Tag Archives: UAE

With Eid Al Adha dominating the minds of most Middle East residents this week, the next five days will be quieter than usual in the UAE. That being said, it won’t stop the relentless churn of news from around the world, as US sanctions on both China and Russia finally …

In the past few days, floods in Kerala have become a cause of grave concern for UAE expatriates from the Indian state. For many, the weekend was spent watching news updates from Kerala while trying to reach their friends and family members in the state. Indian expatriates make up nearly …

The Sajaya Young Ladies of Sharjah (SYL) has announced a fully integrated three-month programme on space science and astronomy to be launched this September. Offering spaces to 20 women, the programme aims to build a generation of young women who are qualified to take up astronomy and space sciences as …

1. If the matter is about myself, I only discuss it with a colleague if I’d be comfortable with everyone in the organization knowing it. 2. If it’s about someone else, I only say it if I would also say it directly to the person I’m talking about. 3. If …

Leading money transfer, foreign exchange and payment solutions brands, UAE Exchange and Unimoni, have waived service fee on remittances to Kerala Chief Minister’s Distress Relief Fund in the wake of the catastrophic floods that has ravaged the Indian state of Kerala. The initiative which enables the global Indian diaspora to …

The Ministers of Finance of the UAE, Saudi Arabia and Kuwait on Wednesday reaffirmed their countries’ commitment to support the financial stability in Bahrain. In a meeting held in Manama, the finance ministers reiterated their support to strengthening the stability of public finances and the stimulation of Bahrain’s economic growth. …

The UAE has the most competitive economy in the Middle East and North Africa (Mena), says a new study from the World Bank Group and the World Economic Forum. The Arab World Competitiveness Report 2018, launched Tuesday in Dubai, ranked the UAE as the 17th most competitive country in the …

The UAE Armed Forces have said that since April 2015 the UAE has trained and equipped about 60,000 Yemeni forces to fight Al Qaida in the Arabian Peninsula (AQAP) in order to restore peace, and rebuild and stabilise Yemen. Addressing a press conference in Dubai alongside UAE Minister of State …

Abu Dhabi-listed Eshraq Properties reported a first-half net profit of Dh14.8 million, compared to a loss of Dh0.32 million in the first half of 2017. The property firm said in a press statement that the new figures are their best half-year since the first half of 2014. In the second …

Two workers have been burnt to death inside an aluminium furnace in Jebel Ali on Monday, Gulf News has learnt. According to an Dubai Police official, they were alerted at 6pm, about the death of two workers inside a furnace in an aluminium company in Jebel Ali. The source said that …

The Emirates National Oil Company (Enoc) has cautioned residents over the latest scam making the rounds in the UAE. As part of the con, the scam artists sent out numerous emails to residents claiming that Enoc has updated its bank account details, and “advised that the bank details for the …

Mashreq’s commitment to innovation and a digital future is closely aligned to its strategy of investing heavily in all its people, and further developing the Emirati talent pool, Ashfaq Bandey, Vice President, Human Resources told Gulf News in an interview. The bank has embarked on a number of training initiatives …

It happened again today. I bought my lunch at an international hypermarket — I shall not say where. The cost was Dh15.30 and I gave the cashier Dh16. She gave me 50 fils in change. Where, I wondered, did the other 20 fils go? I am but a single stalk …

DXB Entertainments reported a 3.33 per cent fall in second-quarter revenue to Dh116 million, compared to Dh120 million a year ago, due to lower visitor numbers. Out of the Dh116 million, Dh80 million was generated through theme parks, Dh5 million through retail and Dh17 million through hospitality, the theme parks …

UAE-based billionaire retail tycoon Yusuff Ali M.A. is looking to pump further investments into the Philippines and create at least 2,000 more jobs for Filipinos. The Indian entrepreneur who operates 150 LuLu hypermarkets in the UAE and across the Gulf Cooperation Council (GCC) region and Egypt intends to make a …

His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, arrived in Cairo on Tuesday and met Egyptian President Abdul Fattah Al Sissi amid warm ties between the two allied Arab countries. Al Sissi welcomed Shaikh Mohammad at Cairo …

Amnesty-seekers in Sharjah have been urged to visit Tasheel centres, and not the amnesty tent, to get their status rectified. Only those seeking to exit the UAE should visit the tent set up outside the General Directorate of Residency and Foreigners Affairs (GDRFA Sharjah) in Al Qasimiya. A senior GDRFA …

Emirates Global Aluminium (EGA) has launched its first sustainability report, charting its progress in emissions, safety, innovation, waste management, social responsibility and community engagement. The firm – the largest non-oil industrial firm in the UAE – said in a press statement that it aspires to be among the world’s leading …

The Abu Dhabi Securities Exchange index hit its highest level in a year due to continued buying in First Abu Dhabi Bank. The index reached its highest level in 52 weeks at 4,895.10, just 100 points shy of the psychological-level of 5,000. The index closed 1.61 per cent higher at …

The Dubai Department of Economic Development (DED) has shut down 4,879 social media accounts and 30 websites for selling counterfeit commodities during the first half of this year. The Commercial Compliance and Consumer Protection sector in DED announced that the accounts had 33.5 million followers, and the DED worked with …

Preparations are now under way for the upcoming ‘UAE Maritime Week 2018’, which is taking place from October 28 to November 1, 2018. The fourth edition of the event is expected to attract more than 350 exhibitors from leading international maritime companies along with more than 8,000 visitors, including local, …

The Arab world is suffering from poor management of resources and the region lacks administrators who can facilitate development in various fields, His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said in a series of tweets on Saturday. “Life has taught …

DP World on Saturday responded to Djibouti’s refusal to acknowledge a London Court of International Arbitration ruling by saying the government did not “recognise the international rule of law.” On Thursday, Arbitral Tribunal of the London Court of International Arbitration (LCIA) ruled that the Djibouti government’s seizure of control of …

RAK Ceramics’ quarterly net profits were down 51 per cent to Dh55.1 million but its revenues remained stable and its core gross profit margin reached an all-time high of 34.7 per cent, the firm said on Thursday. The reason for the fall in net profits was due to the Dh34.8 …

Abu Dhabi National Insurance Company (Adnic)’s net profit grew 17.1 per cent in the first half of 2018, largely due to an increase in net investment income, results show. The Abu Dhabi-listed company posted a net profit of Dh150.5 million, during the six-month period ended June 30, compared to Dh128.5 …

The Ministry of Energy and Industry announced fuel prices for August and the price includes VAT. The per-litre prices are Super 98 at Dh2.57 (from Dh2.56 in July and Dh2.63 in June) and Special 95 at Dh2.46 (from Dh2.45 in July and Dh2.51 in June). Diesel price has been fixed at Dh2.63 per litre (from …

The Sharjah Investment and Development Authority (Shurooq) and Besix signed an agreement to operate and maintain an existing wastewater treatment plant in Al Saja’a area in Sharjah. In a statement on Monday, Shurooq and Besix said a newly formed company Qatra will develop and expand the wastewater infrastructure in line with Sharjah’s …

The UAE and the Middle East as a whole are bucking global trends, with business confidence surging to its highest level since the second quarter of 2015. That’s the finding of the latest Global Economic Conditions survey by the Association of Chartered Certified Accountants (Acca) and the Institute of Management …

A six-month visa announced by the UAE government for amnesty seekers to stay back and search for jobs is a golden opportunity for them to start life afresh here. Although the UAE has granted amnesty to residency law violators several times in the past, it is the first time that …

Since 1979, Iran has made every effort possible to ‘export’ its revolution to the rest of the region. It did not succeed, but that has not stopped the regime in Tehran from trying to spread chaos and instability in the Middle East, and interfere in the internal affairs of Arab …

The Abu Dhabi Department of Economic Development announced on Sunday that it has expanded Tajer Abu Dhabi licence package scheme by opening it up to all GCC nationals and UAE residents, in addition to increasing the number of commercial activities to more than 1,000. Tajer Abu Dhabi was originally launched …

Rents of school and other education sector buildings will not be increased during the academic year 2018-209, it was announced on Sunday. A statement from Dubai Media Office said the initiative is aimed at supporting Dubai-based educational institutions and reduce their operational costs. Hesham Khalifa Al Qaizi, Chief Executive Officer …

Deyaar Development on Sunday posted a net profit of Dh65.2 million for the six months ending June 30, 2018, a 2.6 per cent decrease over Dh67 million profit it made in the first half of last year. In the same period, the property developer reaped Dh314 million in revenues, 0.7 …

UAE residents can now enter Azerbaijan on a visa-on-arrival status. Starting July 26, holders of UAE residence visa can obtain a one-month tourist visa to Azerbaijan upon arrival. Relevant valid visa along with the passport or travel document must be presented. This new development does away with the prior need …

President Trump boasts that he has reversed American policies across the Middle East. Where his predecessor hoped to win hearts and minds, Mr. Trump champions the axiom that brute force is the only response to extremism — whether in Iran, Syria, Yemen or the Palestinian territories. He has embraced the …

Dubai-based Nakheel signed on Thursday a Dh290.5 million construction contract with Parkway International Contracting to start building a new four-star beachfront hotel on Deira Islands. The hotel is being developed by Nakheel and Thai hotel group Centara Hotels and Resorts, under a Dh500 million joint venture between the two. Centara …

The business park at Dubai South has announced it has entered into a partnership with the Union of European Expert Chambers (UCEE) to establish a permanent exhibition and business centre for the members of UCEE at the business park. The partnership aims to encourage European small to medium-sized enterprises (SMEs) …

Foreign diplomatic missions of labour-sending countries will have counters at Dubai’s main amnesty centre in Al Aweer to facilitate the early repatriation of residents overstaying their visas from August 1, Gulf News has learnt. However, those seeking to legalise their residency status during the upcoming amnesty will not have to …

Enoc Group has opened a service station in Al Barsha, as part of its expansion plans aimed at building 54 new service stations by 2020. The new 40,002 sqft solar-powered service station offers a range of automotive services such as the tandem 8 bridge canopy, eight digital dispensers with stage …

State-linked developer Emaar Properties and Dubai Holding will build a new mall, said to be larger than Dubai Mall, at their flagship project Dubai Creek Harbour. Dubai Square, as the developer has named the project, will also have around 1,500 hotel rooms and thousands more apartment units. The project is …

Work on a 12-lane Shindagha bridge connecting the historic districts of Al Shindagha and Al Ras has begun and, according to the Roads and Transport Authority (RTA), the bridge will not replace the Shindagha Tunnel. Originally designed to replace the 45-year-old Shindagha Tunnel, the only crossing in the area, the …

Demand for both business loans and personal loans picked up pace in the UAE in the second quarter of this year according to the latest Credit Sentiment Survey of the Central Bank of UAE. The survey is a quarterly study by the central bank, which collects information from senior credit …

Warner Bros World Abu Dhabi was inaugurated in Abu Dhabi  on Monday by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of …

Property developer Nakheel on Sunday announced the completion of a new Dh60 million retail Pavilion at Badrah in Jebel Ali. The new retail complex, operated by Nakheel Malls, will offer more than 800 households at its Badrah and Veneto communities a host of shops, cafes and amenities.26 outlets coming to Pavilion …