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Posted on 11/06/2020

UAE- Dh10,000 fine each handed out for 15 violations in Sharjah

Sharjah Environment and Protected Areas Authority has registered 15 violations as a result of damages caused to plant life in the wilderness, during the first quarter of 2020. Most of the violations …
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Posted on 11/06/2020

Abu Dhabi’s Mubadala says it is well placed to handle virus challenge

Abu Dhabi state fund Mubadala said on Thursday its strong liquidity position and a diverse portfolio will help the fund tackle the challenges posed by the coronavirus outbreak and weak oil prices, as …
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Posted on 11/06/2020

15 environmental fines handed out in Sharjah

Sharjah Environment and Protected Areas Authority recorded 15 violations as a result of damages caused to plant life in the wilderness. These fines were recorded during the first three months of 2020, …
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Posted on 11/06/2020

Abu Dhabi state investor Mubadala says total income grew four times in 2019

Abu Dhabi state investor Mubadala Investment Co said on Thursday its total comprehensive income grew four times to 53 billion dirhams ($14.43 billion) in 2019, helped largely by gains in its public …
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Posted on 11/06/2020

Abu Dhabi Sovereign Fund Mubadala Deputy CFO on Results

Abu Dhabi’s Mubadala Investment Co., one of the world’s biggest sovereign wealth funds, has achieved a total comprehensive income of AED 53 billion for 2019, compared to AED 12.5 billion in 2018. That …
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Posted on 11/06/2020

Abu Dhabi’s Corniche Hospital to cater for pregnant women with Covid-19

The hospital will continue to receive patients who do not have the virus but has also set up specific wards for mothers-to-be with the pathogen …
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Posted on 11/06/2020

Abu Dhabi’s Mubadala had assets under management of Dh853b in 2019

Abu Dhabi’s Mubadala Investment Company recorded a sharp gain in full-year income to Dh53 billion from Dh12.5 billion in 2018. Assets under management by the fund was at Dh853 billion as of end 2019, …
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Posted on 11/06/2020

Silver Linings: What SMEs In Dubai (Potentially) Stand To Gain From The COVID-19 Crisis

I’m hoping that we are going to see drastic changes to how we work, how we get paid, and a reduction in bureaucracy that will benefit everyone.
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Posted on 11/06/2020

UAE traffic: Accident, tailbacks delay motorists on Dubai, Sharjah roads

Slow moving traffic was observed on reported on Sheikh Mohammed bin Zayed Road from Sharjah Industrial Area towards Dubai. Tailbacks were also reported on E311 Sheikh Mohammed bin Rashid Al Maktoum …
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Posted on 11/06/2020

Architects have designed a Martian city for the desert outside Dubai

Architects Bjarke Ingels Group have designed a prototype of a city suitable for sustaining life on Mars — and then adapted it for use in the Emirati desert.
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Posted on 11/06/2020

Tagir Ulanbekov vs. Aleksander Doskalchuk added to UFC’s July 15 event in Abu Dhabi

Tagir Ulanbekov (11-1 MMA, 0-0 UFC) will face Aleksander Doskalchuk (10-2 MMA, 0-0 UFC) at Yas Island in Abu Dhabi – also known as “Fight Island.” Two people with knowledge of the situation informed …
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Posted on 11/06/2020

Coronavirus slows Dubai airport, world’s busiest for global travel

Dubai International Airport, the world’s busiest for international travel for years, is feeling the world’s lack of flights due to the coronavirus.
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Posted on 11/06/2020

Sharjah set to host specialised taekwondo programme next

Sports Club has announced the launch of a specialised training programme for taekwondo at its premises in the near future. Tariq Juma Al Suwaidi, Member of the Board of Directors and Taekwondo …
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Posted on 11/06/2020

Heavy evening traffic on key highways in Dubai, Sharjah

The mishap, opposite Marhaba Mall towards University City roundabout, resulted in traffic delays, the Dubai Police said. Traffic was heavy on key UAE highways in the evening. On Sheikh Mohammed bin …
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Posted on 10/06/2020

Expats Leaving Dubai Is Bad News for the Economy

Oxford Economics estimates the United Arab Emirates, of which Dubai is a part, could lose 900,000 jobs — eye-watering for a country of 9.6 million — and see 10% of its residents uproot. Newspapers …
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Posted on 10/06/2020

UAE economy to contract by 3.6% this year, central bank says

The United Arab Emirates (UAE) economy is likely to contract by 3.6% this year after economic activity slowed because of the coronavirus pandemic, the central bank said on Wednesday. In the first …
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Posted on 10/06/2020

Dubai merger boosts state-linked property firm’s debt – sources

Islamic bonds issued by Dubai’s Meraas Holding, a state-linked property developer, have shot up in value after the government announced the company would come under the umbrella of the ruler of …
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