Abu Dhabi index leads regional losses on selling in banks

Dubai: The Abu Dhabi index fell more than 1.5 per cent weighed by selling in First Abu Dhabi Bank and Aldar Properties. The Abu Dhabi Securities Exchange closed 1.65 per cent lower at 4,427.30. First Abu Dhabi Bank closed 3.65 per cent lower at Dh10.55 ... ( read original story ...)

Dubai property marketing permit procedures must be followed

I have a question with regards to the new law recently introduced, mandating that real estate brokers must now obtain a permit prior to advertising any property for rent or sale. Furthermore, my understanding is that the broker must submit a copy of the ... ( read original story ...)

ADX hosts six AGMs using blockchain technology

Dubai: The Abu Dhabi Securities Exchange (ADX) recently held annual general meetings (AGMs) for six listed companies (two private joint stock companies and four public joint stock companies) using Blockchain technology. The move enhanced transparency and ... ( read original story ...)

UAE-backed forces gain control over Aden airport

SANAA, Yemen – Yemeni security officials say that forces backed by the United Arab Emirates have taken over the airport in the southern city of Aden, further fueling tension between internationally recognized President Abed Rabbo Mansour Hadi and the UAE. ( read original story ...)

Canadian Solar to supply panels for Dubai project

More than 800,000 solar panels will be needed to complete the first wave of the Masdar-led project to build the third phase of the Mohammed bin Rashid Al Maktoum solar park in Dubai. Canadian Solar this month began production and shipping of the 22,000 ... ( read original story ...)

UAE banking sector crisis: 3,000 jobs cut

*UAE banks counting the cost of weakening economy and competitive market The banking sector in the country has been in a state of upheaval over the past 12 months after 3,000 jobs were slashed in the UAE’s two main cities, Abu Dhabi and Dubai. ( read original story ...)

Dubai unveils strategy to fight cyber threats

Dubai: The Dubai Cyber Security Strategy was launched on Wednesday to strengthen Dubai’s position as a world leader in innovation, safety and security and manage cyber security risks among establishments and residents in Dubai. The strategy was launched ... ( read original story ...)

57% of UAE residents expect spending hike during Ramadan

Dubai: Despite assurances that retailers will slash the prices for basic essentials during Ramadan, the majority of residents in the UAE are still anticipating an increase in household spending throughout the fasting period, a new survey suggests ... ( read original story ...)

Worshippers get parking relief near mosques in Dubai

Dubai: Worshippers rushing to the mosques following iftar can breathe a sigh of relief as they get a grace of 45 minutes from the time of Maghrib Azaan (dusk prayers), Gulf News can confirm. A Roads and Transport Authority (RTA) spokesperson told Gulf News ... ( read original story ...)

UAE witnesses trafficking trend of liquid cocaine

Dubai: The UAE has identified a new trend for trafficking drugs in the form of liquid cocaine, according to an Interpol report published on Tuesday. Operation Lionfish – ASEAN, which involved more than 2,000 police and customs officials across 14 ... ( read original story ...)