“These measures, which represent the first step in our ‘smart response’ to fires, will be coordinated by UAE-based technology company MGE. We also have a unique opportunity to use the Statistical Analysis System (SAS) for data analysis and risk …
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Singapore firm unveils blockchain technology
A Singaporean technology firm Locus Chain Foundation has launched the … Speaking at the launch of the innovation in Dubai, Sang Yoon, Lee, CEO of Locus Chain said one of the key features of this fourth generation of blockchain is its ability to track …
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Blockchain Technology Eyed By BMW, Renault, General Motors
In addition to Samsung, Mastercard, IBM, and the Dubai Land Department, the Mobility Open Blockchain Initiative claims that BMW, Renault, and General Motors are also interested in the technology, along with Bosch and ZF Friedrichshafen. Care to guess who …
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Dubai Properties Recognised by Dubai Land Department at Fiabci World Real Estate Congress
Dubai Properties, a member of Dubai Holding, was presented with a commemorative award by the Dubai Land Department (DLD) to recognise its support as strategic partner of the 69th FIABCI World Real Estate Congress, that concluded in Dubai today. The award …
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UK nationals ‘pumped $8.4bn into Dubai real estate’
British nationals have invested nearly Dh31.1 billion ($8.47 billion) in Dubai’s real estate sector during the period from 2014 to 2017, according to the statistics released by Dubai Land Department (DLD). The United Kingdom is one of the largest …
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UAE leads global efforts to prevent extremism, FNC speaker says
Martin Chungong and Dr Amal Al Qubaisi address a press conference on the sidelines of the meeting. Abdul Rahman/Gulf News The UAE is also cooperating with the United States of America through Sawab Centre on combating the messages spread by Daesh terrorist …
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Mashreq Kenya bank loan syndication
Dubai: Mashreq bank on Wednesday closed a $100 million (Dh367 million) dual tranche syndicated term facility for Stanbic Kenya Bank Limited — a subsidiary of the Standard Bank Group. The transaction closed nearly two and a half times oversubscribed.
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Dubai Islamic Bank Recognized by Dubai Service Excellence Scheme for the Widest Implementation of Happiness Meter
Dubai Islamic Bank, the largest Islamic bank in the UAE, has been recognized by Dubai Service Excellence Scheme (DSES) for the “Widest Implementation of the Happiness Meter” across its 34 branches in 2017. Mr. Nasser Al Awadhi, Chief of Consumer …
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First Abu Dhabi Bank appoints new CEO for Saudi Arabia’s banking business
Dubai: First Abu Dhabi Bank (FAB) said on Wednesday it has appointed Layth Al Shaiban as Chief Executive Officer of its new commercial banking business in Saudi Arabia, subject to regulatory approvals. FAB has been licensed by the Saudi Arabia Monetary …
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UAE Banks Federation issues financial literacy handbook to reduce chronic indebtedness
Central Bank of the UAE data, released last month, found that of the 7.168 million cheques worth Dh351.1 billion, handled by the UAE Clearing Cheque System during the first three months of 2018, Dh15.7bn worth bounced. “The UAE Banks Federation is no doubt …
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Nasdaq Dubai welcomes Noor Bank USD500mln sukuk listing
(MENAFN) The Nasdaq Dubai exchange has welcomed the listing of a USD500 million sukuk by Noor Bank, a UAE-based sharia-compliant bank. The five-year sukuk issue was oversubscribed 2.1 times, according to an official statement. After a USD500 million …
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UAE’s First Abu Dhabi Bank hires Saudi head
First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates by assets, said on Wednesday it has appointed Layth al-Shaiban, a former executive at Qatar National Bank, as head of its Saudi Arabian business. FAB, created by last year’s merger …
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Noor Bank Discusses Impact of VAT at Its Launch of ‘Noor Business Council’
Noor Bank, one of the leading Shari’a-compliant banks in the UAE, today announced the launch of the Noor Business Council (NBC), which is a thought leadership platform. Bringing together SMEs and large corporate clients of Noor Bank, the NBC has been …
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UAE to exempt gold and diamond trading from VAT
The UAE Cabinet has adopted a law to introduce the VAT Reversed Charge mechanism for investors in gold, diamond and precious metals, meaning that while there will only be documented entries of five per cent VAT in the books of both buyers and sellers …
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Which Abu Dhabi areas had property sales and rentals dropping in Q1?
The Abu Dhabi property market heavily favoured renters and buyers in Q1 in 2018, with Bayut.com data showing price decreases in all areas. Both apartments and villas across the sales and rental sectors became increasingly affordable in Q1, with the …
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30 second response: the Dubai firefighting revolution
director general of Civil Defence in Dubai, said: “The approved project wll accelerate the response time to 30 seconds in vital areas. A competent and authorised person will take an effective action through real-time transmission using technology and …
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Dubai’s DED launches blockchain-based commercial business registry
Dubai’s Department of Economic Development [DED] and the Dubai Silicon Oasis Authority [DSOA] have launched the “Dubai Blockchain Business Registry Project” to store and update company registration information issued by DED and local free-zone …
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