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Sharjah okays AED9.5mn in ‘debt settlement’

SHARJAH / WAM H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler ofSharjah, has approved AED9,501,177 to repay the debts owed by nationals. The latest move comes as part of the generous initiatives of His Highness Sheikh Dr Sultan bin Mohamed, which place humanity at the top of its priorities and seeks to achieve a stable ...

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DIFC fintech ecosystem gains momentum

DUBAI / WAM The Dubai International Financial Centre (DIFC) announced on Monday developments in its FinTech ecosystem that further strengthen its position as Middle East, Africa, and South Asia region’s (MEASA) number one and one of the world’s top 10 FinTech hubs. Arif Amiri, Chief Executive Officer of DIFC Authority, said, “Driving the future of finance and promoting financial inclusion ...

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Majid Al Futtaim breaks ground on AED340mn Masdar City Centre

Abu Dhabi / Emirates Business Majid Al Futtaim has officially broken ground in Masdar City on its first shopping mall in Abu Dhabi, My City Centre Masdar. Amana Steel Contracting LLC has begun main works as the company’s main contractor on the project. “My City Centre Masdar, Majid Al Futtaim’s first shopping destination to open in Abu Dhabi, will exemplify ...

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