UAE listings site Bayut.com’s parent company Emerging Markets Property Group (EPMG) has secured $50m of investment as part of a funding round. EPMG, which also owns and operates Zameen in Pakistan, Bp... ( read original story ...)
UAE’s four biggest banks see combined profit rise of 21%
Profitability for the banks, which include First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank and Dubai Islamic Bank, is likely to continue into 2019, the data showed. The UAE’s four larges... ( read original story ...)
Sharjah, UK Foster Knowledge Cooperation
The Sharjah Research Technology and Innovation, SRTI, Park, along with the American University of Sharjah Enterprises, AUSE, have signed an agreement with the Future Cities Catapult Services, a UK gov... ( read original story ...)
Abu Dhabi Rose’s accident-prone past firmly behind her for festival
Abu Dhabi Rose Sara Kate Mangan has revealed that she once fell off a cliff in her younger accident prone days. The 26-year-old nurse also received 18 stitches on her forehead from another incident wh... ( read original story ...)
UAE’s top-four banks to maintain stable profitability into 2019, report says
First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank and Dubai Islamic Bank posted a combined 21 per cent year-on-year increase in second quarter net profit to Dh8 billion, Moody’s Investors ... ( read original story ...)
Bank fraud: Sterling Biotech owner Nitin Sandesara detained in Dubai
In a major breakthrough in the Rs 5000-crore Sterling Biotech case, authorities in the UAE have detained Nitin Sandesara, the owner of the Gujarat-based pharma group. The company is accused of willful... ( read original story ...)
Accused in Rs 5,000 crore bank fraud case held in Dubai
Officials said Sandesara was arrested by Dubai police based on a non-bailable arrest warrant issued by an Indian court. Nitin Sandesara, an absconding director of a Gujarat-based pharma company which ... ( read original story ...)
US official says UAE paid Yemen tribes to push al-Qaida out
CAIRO – A senior U.S. official acknowledged Wednesday that the United Arab Emirates had paid money to tribal leaders in Yemen to rout al-Qaida militants from their strongholds in the war-torn county. ... ( read original story ...)
Gulf Hotels Group unveils first UAE property
Gulf Hotels Group (GHG), Bahrain’s leading home-grown hospitality provider, has announced the soft opening of its first UAE property - The Gulf Court Hotel Business Bay. The opening is the first phase ... ( read original story ...)
How Transguard is using technology to find new avenues of business
We work really closely with Dubai Police, so it was well received ... the first block of which will house 10,000 employees in a building that includes solar technology, LED lighting, water efficiency ... ( read original story ...)