May, 2017

• 30 May

  UAE savings account balances hit AED158bn

  ABU DHABI / Agencies Savings account balances in the UAE amounted to AED158.5 billion during the first third of 2017, a growth of 3 percent, i.e. AED4.75 billion, over the same period in 2016, according to UAE Central Bank statistics. Saving by local currency at the banking sector hit AED129.56 billion against an equivalent of AED28.88 billion in foreign currencies ...

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• 30 May

  Emirati team marks UAE-IAEA cooperation

  ABU DHABI / WAM A delegation from the UAE representing various national stakeholders in nuclear industry, is taking part in the International Conference on the IAEA Technical Cooperation Programme: ‘Sixty Years and Beyond-Contributing to Development’. The three-day event, concluding on the June 1, is being held at the headquarters of the International Atomic Energy Agency in Vienna, Austria. Led by ...

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• 30 May

  ERC, ADIB join hands to launch Certificate of Giving campaign

  ABU DHABI / WAM The Emirates Red Crescent (ERC) launched the Certificate of Giving campaign, in co-operation with Abu Dhabi Islamic Bank, during the holy month of Ramadan, based on an initiative by both parties for the UAE’s Year of Giving. The initiative is a financial endowment, through contributi- ons placed in bank accounts. The value of the sukuk, to ...

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• 30 May

  Work begins on AED410mn Dubai JVC residential project

  

  Dubai / Emirates Business Ground breaking has taken place on the site of a new six tower residential complex designed by Abdul Rahim Architectural Consultants (ARACO) and located in Dubai’s fast-growing residential suburb, Jumeirah Village Circle (JVC). Close to Al Barsha Fourth, the six building project is valued at AED 410 million, and covers an area of 100,000sqft. Commenting on ...

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• 30 May

  $23.2bn invested in global FinTech deals in 2016

  

  Dubai / Emirates Business FinTech Hive at DIFC, the region’s first FinTech accelerator launched by Dubai International Financial Centre (DIFC) earlier this year, received over 100 applications from more than 32 countries for its inaugural programme. The majority of applications have come from the UAE, the UK, the US, India, Nigeria and Singapore, and cover a range of concepts including ...

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• 30 May

  DIP grows with 280 new sub-tenants in Q1

  

  Dubai / Emirates Business Dubai Investments Park [DIP], the unique integrated commercial, industrial and residential community in the Middle East and a wholly-owned subsidiary of Dubai Investments PJSC, announced that 280 new sub-tenants have leased premises within DIP between January and April 2017, reinforcing its surging reputation as the preferred and most sought-after business destination in region. The new leases ...

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• 30 May

  DAMAC Properties launches Casablanca Villas

  

  Dubai / Emirates Business DAMAC Properties, a leading luxury real estate developer in the region, has launched Casablanca Villas, a collection of fully furnished and serviced luxury boutique villas in Dubai inspired by the enchanting vibes of Casablanca city. As part of its Ramadan specials this year, DAMAC Properties is offering investors and customers the opportunity to pay 60 percent ...

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• 30 May

  DAMAC recognises top real estate brokers

  Dubai / WAM DAMAC Properties, a leading real estate developer in the region, held its first awards ceremony to recognise top real estate brokers in the UAE, rewarding them for their contribution to the company’s sales volumes in the first quarter of 2017. More than 20 agents received special recognition for their high achievements in the sales of villas and ...

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• 30 May

  DCCI roundtable examines role of pvt sector in ‘Year of Giving’

  

  Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) recently hosted a roundtable that examined the role of Dubai’s private sector in supporting the UAE’s Year of Giving, which identified ways businesses can align their corporate social responsibility (CSR) and sustainability practices with the national initiative. The event, organised by the Chamber’s Centre for Responsible Business, was ...

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• 30 May

  ADIB takes ‘overweight’ view on GCC, European equities

  

  Abu Dhabi / WAM In its latest Global Investment Outlook presentation, Abu Dhabi Islamic Bank (ADIB), suggested that investors should consider taking an “overweight” position on GCC and European equities as well as the Japanese yen. “Reaching out to our customers and offering them our unique insights into the global investment landscape is central to our mission as trusted financial ...

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