The string new legislations, some which were issued in October, include the netting law, public debt law, anti money laundering law, and central bank law, as well as risk management and internal audit and control and dormant accounts regulations. (Shutterstock)
November 19, 2018 - 09:41 GMT
The Board of Directors of the UAE Banks Federation (UBF) welcomed a series of new laws issued recently by the government and said they would help boost the competitiveness of the economy while positively impacting the banking sector.
 Do not use hazard lights (they are meant for standing cars in case of an emergency) (Shutterstock)
November 18, 2018 - 06:17 GMT
The Roads and Transport Authority (RTA) of Dubai has issued special warning text messages to UAE residents, asking them to exercise caution while driving in rough weather conditions. The authority said drivers who use high beam will be slapped with a Dh 500 fine and four black points.
The suspects were also accused of forging the signatures of others to buy mobile phone cards. (Shutterstock)
November 14, 2018 - 11:36 GMT
Three Africans have stood trial at the Ras Al Khaimah Criminal Court for trapping a woman in a fake prize scam and duping her of Dh42,000.
It is not surprising therefore, that it is estimated that only 6% of family businesses will make it to the third generation if those current structures are not made more effective and compliant. (Shutterstock)
November 13, 2018 - 11:50 GMT
Ninety two percent of respondents to a survey launched at Jersey Finance’s new office in the DIFC Monday said that High Net Worth [HNWI] GCC clients are poorly prepared and inadequately structured for the transition of wealth across generations.
Double digit number plates were also offered during the fiercely fought auction. (KhaleejTimes)
November 12, 2018 - 09:53 GMT
A vehicle number plate was sold for a whopping Dh5 million at a fiercely fought auction in Sharjah.
Authorities are coming up with new ways to fight the menace. (Shutterstock)
November 11, 2018 - 08:00 GMT
Every day, social media users go through hundreds of advertisements, many of them promoting healthcare services.
Those engaging in hate speech on social media are committing a cybercrime punishable under the law. (Shutterstock)
November 08, 2018 - 04:11 GMT
Abu Dhabi Police have warned residents that slandering people on social media can be fined up to Dh500,000 and face a 3-year jail term.
Teachers who participated in the award will take part in training courses at leading academic institutions. (Shutterstock)
November 07, 2018 - 08:42 GMT
Rashid Ali Hashim, a physical education teacher from the UAE, and Fawaiya Dhwaiher Al Meghmasi, a maths teacher from Saudi Arabia, announced as winners of the first Mohamed Bin Zayed (MBZ) Award for Best GCC Teacher.
The initiative will improve operational efficiency and the quality of services offered to customers. (Shutterstock)
November 06, 2018 - 09:04 GMT
Abu Dhabi residents will now request and renew residents parking permits and pay Mawaqif violation tickets through online, according to authorities.
The energy industry, which was the highest paying sector earlier, has not seen a downward shift with a projected hike of four per cent, which is below the market average. (Shutterstock)
November 05, 2018 - 09:16 GMT
Salaries in the UAE are projected to increase 4.8 per cent next year, with the highest hike likely in life sciences, consumer goods and high-tech industries, according to global consultancy Mercer.
Blueground in-house interior design team works with individual and corporate property owners - such as Emaar Properties, Meraas Holding, Daman Investments, Orra Intl and others. (Shutterstock)
November 04, 2018 - 03:59 GMT
Blueground, the hospitality-tech company that is transforming the experience of big city living, has announced that it has completed a new funding of $12 million (approximately Dh44 million) from a group of renowned global investors, including Dubai-based Jabbar Internet Group, VentureFriends, and Endeavor Catalyst. The latest investment marks the fourth and largest round of funding for Blueground, bringing the total investment from global investors in Blueground to nearly $20 million (approximately Dh73.5 million).
Prices in Dubai declined 3.8 per cent year on year in Q3 2018. (Shutterstock)
November 01, 2018 - 09:46 GMT
Prime property has become more affordable in Dubai as prices continued their downward trajectory in the third quarter of 2018.
Islamic banking is catching up very closely with the conventional banking system. (Shutterstock)
October 31, 2018 - 09:30 GMT
The UAE residents' preference for Islamic banks products such as personal and auto finance is growing over the conventional banks, thanks to better interest rates and lower late payment charges imposed by Shariah-compliant lenders on the customers, according to a new study released on Monday.
Banks, have to work with fintech firms rather then consider them competition. (Shutterstock)
October 30, 2018 - 09:39 GMT
UAE based RAKBANK says it is in the process of tying up with three new fintech firms, in an attempt to ramp up its technology solutions and offerings.
Dubai citizens and residents will soon be able to make digital payments for school fees, bills and retail purchases. (Shutterstock)
October 29, 2018 - 09:18 GMT
Dubai citizens and residents will soon be able to make digital payments for school fees, bills and retail purchases with a stable, digital currency after a partnership between blockchain payment providers and emcredit – Dubai’s Credit Bureau.
The Abu Dhabi Police have issued a warning about proliferating real estate scams that may rob a person of one's savings through bogus ads on social media websites. (Shutterstock)
October 28, 2018 - 10:16 GMT
Looking to rent an accommodation? Don't fall for that online ad which promises a flat at an extremely cheap price. It could be fake and dupe you of your hard-earned money.