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Posted on 09/07/2020

Bank of Sharjah posts Dh488m 2019 loss from Lebanese subsidiary

Bank of Sharjah’s UAE operations continued to generate solid profits with a net profit of Dh163 million for full year 2019, up 25 per cent, compared to the previous year. Image Credit: Supplied …
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Posted on 09/07/2020

Sharjah, Government of — Moody’s assigns provisional (P)Baa2 rating to Sharjah’s Global Medium Term Notes programme

Moody’s Investors Service (“Moody’s”) has assigned a provisional rating of (P)Baa2 to the Government of Sharjah’s Global Medium Term Note (GMTN) Programme. Moody’s expects to assign definitive rating( …
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Posted on 09/07/2020

All coronavirus patients discharged from 3 Sharjah hotels used for quarantine

Mohammed Al Zarooni, director of Sharjah medical area, said that all of the three hotels are free of Covid patients now and only one other hotel still has a few patients, who are recovering fast. Also …
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Posted on 09/07/2020

Navy, Air Force troops train with UAE pilots to thwart fast-boat attacks in the Persian Gulf

An AH-64D Apache from UAE Joint Aviation Command launches from the flight deck of the Lewis B. Puller (Chief Petty Officer Thomas Joyce/Navy) U.S. Navy and Air Force troops joined with United Arab …
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Posted on 09/07/2020

Abu Dhabi rep: ‘Fight Island’ came at ‘huge’ cost but sets bar for sporting events around globe

As the UFC readies to kick off a run on “Fight Island,” the local government admits it wasn’t an easy – or cheap – proposition.
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Posted on 09/07/2020

UAE: Three Dubai expatriates who built a business without a university degree

Dubai: As the world deconstructs and morphs … Ali Soudi, building a business with the building blocks of passion and pragmatism At 25, Ali Soudi, has already arrived in the world of event …
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Posted on 09/07/2020

UAE: Three Dubai expatriates who built a business without a university degree and stayed afloat despite COVID-19

Earning a graduation degree is not sacrosanct and exclusive prerequisite for earning a decent livelihood. The parables of Bill Gates, Steve Jobs and Mark Zuckerberg, all of who dropped out from …
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Posted on 09/07/2020

Coronavirus: Dubai business conditions improve in June amid COVID-19 easing

People observing social distancing while gathering in Dubai amid coronavirus. (File photo: AFP) Dubai’s non-oil private sector was steady in June, the first time it did not contract since February, a …
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Posted on 09/07/2020

Majid Al Futtaim launches new F&B joint at City Centre Deira

In addition to Kitchen 35, Majid Al Futtaim’s F&B portfolio includes Nutella@VOX, which serves desserts generously smothered with everyone’s favourite chocolate spread, Pizza …
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Posted on 09/07/2020

DSS 2020: Dubai Summer Surprises begins today — yoga at Burj Khalifa, fireworks at the Palm, mega sale and more

Strict safety measures have been put in place across the city as part of continuous efforts to fight Covid-19.
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Posted on 09/07/2020

Dh11 billion Dubai Metro Red Line extension called Route 2020 launched linking the Expo site

Dh11 billion project, spanning 15 km with seven stations, is one of Dubai’s first projects launched under the development theme of ‘Towards the Next 50 Years’ Route 2020 serves communities populated …
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Posted on 09/07/2020

COVID-19: Shifting houses in the UAE? Here’s how you navigate through a mountain pile of costs!

They should book the moving company one week before shifting house,” said Vijay Kumar, Founder and CEO, MoversZone LLC, an aggregator for moving services. “The cost of moving depends on the amount of …
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Posted on 09/07/2020

Dubai Business Conditions Improve as City Emerges From Lockdown

Business conditions in Dubai showed signs of picking up in June as the city reopens after a lockdown to contain the spread of the coronavirus.
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Posted on 09/07/2020

Dubai’s business activity shows ‘tentative’ signs of recovery in June

The back to business approach did pay off for Dubai’s economy during June. Private sector activity recorded improvements for the first time since March. Image Credit: Gulf News Archive Dubai …
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Posted on 09/07/2020

Dubai business conditions show signs of improving as city emerges from lockdown

IHS Markit’s Purchasing Managers’ Index said output grew for the first time in four months at ‘a solid rate’ Business conditions in Dubai showed signs of picking up in June as the city reopens after a …
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Posted on 09/07/2020

Dubai property market set for V-shaped recovery

Real estate sale transactions in Dubai jumped by 60 per cent month-on-month in June 2020 signalling patterns of a V-shaped recovery, according to developers and property experts. Real estate portal …
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Posted on 09/07/2020

Panel probes Magu over alleged ownership of Dubai properties

The PUNCH gathered that the Justice Ayo Salami-led panel was interested in establishing if indeed Magu bought properties abroad, particularly in Dubai, where he was said to have travelled to …
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