Dubai: The Dubai Chamber of Commerce and Industry recently organised a series of charitable activities in cooperation with the Angel Appeal initiative to celebrate Zayed Humanitarian Day and the Year of Zayed. Over the course of two days, more than 100 …
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Saudi Aramco restructures non-oil assets ahead of IPO, sources say
DHAHRAN, Saudi Arabia/DUBAI — Saudi Aramco has created a subsidiary to house … as it restructures some assets not related to oil and gas ahead of its planned initial public offering (IPO). The move is designed to streamline Aramco’s operations …
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UAE’s largest bank appoints new UK CEO
First Abu Dhabi Bank (FAB), the UAE’s largest bank, has appointed a new CEO to head up the bank’s operations in the UK. Paul Hartwell has been appointed CEO to lead the Abu Dhabi-based bank’s business from its London office, where it has had a presence …
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University Hospital Sharjah teams up with South Korean hospital
Sharjah: The University Hospital Sharjah (UHS) signed an association agreement on Monday with the South Korea’s Himchan Hospital to provide advanced spine and joint medical services at UHS. The two hospitals teamed up to bring the expertise of Himchan in …
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Saudi Aramco restructures non-oil assets ahead of IPO: sources
DHAHRAN, Saudi Arabia/DUBAI (Reuters) – Saudi Aramco has created a subsidiary … as it restructures some assets not related to oil and gas ahead of its planned initial public offering (IPO). The move is designed to streamline Aramco’s operations and …
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Dubai Airports raises Dh1.5m for Dubai Cares
Dubai: Dubai Airports has raised Dh1,505,329 in support of Dubai Cares’ Education in Emergencies programmes which offer support to children affected by conflict and natural disasters in countries like Lebanon, Iraq and Nepal, thus enabling them catch up …
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UAE network names changed: Here’s why
“Shaikh Zayed is a symbol of humanitarian giving, as his initiatives served the whole of humanity and reinforced the UAE’s role as a global model to follow,” the state news agency WAM stated. According to Sultan Al Shehi, project manager of Emirates …
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Is the Queen doing Dubai’s 3-finger salute?
Dubai: Team Godolphin’s victory at the Epsom Derby earlier this week was celebrated by all, as messages and memes made the rounds on social media. But one photo of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of …
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Cleveland Clinic Abu Dhabi staff help Rohingya refugees
Abu Dhabi: A number of caregivers from Cleveland Clinic Abu Dhabi have recently returned from working as volunteer clinical staff in Rohingya refugee camps in Bangladesh The seven caregivers, who specialise in emergency medicine and infection prevention …
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Dubai property brokers welcome new online platform
The introduction of the Dubai Land Department’s Real Estate Self Transaction (REST) platform by 2020 will result in more streamlined and efficient property transactions as well as a consolidation in the brokerage business, experts say. A Dubai 10X …
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Arabian Business Podcast: The future of retail, amid challenges from technology and innovation
The report also noted that 1.5 million sqm of new retail space will be delivered to the Dubai market, adding roughly 50 percent to existing inventory. But technology and innovation is rapidly changing the retail landscape and the way in which retailers …
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Dubai Business Club offers new value-added service package
The Department of Economic Development (DED) in Dubai has unveiled a value-added service package for investors using the services of its Dubai Business Club. The new package includes economic, administrative and legal consultancy, market research …
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Dubai crowned ‘Creative City of Design’ by Unesco
Dubai: Dubai has become the first city in the Middle East to be appointed as a ‘Unesco Creative City of Design’, officials announced on Sunday. Dubai is now the 24th such city in the world, within the Unesco Creative Cites Network (UCCN), which has 180 …
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UAE Banks Federation Launches UAE’s Financial Literacy Handbook for SMEs
In view of financial literacy’s critical role in the success of an economy and sustainable development of a society, the UAE Banks Federation (UBF), has stepped up its efforts to increase the level financial awareness in the country. For organizations …
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High profitability underpins UAE banking sector
Dubai: The UAE’s banking sector has remained largely resilient to the decline in oil prices and it impact on government finances and economic growth, according to a recent report from ratings agency, Moody’s. Real estate and government-related entity …
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UAE’s public finances stabilising towards a balanced budget in 2019
This is in addition to a $317 million panda bond issued in February, as well as USD-denominated bank loans from both UAE and foreign banks. Ras Al Khaimah also has $1.7 billion in borrowings. Funding deficits through external borrowings The structure of …
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These UAE billionaires donate half of wealth to charity
He is the son-in-law of UAE-based retail tycoon M.A. Yusuff Ali, owner of LuLu hypermarkets. In his letter to Gates, Vayalil highlighted his desire to do good things “for the greater good.” Vayalil started his healthcare business only about a decade …
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