Latest UAE News
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NBAD Issues $465M convertible bonds
The offering, due in 2018, was increased from an initial amount of $350m following strong demand from investors during the book-building process.It may be increased by a further amount of up to $35m in the event of exercise in full of the over-allotment option granted by NBAD to the Joint Book-runners, exercisable on or prior to June 3rd, 2013.The offering received strong investor demand; it was ...
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Mediaquest acquires 30 stake in acclaimed wedding website Whiteme.net
In line with the increased Internet penetration in the region and the burgeoning wedding industry, leading Middle East publisher Mediaquest has acquired a 30% stake in the acclaimed English and Arabic wedding website, ...
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RAK Ruler names areas after President and Abu Dhabi Crown Prince in RAK
WAM RAS AL KHAIMAH, May 25th, 2013 (WAM) -- H. H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras al-Khaimah, has ordered the naming of Al Dhait South residential area after President His Highness Sheikh Khalifa bin Zayed Al Nahyan, in recognition to his efforts to ensure decent living for the citizens in all Emirates across the country. Al Dhait South residential area ...
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Sharjah eyes more Korean Asian tourists and investments ahead of Seoul summit
WAM SHARJAH, May 25, 2013 (WAM)--The Third UAE-Korea Economic Partnership Forum that opens tomorrow will help provide a direct impetus to the travel and tourism industry in Sharjah and the UAE by way of more Korean and Asian tourists and investments in the promising tourism and hospitality sector, said Mohamed Ali Al Noman, Chairman, Sharjah Commerce and Tourism Development Authority. This ...
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Dubai builder Arabtec wins $108 mln hospital contract in Saudi
RIYADH, May 25 (Reuters) - A subsidiary of Dubai-based contractor Arabtec Holding has won a 404-million Saudi riyals ($107.7 million) contract to build ...
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Chidambaram to visit Dubai tomorrow to woo investments
Dubai tomorrow to sell India's growth story to sovereign wealth funds. The Minister is scheduled to meet his counterpart in Dubai and also hold bilateral consultations with the SWFs (Sovereign Wealth Funds) in his day-long visit to the Gulf nation, an official source said. The visit is part of Chidambaram's global tour to attract foreign investments. He has held similar investor meets ...
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Emirates NBD launches Bank on Wheels initiative
Emirates NBD said it is now operating a fully secure vehicle equipped to offer cash and cheque deposit services and driven by a dedicated customer service ...
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Ferrari World Abu Dhabi to move to 7-day ops
"There's been a growing demand for a continuous entertainment offering and the appeal of Yas Island as a leisure destination is now even higher," said Andy Keeling, park manager, Ferrari World Abu ...
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Emirates NBD unveils loan education campaign
Emirates NBD has launched a unique new personal loan education campaign to advise UAE residents to borrow responsibly and within their repayment capacity. This new initiative is in line with the Group's reputation of being a financial institution that cares for its customers, according to a press statement. The initiative will be supported by a sustained media campaign that will advise the ...
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Sandisk appoints EMPA as distributor to enhance product availability in Middle East
SanDisk Corporation, a global leader in flash memory storage solutions, has signed a distribution agreement with EMPA Middle East to increase flash memory growth in the ...
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Tejuri.com calls on eHosting DataFort for secure 24x7 availability
eHosting DataFort (eHDF), the region's leading managed IT services provider and a member of TECOM Investments, has been appointed by Tejuri.com to host and manage the region's e-shopping mall supported by the Dubai Department of Economic Development ...
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Etisalat lauds Telecommunications Regulatory Authority on spectrum policy
Etisalat Group announced its support and appreciation for the Telecommunications Regulatory Authority's decision to allocate the 700 and 800 Megahertz bands to mobile broadband, confirming the UAE's position as a global leader in international spectrum policy and ...
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Emirate of Dubai Jafza to implement Service Dubai single service provider concept
The Emirate of Dubai and Jafza will be the world's most favoured investment destinations if the Service Dubai, a single service provider concept, is implemented in the Emirate and the Free Zone, observed Dubai's top thought leaders during a panel discussion held at Majlis Jafza that took place at the Armani ...
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Air Miles and Yellow Hat join forces to reward customers
, launched a collaboration where customers can now collect and spend Air Miles at Yellow Hat stores in Times Square, Nad Al Hamar and the new service and retail centre opening in Al Quoz in June, 2013. Under the agreement, members will receive two Air Miles for every dirham spent on all products ...
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My Car One UAE Toyota Land Cruiser that’s able to turn heads
Growing up in Yemen and spending most of his childhood seeing the 1979 Toyota Land Cruiser FJ40, Max Stanton admits he always wanted one. ';The first time I ever went into one of these cars, I went to an island called Socotra, in Yemen. I must have been ...
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Designer Kunal Rawal on his label and fashion for Bollywood ‘characters’
Besides taking care of his own label, designing capsule collections for highstreet brands and collaborations with everyone from motoring and lifestyle brands to theme parks, this Mumbai-based designer has also made his name as an in-demand Bollywood designer. He's created looks for actor Abhay Deol ...
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Summer Holiday Offers for Families from Dubai Abu Dhabi
travel package with affordable, yet luxury accommodation. If you travel with family or a group of friends, you can book a comfortable stay in an apartment or a villa, while exploring some of the most popular travel destinations this ...
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Hainan Airlines to add new routes to Abu Dhabi this summer
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 (Adac) is predicting a 15 per cent increase in the number of flights over the peak summer period, between May to August, compared with last ...
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Dubai Police to issue traffic fines with voice commands
Dubai Police has said the traffic police have started using a special device that speeds up the process of issuing fines, Gulf News has reported. The new devices, which use a new voice command technology, sends information automatically to the police operations room and the fine is registered against that specific car, said Lt Gen Dahi Khalfan Tamim. "The system is the first of its type and ...
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Abu Dhabi plans desert park around Meyzad Fort
Abu Dhabi Tourism and Culture Authority (TCA-Abu Dhabi) has unveiled a plan to develop a desert park around Mezyad Fort, Gulf News has reported. The project aims to develop a luxury hotel and oasis spa and to restore the severely degraded desert land into a park to display the area's natural diversity of flora and fauna, archaeological sites and natural beauty. The hotel and oasis spa will ...
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Abu Dhabis General Holding plans IPO
Abu Dhabi-based General Holding Corp (Senaat), which has nearly $7bn in assets, has approached banks with a proposal for a potential share listing, as part of plans to spur listings on the local stock market, Reuters has reported, citing three sources familiar with the matter. "The Abu Dhabi stock market needs a kick start with a big listing. Somebody has to take the initiative as the ...
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Adec tells schools to enforce Student Protection Policy
The Abu Dhabi Education Council (Adec) has stressed that private school principals are to take steps "to prevent reasonably foreseeable harm to students" at all times, Khaleej Times has reported. Private schools are required to have in place a 'Student Protection Policy' and should investigate and report any incidents to the regulator within 24 hours, said the executive ...
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Flydubai launches Dubai-Salalah service
Flydubai has launched three weekly flights on Dubai-Salalah sector, Oman Daily Observer has reported. Salalah is the 60th operational destination of Flydubai. Operating on Tuesday, Thursday and Saturday every week, the Flydubai flight to Salalah from Dubai International Airport will depart at 4.20 pm and arrive in Salalah at 6.20 ...
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Aussie appeals over Dubai jailing
Matthew Joyce, was jailed for 10 years and fined $25 million over a proeprty deal gone wrong in Dubai. He is appealing the sentence. File photo: Valeriano ...
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Fitch Clasifica en F1+A+ Nueva Linea de Efectos de Comercio de Gasco. Outlook Positivo
U.S. prime money market funds (MMFs) increased their exposure to eurozone banks in April. However, even at 15.1%, asset allocations to these institutions remain well below 2011 levels, according to Fitch ...
Abu Dhabi Featured
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Abu Dhabi's changing role in UAE
The international financial crisis has caused much misery and despair world-wide, but in every recession there are opportunities, and because of Dubai, Abu Dhabi may have been presented with one.
When people around the world think of the United Arab Emirates, its capital, Abu Dhabi, is not the first emirate that comes to mind. Rather, Dubai is the most famous of the seven entities that united in the 1970’s. Read more
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