Latest Dubai News
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Dubai Chamber spearheads Give Gain Day Dubai
WAM DUBAI, 18th May, 2013 (WAM) -- The Dubai Chamber of Commerce and Industry's "ENGAGE Dubai" initiative, managed by its Centre for Responsible Business, spearheaded the Give '&' Gain Day Dubai on May 16th. The largest and most prestigious employee volunteering programme in Dubai joined thousands of global employees to lend a helping hand in promoting youth, ...
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Ajman Ruler offers AED 3m to Ajman Club for winning Etisalat Cup
WAM AJMAN, 19th May, 2013 (WAM) -- H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council member and Ruler of Ajman, has offered a bonus of AED 3 million to Ajman Culture and Sports Club for winning the Etisalat Emirates Cup 2012 - 2013. Sheikh Humaid today welcomed the Chairman and members of the club's board, its technical and administrative bodies and the first team to congratulate ...
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Rising Dubai land values boost worth of Kuwaits IFA
Rising Dubai land values helped the Kuwaiti resort developer IFA Hotels & Resorts almost double the value of its investment portfolio during the first quarter of the year. The company, which owns the recently opened Fairmont on the trunk of the Palm and the under- construction Kingdom of Sheba hotel on the crescent, said the value of the resorts it owns increased from 30.5 million Kuwaiti ...
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Emirates Road in Dubai partially closed after lorry catches fire
DUBAI // Emirates Road was partially closed today after a six-wheel lorry caught fire. Dubai Police said that the road, previously known as the Dubai-bypass road, towards Abu Dhabi, was closed at around 1pm, shortly after the lorry caught fire near to Al Qudra interchange. A police spokesman said the fire was due to an "electrical failure" in the vehicle, but would not elaborate ...
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American University in Dubai to offer scholarships worth Dh30 million
DUBAI // American University in Dubai will be dolling out scholarships to the tune of Dh30 million this year, its governing board has announced. At the bi-annual meeting to discuss future plans and expansions of the university, the board said it was their aim to reward excellence by enrolling top high school students from around the world. Students have been invited to apply for the Sheikh ...
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Las Vegas Dubais brash cousin in the American desert
Las Vegas and Dubai. From the Bellagio fountain, bright lights and top-notch hotels, Vegas is a top destination for not only pleasure, but business as well, playing host to some of the biggest conferences and conventions in the world. As well as having thematic parallels, the cities overlap economically. The Nevada city's economy was hit hard by the recession and it lost out to cheaper ...
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Man on trial for kidnapping and blackmailing
A 50-year-old jobless Bangladeshi allegedly kidnapped and confined a compatriot, identified as SH, in a building under construction and robbed his mobile phone, the Dubai Criminal Court heard. JKL, along with others who have already been convicted and some others who are still at large, is also accused of blackmailing another man identified as RAM and threatening the victim’s brother ...
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Commercial Bank of Dubai to complete live deployment of Misys’Trade Finance system
Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, has become the first bank in the Middle East and North Africa region to implement Misys’ trade finance system on Software as a Service (SaaS) model. Notably, CBD’s initiative will be the first deployment of a trade finance solution on the SaaS model for a major bank in the region. CBD plans to extend its ...
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GCC interior spending to grow 28 to $9.2bn
GCC projects spent $7.2bn on interiors and fit-outs in 2012 and expects spends to increase by more than a quarter (28 per cent) to $9.2bn in 2013, said Index International Design Exhibition and The Office Exhibition, the Middle East and North Africa’s largest and longest running interior design and fit out exhibition. The report included an analysis on the four pillars of the real estate ...
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1 in 3 UAE women at risk of bone disease
One in three women in the UAE over the age of 50 is prone to fractures incurred through osteoporosis and could experience osteoporotic fractures, doctors said. "Affecting more than 200 million women across the world each year, the only cure for osteoporosis is prevention. Key step towards the prevention of osteoporosis is to take regular bone scans. This painless ultrasound assessment ...
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Abu Dhabi Excellence Award adopts new categories
The General Secretariat of the Executive Council of the award on Sunday called on all government entities to benefit from the criteria being adopted as the new structure considers Abu Dhabi government’s trends, meeting the best international standards to spread the concept of excellent ...
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Loan suppression leads to problems
I took a Top Loan from HSBC in January of 2007, which gave me 72 months to repay it. The last payment date should have been January 1, 2013, but I took a three-month loan suppression, which is why my tenure was extended for an additional three months. My last payment was made on March 9, but the bank has taken more than my monthly payment of Dh2,746. Instead they took Dh7,150.88. I had visited ...
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Boom time for Abu Dhabi and Dubai stock exchanges
UAE markets continued their strong performance in April with Abu Dhabi 8 per cent higher and Dubai up 17 per cent. According to World Equity Index Rankings by Bloomberg, as of the end of last month, Dubai - 32 per cent higher - is ranked second and Abu Dhabi - 24 per cent higher - is ranked fifth among primary world indexes by United States dollar adjusted year-to-date performance. Average ...
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First prize in entrepreneurs contest is four months in Dubai
Why would the world's third- largest port operator set up a seed accelerator programme to encourage entrepreneurship around the world? Because last month, Dubai's DP World did just that. There are two reasons for the creation of the Turn8 programme, according to Yousif Al Mutawa, DP World's chief information officer. First, while the ports business hasn't really evolved ...
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Dubai Metro carried 33.3m commuters in Q1 2013
During the first quarter of 2013, Dubai Metro achieved a significant increase in the number of commuters carried compared to the same period last year, as the use of both Red and Green lines has increased with over 33 million passengers from January to March 2013. Adnan Al Hammadi, Chief Executive Officer of the Rail Agency, Road and Transport Authority, stated that this year has seen growth ...
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170 arrested in Sharjah for illegal activities
The UAE Interior Ministry has arrested 170 people in Sharjah for violating the country’s residency rules. 100 people were held for hawking on the street, 53 for entering the country illegally and 17 for working for employers other than their sponsors. Brigadier Dr Abdullah Ali bin Sahoo, Director of Residency and Foreigners Affairs in Sharjah, said the arrests were made during a ...
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Mangroves integral to UAE’s sustainable ecosystem Masdar Institute
Masdar Institute of Science and Technology, an independent research-driven graduate-level university focused on advanced energy and sustainable technologies, has announced that the mangroves of Abu Dhabi are crucial to the very concept of sustainable development and commended the efforts of various organizations towards preserving one of the rare natural resources of the UAE. As part of its ...
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Parking chaos frustrates motorists
For all of these businesses and homes there is an open area at the rear of the centre for parking. However, the daily chaos in the area makes it extremely difficult to drive here and thus accidents are very common. I also work in this building and experience a great deal of frustration when trying to park, as no traffic rules are followed; only the ‘might is right’ rule seems to ...
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Dubai Metro Transports 33.3 Million People in Q1
During the first quarter of 2013, Dubai Metro managed to achieve a significant increase in the number of commuters carried compared to the same period last year, as the use of both Red and Green lines has increased with over 33 million passengers from January to March ...
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Mohammed bin Rashid briefed on Dubais Health Strategy
WAM DUBAI, 19th May 2013 (WAM) -- Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum today received insight into the four-pronged strategy of the Dubai Health Authority (DHA), which builds on Sheikh Mohammed's long-term sustainable development vision for promoting Dubai as a favourite destination for health tourism in the ...
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Students accused of devil worship acquitted
A Jordanian military tribunal acquitted five university students of incitement charges on Sunday levelled over accusations they had engaged in "devil worship" and desecrated the Holy Quran, a court official said. "The court declared the students innocent and ordered them freed for lack of evidence," the official told AFP, without elaborating. The students from Al ...
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Slim-trim Aishwarya Rai begins work at Cannes Aaradhya nowhere
Bollywood diva Aishwarya Rai Bachchan shot a promotional film at Cannes Film Festival on May 18 with Hollywood star Jane Fonda and two other L’Oreal brand ambassadors – Leila Bekhti and Paz Vega. She arrived at Cannes a day earlier with her 18-month-old toddler girl Aaradhya. But during the day time when mummy Aishwarya is busy working little Aaradhya is no where to be seen. ...
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Plane crashes at Turkish airshow pilot killed
ANKARA, Turkey: Turkey's state-run news agency says a jet has crashed during an airshow in southern Turkey, killing its pilot. The Anadolu Agency says there were no other casualties in Sunday's crash in the southern city of Adana. There was no immediate information on the plane's type. The agency says the airshow was part of public holiday festivities marking the 94th anniversary ...
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Man commits suicide in Sharjah
Sharjah: An Asian man has reportedly committed suicide at his accommodation in Sharjah, an official at the Sharjah Police told Gulf News ...
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AUD approves Dh30m in scholarships
Commenting on the new scholarship budget, Dr Stephen Franklin, chairman of the AUD Governing Board, stated: "As for providing Dh30 million in scholarships for this academic year, it is yet another testimony to AUD's commitment to cultivate and reward excellence by enrolling top high school students from around the ...
Dubai In-Depth
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Olympics may be Dubai's next goal
Dubai is famous for being ambitious, sometimes to its detriment, but mostly to its advantage. It was ambition that made it the city the way it is now. For some, the recent announcement of a possible Olympic bid may seem overly optimistic, but what are Dubai’s chances realistically?
Dubai does nothing half-heartedly. Fifteen years ago, Dubai was just another city in the Gulf, there was nothing particularly special about it, apart from the fact that, for western workers, it was an attractive location because of the lack of income tax, but this it had in common with many other GCC cities. Read more
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