SHARJAH- Sharjah Islamic Bank, SIB, has projected strong results despite the current situation, with net profits totaling AED153.7 million in the first quarter of 2020 compared to AED151.7 million in …
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Sharjah EPAA joins Sir Bu Nair island project
Sharjah’s Environment and Protected Areas Authority (EPAA) has announced a joint collaboration with the Emirates Marine Environment Group (EMEG) to establish a large-scale coral nursery off the coast …
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S&P lowers outlooks for UAE’s Sharjah, Ras Al Khaimah to negative
S&P Global Ratings has lowered its outlook to negative from stable for Sharjah and Ras Al Khaimah, two of the seven emirates that form the UAE, citing the financial risks of lower oil prices and the …
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Abu Dhabi’s Main Refinery Makes China Sales Push After Servicing
Abu Dhabi National Oil Co.’s main refinery is boosting efforts to sell fuel in China, where the economy is starting to recover from the coronavirus, according to Eni SpA, a partner in the plant. The …
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ESET researchers disrupt cryptomining botnet VictoryGate
ESET researchers have recently discovered a previously undocumented botnet named VictoryGate. It has been active since at least May 2019, and is composed mainly of devices in Peru, where over 90% of …
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Abu Dhabi’s Etihad extends suspension of scheduled flights to at least May 16
Abu Dhabi’s Etihad Airways said on Saturday it would extend its suspension of scheduled passenger flights until at least May 16 due to the coronavirus outbreak. The airline, which had aimed to …
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Abu Dhabi’s Etihad extends suspension of scheduled flights to May 15
Abu Dhabi’s Etihad airways said on Saturday it would extend its suspension of scheduled passenger flights until May 15. The airline had said it would partially resume passenger flights from May 1. Eti …
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Varkala becomes hotspot as Sharjah returnee tests positive
The panic caused by an Italian tourist testing positive here in March is still fresh in their memories. The patient has been cured and he left for his country on Tuesday. However, on Thursday, a …
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Dubai, hit by lockdown and oil price crash, could be headed for another debt crisis
Dubai, the glittering commercial hub of the Gulf, is facing the risk of a debt crisis reminiscent of the 2009 crash that wiped out thousands of jobs and nearly half the value of the emirate’s stock …
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UAE shortens curfew hours for Ramadan – WAM
The United Arab Emirates has shortened a nationwide coronavirus curfew by two hours to now run daily from 10 p.m. to 6 a.m. (1800 to 0200 GMT) for the Muslim fasting month of Ramadan, state news …
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Dubai to Ease Movement Curbs as Malls, Offices Slowly Reopen
Dubai, the Middle East’s business hub, is joining cities around the world in gradually loosening curbs after it enforced one of the strictest lockdowns to contain the spread of coronavirus.
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Indian Boy, 10, Found Dead In His Room In UAE’s Sharjah
A 10-year-old Indian boy was found dead in his bedroom after his parents broke open the locked door of his room in Sharjah, according to a media report. David Punnakkal, a grade six student who lived …
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Rothschild Hires Former Goldman Sachs Banker Calleja in Dubai
Rothschild & Co. hired former Goldman Sachs Group Inc. deal maker Ken Calleja in Dubai as the boutique bank readies for more advisory work in the oil-rich Gulf region. Calleja, who started as a …
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Sharjah Club keeps faith in Al Anbari as coach
The club management has kept the faith on Abdul Aziz Al Ansari to continue as Sharjah Club coach. Image Credit: Sharjah Club Dubai: The new board of directors of Sharjah Club has quashed all rumours …
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UAE Considers Reopening Malls After Virus Shutdown
Health ministry and crisis authorities have requested a study into “the possibility of reopening commercial centres with their private sector partners while taking into consideration health …
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Abu Dhabi and Dubai prepare to reopen malls, announcing guidelines for easing some lockdown measures as Ramadan begins
The exact dates and timing of reopenings has yet to be announced, but are highly anticipated by business owners hit hard by the lockdowns aimed at curbing the spread of the coronavirus.
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Dollar-backed crypto shapes up as pandemic winner
Last weekend the most popular version, Tether, hit a milestone market value of $7 billion. It’s the fourth-largest crypto asset on the blockchain. Emerging markets like Brazil, where local currencies …
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