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Abu Dhabi approves $653m housing loans
Abu Dhabi government plans to issue new batch of housing loans worth Dh2.4 billion ($653 million) to more than 1,000 beneficiaries across the emirate in line with its initiative to provide appropriate housing to its citizens, said a report.
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EuroMena buys key stake in Moroccan retail group
EuroMena, a major private equity fund based in Lebanon, said it has acquired a minority stake in Retail Holding, the Moroccan franchisee for French giant Carrefour, Virgin Megastore and fast food chain Burger King.
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Opec, non-Opec conformity level hits 106pc
Organization of the Petroleum Exporting Countries (Opec) and the participating non-Opec countries have recorded the highest conformity ever with their voluntary adjustments in production, achieving a level of 106 per cent, said a report.
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Xpress Money sees 12pc jump in Ramadan remittances
Xpress Money, one of the leading money transfer brands in the UAE, said it has recorded a 12 per cent increase in remittances in the first two weeks of Ramadan compared to the same period last year.
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Nowhere To Go: Iraqi kids trapped in cycles of violence, poverty
Three years since the intensification of violence in Iraq, children are trapped in an endless cycle of violence and increasing poverty and continue to witness sheer horror and unimaginable violence, according to a UN Children's Fund (Unicef) report.
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Abu Dhabi Ports unit launches key e-payment solutions
Maqta Gateway, a subsidiary of Abu Dhabi Ports, and the developer and operator of Maqta Port Community System (MPCS), has announced the launch of new innovative solutions covering online payment and licensing services.
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Viceroy Palm Jumeirah wins favourable DIFC ruling
DIFC Courts has issued an order prohibiting the owner of the Viceroy Palm Jumeirah Dubai hotel from taking any further actions to prevent Viceroy Hotels and Resorts from exercising its exclusive authority to manage and operate the hotel.
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Cisco unveils networking tool to tackle cyberattacks
Cisco has launched a network that represents a significant breakthrough in enterprise networking. Designed to be intuitive, it can recognise intent, mitigate threats through encryption, and learn over time, unlocking opportunities.
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Nissan names new COO for Saudi Arabia
Japanese automaker Nissan has appointed Bader El Houssami as the new chief operating officer for Saudi Arabia effective July 1. Based in Jeddah, he will be responsible for the company’s day-to-day operational functions within the kingdom.
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World population to hit 9.8bn by 2050, says report
The world population is now 7.6 billion, up from 7.4 billion in 2015, spurred by the relatively high levels of fertility in developing nations – despite an overall drop in the number of children people have around the globe, said a report.
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Eid celebrations begin in Bahrain, GCC
Bahrain has declared Sunday (June 25) as the first day of Eid Al Fitr after official announcements were made in Saudi Arabia of sightings of the new Shawwal crescent. The UAE has also announced that Eid will begin tomorrow.
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Esol to open new American school in Bahrain
Dubai-based Esol Education, a leading organisation specialising in the establishment and management of international schools around the Middle East and Mediterranean, will be opening a new American school in Bahrain in September of 2019.
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Arabs give ultimatum to Qatar: shut Al Jazeera, curb Iran ties
Four Arab states - Saudi Arabia, the UAE, Bahrain and Egypt - that imposed a boycott on Qatar have handed a list of 13 demands, including closure of Al Jazeera TV and curbing Iran ties - and gave Doha 10 days to comply with the demands.
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