Five more commercial establishments in Dubai were given fines after staff were found not wearing face masks while four more shops were warned for not posting ample social distancing stickers, the …
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Israel, UAE Agree To Visa-free Travel As Ties Deepen
Israel and the United Arab Emirates agreed to visa-free travel on Monday, an unprecedented arrangement between Israel and an Arab state, signed as the first ever official UAE delegation landed in Tel …
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Expat property investor in Dubai finds spending Dh89m does not guarantee the land is his
Dubai: A property owner in Dubai is finding that spending more than Dh89 million on acquiring a plot and building a bespoke villa is not enough to stake permanent ownership. Not when the developer …
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Business and private jets provide a lift for Dubai South’s VIP Terminal
Business and private jets made up quite a bit of traffic growth at the Mohammed bin Rashid Aerospace Hub in Dubai South since July, with aircraft movements up into double-digits during the third …
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Dubai Chamber Organises Public Webinar on Effective Solutions for Late Payments To Suppliers and Subcontractors
Titled ‘Robust Mechanisms and Processes for making Prompt Payments to Suppliers and Subcontractors,’ the webinar, was organised by Dubai Chamber’s Centre for Responsible Business as part of a Dubai …
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Cars gutted in Sharjah scrap yard fire on Tuesday morning
A massive fire broke out in a scrap yard containing auto parts in Sharjah’s industrial area no. 10 at 4.23am on Tuesday. All the materials kept in the yard were gutted in the blaze, which triggered a …
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Sharjah Islamic Bank nine-month 2020 net profit at Dh353.4m, down from Dh415.4m
Dubai: Higher provisions dented Sharjah islamic Bank’s nine-month net profits, which totalled Dh353.4 million against Dh415.4 million a year ago. Impairment costs came Dh151.3 million for this period, …
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Flight Carrying First UAE Delegation to Israel Departs Abu Dhabi
A United Arab Emirates delegation took off to Israel on their first official visit on October 20 after a peace deal between the two countries was signed in August. The UAE’s cabinet ratified the deal …
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UAE eyes deals on first official visit to Israel
A United Arab Emirates delegation left on the country’s first official visit to Israel on Tuesday, with a string of deals set to be signed after the two countries signed a deal to normalise ties last …
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Founder of UAE state-run WAM news agency dies at 78
Abed, the founder of the United Arab Emirates’ state-run WAM news agency and a pioneering media figure as the oil-rich nation grew into a …
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The UAE Is Turning Into the World Capital for Weapons Makers
Years of quiet development are finally paying off, and Abu Dhabi’s defense industry can largely stand on its own feet.
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Biggest Dubai Bank More Than Doubles Provisions; Profit Dips
Emirates NBD PJSC braced for credit losses by more than doubling the amount of money set aside in provisions amid the coronavirus pandemic as it reported a 55% slump in its nine-month profit.
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Sharjah Islamic Bank Launches the Joud Card in Cooperation With the Sharjah Charity International
Sharjah Islamic Bank launched the “Joud” prepaid card in cooperation with the Sharjah Charity International. Sharjah Islamic Bank launched the “Joud” prepaid card in cooperation with the Sharjah …
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UAE delegation heads to Israel on first official visit
A United Arab Emirates delegation left on the country’s first official visit to Israel on Tuesday after the two countries agreed to normalise ties last month.
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UAE’s ADQ partners with Lulu International Holdings for Egypt expansion
Abu Dhabi-based holding company ADQ has entered into a non-binding agreement with supermarket chain Lulu International Holdings (LIHL). The agreement will pave the way for investments supporting …
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Dubai’s Union Properties Restructuring Debt to Weather Real Estate Slump
Union Properties PJSC is restructuring debt and trimming costs to weather a slump in Dubai’s real estate market. “We are focusing on restructuring our balance sheet, and all our efforts will be …
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Property investor in Dubai finds Dh89 million on plot and villa does not guarantee ownership
Dubai: A property owner in Dubai is finding that spending more than Dh89 million on acquiring a plot and building a bespoke villa is not enough to stake permanent ownership. Not when the developer …
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