Latest UAE News
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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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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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Sultan restructures Sharjah Charity Board
Sharjah: His Highness Dr. Shaikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, yesterday issued a resolution restructuring the board of Sharjah Charity ...
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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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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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Mohamed bin Zayed assigns Al Qubaisi to run Abu Dhabi Housing Authority
WAM ABU DHABI, 19th May, 2013 (WAM) -- His Highness General Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in his capacity as Chairman of Abu Dhabi Executive Council, has issued a resolution assigning Saif Badr Al Qubaisi to take on the responsibilities of the Director of the Abu Dhabi Housing Authority. ...
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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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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 ...
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IIF sees robust growth and progress on diversification in GCC
The Gulf Cooperation Council (GCC) countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE, registered an average growth of 5.8% in 2012. Growth is projected to moderate to 3.8% in 2013, due to flattening crude oil production. Growth of nonhydrocarbon sector, more representative of economic activity, is forecast to stay robust at around 5% this year, said the Institute of ...
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MAF Dalkia inks deal with TDICs Eastern Mangroves development
MAF Dalkia, a regional specialist in providing multi-technical and energy management services, has been selected by Tourism Development Investment Company (TDIC) to support Abu Dhabi's exclusive mixed-use development - the prestigious Eastern ...
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Seychelles tourism development through inbound investment from UAE
Video: The importance of inbound investment from the UAE into the Seychelles is significant with both Emirates Airline and JA Resorts opening hotels on the islands. Phil Blizzard spoke to Alain St.Ange, Minister of Tourism & Culture, Republic of Seychelles about their development strategy as well as some of their key tourist attractions and ...
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Dubai Government Workshop partners with Arabian Automobiles
The Dubai Government Workshop has selected Arabian Automobiles to service their fleet of approximately 3500 Nissan vehicles at the Arabian Automobiles exclusive 24/7 fleet service center in Al Aweer. The ‘Business and Technical Cooperation Agreement’ was signed between Workshop Executive Manager, Humaid Sultan Al Mutaiwei, and Arabian Automobiles CEO, Michel Ayat at a ceremony held ...
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Interviews Fairmont President New Hotels For UAE And GCC
Hotels in Ajman, Fujairah and the delayed resort in Abu Dhabi will open alongside new projects in Riyadh and ...
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UAE businesses confident about 2013 growth
A view from Dubai Creek. Dubai Economic Department's latest business confidence survey reveals that UAE businesses are confident of achieving continued 2013 growth as they head into the second quarter. ...
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Best bets UAE properties to look out for in 2013
"Although there's still a great difference between the overall markets in Dubai and Abu Dhabi, the capital is still pretty much in a downturn, even if it is starting to improve, whereas Dubai has seen 12-18 months of growth. Properties in both emirates have performed ...
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Wyndham Inks Deal in UAE
Wyndham Worldwide Corporation has announced plans to enter the United Arab Emirates with its first property in Dubai. The hotel group signed an agreement with Sigma III Limited, a subsidiary of British developer The First Group, to manage the 33-story Wyndham Dubai Marina, according to a company ...
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Abu Dhabi third trimester exams from June 9
In public schools, the G6-G9 examinations will begin on June 9 and end on June 16, while G10 and G11 Art and Science stream students will sit for exams from June 9 to June 17, Adec ...
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Dubai Women Establishment sign Memorandum of Understanding with The Protocol School of Washington
WAM Dubai, 19 May 2013 (WAM): Dubai Women Establishment (DWE) and The Protocol School of Washington (PSOW) today signed a two-year Memorandum of Understanding (MoU), with a view to establishing programs that support and develop the vocational skills of women leaders, helping them to hone their capabilities and achieve greater personal and professional development. In line with Dubai Women ...
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150 UK financial advisers arrive in Abu Dhabi for Openworks major incentive
WAM ABU DHABI, May 19th, 2013 -- Some 150 financial advisers from the UK are in Abu Dhabi this week as part of a major incentive by Openwork - Britain's largest multi-tie mortgage and financial advice network, Abu Dhabi Tourism '&' Culture Authority (TCA Abu Dhabi) has announced. The four day incentive, which comes to the UAE capital with support from the Advantage Abu ...
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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