UAE News Agency (WAM) reported. They commended the UAE’s backing of Yemeni government and people, thanks to the directives of President HH Shaikh Khalifa bin Zayed Al Nahyan, Vice President, Prime Minister and Ruler of Dubai, HH Shaikh Mohammed bin Rashid …
( read original story …)
UAE FM: Qatar’s diplomacy campaign does not serve to fix heart of the problem
and the crown prince of the UAE, Sheikh Mohammad bin Zayed al-Nahyan, but later said “nothing was confirmed”. The EU foreign ministers will also hold a meeting on Monday to discuss tensions between major Arab states and Qatar, Al Arabiya News Channel …
( read original story …)
One wounded in missile attack on UAE ship off Yemen coast: SPA
DUBAI Houthi militants attacked a United Arab Emirates ship off the coast of Yemen, wounding one crew member, Saudi state news agency SPA reported on Thursday. “A UAE ship was attacked by a missile fired by the Houthi militias, causing no damage to the ship.
( read original story …)
UAE cinema listings: June 15 – June 21
NEW! Cars 3 Thu-Sat 12:00pm, 12:30pm, 1:00pm, 2:30pm, 3:00pm, 3:30pm, 5:00pm, 5:30pm, 6:00pm, 7:30pm, 8:30pm, 10:00pm, 11:00pm Sun-Wed 12:45pm, 1:15pm, 2:15pm, 3:30pm, 3:45pm, 4:45pm, 6:00pm, 6:15pm, 7:15pm, 8:35pm, 9:45pm CIA – Comrade in America …
( read original story …)
UAE luxury fashion market luring big spenders
Dubai is putting itself on the fashion map when it comes to … And as Kate King reports, the city could cash in with luxury good sales expected to grow in 2017. Reuters is the news and media division of Thomson Reuters. Thomson Reuters is the world’s …
( read original story …)
UAE Names Abu Dhabi Mosque After Mary, Mother of Jesus
Minister of Tolerance Sheikha Lubna al-Qasimi said the move reflected Sheikh Mohammed’s “pure humanity and portrays a bright image of the real tolerance and coexistence in the UAE,” Emirati news site Khaleej Times reported. The senior chaplain at …
( read original story …)
The Sustainable City: Is off-grid living the way forward for Dubai?
Sunshine city The Sustainable City’s 500 homes, located 18 miles from Dubai City, are powered by solar panels capable of achieving 10 mega-watts at their peak. Regional expert and author Jim Krane says Dubai’s “300-plus sunny days a year” make solar energy …
( read original story …)
Dubai Police rescue kidnapped woman in 2 hours
The Dubai Police rescued a 42-year-old woman in just two hours after she was kidnapped by two Asians who demanded a ransom of Dh50,000. Maj. Gen. Khalil Ibrahim al-Mansouri, Assistant Commander-in-Chief of Criminal Investigation Affairs at Dubai Police …
( read original story …)
Daimler, Saudi’s Kingdom Holding invest in ride-hailing firm Careem
have taken part in an $150 million investment in Dubai-based ride-hailing firm Careem. Venture capital firm DCM Ventures and hedge fund Coatue Management also took park in the Uber-rival’s fundraising, Careem said in a statement. Kingdom Holding …
( read original story …)
MIDEAST DEBT-Islamic finance industry frets as Dana Gas deems its sukuk invalid
Dana says won’t redeem $700 mln of maturing sukuk * UAE firm cites evolution of Islamic finance for move * Dana proposes new instruments with lower profit rates * Industry fears sharia risk could become “toxic” * Higher costs, delays in corporate sukuk …
( read original story …)
Third phase of Mohammed bin Rashid Al Maktoum Solar Park reaches financial close
The financing for Phase 3 of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai has been completed. This marks the latest significant milestone for the Masdar-led consortium, with EDF Group’s subsidiary, EDF Energies Nouvelles, which is developing the …
( read original story …)
Financial terms finalised for third phase of Dubai solar park
Masdar has secured financing for an 800 megawatt solar plant in Dubai. Abu Dhabi’s clean energy company, with partner EDF of France, said that it had reached financial close on Tuesday for the third phase of the Mohammed bin Rashid Al Maktoum solar park …
( read original story …)
UPDATE 1-Qatar National Bank sees no big deposit outflows
DUBAI, June 14 Qatar National Bank (QNB), the largest bank in the Middle East and Africa, has seen no significant outflows of deposits since a diplomatic rift started between Qatar and certain other Arab countries, it said on Wednesday. Last week …
( read original story …)
UAE Business Leaders, Almost Half Of All Your Employees Expect Pay Hikes In 2017
Close to 50% workers said they did not get a salary hike during 2016, according to 2017 Bayt.com Middle East and North Africa Salary Survey. More than half of workers in the UAE expect an increase in their pay packet this year, according to a survey.
( read original story …)
Dubai Properties breaks ground on Dubai’s newest marina
Launched by Dubai Holding and Dubai Properties Group in May 2016, the Dh1 billion mixed-use Marasi Business Bay is well on track to becoming the city’s most sought-after waterfront destination. Dubai Properties, a leading Dubai-based real estate master …
( read original story …)
Dubai property renter surprised by ‘random’ last-minute fee on three-bed villa
I am a US expat currently living with my family in a Jumeirah 3 villa, but we are planning to move to a villa in Barsha 1 at the end of June to be closer to the kids’ school. After an extensive (unsuccessful) search of properties listed in the area with …
( read original story …)
Dubai Properties breaks ground on Dubai’s newest…
Launched by Dubai Holding and Dubai Properties Group in May 2016, the Dh1 billion mixed-use Marasi Business Bay is well on track to becoming the city’s most sought-after waterfront destination. Dubai Properties, a leading Dubai-based real estate master …
( read original story …)