Gold and foreign exchange rates in UAE
Gold rates for Friday, May 5, 2017 Daily Morning 9:00 AM Afternoon 3:00 PM Evening 8:00 PM Ounce rate 4532.45 4532.45 24k* 149.50 149.50 22 k* 140.50 140.50 21k* 134.00 134.00 18 K* 114.75 114.75 DD/TT […]
Business
NBAD reports Dh2.93 billion in profits for Q1 of 2017
ABU DHABI 20 April 2017: The National Bank of Abu Dhabi and First Gulf Bank reported Dh2.93 billion in net profits for the 1st quarter of 2017, a 12.4 per cent growth from Dh2.60 billion over […]
TRA-Dubai Police pact to defend UAE’s ‘Virtual Borders’
DUBAI 22 April 2017: The Telecommunications Regularity Authority (TRA), has signed a Memorandum of Understanding (MoU) with Dubai Police General HQ to enhance co-operation in information security and to work together to resolve related issues. The […]
Dubai to have longest monorail in region…
DUBAI 22 April 2017: The Mai Dubai expansion project will include a 1km-long monorail to transport goods — one of the longest-ever built in the region and in the industry. The expansion will more than […]
Emirates NBD reports Dh1.87 billion in net profits for Q1 2017
DUBAI 21 April 2017: Emirates NBD reported Dh1.87 billion net profits for the first quarter of 2017 up 4 per cent year on year. The operating performance was helped by a control on expenses and […]
‘Free’ and ‘instant’ money transfers to Pakistan from UAE
DUBAI 21 April 2017: Mashreq Bank has announced the launch of Quick Remit service to Pakistan. Mashreq customers can now transfer Pakistani rupees free of charge either via MashreqOnline or Snapp, and enjoy instant credit […]
Sharjah overhauls its financial system with new law
SHARJAH 21 April 2017: H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued a law on the financial regulations of the government of Sharjah. The Law No. (4) of […]
Dh1.3bn The Bridges – affordable housing on Reem Island
ABU DHABI 18 April 2017: Aldar Properties has announced the launch of ‘The Bridges’, a 1,272 unit, Dh1.3 billion, mid-market residential development. Capitalising on the demand for this type of product, Aldar will release one […]
No plans to merge Dubai Holding with any other company: New Chairman
DUBAI 18 April 2017: Dubai Holding has adopted a new business model and organisational structure – and will stay as an independent entity. The new model focuses on debt management programme to deliver stronger balance […]
UAE fully committed to oil production cuts: Minister
DUBAI 19 April 2017: Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, said the UAE sees a healthy level of demand for crude oil in the future from emerging economies in Africa and […]