What really was the mortgage law? The law defines the eligibility of various categories of borrowers based on a loan to property value ratio. In the case of UAE nationals, for properties valued at AED …
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Abu Dhabi’s top oil and gas construction projects of 2019
Abu Dhabi’s active oil and gas projects are multibillion-dollar schemes that have a significant socio-economic impact in the UAE and beyond. The good news for engineering, procurement, and constructio…
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UAE Press: Special Olympics a celebration of humanity
ABU DHABI, 12th March, 2019 (WAM … are bringing this festival of fun and sporting activities here,” said Gulf News in an editorial on Tuesday. Already, His Highness Sheikh Mohammed bin …
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Dubai Refreshment Co’s 2018 profits drop 54% after VAT, excise tax
In the statement, Dubai Refreshment Company, which is the sole bottler and distributor for PepsiCo in the UAE, said that the company “was forced to pass these taxes to the consumer”. The implementatio…
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The Debt Panel: ‘Can my bank use my gratuity payment to reduce my loan?’
I’ve heard that taking money to reduce debt is against the Central Bank of the UAE regulations. If this is the case, does it mean a bank cannot use a gratuity payment against an outstanding loan? I ha…
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UAE to start receiving applications for long-term residence visa for investors, entrepreneurs, innovators and talented expatriates
Deputy Ruler of Dubai and UAE Minister of Finance, Shaikh Nahayan Mabarak Al Nahayan, UAE Minister of Tolerance; Mohammad Abdullah Al Gergawi, Minister of Cabinet Affairs and the Future at the …
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UAE financial bodies launch passporting facility, enabling country-wide investment fund promotion
The UAE financial regulators have announced the launch of a new fund passporting facility to help promote investment fund in the country. In a statement, the Emirates Securities and Commodities Author…
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UAE announces long-term residence visas
… cabinet on Monday approved the regulatory framework for insurance of five and 10-year UAE residence visas to certain categories of applicants, report Gulf News. The news has been announced on Twit…
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Dubai Chamber’s Chamberthon In Rwanda Pairs Entrepreneurs From The UAE And Africa To Build A Cross-Border Mentorship Program
For instance, entrepreneurs in Dubai could take part in the GBF Mentorship Program to find people who’d be able to advise them on how they could do business in, say, Kigali, and this would work vice-v…
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Irish in the UAE: High costs, loneliness, and the risks of a taxi alone
Irish emigrants in the United Arab Emirates (UAE) have advised women who move there against getting a taxi alone. One Irish woman living there says it is “not as safe as it seems”, and another recount…
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Dubai’s Trade Growth Has Stalled; Value of Imports And Exports At A Standstill For Six Years Running
Dubai’s reputation has been built on trade. The idea of being an international business hub is woven into the fabric of the city and plays a central role in the history of the emirate. It was the dred…
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ADCB announces combined bank’s new board
In late January, they said their boards had voted unanimously in favour of the deal, which will create the third largest bank in the UAE. The transaction will create a robust platform to grow the bank …
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Dubai Police Force Selects BIO-key’s Biometric Authentication Solution
BIO-key International (NASDAQ:BKYI) announced that Dubai Police Force has selected BIO-key’s biometric authentication solution for internal network log-in and to secure access to critical data.
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Dubai Real Estate Giant Emaar to Launch ETH Token, Considers ICO in Europe
Dubai-based real estate giant Emaar will launch an ERC-20 token developed by Swiss blockchain startup Lykke. A token launch has been announced by Dubai-based real estate giant Emaar, which is also …
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Dubai’s new smart camera can tell how happy you are
initiative under its Smart Dubai strategy. “The initiative aims to measure customers’ happiness through smart cameras that analyse the extent of their happiness,” said Maher Shirah, director of smart …
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The World Triathlon Series begins in Abu Dhabi and Canada steals the spotlight in Florida
On Friday, March 8th, Mario Mola (ESP) began his World Triathlon Series (WTS) defence at WTS Abu Dhabi. The Spaniard started the 2019 season right where he left off 2018, taking the win over Alex Yee …
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Asian Business Leadership Forum brings India-UAE ties in focus
The ABLF 2019 will bring together the narratives of the two visionaries – the Fathers of the Nations – India and UAE. NEW DELHI: The Asian Business Leadership Forum (ABLF), a global leadership platfor…
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