Dubai: Key solvency and liquidity indicators that demonstrate the resilience of the UAE’s financial system amid the COVID-19 pandemic remained robust according to the Central Bank of the UAE’s (CBUAE) …
( read original story …)
UAE central bank expects GDP growth as country recovers from COVID restrictions
The central bank of the United Arab Emirates said the country’s gross domestic product will grow 2.4% this year and 3.8% in 2022 as the economy recovers from restrictions imposed during the COVID …
( read original story …)
Red Bull Racing Honda F1 Show Car Comes to Town
F1 fans rejoice! Al-Futtaim’s Trading Enterprises, the exclusive distributor of Honda vehicles in the UAE, will be taking the RB16B Red Bull Racing Hond …
( read original story …)
Al-Madina opens two outlets in Dubai’s Jebel Ali
Al-Madina Group, a leading retail brand in the UAE and the region, has opened two new projects, Crown Mall and Mango Hypermarket, on Al Asayal Street in Jebel Ali Industrial Area-1. The opening of the …
( read original story …)
Central Bank of UAE’s Financial Stability Report finds financial system resilient
Dubai: Key solvency and liquidity indicators that demonstrate the resilience of the UAE’s financial system amid the COVID-19 pandemic remained robust according to the Central Bank of the UAE’s (CBUAE) …
UAE delivers 60,000 COVID-19 vaccine doses to Yemen’s strategic island: gov’t source
The United Arab Emirates (UAE) on Thursday dispatched a plane carrying a shipment of 60,000 COVID-19 vaccine doses to war-ravaged Yemen, a government official told Xinhua. The Emirates Red Crescent …
New evaluation criteria for CBSE Grade 12 results: What UAE school principals, students have to say
The CBSE had submitted its evaluation criteria for Class 12 results to the Supreme Court of India earlier in the day. The new evaluation criteria will take into account the performance of the students …
Dubai real estate market investments total $9.8bn so far in 2021
Dubai Land Department says property sector will witness ‘increased growth and a greater recovery’ as emirate prepares to host Expo 2020 …
( read original story …)
Dubai to increase clean energy capacity by 600 mw in 2021
Dubai is planning to add 600 megawatts of clean energy capacity in 2021 through new solar installations, National Associated Press Agency, ANSA quoting ‘the National’ as saying. The emirate will also …
( read original story …)
Sophos survey reveals UAE IT teams strengthened security skills during COVID-19
Most UAE IT teams that faced a rise in cyber-attacks during 2020 boosted their security skills and knowledge, according to Sophos’ latest survey …
( read original story …)
Abu Dhabi set to become first city to receive new Covid treatment drug
Department of Health – Abu Dhabi announces collaboration with drug maker GlaxoSmithKline to obtain the first shipment of Sotrofimap …
( read original story …)
Saudi Arabia dominates slow MENA IPO market in Q1
MENA IPOs lagged the global market in Q1, which was the best first quarter in terms of both deal numbers and proceeds for the 20 years …
( read original story …)
Meet the Paytm ‘mafia’ who have set out to carve their own path
There is something about Paytm. The Indian multinational technology company has encouraged the spirit of entrepreneurship, pushing its team members to think big and out of the box. The outcome is …
( read original story …)
India’s entrepreneur Nikhil Kamath strikes gold with Middle East investors
True Beacon Global, Kamath’s new international fund, sees a 20 percent month-on-month jump in investments from the region …
( read original story …)
UAE central bank raises benchmark interest rate in step with Fed
The United Arab Emirates central bank raised its key overnight interest rate by 5 basis points on Thursday, in step with a similar move by the U.S. Federal Reserve a day earlier. DUBAI, June 17 …
( read original story …)
Investor sells $300 mln worth of shares in UAE’s ADCB -term sheet
An undisclosed investor has sold 1.1 billion dirhams ($300 million) worth of shares in Abu Dhabi Commercial Bank (ADCB.AD), United Arab Emirates’ third-biggest lender, a term sheet seen by Reuters …
( read original story …)
UAE Central Bank raises interest rate by 5bp after US Fed move
Dubai: The UAE Central Bank has raised the base rate on the Overnight Deposit Facility (ODF) by 5 basis points from Thursday (June 17). This decision was taken following the US Federal Reserve Board’s …
( read original story …)