UAE Banks Federation chief says exposure limits set by UAE Central Bank can be amended based on market performance The UAE Central Bank can now set new exposure limits for banks to the real estate sector and amend them to reflect market performance, according to media reports....

Abu Dhabi National Oil Company says Wanhua will purchase up to 1 million metric tonnes of LPG per annum Abu Dhabi National Oil Company (ADNOC) has announced a new long-term liquefied petroleum gas (LPG) sales agreement with Wanhua Chemical Group of China. Under the terms of the...

Since being launched on November 11 2014, 20.8 million riders have used the Dubai Tram transport system Dubai Tram has lifted nearly 21 million passengers in four years of operations, it has been announced. Since being launched on November 11 2014, 20,879,564 riders have used the...

More visitors are expected as the second half of the Dubai Fitness Challenge gets underway, says Nakheel Palm Jumeirah Fitness Village has attracted up to 5,000 people a day during the first two weeks of the Dubai Fitness Challenge. More visitors are expected as the second half of...

Abu Dhabi Islamic Bank's board had in 2010 approved a plan to allow foreigners to own shares in the lender Abu Dhabi Islamic Bank, the UAE’s second-biggest bank complying with Muslim banking rules, said it obtained the Abu Dhabi Executive Council’s approval to allow foreigners to own...

Dubai DED issues 1,898 new licenses in October DUBAI- The Business Registration and Licensing (BRL) sector in the Dubai Department of Economic Development (DED) issued 1,898 new licenses during October 2018, an increase of 25.8% compared to September (1,509 licenses), as Dubai remained...

A new law introduced last month abolished a cap that restricted each bank's lending to the construction and real estate sectors to a maximum of 20 percent of total deposits DUBAI- The United Arab Emirates' central bank now has the flexibility to set new exposure limits for banks to the...

World Economic Forum research suggests more jobs will be created than destroyed through technological disruption Governments around the world concerned about the impact that technological change can have on jobs creation need to invest in research, education and infrastructure,...

Abidos Hotel Apartment Al Barsha Al Barsha 1, Al Barsha, Dubai, United Arab Emirates One of our top picks in Dubai. This luxurious hotel offers stylish apartments next to Mall of the Emirates, in Dubai’s Al Barsha district. It features a gym, a rooftop...

The Dubai Diamond Exchange (DDE), in collaboration with Stargems Group, has announced the completion of six successful rough diamond tenders of SACIM goods (Anhui-Congo Mining Investment Company) with over 2 million carats sold.  The tenders were held at the Almas Tower with around 200...