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  • IPL6 SRH v KKR live cricket score Kolkata set Hyderabad target of 131

    Business 247 - Sunday 19th May, 2013

    Dhawan and Patel come out to the middle as Sunrisers chase target of 131 to qualify for the play-offs. A belligerent unbeaten 49 from Yusuf Pathan helped Kolkata Knight Riders reach 130-7 after opting to bat first. Kolkata struggled against some disciplined bowling from Hyderabad. Gambhir was run out after a mix-up with Kallis laboured to 24 off 29 balls before falling to Steyn. ...

  • 15 rise in weekly flights planned at Abu Dhabi airport

    Business 247 - Sunday 19th May, 2013

    Abu Dhabi Airports Company (Adac) today announced that airlines from around the globe will be increasing their weekly number of flight departures and arrivals at Abu Dhabi International Airport during the coming months. This summer, Abu Dhabi International Airport expects to receive 1,065 flights a week, a 15 per cent increase compared to the 956 weekly flights during the summer months of ...

  • On-the-spot Dh500 fine for barbecuing on Sharjah beaches lagoon and parks

    Business 247 - Sunday 19th May, 2013

    Visitors to Mamzar Beach in Sharjah are urging the municipality not to fine them for barbecuing in prohibited areas of the beach without prior warning, according the ‘Al Ittihad’ newspaper. Sharjah Municipality recently launched a campaign against barbecuing in prohibited areas by fining violators Dh500 which beachgoers say is high. However, some residents of the area urged the ...

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  • UAE economy grows at fastest rate since 2006

    General Sources - Sunday 19th May, 2013

    * Oil sector, Dubai revival help lift growth in 2012 * Growth in real estate doubles * Capital formation quickest since 2008 * GDP growth seen slowing in 2013 (Adds details, analysts comments, background) By Martin Dokoupil DUBAI, May 19 (Reuters) - Economic growth in the United Arab Emirates accelerated to 4.4 percent in inflation-adjusted terms in 2012, the fastest clip since ...

  • Dubai Chamber spearheads Give Gain Day Dubai

    WAM - Sunday 19th May, 2013

    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, ...

  • Abu Dhabi Airport to see active movement in summer

    WAM - Sunday 19th May, 2013

    WAM ABU DHABI, 19th May 2013 (WAM) -- Abu Dhabi Airports Company (ADAC) today announced that airlines from around the globe will be increasing their weekly number of flight departures and arrivals at Abu Dhabi International Airport during the coming months. This summer, Abu Dhabi International Airport expects to receive 1,065 flights a week, a 15% increase compared to the 956 weekly flights ...

  • Ajman Ruler offers AED 3m to Ajman Club for winning Etisalat Cup

    WAM - Sunday 19th May, 2013

    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 ...

  • Rising Dubai land values boost worth of Kuwaits IFA

    The National - Sunday 19th May, 2013

    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 ...

  • Emirates Road in Dubai partially closed after lorry catches fire

    The National - Sunday 19th May, 2013

    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 ...

  • American University in Dubai to offer scholarships worth Dh30 million

    The National - Sunday 19th May, 2013

    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 ...

  • Las Vegas Dubais brash cousin in the American desert

    The National - Sunday 19th May, 2013

    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 ...

  • UAE condemns Iranian threats to Bahrain after top Shiite leaders house is raided

    The National - Sunday 19th May, 2013

    ABU DHABI // The UAE today condemned Iranian threats to Bahrain, calling them unIslamic and urging Iran to reconsider its approach to the Arabian Gulf region. Foreign Minister Sheikh Abdullah bin Zayed, said that the comments made by the Iranian deputy foreign minister, Hossein Amir-Abdollahian, on Saturday warning the Bahraini leadership "not to pass the redline of the Muslim ...

  • Etihad Airways acquires Abu Dhabi airport service firms

    The National - Sunday 19th May, 2013

    Etihad Airways has acquired the three main ground handling companies of Abu Dhabi International Airport. The companies, which handle in-flight catering services, ground handling and cargo operations, are being incorporated, subject to regulatory approvals, into Etihad Airport Services, a unit of Etihad Airways. It comes as Abu Dhabi Airports Company ...

  • Commercial Bank of Dubai to complete live deployment of Misys’Trade Finance system

    Business 247 - Sunday 19th May, 2013

    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 ...

  • Sultan restructures Sharjah Charity Board

    Gulf News - Sunday 19th May, 2013

    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 ...

  • Loan suppression leads to problems

    Gulf News - Sunday 19th May, 2013

    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 ...

  • Boom time for Abu Dhabi and Dubai stock exchanges

    The National - Sunday 19th May, 2013

    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 ...

  • First prize in entrepreneurs contest is four months in Dubai

    The National - Sunday 19th May, 2013

    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 ...

  • Dubai Metro carried 33.3m commuters in Q1 2013

    Business 247 - Sunday 19th May, 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 ...

  • 170 arrested in Sharjah for illegal activities

    Business 247 - Sunday 19th May, 2013

    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 ...

  • Parking chaos frustrates motorists

    Gulf News - Sunday 19th May, 2013

    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 ...

  • Dubai Metro Transports 33.3 Million People in Q1

    Dubai Chronicle - Sunday 19th May, 2013

    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 ...

  • Mohamed bin Zayed assigns Al Qubaisi to run Abu Dhabi Housing Authority

    WAM - Sunday 19th May, 2013

    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. ...

  • Mohammed bin Rashid briefed on Dubais Health Strategy

    WAM - Sunday 19th May, 2013

    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 ...

  • Man commits suicide in Sharjah

    Gulf News - Sunday 19th May, 2013

    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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