Dubai: UAE’s insurance sector has reported strong growth in gross premiums written (GPW) and net profits and trend is expected to continue into the second half this year, according to analysts. The total net profit (after tax) for all listed insurers in the UAE increased by 27 per cent to...

Sharjah: Emirati women make up 70 per cent of workers in the national banking sector, according to the general manager of the Emirates Institute for Banking and Financial Studies (EIBFS). UAE’s banking sector employs 10,000 UAE nationals, said the institute on Sunday ahead of Emirati...

Dubai: Souq has launched a new range of Amazon products on its website, in the first real move to integrate the services since the American eCommerce giant acquired Souq in May. In a Facebook post by Ronaldo Mouchawar on August 24, the founder and CEO of Souq announced that AmazonBasics...

Dubai: To avoid frustrating traffic gridlock in Dubai Downtown during Eid Al Adha holidays, the Roads and Transport Authority (RTA) has created an action plan to keep private cars and mass transit flowing in Dubai Downtown, especially around Dubai Mall, a senior traffic official said on Sunday....

ABU DHABI: In line with the UAE President His Highness Sheikh Khalifa Bin Zayed Al Nahyan’s declaration of 2018 as the Year of Zayed, the Education Affairs Office at the Crown Prince Court of Abu Dhabi yesterday announced the launch of the UAE Media Apprenticeship Programme (UAEMAP), which aims...

Alya Al Matrooshi was not put off by entering a male-dominated profession as she 'wanted to shine' A woman is too emotional and not competent enough to draw up factual, solid legal arguments was the refrain Alya Al Matrooshi heard when people tried to dissuade her from joining the legal...

Abu Dhabi/Dubai: The achievements and milestones reached by Emirati women are integral to the success story of the UAE and its enviable place on the global platform. Fired by their passion for nation-building and pursuing ambitions and goals that open new horizons for women empowerment,...

Dubai: The Federal Tax Authority (FTA) on Saturday launched a website aimed at keeping businesses and consumers informed of the latest developments relating to the upcoming introduction of excise tax and value-added tax (VAT) in the UAE. The FTA website, www.tax.gov.ae, includes information...

Here’s how brokers should deal with market volatility If you’re in the world of brokerage you will be very familiar with the term ‘volatility’. Market fluctuations come with the territory, and so far 2017 has been no different. Back in January, Bloomberg expected high...

The UAE Central Bank is introducing a new initiative in line with global movement on digital payments There is an ever-growing move in the global markets towards digital, and exploring the non-traditional areas for payments within banking industries and government entities alike. The...