Abu Dhabi / WAM The UAE gross bank assets amounted to AED2.8 trillion by the end of August 2018, four percent up from AED2.694 trillion by the end of December 2017, according to Central Bank of UAE statistics released on Sunday. Gross credit increased to around AED1.633 trillion by the end of August, a growth of 3.3 percent from AED1.58 ...
Read More »DUBAI / WAM Dubai Futures Foundation and Haykal media have kicked-off the region’s first ever EmTech Mena 2018, a platform designed to address the future trends of technology in an evolving world. The event is held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council. Organised ...
Read More »Abu Dhabi / WAM The Export Unit Value Index in the Emirate of Abu Dhabi was up to 87.3% during Q2, a growth of 7.6% from 81.2% during the same period in 2017, according to Statistics Centre- Abu Dhabi (SCAD), while the Import Unit Value Index likewise rises to 108.7% during the same monitored period from 103.4% as compared to ...
Read More »
DUBAI / WAM Nakheel has signed a construction contract for Dragon Towers, its new, twin-building residential complex with a total development value of AED713 million ($194mn), to be built at Dubai’s rapidly-expanding Dragon City mixed-use community. Under the AED552 million contract, handed to UAE-based Ali Mousa and Sons Contracting, mobilisation will begin immediately, with anticipated completion in 2021. Nakheel also ...
Read More »
DUBAI / WAM Dubai Healthcare City Authority (DHCA), the governing body of Dubai Healthcare City (DHCC), on Sunday announced a partnership with the Traditional Chinese Medicine and Technology Industrial (GMTCM), Park from Macao to advance the field of complementary and alternative medicine (CAM), in the free zone. Both parties will contribute to cementing the ongoing cooperation between the UAE and ...
Read More »
Dubai / WAM Commercial Bank of Dubai (CBD), and PwC Middle East, signed an agreement on an innovation programme that will help the bank in its objective to become default digital and in providing customer experience by collaborating with fintech startups, and effectively leveraging emerging technology as a tool. The agreement was signed by Dr Bernd van Linder, CEO of ...
Read More »
DUBAI / WAM Millions of people from around the world will have the chance to make meaningful contributions to global development goals at Expo 2020 Dubai’s Opportunity Pavilion, the final major design element to be unveiled ahead of the next World Expo. Complementing Expo 2020’s two other Thematic Pavilions, which are inspired by the subthemes of Mobility and Sustainability, the ...
Read More »
DUBAI / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, opened North Park, a new public park situated near Cedre Villas project to enhance the overall resident experience and foster community spirit. The opening of the park aligns with desirable society strategy pillar that is one of ...
Read More »
Dubai / WAM Roads and Transport Authority (RTA), added 200 vehicles to the smart car rental fleet, bringing the total number to as many as 400 vehicles. The move follows the success of the initial stage and the increasing demand generated by the service, which has clocked high rates of journeys and rental hours. “The launch of this service is ...
Read More »
Dubai / WAM The Dubai Chamber of Commerce and Industry will head a new working group, which will be responsible for engaging various public and private sector stakeholders and tackling a variety of banking challenges faced by SMEs, startups and entrepreneurs in Dubai. The announcement of the new working group was among the key recommendations outlined by industry experts who ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.