June 2019 — Topical news of the United Arab Emirates

June 21, 2019 no comments 508
Dubai-based Abraaj was Middle East's biggest private equity fund until last year Tell Group SA is bidding on funds managed by the collapsed Abraaj Group, Bloomberg has reported. The boutique investment firm is offering $25 million to transfer the management of seven Abraaj funds...

June 20, 2019 no comments 540
Loan books grow but so do net loan provisions Demand for new loans outstripped deposit growth at nine of the 10 listed banks in the United Arab Emirates in the first quarter of 2019, according to a new report. The UAE Banking Pulse report from financial services consultancy...

June 20, 2019 no comments 423
The company had also not received any reports of people returning their product to the stores The Dubai Municipality has issued a clarification regarding the import of 200g of Lays chips packets on Wednesday, June 19. The authority validated that it has not imported the 200g Lays...

June 20, 2019 no comments 431
Total exports to the GCC state recorded AED 7.725 billion in Q1-19 Abu Dhabi’s total trade exchange with the GCC countries rose by 7.7% year-on-year to AED 18.222 billion in the first quarter of 2019 from AED 16.918 billion, according to Mubasher statistics. Total exports to the...

June 20, 2019 no comments 534
Leading UAE developer Damac Properties has announced the launch of Zada, a fully-integrated development featuring luxurious one-bedroom modern apartments, in Dubai’s Business Bay area. Priced at Dh699,999 ($190,539), the exquisitely designed one-bedroom apartments offer views of the iconic...

June 19, 2019 no comments 421
Wasl Port Views will feature a total of 1,465 residential units, spread across 10 buildings, as well as retail stores and restaurants Wasl Properties, a subsidiary of Wasl Asset Management Group, has announced the release of the first building of its Wasl Port Views development in...

June 19, 2019 no comments 420
423kg of heroin and crystal meth seized, as well as 500,000 captagon tablets, in the largest ever anti-drug operation in the UAE Abu Dhabi Police have confiscated 423kg of heroin and crystal meth hidden in vehicle spare parts, as well as 500,000 captagon tablets, in the largest ever...

June 19, 2019 no comments 422
Interactive pop-up pavilion is touring the UAE to give people a glimpse of what to expect from the region's first ever World Expo An interactive pop-up pavilion is touring the UAE to give people a glimpse of what to expect from the region’s first ever World Expo. Visitors can...

June 19, 2019 no comments 425
Dubai Financial Services Authority stops Rasan Capital Limited from operating for 12 months The Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in or from the Dubai International Financial Centre (DIFC), has announced that it has...

June 18, 2019 no comments 437
Flourishing at the beginning of the Christian era, ed-Dur was a port town that derived its wealth from trade across the Arabian Gulf and the Indian Ocean The Department of Tourism and Antiquities of Umm Al Quwain is seeking to include the ed-Dur temple and surrounding area on the World...

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