... Bank (BBVA), Fidor Bank and Imagine Bank (Caixa Bank) are being created with promising expectations. There are also interesting initiatives of multitenant mobile money solutions. Currently in the UAE, the #UAE Banks Federation is developing a ... ( read original story ...)
Leaving the UAE? Here’s our guide to a smooth departure
If you rent a home in Dubai and you’re leaving, there are a few things to do until you head to the airport for the last time as a resident. First of all, you need to check when the lease on your apartment expires. Here, you have three options. ( read original story ...)
Consultant cleared of forging papers, embezzling partner’s Dh18m
Dubai: A business consultant has been cleared of the charges of tricking a businessman, who wanted to start a trading company in Dubai, and embezzling more than Dh18 million from him. The South African businessman on a visit to Dubai, met the 34-year-old ... ( read original story ...)
Aims to solve the problem of congested houses for bachelors, prevent illegal partitions in villas
Housing units for low income earners and costing as low as Dh700 a month in rent will be introduced in Abu Dhabi, authorities announced on Saturday. The Department of Municipal Affairs and Transport - Abu Dhabi City Municipality (ADM) on Saturday said ... ( read original story ...)
Dubai fire: Streets reopened around Torch Tower as fire extinguished and no deaths reported
according to Dubai's Gulf News website. Several residents said the fire broke out just after 1am at the 86-story Torch Tower — a more than 335 metre-tall residential building in Dubai's popular waterfront Marina district. The same building had also ... ( read original story ...)
Goldman Sachs buys into Aramco $10 billion loan as it seeks IPO role
DUBAI (Reuters) - Goldman Sachs (GS.N) has bought a slice of Saudi Aramco's IPO-ARMO.SE $10 billion credit facility as it seeks a role in the historic listing of the oil company, sources familiar with the matter told Reuters. ( read original story ...)
UAE Press: Keep oceans clean to avoid trouble
ABU DHABI, 5th August, 2017 (WAM) -- Humans bank on oceans for very many things, it is impossible to imagine the world without them. The future of the planet's oceans is, however, challenged by serious threats such as climate change, pollution and ... ( read original story ...)
ED raids Gujarat firm that defaulted on UPA-era bank loans, Rajya Sabha election funding in focus
“Sandesara group siphoned off substantial amount of bank money through bogus exports and parked in offshore companies in Nigeria, US and Dubai. This is part of government’s crack down on wilful defaulter,” a source in the ED’s Gujarat unit told HT ... ( read original story ...)
How Dubai can establish sustainable tourism practices
Keeping this in mind, Dubai is moving to tackle the issue of food waste with the launch of the UAE Food Bank. The initiative, spearheaded by HH Sheikh Mohammed, was announced in January and aims to combat the Dhs3.5bn ($952.8m) worth of food discarded in ... ( read original story ...)
Adnoc mulls $5bn bank loan for smart growth
The Abu Dhabi National Oil Company (Adnoc) is currently considering a range of financing options, including a$5 billion bank loan, to promote prospects ... Such IPOs would support the growth and expansion of the UAE’s private sector and equity capital ... ( read original story ...)