Arab markets continue to fall

Arab markets continue to fallThe current market conditions are unstable due

Bank lending rates cut by UAE Central Bank

Bank lending rates cut by UAE Central BankA two-percentage cut point in the lending rate to 3 percent by the Central Bank of the United Arab Emirates (UAE) was announced on Wednesday.

A report issued in this concern also informed about the lowering of the rate on its re-purchase of certificate of deposit (REPO) from 2 percent to 1.5 percent with effect from Wednesday.

Dubai Exchange drops in the phase of Global Financial crisis; Gulf States assure investors

Dubai Stock ExchangeIn the state of Global Financial Crisis, the Dubai exchange fell by eight percent, which has indicated one thing that the Gulf's most aggressive experiment in economic expansion is in trouble. Similar effects were seen in other markets also, as Saudi Arabia, the world’s largest oil producer, too had to console and convince its investors.

ED claims; at least 10 bank accounts held by a Pune businessman in Dubai

Avinash Bhosale, a Pune-based businessman has been ordered by the Bombay High Court to submit details of all of his accounts in India and abroad, within a time span of a week. This comes after the court was informed about the extent of his undisclosed and unauthorized banking transactions in India and abroad by the Enforcement Directorate (ED).

First female judge appointed in UAE

First female judge appointed in UAEOn Tuesday, Khulood Ahmed Jawan Al Dhaheri, became the first woman to be appointed as judge in the Unites Arab Emirates (UAE).

The minister of presidential affairs and chairman of the judiciary department of Abu Dhabi, Sheikh Mansour bin Zayed Al Nahyan was present before Dhaheri when she took the oath.

Abu Dhabi crown prince welcomed by Iraqi PM

Abu Dhabi crown prince welcomed by Iraqi PMIn the latest high profile visit by regional Arab dignitaries to Iraq, the crown prince of Abu Dhabi was welcomed by Iraq’s PM.

It was reported by Sheik Mohammed Bin Zayed Al Nahyan, who is also the deputy commander of the United Arab Emirates’ that his visit aims at building and strengthening friendly ties between the two countries.