Sharjah Islamic Bank (SIB) has priced a $500 million 5-year long sukuk, with a profit rate of 2.85 per cent per annum, fetching it an A- …
( read original story …)
Major crypto debit card issuer reportedly missing $2.1B in cash
According to earlier reporting by the Financial Times, Wirecard staff in Dubai and Dublin appear to have conspired to falsely inflate sales and profits for almost a decade. Crypto.com’s popular debit …
( read original story …)
Divers cut, plant coral off UAE coast to build reef
Off the east coast of the United Arab Emirates (UAE) coral freshly removed from a reef is cut into pieces and replanted by a group of divers in the waters below. The divers, from the Fujairah …
( read original story …)
5 Arab fighters who could be UFC ‘Fight Island’ alternates in Abu Dhabi
With the UFC returning to Abu Dhabi for four events in July, here are five Arab fighters who could fill in if needed.
( read original story …)
KT edit: Sharjah deserves praise for supporting teachers
The UAE, particularly Sharjah, has recognised their contributions during this difficult time. In April, the emirate’s education authorities intervened and said they would penalise schools who resorted …
( read original story …)
Abu Dhabi Investment Office Invests US$5 Million in Shorooq Partners’ Bedaya Fund To Support Early-Stage Startups In Abu Dhabi
ADIO’s investment to be channelled to fintech, tech-enabled business services, platforms and software startups in Abu Dhabi …
( read original story …)
Race To Ready Dubai’s Mega Expo Despite One-year Delay
Armies of workers in protective masks are racing to complete the mammoth Dubai Expo 2020 site despite the coronavirus that has sickened some employees, forced a one-year postponement, and created a …
( read original story …)
50 Pinoys dead of COVID-19 in Dubai but central command says overall cases declining
DUBAI, United Arab Emirates — The head of Dubai’s COVID-19 Command and Control Centre said this international city that does not sleep is moving steadily towards overcoming the pandemic, noting that …
( read original story …)
Traffic alert: Police urge caution after multiple accidents in Dubai
Heavy congestion was reported on various roads in Dubai on Thursday morning due to multiple accidents. Drivers faced disruption during rush hour after an accident on the Boukdra Bridge towards the Ras …
( read original story …)
A Look At How Businesses In Dubai Are Ensuring Their Employees Physical And Mental Well-Being Amid COVID-19
As large and small businesses across all industries are adapting to changes brought on by the COVID-19 pandemic, one thing that shouldn’t be forgotten in the fray is the focus on supporting employees’ …
( read original story …)
Miami woman stuck in Dubai for nearly two years over an alleged forgery
Danielle Jeffries has been stranded in Dubai since May 2019 over an alleged forgery which her attorney said she did not commit. Jeffries says the inherent racism in the United Arab Emirates is the …
( read original story …)
UAE official: Israel annexation may draw calls for one state
A senior Emirati official warned Wednesday that Israel’s planned annexation of parts of the West Bank could lead Arab states to call for a single bi-national state for …
( read original story …)
Abu Dhabi’s Mubadala Weighs Selling Property Assets to Aldar
Mubadala Investment Co. is weighing the sale of a mall and other real estate assets to Abu Dhabi’s largest property developer Aldar Properties PJSC, according to people with knowledge of the matter.
( read original story …)
Dubai International Arbitration Centre Stages Webinar On The Impact of COVID-19 On Dispute Resolutions
DIAC, an initiative of the Dubai Chamber of Commerce and Industry, is the largest arbitration centre in the Middle East, providing both local and international business communities with arbitration …
( read original story …)
Abu Dhabi’s sovereign fund boosts Cellnex stake after ending pact with Benetton family
Abu Dhabi’s sovereign wealth fund raised its stake in Spanish mobile phone tower operator Cellnex CLNX.MC after it had broken a shareholders pact with the Benetton family and Singapore’s sovereign …
( read original story …)
UAE’s Abu Dhabi Eases Movement Restrictions: Media Office
Abu Dhabi eased movement restrictions to allow citizens and residents to leave the emirate freely without a permit but have to enter it with one, the emirate’s media office said in a statement on …
( read original story …)
UAE can work with Israel in some areas while having political differences: senior official
The United Arab Emirates can work with Israel on some areas, including fighting the new coronavirus and on technology, while still having political differences with the state, the minister of state …
( read original story …)