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Posted on 16/06/2020

Egypt looking to raise over $1bln loan, taps UAE banks – sources

The Egyptian government is looking to raise a loan of more than $1 billion and has tapped lenders in the United Arab Emirates (UAE) to arrange the financing, two sources familiar with the deal said.
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Posted on 16/06/2020

GCC Covid-19 update: UAE reports 346 infections, 2 fatalities; Saudi registers 4,267 cases, 41 deaths

UAE The UAE has registered 346 Covid-19 cases and two deaths, as a result of additional 38,000 tests conducted to screen for the virus. The total infection count has now scaled to 42,982 while …
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Posted on 16/06/2020

UAE sends medical aid to Jordan in fight against COVID-19

English News and Press Release on Jordan about Contributions, Health and Epidemic; published on 15 Jun 2020 by Govt. UAE …
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Posted on 16/06/2020

Sharjah Islamic Bank to sell $500 mln in 5-yr dollar sukuk -document

Sharjah Islamic Bank is expected to sell $500 million in five-year U.S. dollar-denominated sukuk at 2.9% plus or minus 5 basis points, a document showed on Tuesday.
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Posted on 16/06/2020

Sharjah Islamic Bank to sell $500mln in 5-year dollar sukuk -document

Sharjah Islamic Bank is expected to sell $500 million in five-year U.S. dollar-denominated sukuk at 2.9% plus or minus 5 basis points, a document showed on Tuesday. The bank received over $3.5 billion …
( read original story …)


Posted on 16/06/2020

Coronavirus – UAE: Why refinancing your mortgage is a great option for home owners

Historically low rates and revision of early settlement fee are a plus for borrowers If you are a home owner in the UAE with an existing mortgage, this is an optimal time to refinance your home loan …
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Posted on 16/06/2020

UAE diagnoses 342 more patients with COVID-19

The Ministry of Health and Prevention of the United Arab Emirates (MoHAP) said on Monday that 342 more patients have been diagnosed with coronavirus in the country, increasing the total number of …
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Posted on 16/06/2020

UAE fights coronavirus: Home quarantine comes with free food, laundry service in Abu Dhabi

Health authorities in Abu Dhabi have been making sure that home quarantine is convenient and comfortable for Covid-19 patients. Free food, tele-consultations, laundry and waste management are just …
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Posted on 16/06/2020

UAE ranks among world’s most trusted governments

Trust in the UAE government surged 11 points to an all-time high of 65 per cent, making it the most trusted institution globally above businesses, NGOs and the media, a report said. Trust in the UAE …
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Posted on 16/06/2020

DFM and HSBC organize a webinar for global investors on the role of UAE ESG Index in strengthening market competitiveness

E. Essa Kazim: “The new index is DFM’s most recent initiative to attract investments from a larger base of international investors” …
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Posted on 16/06/2020

Injazat, Hub71 to give UAE startups greater access

Injazat, the UAE-based leader in digital transformation and a Mubadala-owned company, and Hub71, Abu Dhabi’s Tech Startup ecosystem, have formed a new partnership to support the commercial development …
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Posted on 16/06/2020

UAE’s water sustainably efforts receive a major boost from IMKAN

The UAE’s water sustainability efforts have received a major boost with the launch of a new pilot irrigation project designed to conserve the country’s most precious of resources. Initiated by Abu …
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Posted on 16/06/2020

UAE launches smart platform to respond to Covid-19 threat

A smart platform launched by the Ministry of Infrastructure Development in the UAE can identify population density and death toll from Covid-19 in each area across the country. The technology is aimed …
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Posted on 16/06/2020

Combating coronavirus: These employees in UAE are the happiest, research says

Although most UAE employees feel their employers have treated them well during this difficult time, some sectors show far higher satisfaction levels than others. A YouGov research has revealed that a …
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Posted on 16/06/2020

Video: 370 Filipinos repatriated from UAE arrive in Manila

A total of 370 Filipinos who were repatriated by the Philippine missions in the UAE arrived in Manila on Monday. Philippine consul-general Paul Raymund Cortes told Gulf News it was the first chartered …
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Posted on 16/06/2020

UAE becomes largest FDI recipient in the Middle East

Foreign direct investment (FDI) inflow into the UAE jumped over 34 per cent to $14 billion (Dh51.4 billion) in 2019 as compared to $10.4 billion (Dh38.2 billion) in the previous year following major …
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Posted on 16/06/2020

UAE Says OPEC+ Deal Will Soon Restore Oil Prices to ‘Normal’

(Bloomberg) — Oil-production limits adopted by a group of major crude suppliers will soon bring prices back to “normal,” according to the energy minister of the United Arab Emirates.When markets were …
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