Islamic Insurer seeks to write off accumulated loss The Board of the Dubai Islamic Arab Insurance Company (Salama) recommended reducing the capital by 398 million dirhams ($108 million) to write off accumulated losses. The share capital after the reduction will be US$ 790 million...

The works include the construction of bridges with a length of 2 km, the expansion of the Ras al-Khor road from three to four lanes in each direction and the construction of two-lane service roads on both sides DUBAI - Dubai’s Roads and Transport Authority (RTA) has announced that the...

According to the latest data from the Dubai Department of Economy and Tourism (DET), Dubai attracted 7.12 million international overnight visitors between January and June 2022, recording an increase in the number of visitors by more than 183% compared to 2.52 million tourists who visited Dubai...

LuLu Exchange and Al Ansari – two of UAE’s leading exchange houses are accompanied in this list by exchange companies from Qatar, Oman and Kuwait UAE - In recognition of the UAE's powerful cross-border payments sector, striving for digital transformation and world-class regulation, two...

The Al-Qusais Police Station awarded Emirati citizen Ali Ahmad Al-Ali for his honesty when he handed over 10,000 dirhams in cash to the police, which he found in the Al-Qusais area. Colonel Saeed Al Madhani, acting director of the Al-Qusais Police Station, praised Al Ali for his honesty,...

Ajman police have denied rumors that a 13-year-old boy has disappeared in the emirate. The police later confirmed that the news was fake. According to Ajman police, the boy left his home due to family disagreements. Ajman police returned the teenager to his parents safe and sound in...

The UAE Digital Government (DGOV) explained on its website that non-Emirati citizens who come to the country for work or residence must undergo six medical examinations to ensure that they are medically fit, and then have the right to continue the procedure for obtaining a residence permit....

The seasonally adjusted S&P Global UAE Purchasing Managers' Index rose to 55.4 in July from 54.8 in June DUBAI - The United Arab Emirates' non-oil private sector grew at the second fastest pace this year in July as business activity surged amid strong demand and increased sales...

$408mln offering issued in two tranches The UAE sold 1.5 billion dirhams ($408 million) worth of treasury bonds during the third auction under the 9 billion dirhams bond issue program for 2022. At the auction of treasury bonds denominated in ordinary dirhams, the offer was...

It's been a good month for bitcoin — and we haven't talked about it for a long time. After several months of free fall in July, it jumped by more than 17%, which was the best performance since October. Ether grew by 57%, which was the strongest monthly increase since January 2021....