Business

RTA completes roads leading to ‘Jewel of the Creek’

RTA completes roads leading to ‘Jewel of the Creek’

05 Nov 2019

The Roads and Transport Authority, RTA, has announced the completion of tunnel and road works leading to the entry/exit points of Jewel of the Creek project undertaken in collaboration with Dubai International Real Estate.

RTA had completed the construction of tunnels extending 1.4 km, and roads stretching 7 km. The ground and basement access points of the Jewel of the Creek Project have been linked with Baniyas Street to the North, and Al Ittihad Street to the East through streets,... Read More

UAE Central Bank plans flexible cap on real estate financing

UAE Central Bank plans flexible cap on real estate financing

05 Nov 2019

The Central Bank of the UAE is in discussions with the country's lenders to amend rules governing the financing of real estate, flexing the cap on funding to the sector.

The banking regulator currently allows banks to lend as much as 20 per cent of their total deposits to the property sector with that cap being raised to a still undecided level, Mubarak Rashid Al Mansouri told the Middle East Banking Forum in Abu Dhabi on Sunday.

Under the proposed changes, lenders would be... Read More

Lewis Hamilton wins 6th F1 championship to move closer to all-time legend Michael Schumacher

Lewis Hamilton wins 6th F1 championship to move closer to all-time legend Michael Schumacher

04 Nov 2019

(CNN) Lewis Hamilton clinched his sixth world title with second place behind Mercedes teammate Valtteri Bottas in the US Grand Prix Sunday to become the second most successful driver in Formula One history.

Hamiton was overtaken by Bottas in the closing stages of the 56-lap race at the Circuit of Americas in Texas with Red Bull's Max Verstappen taking the final spot on the podium.

Hamilton's 10th victory of the season in Mexico last weekend had left him needing just four points... Read More

Apple warns some iPhone users to update their old gadgets

Apple warns some iPhone users to update their old gadgets

04 Nov 2019

Apple is warning owners of older iPhones and iPads that if they don't update their devices to the latest iOS software by Sunday, they won't be able to connect to the internet.

IPhone and iPad products from 2012 and earlier will need the update before midnight UTC on November 3 in order to maintain accurate GPS location and continue using the App Store, iCloud, email and web browsing, according to Apple.

This is all because of the GPS time... Read More

Etihad’s first partnership deal to promote Abu Dhabi medical tourism

Etihad’s first partnership deal to promote Abu Dhabi medical tourism

04 Nov 2019

Etihad Airways (Etihad), the national airline of the UAE, and Cleveland Clinic Abu Dhabi, the pioneering multispecialty hospital, have signed an agreement – the first of its kind in the region between an airline and medical services provider – that will see the two organisations collaborate to promote Abu Dhabi as a premier medical travel destination.

As part of the agreement, Etihad will offer specific medical travel packages to key markets around the world, delivering a single... Read More

Saudi Aramco announces intention to offer IPOs on domestic stock market

Saudi Aramco announces intention to offer IPOs on domestic stock market

04 Nov 2019

Saudi Aramco, the world’s largest integrated oil and gas company, wholly owned by the Government of the Kingdom of Saudi Arabia, on Sunday announced its intention to proceed with an initial public offering (IPO) on Riyadh's Tadawul Stock Exchange.

The Government intends to sell a portion of its shares in Saudi Aramco, said a press release issued by the company on Sunday.

The Kingdom's Capital Market Authority, CMA, approved the company’s application for the initial public... Read More

4,500 flags create portraits of Mohammed bin Rashid, Mohamed bin Zayed

4,500 flags create portraits of Mohammed bin Rashid, Mohamed bin Zayed

03 Nov 2019

Responding to the call from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to celebrate Flag Day, the Government of Dubai Media Office launched the sixth edition of ‘Flag Garden’ at Kite Beach in Jumeirah. Organised by Brand Dubai, the creative arm of the GDMO, the ‘Flag Garden’ will be open till 10 December 2019.

This year, the ‘Flag Garden’ features 4,500 UAE flags arranged to create portraits of HH Sheikh... Read More

Saudi Arabia, UAE to issue joint visa soon

Saudi Arabia, UAE to issue joint visa soon

03 Nov 2019

Sultan Al-Mansoori, minister of economy of the United Arab Emirates, announced that coordination is under way between Saudi Arabia and the UAE to issue a joint visa between the two countries so as to enable visitors to the UAE to visit Saudi Arabia and vice versa.

 

The new visa is expected to come into force in 2020. “This initiative aims at taking advantage of the enormous potential and great measures taken by Saudi Arabia to facilitate the entry of tourists to the Kingdom,”... Read More

Ruler of Dubai says 'many surprises in store' for Expo 2020

Ruler of Dubai says 'many surprises in store' for Expo 2020

03 Nov 2019

Sheikh Mohammed bin Rashid promised "many surprises in store" as he encouraged China and the world to visit Expo 2020 next year.

The Vice President and Ruler of Dubai said China and the Emirates had undergone similar rapid development in recent years and shown "‘impossible doesn’t exist".

He urged the Chinese to visit the emirate during the six-month Expo 2020 event next year.

"The Chinese can find their visas waiting for them at our airports," he told state broadcaster... Read More

Dubai Run 30x30 to take place on Sheikh Zayed Road

Dubai Run 30x30 to take place on Sheikh Zayed Road

03 Nov 2019

For the first time ever, Dubai's Sheikh Zayed Road will turn into a running track on Friday, November 8, 2019. Dubai Fitness Challenge (DFC) 2019 is giving the city new reasons to join the fitness movement by inviting residents and visitors to get active with Dubai Run 30x30 on Sheikh Zayed Road. 

With the aim of fostering a healthy community spirit, the free-to-attend event includes a 5km fun run and a 10km run, with both routes starting and ending at Dubai World Trade Centre.

... Read More

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