News related to UAE News

Dubai and London: How yields lead investment opportunities

UAE. In times of economic uncertainty, cold-hearted international investors seek more diversification of their property portfolios; as London provides opportunity for property capital appreciation with prices continuously on the rise in the last five years, reasonable prices and growing yields in Dubai market make an equally attractive income generating opportunity. Mutual InterestFor Middle Eastern investors, London has always been regarded as a strong investment complementary to their […]

October 04

Workers and employers praise UAE labour law reforms

ABU DHABI // New reforms to the Labour Law were welcomed by expatriate workers and bosses. The changes will come into force from January 1 through three decrees, the Ministry of Labour said. The main goal is to ensure transparency and compliance in matters related to labour contracts, including terms of termination. Emirati businessman Sanad Al Meqbali said the new laws would benefit both the employer and […]

September 30

Sheikha Fatima helps fund London-based Zayed Centre for Research

The world’s first purpose-built centre for paediatric research on rare diseases was named after the founding father of the UAE, Sheikh Zayed, on Monday. The Zayed Centre for Research into Rare Disease in Children was facilitated by a gift of £60 million (Dh335 million) by Sheikha Fatima bint Mubarak, the wife of the late Sheikh Zayed who is also Chairwoman of the General Women’s Union, Supreme Chairwoman […]

September 29

Featured

Dubai housing cost hits expat lifestyle

While Dubai continues to pump out sumptuous new apartment blocks, for a rising number of expatriates the city no longer offers the luxury lifestyle that lured many foreigners to the Gulf. A shortage of affordable homes and a reduction in overseas allowances since the financial crisis are pushing foreign staff on middle incomes out to less glamorous areas of the city far from the office, or to […]

September 27

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The Gulf: Not all that's gold glitters

INTERNATIONAL. Gleaming glass skyscrapers, state-of-the-art technology, and wealthy merchant families have replaced the Gulf’s muddy towns and villages populated by traders and pearl fishers that once lacked electricity, running water or modern communications. The region’s modern day projection of a visionary cutting- edge, 21st century urban environment masks however the fact that some things have not changed. Gulf states continue to be ruled by the same families, […]

September 25

Thousands of UAE pilgrims escape Haj stampede

ABU DHABI // Thousands of UAE pilgrims escaped a stampede near Mecca on Thursday that claimed the lives of hundreds on the first day of Eid Al Adha. Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, sent a cable to King Salman of Saudi Arabia expressing condolences and sympathy for the victims of the stampede. UAE pilgrims were […]

September 24

ADIBâ€™s $137m rights issue oversubscribed 3 times

Abu Dhabi Islamic Bank (ADIB) has raised Dh504 million ($137 million) in its rights issue, which was nearly three times oversubscribed with Dh1.46 billion in subscriptions received. The rights issue, the first tradable rights issue for a bank in the UAE, forms part of the comprehensive capital plan to support ADIB’s strong growth plans. Following the close of the subscription period on September 10, all 168 million […]

September 22

Schools in Aden open their doors again with help from UAE

ADEN // With the help of the UAE, 33 schools in Aden were reopened on Sunday, after the Emirates Red Crescent rebuilt more than 154 schools in the Yemeni southern port that were damaged or destroyed in fighting with the Houthi rebels. Dr Mohammed Atiq Al Falahi, secretary general of the ERC, said that all of Aden’s students would be able to return to school after the […]

September 21

Featured

No plans to drop dollar peg

The United Arab Emirates has no plans to abandon the currency’s peg to the dollar, central bank Governor Mubarak Rashed Al Mansoori said. “The dirham peg to the US dollar has served the UAE well over time,” Al Mansoori said in an e-mailed answer to Bloomberg News questions. The central bank “maintains a firm commitment to the peg.” Investors have increased bets that the six Gulf Cooperation […]

September 20

Most Powerful Arab Women 2015: Laying the foundations for future generations

UAE. Forbes Middle East has unveiled the names of its Most Powerful Arab Women for 2015 at a glittering awards ceremony that shone a light on some of the region’s most influential and accomplished leaders. The impressive event recognized the achievements of women in reaching the top of their fields in business and government and, in doing so, working towards a fairer and more equal working environment […]

September 19

Dubai Health Authority awards $6.5m contracts to SMEs

The Dubai Health Authority has awarded contracts worth Dh24 million ($6.5 million) to Emirati entrepreneurs in the last three and a half year, falling under the small and medium enterprise (SMEs) classification, according to a top officials. Eman Khalfan Al Jallaf, director of purchasing and contracts department at the DHA, said that in line with the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime […]

FERG ramps up awareness strategy against cybercrime

The UAE’s Foreign Exchange and Remittance Group (FERG), comprising of businesses engaged in money exchange and remittances in the country, has ramped up its awareness strategy to combat cybercrime. The strategy focuses on disseminating information to member exchange houses to combat cybercrime activities costing the global economy over $110 billion every year, said a statement. Rajiv Raipancholia, FERG secretary and Orient Exchange’s chief executive officer, said: “Not […]

Du launches 4 new basic TV packages

Leading telecommunications operator du has launched its all new Basic TV packages aimed at delivering specific customer needs, by launching four unique language based packages. It includes South Asian, French, English and Arabic, aimed at enhancing its TV customers’ experience by offering them the option to subscribe to one or more of these packages from just Dh39 ($10.6)per month, said a statement. The four new packages offer […]

Business activity growth in Dubai's private sector strengthens, as new business expands at fastest rate since March

UAE. Latest business survey data pointed to a robust and accelerated expansion in Dubai’s private sector output during August. Furthermore, the rate of business activity growth was the fastest seen since May, with all three monitored sub-sectors reporting stronger output growth in the latest survey period. The rebound in activity growth was underpinned by a stronger expansion in new business, which increased at the strongest rate in […]

UAE rallies to support families of fallen Emirati soldiers

ABU DHABI // As Sheikh Mohammed bin Zayed continued to meet the families of the 45 servicemen who were killed in Yemen one week ago, charitable organisations and leaders have offered to provide support to their families. Sheikh Mohammed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, met bereaved families in Fujairah and Ras Al Khaimah. And, in the capital, Sheikh Rashid […]

Thousands turn out to pay respects to UAE’s fallen soldiers

ABU DHABI // Some had never met them personally, others did not even know their names, but this did not stop thousands turning out for the funerals of two of the fallen servicemen. On Saturday at Bani Yas Cemetery, the services took place for Mohammed Al Hosani and Mohammed Khalid, two of the 45 soldiers killed in the Yemen rocket attack. Mohammed Al Mazroui attended the funeral […]

September 06

UAE aid helps rebuild shattered lives in Aden

Aden // Residents of Aden are slowly getting their lives back on track thanks to thousands of tonnes of UAE aid being distributed across the city. The historic port was left ravaged after it was attacked and occupied by Houthi rebels from northern Yemen. Many from Aden fled to other parts of the country or overseas to escape the fighting. Those that remained have faced a breakdown […]

August 25

Xpress Money launches cash back scheme

Xpress Money, a leading global money transfer brand, has launched its Xpress Money Rewards Program, which provides customers a guaranteed cash back, each time they transact with Xpress Money. Customers who enrol for the program get an instant advantage of Dh5 cashback on their very first transaction and will continue to get Dh2 cashback for all subsequent transactions. Customers can also earn Dh1 on each transaction done […]

August 21

How UAE residents plan to curb fuel consumption following price hike revealed

DUBAI // Drivers are sharing cars, using public transport and even moving house in response to this month’s increase in petrol prices, a survey suggests. Nearly one in five would consider car pooling or using school buses, and nearly a quarter would use public transport more often. One in five intend to reduce their commute by moving to a home closer to work or to public transport […]

August 20

EY acquires Seren to meet demand in Mena

EY, a leader in assurance, tax, transaction and advisory services, has acquired Seren, an international digital consultancy based in the UK with a significant footprint in the Middle East and North Africa (Mena) region. Seren has been working closely with governments, banks and media organisations in the Mena region to drive digital business transformation through a customer-centred approach to design, said a statement. Gerard Gallagher, Mena advisory […]

August 20