Monday, March 25, 2019

UAE Dirham Stands Strong Against Emerging Market Currencies

"The US dollar - and consequently the dirham - has strengthened against the emerging market currencies this year and this does help in reducing the import prices. (Shutterstock) Follow > ,...

The Week Ahead In Biotech: Conferences, PDUFA Dates And Clinical Trial Results

Biotech stocks saw a resurgence this week, as a post-earnings follow-up rally and company-specific news offered support. The iShares NASDAQ Biotechnology Index (ETF) (NASDAQ: IBB) gained about 1.5 percent. The following catalytic biotech...

This Middle East city offers among the lowest rates for used cars

Mapping the World's Prices report by Deutsche Bank showed Dubai is among the cheapest to buy mid-size cars while Singapore is the most expensive <!-- -->Hammad said  many pre-owned vehicles...

Dubai Hotels Report RevPAR Decline in July 2018

STR’s preliminary July 2018 data for Dubai, United Arab Emirates, indicates performance consistent with strong growth in both supply and demand.        Based on daily data from July, Dubai reported the following in...

Aldar’s profit drops over 28% in Q2

Abu Dhabi – Mubasher: Aldar Properties on Tuesday said its profits declined during the second quarter and first half of 2018. The Abu Dhabi-based giant developer logged AED 445.227 million ($121.24 million) between April and June,...

UAE: Abuse swallows up to 15% of health premiums

Abuse of health services cost 10-15% of total collected premiums, according to insurance industry players. With total health insurance premiums reaching AED19.4bn ($5.3bn) in the local market, a 15% rate would equal AED2.9bn,...

UAE denies making any financial aid offer to flood-hit Kerala

Kerala Chief Minister Pinarayi Vijayan had announced on August 21 that the UAE will provide Kerala an assistance of $100 million. The UAE’s ambassador to India, Ahmed Albanna, reiterated what his country announced a...

UAE: Insurers impose new fees on motor policies

Insurance companies operating in the UAE market have recently begun charging a vehicle insurance fee of between AED20 ($5.44) and AED25, managers of brokerage firms say. They noted that the companies considered the...
Dubai Forum - Dubai News

Gerhard Schubert Joins Physical Gold Fund

  GRAND CAYMAN, Cayman Islands, Aug. 07, 2018 (GLOBE NEWSWIRE) -- Physical Gold Fund (PGF), a world leader in physical allocated gold is pleased to announce the appointment of Mr. Gerhard Schubert to its Advisory...

UAE: Local insurance sector’s net profits soar 40% in 2Q 2018

Net profits posted by the local insurance sector in the UAE notably increased by 40% to AED994m ($270.6m) for the second quarter of this year from AED712m for 2Q2017, according to the 2Q2018...