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UAE banks continue to lead Gulf peers with $748 billion worth of assets - Dotemirates
6 day 11 hour

UAE banks continue to lead Gulf peers with $748 billion worth of assets

ABU DHABI, 12th September, 2018 (WAM) -- The UAE banking sector has continued to top other GCC counterparts in terms of assets value during H1 2018, with a total value of AED2.7 trillion (US$748 billion), a growth of 2 percent compared to the end of 2017. According to industry experts, the UAE banking sector’s leading edge corroborates the robust financial solvency it enjoys given the open financial and economic policy being adopted by the country, which resulted in encouraging many international financial institutions to invest in this sector. The Saudi banking sector came second with a total asset value of...


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UAE News

Dr. Maitha Al Shamsi attends Chinese embassy's reception.

9/19/2018Dr. Maitha bint Salem Al Shamsi, Minister of State, attended a reception hosted last night by Ni Jian, Ambassador of China to the UAE, on the occasion of the 69th National Day of his country.In his speech on the occasion, the Chinese Ambassador commended the outstanding bilateral relations between the UAE and his country in various fields, hailing the wise leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan.Saeed Abdullah Al Qamzi, Director of Visits Affairs at the Ministry of Foreign Affairs and International Cooperation, members of the Arab and foreign diplomatic corps accredited in the UAE and...

President, VP, and His Highness Sheikh Mohamed bin Zayed congratulate President of Chile on Independence Day.

9/19/2018President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of congratulations to President Sebastian Pinera of Chile, on the occasion of his country's Independence Day, which is celebrated annually on 18th of September.His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, dispatched similar messages to President Pinera on the occasion.​
34 minute 26 second

Bill Gates thanks UAE for role in the fight to end world poverty

ABU DHABI, 18th September, 2018 (WAM) -- The philanthropist Bill Gates has thanked the UAE for its support in working to eliminate deadly diseases and reduce world poverty. Mr Gates was speaking on the eve of the launch of the 2018 Goalkeepers Report, produced by the Bill and Melinda Gates Foundation, and which measures progress towards goals for sustainable development by 2030 set by the United Nations three years ago. In an interview with The National, Mr Gates said the foundation was "extremely thankful for the generosity of the UAE, including the ruling family, the government and a lot of...

1 hour 6 minute

Dubai teenager unveils her first single online

Leah Depala, a 13-year-old, has become the latest Dubai talent to launch herself into the global stratosphere with her song ‘Cold’ which she wrote and recorded in just two days! Hours after posting her new single online the ratings hit the roof, with hundreds of hits in just a few hours. With a passion for performing, releasing her single online was a natural step for Depala (seen above), who harbours a passion to be a professional singer and actress. ‘Cold’ is a mature look at a hypothetical failed relationship. When asked where she found the inspiration for such an intense...
2 hour 56 minute

Space travel a dream for many in UAE

Space fanatics in the UAE are now hopeful that they will travel to the moon once in their lifetime. Their ambitious goal was set after the world's first private passenger to fly around the moon was announced by SpaceX on Tuesday. The passenger is Japanese billionaire Yusaku Maezawa, who is the 18th richest man in Japan and has a $2.9 billion fortune, according to Forbes. He is the founder of Zozo, which is the largest online fashion retailer in Japan. The trip is set to take place in 2023 onboard SpaceX's spacecraft, called BFR. Amir Abdou, a 17-year-old student at...
3 hour 38 minute

Flexible work hours for UAE parents to attend school activities

Federal government employees can opt for flexible working hours to attend parents' meetings at their children's schools or attend graduation ceremonies and other school activities. A resolution adopted by the UAE Cabinet - chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, gives employees up to three hours to be part of their children's school activities. "The UAE Government, through the National Programme for Happiness and Quality of Life, is keen to promote and consolidate social and family ties in the community," said Ohoud bint Khalfan Al Roumi,...