The Islamic Development Bank has listed a $1.25 billion sukuk on Nasdaq Dubai, the region’s international financial exchange. It is the seventh sukuk listing on the exchange by the IDB, making it the largest sukuk issuer on Nasdaq Dubai at $8.55 billion. Altogether, Nasdaq Dubai has 56 sukuk listings totalling $43.96 billion, making it the largest exchange in the world for Sukuk by value. Based in Saudi […]
It is official – Justin Bieber is coming to Dubai next year. After a week of rumours and uncertainty, concert promoters 117Live confirmed they will bring the 22-year-old Canadian pop star to Dubai’s Autism Rock Arena on May 6. Fans can preregister now for tickets at www.117live.com, and the date they will go on sale will be announced soon. Travel and hotel packages will also be announced […]
11 December 2016 Dubai-UAE – National Bonds Corporation (National Bonds), the leading sharia-compliant savings and investments company in the UAE, has launched its Prestige wealth management program for the benefit of high net-worth customers that total more than 11,000 of the company’s 817,000 client base. National Bonds announced the program at a special gala dinner at the Ritz Carlton in Dubai International Financial Center (DIFC). Attended by guest […]
11 December 2016 Dubai: Dubai SME, the agency of the Department of Economic Development mandated to develop the Emirate’s small and medium enterprise (SME) sector, and Al Tamimi & Company, the largest law firm in the Middle East which specialises in patents and innovations, have signed a memorandum of understanding (MoU) to support entrepreneurial innovations and patents. The MoU reflects both parties’ commitment to achieving the UAE’s vision […]
Casual observers of Indian cinema might be unaware of the reasons why Rekha, an actress who dominated Bollywood during the 1970s and 1980s, dropped out of the public eye and became a semi-recluse. She rarely grants interviews or attends show business events. The chance to see her in public last week, when she attended the opening of the 13th Dubai International Film Festival on Wednesday and collected […]
DUBAI // Dubai has invested Dh120m in 19 projects in the first stage of the emirate’s Future Accelerators Programme, which ended on Sunday. The investments are in projects in education, health, infrastructure, transport, technology, energy, and security. Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, is “leading a government system that encourages unconventional thinking to achieve unprecedented results”, said Mohammed Al Gergawi, managing director of […]
Developers behind a $190.5 million affordable housing project in Dubai have announced that 50 percent of its second phase of homes have been sold within a week. MAG 5 Property Development, a real-estate company formed jointly by MAG Property Development and MBM Holding, announced the sales success for its MAG 5 Boulevard project at Dubai South. This is the first community project developed by MAG 5 Property […]
Luke Hemsworth has just played a prominent part in one of the TV events of the year – Westworld, HBO’s TV adaptation of Michael Crichton’s 1973 techno-noir thriller movie. The sci-fi drama is about an amusement park populated by lifelike robots who start to develop consciousness and become self aware. The show takes the basic idea behind Crichton’s film – robots run amok at a theme park […]
11 December 2016 Dubai, UAE, Azizi Developments – a leading UAE-based real estate developer with global reach into international markets – culminated the year with an annual gala event to celebrate the success with its valued real estate agents at Jumeirah Zabeel Saray on December 8th. More than 450 brokers attended the event organised at a panoramic sea view, luxury resort with plush décor and gala arrangement […]
Dubai’s only listed crude shipper has announced plans for a major expansion of facilities in the northern Emirates including a new ship building and repair yard. Gulf Navigation said in a statement that it is starting studies for the expansion, known as the GNH Northern Project. The plan will include ship building, ship repair and offshore platforms, equipment and services, logistics, marine specialised operations and global mobile […]
DUBAI Iran may spare the life of businessman Babak Zanjani, sentenced to death for fraud, if he can pay back large sums he owes to the government for oil sales despite sanctions, a judiciary spokesman said on Sunday. Earlier this month, Iran’s supreme court upheld the death penalty against Zanjani, accused by prosecutors of owing the government more than $2.7 billion for oil sold on behalf of […]
More than ever before, these articles pulled the curtain back on how an estimated $100 billion in undeclared money has been siphoned from Canada into offshore tax havens. Since the first investigations were published, the federal government has invested almost $500 million in the Canada Revenue Agency aimed at tougher tax enforcement, launched investigations into 85 Canadians identified in the Panama Papers and compelled banks to divulge […]
DUBAI Iran Air said it signed a deal on Sunday to buy 80 passenger planes from U.S. aircraft maker Boeing (BA.N), state news agency IRNA reported. The agency quoted Farhad Parvaresh, the head of the country’s flag carrier, as saying that the 10-year deal included 50 Boeing 737 aircraft and 30 777 planes. (Reporting by Dubai newsroom; Writing by Sami Aboudi; Editing by Andrew Heavens) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); […]
Dubai Investments, part owned by sovereign wealth fund Investment Corp of Dubai, plans to close a 1.1 billion dirham ($299.52 million) loan by Dec. 31, its chief executive said on Saturday. United Arab Emirates banks First Gulf Bank (FGB) and Abu Dhabi Commercial Bank have been mandated for the loan, Khalid Bin Kalban told reporters in Dubai. The loan will be used to build a residential project […]
10 December 2016 Dubai, United Arab Emirates: The Dubai Health Authority’s Health Funding Department, has introduced eAuthorization for insurance claims, said a top health official. From January 2017, the health sector will move to an electronic authorization process for insurance claims. The move means that beginning next year insurance claims that need approval will be processed online in real time, making the process quicker and more convenient […]
DUBAI // Talent should be nurtured and given a greater value than grades achieved in higher education, experts say. “Talent is often overlooked by outdated grading rubrics, innovation pushed aside by memorisation exercises, and students are often not given the time to find out what they truly love to do,” said assistant professor Dr Franziska Apprich, of the Canadian University Dubai. “Not every A-plus student will be […]
British actor Bill Nighy walked the red carpet at the Dubai International Film Festival on Friday night at a gala screening of his latest movie, the Second World War drama Their Finest. But with the fifth film of the Underworld franchise still in local cinemas, and given that he played Vampire elder Viktor earlier in the series, it seems his mind was at least partly on all […]
DUBAI // Ten years ago, divers off the UAE coast revelled in regular sightings of many shark species. But overfishing and a demanding market in Asia for shark fins have put that number in decline, to the point of extinction in many cases. Conservationists hope they can help to halt that decline with a film festival in Dubai educating people about the important role sharks play. The […]
10 December 2016 Dubai, United Arab Emirates: The Dubai Health Authority has launched a medical complaints portal, said a top health official. The move from manual to an electronic complaints system will further enhance efficiency and is applicable for patients within the country and medical tourists. Dr Layla Al Marzouqi, Director of Health Regulation and Dubai Medical Tourism Project at the DHA, said: “We already have a […]
Actor Samuel L Jackson. Courtesy GCA Dubai’s Kris Fade. Courtesy GCA Producer Stephen Woolley. Courtesy GCA Actor Bassem Samra, left. Courtesy GCA Actor Bill Nighy. Courtesy GCA Television host Giuliana Rancic. Courtesy GCA Director Ali F Mostafa and his wife. Courtesy GCA Actor Ranveer Singh. Courtesy GCA Bill Nighy. Courtesy GCA Actress Olga Kurylenko. Courtesy GCA Source link
Your daily guide to community and cultural activities across the Emirates for December 11, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Kids’ camp Register your children, ages 7 to 18, for the ZSC Academy Tennis Camp, led by highly qualified coaches. Intermediate- and higher-level players can keep on top of their game this […]
10 December 2016 Dubai, UAE: Dubai Electricity and Water Authority (DEWA) has reached financial closure for the 2,400MW Hassyan clean coal power project. The project uses the Independent Power Producer (IPP) procurement model on a Build Own Operate (BOO) basis and is supported by a 25-year Power Purchase Agreement (PPA) with DEWA. Last June, DEWA signed the PPA, Shareholders Agreement (SHA), and other project agreements with the […]
DP World has said work will start next year to improve facilities for cruise liner tourists docking in Dubai as part of plans to attract 20 million visitors annually by 2020. The operator of Rashid Port said work will start to connect cruise terminal 2 and 3 with a 465-metre bridge while the number of quays will be increased. The company added that the current quays will […]
ABU DHABI // The health and welfare of new mothers and their babies are being neglected because essential postnatal care and attention to their overall wellbeing are not available, specialists say. Expatriate mothers in particular lack support at a critical time in their child’s development, as their families are usually overseas. Dr Muhaj Al Shaikhli, consultant gynaecologist at Burjeel Hospital, said some services were offered in Dubai […]
