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Posted on 21/10/2020

Dubai’s Emirates NBD records 55% net profit dip for first nine months of 2020

Dubai-based lender Emirates NBD recorded a 55 per cent drop in net profit for Q1-Q3 2020, posting Dhs5.6bn, down from Dhs12.48bn during the year-earlier period. The decline in net profit was …
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Posted on 21/10/2020

Scrap yard gutted in massive Sharjah fire

An auto parts scrap yard in Sharjah was gutted in a fire on Tuesday morning. The blaze erupted at 4.23am in the emirate’s Industrial Area No. 10, civil defence officials said. All the auto parts …
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Posted on 21/10/2020

Israel and UAE sign visa and pipeline deals to cement alliance

Israel and the United Arab Emirates on Tuesday signed a flurry of deals, mediated by the US, to add heft to a normalisation agreement in which the Gulf state has pivoted towards Israel after decades …
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Posted on 20/10/2020

Israel says UAE visit “making history’

Posted . In a historic first visit by a Gulf Arab nation, a United Arab Emirates delegation arrived in Israel on Tuesday, accomp …
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Posted on 20/10/2020

Abu Dhabi Investment Firm to Form Digital Bank With $545 Million Capital

Abu Dhabi investment firm ADQ plans to set up a digital bank with an initial capital of 2 billion dirhams ($545 million) after obtaining the legacy license of First Gulf Bank.
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Posted on 20/10/2020

On-demand bus service to be trialled in Abu Dhabi

Precautionary measures to prevent the spread of Covid-19 include limiting the capacity of each bus to seven passengers.
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Posted on 20/10/2020

UK festival not returning to Au Dhabi over sexual assault claims

Tolerance Minister Sheikh Nahyan bin Mubarak Al Nahyan is accused of sexual assault by one of the event’s curators.
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Posted on 20/10/2020

UAE Sends First Official Israel Delegation

They were accompanied by U.S. Treasury Secretary Steven Mnuchin.
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Posted on 20/10/2020

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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Posted on 20/10/2020

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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Posted on 20/10/2020

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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Posted on 20/10/2020

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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Posted on 20/10/2020

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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Posted on 20/10/2020

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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Posted on 20/10/2020

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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Posted on 20/10/2020

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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Posted on 20/10/2020

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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