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DUBAI NEWS

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DAE Signs Landmark Unsecured Revolving Credit Facility Initial Commitment Of US$480 Million Expandable To US$800 Million
The facility includes both conventional and Islamic tranches and will support the future financing needs of the business.

du Is Set To Roll Out 5G Network In The UAE In 2018
The availability of 5G services in the UAE is one step closer to reality as du, from Emirates Integrated Telecommunications Company (EITC), today announced its full readiness and ongoing network evolution to offer 5G network during the course of 2018.

Nasdaq Dubai To Launch Equity Futures On Saudi Arabian Companies In Milestone For Investors In Middle East Markets
Nasdaq Dubai, the international stock exchange in the Middle East, is preparing to launch equity futures on leading companies listed in Saudi Arabia.

Basketball Academy, PSSA Gives Homegrown UAE Talent The Opportunity To Play In Las Vegas Showcase
Prestige Star Sport Academy (PSSA) is setting the bar high for world-class basketball coaching in the region. For the first time ever in the UAE, the academy is giving young athletes a once in a lifetime opportunity to play on the courts of Las Vegas alongside leading basketball talent in the US.

Hamdan bin Mohammed approves new organisational structure of Dubai Land Department
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has issued Executive Council Resolution No. 17 of 2018 approving the new organisational structure of the Dubai Land Department.

Silhouette Photography winners announced for HIPA Instagram Photo Contest
The Hamdan bin Mohammed bin Rashid Al Maktoum International Photography Award, has concluded the April edition of the Instagram Photo Contest which was titled Silhouette.

Allsopp & Allsopp Helps Brits Buy 30 Billion AED Properties In Dubai
If there was ever any doubt that people from the UK love Dubai and the UAE, the latest figures shared by Dubai Land Department dispel that doubt for good and reinforces real estate agent Allsopp & Allsopp’s decision to advertise all of their sales listings in the UK.

Ministry Of Economy Discusses Cooperation In Advanced Automotive Technology With South Korea
Abdullah Sultan Al Shamsi, Under-Secretary at the Ministry of Economy and Chairman of the Executive Global Innovation Team, and Kim Yungray, Director-General of Commercial Policies at the Ministry of Commerce and Industry of South Korea.

King’s College Hospital London Signs GCAA Screening Referral Agreement With Moorfields Eye Hospital Dubai (MEHD)
King’s College Hospital London in the UAE has signed a service agreement with Moorfields Eye Hospital Dubai (MEHD) to provide General Civil Aviation Authority certified screenings to pilots in the UAE.

DIB Donates AED20 Million To Zakat Fund
Dubai Islamic Bank, DIB, has donated AED20 million of Zakat money to the Zakat Fund in Abu Dhabi to be distributed to eligible applicants.

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