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DUBAI NEWS

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Dubai To Host Largest Meet Of Audit Professionals From Around The World In April
Dubai is hosting the largest conference of internal audit professionals in the region with an expected attendance of more than 1,500 delegates from around the world.

Emirates Islamic Contributes AED 5 Million To Erada Center For Treatment And Rehab
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has contributed AED 5 million to Erada Center for Treatment and Rehab, an organisation tasked with treating substance abuse and addiction.

DIB Completes The Acquisition Of Noor Bank
Having secured necessary approvals from the relevant regulatory authorities, Dubai Islamic Bank (DIB) has today announced the completion of the acquisition of Noor Bank in a transaction structured through a share swap.

SHUAA Leads Issuance Of GFH Financial Group $300 Million Sukuk
SHUAA Capital today announced that along with other parties, it had successfully priced and issued GFH Financial Group’s five-year sukuk at $300 million.

TRA Launches The National Cybersecurity Capacity Building Program
The Program also aims to develop the capabilities of youth in cybersecurity, whether professionals or those working in areas related to IT and Computing, or students and amateurs.

DEWA Wins 3 Trophies At Asian Power Awards
The Dubai Energy and Water Authority, DEWA, won three trophies at the 15th Asian Power Awards in three categories, at a ceremony held in Kuala Lumpur, Malaysia, underscoring the DEWA’s excellence and leadership in the global energy sector.

Etihad Credit Insurance To Support Global Exports Of Conares
Etihad Credit Insurance, ECI, the UAE Federal Credit Insurance Company, will be protecting the export volume of Conares by offering them international trade credit coverage solutions and allowing the steel manufacturer to open new markets.

Dubai To Host World’s Biggest Humanitarian Event In September 2020
The news was announced as part of the UAE delegation’s participation in the 2020 World Economic Forum in Davos. The country was announced as one of ten nations to host Global Citizen’s international ’Global Goal Live’ event.

Opening Traffic Diversion At Ibn Battuta Junction, Discovery Gardens
Dubai’s Roads and Transport Authority (RTA) will open on Friday 24th January 2020 a traffic diversion at the intersection of Ibn Battuta Street at Discovery Gardens in Dubai.

DIFC Unveils New Progressive Employee Workplace Savings Plan That Secures Long-Term Savings Goals For Professionals
DEWS is a progressive end-of-service benefits plan which will be introduced within the DIFC from 1 February 2020 to restructure the current defined benefit end of service gratuity scheme into a funded and professionally managed, defined contribution savings plan.

Dubai Duty Free Welcomes The Year Of The Rat - Unveiled Its Exciting Chinese New Year Initiatives
Dubai Duty Free officially welcomed the ’Year of the Rat’ with an exclusive Chinese-themed celebration in Terminal 3 - Concourse B and Concourse C (Control Tower) of Dubai International Airport.

Emaar Partners With Global Technology Leader Xiaomi For ’Emaar Smart Home’
Emaar Properties signed a Memorandum of Understanding with Chinese global technology leader Xiaomi, which also boasts the world’s largest Internet of Things consumer platform.

DIFC Unveils New Employee Workplace Savings Plan
The Dubai International Financial Centre, DIFC, the leading international financial hub in the Middle East, Africa and South Asia, MEASA.

Dubai Airports Gives The Green Light To Continued Energy Savings
That’s thanks to the completion of a project that replaced 1,880 conventional 1,000W and 2,000W light fixtures with 1,000 new high-performance LED light fixtures across the apron and parking areas of DXB.

Executive Appointment: Tarek El Nahas To Join Mashreq As Head Of International Banking
Mashreq, one of the leading financial institutions in the UAE, has appointed Tarek El Nahas as its new Head of International Banking Group.

RTA Honours Strategic Partners, Media
Roads and Transport Authority (RTA) has honoured strategic partners comprising ministries, public entities and media organisations in recognition of their contributions to the successes of RTA, and the realisation of Dubai Government vision.

3,771 New Muslims In Mohammed Bin Rashid Center For Islamic Culture In 2019
As part of its commitment to promote tolerant values of Islam in Dubai, Mohammed bin Rashid Center for Islamic Culture of the Islamic Affairs and Charitable Activities Department in Dubai (IACAD) announced the proclamation of 3,771 new Muslims in 2019.

Emirates NBD Marks Sustainability Milestone With Three LEED Gold Certified Branches In UAE
Emirates NBD’s branches in Arabian Centre, Umm Suqeim and Burj Khalifa branch have secured the prestigious LEED Gold certification, marking a significant milestone in the bank’s sustainability journey.

DAE Signs New US$300 Million 4-Year Unsecured Term Loan
Dubai Aerospace Enterprise (DAE) Ltd. announced today that it has signed a US$300 million 4-year unsecured term loan with China Construction Bank (DIFC Branch) and China Construction Bank (Asia) Corporation Limited.

Startupbootcamp FinTech Dubai Selects 10 Disruptive Startups For Its 2020 Cohort
Startupbootcamp FinTech Dubai just announced the ten startups selected for their second cohort. The accelerator program launched its first cohort in 2018 and it is backed by UAE’s FinTech leaders, Dubai International Financial Centre (DIFC), HSBC, Visa and Mashreq Bank.

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