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DUBAI NEWS

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DME Sets New Open Interest Record Of 71.5 Million Barrels Of Crude Oil
Dubai Mercantile Exchange, DME, the premier international energy futures and commodities exchange in the Middle East, has reported a new exchange-wide open interest record of 71,586 lots on 31st July, 2018. This total is equivalent to almost 71.5 million barrels of crude oil.

US$185 Million Syndicated 2- Year Term Financing Facilities For United Arab Bank
The 2-year bullet term financing facilities comprise a Conventional facility and a Commodity Murabaha financing facility, each carrying a margin of 1.50 % p.a. over Libor.

Emirates Skywards Expands Loyalty Programme To Include Both Emirates Airline And Flydubai
Emirates Skywards today replaced flydubai’s frequent flyer programme, OPEN, officially becoming the loyalty programme of Emirates airline and flydubai.

DIFC Courts, Smart Dubai Launch Joint Taskforce For World’s First Court Of Blockchain
The Dubai International Financial Centre (DIFC) Courts have partnered with Smart Dubai to create the world’s first Court of the Blockchain. Building on existing dispute resolution services, the alliance will initially explore how to aid verification of court judgments for cross-border enforcement.

Indian National Wins Us$ 1Million In Dubai Duty Free’s Millennium Millionaire Promotion
First-time winner Sandeep Menon became the latest Indian national to win US$1 million in the Dubai Duty Free Millennium Millionaire Promotion in Series 277, which was drawn today in Concourse B-Terminal 3 of Dubai International Airport.

Emirates NBD Debunks Myths On Hiring People Of Determination
Emirates NBD, one of the leading banking groups in the region, convened a panel discussion to debunk myths among UAE companies on employing people of determination (people with disabilities).

DEWA And EmiratesGBC Emphasise The Importance Of Green Buildings At Solar Decathlon Middle East Seminar
Dubai Electricity and Water Authority (DEWA), in collaboration with the Emirates Green Building Council (EmiratesGBC), has organised the Solar Decathlon Middle East Seminar.

Providing Complimentary Directional Signs For Wedding Events Of Emiratis Starting September 2018
HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA) in Dubai, announced that directional signs would be provided free of charge for wedding events of Emiratis starting from September 2018 year.

Nasdaq Dubai Announces Names Of 12 Saudi Companies On Which It Will Launch Equity Futures In September
Nasdaq Dubai today announced the names of 12 Saudi Arabian companies on which the exchange will launch equity futures in September 2018.

Dubai Technology Entrepreneur Centre To Host AngelHack Dubai Hackathon 2018
Dubai Technology Entrepreneur Centre (Dtec), DSOA’s wholly owned technology startup center that is the largest of its kind in the Middle East, today announced that it will host the Dubai edition of AngelHack’s Global Hackathon Series 2018.

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