jumeirah Al Seef opens on the banks of Dubai Creek this Spring – with a mini-version next door
Al Seef is the newest destination by Meraas, the masterminds behind The Beach, Box Park, City Walk and La Mer; a busy two kilometre promenade of shops, cafes and pop-ups on the south bank of Dubai Creek. Old meets new on the waterfront, with modern and …
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Qatar’s Commercial bank to pull out of Abu Dhabi-based UAB
… 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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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