Interesting News & Facts

  • Don't hike fees due to VAT, UAE banks told

       December 30, 2017     
    The Central Bank of the UAE has asked local banks not to increase the existing fees for customers due to the upcoming value added tax (VAT). "Banks and finance companies will not be permitted to exceed the fees structure for individual customers because of VAT," reads the notice sent by the apex bank to local banks in the UAE on Thursday. It also asked the
  • Want to lose fat in UAE without exercise? Just use this patch

       December 30, 2017     
    Researchers have developed a new type of skin patch that may reduce body fat and obesity by turning energy-storing white fat into energy-burning brown fat. According to the researchers, brown fats are found in babies and they help to keep the baby warm by burning energy. As humans grow older, the amount of brown fat lessens and is replaced with visceral wh
  • 18 new UAE attractions to look out for in 2018

       December 30, 2017     
    There is much to look forward to in the new year, especially since 2018 has been declared the Year of Zayed, to mark the the UAE's founding father's 100th birth anniversary. Emiratis, expats and visitors to the country can therefore brace themselves for some stunning attractions across the country, which will surely make 2018 a year to look forward to.
  • Abu Dhabi hosts world yoga contest on Saturday

       December 28, 2017     
    Come Saturday, yogis from the country and abroad will unite in the Capital. The World Yoga Sports Ranking Championship to be held in Abu Dhabi for the first time will have participants from India, Thailand, Malaysia and good number of yoga lovers from the UAE. The event organised by Indian Yoga Federation is coordinated by Abu Dhabi-based yoga specialist S
  • World’s wealthiest gain $1 trillion in 2017 on market exuberance

       December 28, 2017     
    New York, Princeton The richest people on earth became $1 trillion richer in 2017, more than four times last year’s gain, as stock markets shrugged off economic, social and political divisions to reach record highs. The 23 per cent increase on the Bloomberg Billionaires Index, a daily ranking of the world’s 500 richest people, compares
  • New Year fireworks in Dubai to begin at 8pm on December 31

       December 27, 2017     
    The Global Village recently announced the New Year's Eve celebrations with a host of mega shows, entertainment and concerts, topped by fireworks. It will celebrate the New Year not only of the UAE, but also of six other countries around the world through seven countdowns and fireworks displays. The first fireworks show begins at 8:00pm UAE time and will cel
  • Sheikh Mohammed receives 'Informatics Medal'

       December 27, 2017     
    His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has received the 'Informatics Medal', in the presence of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and
  • UAE bank lending grows on economic activity

       December 26, 2017     
    Lending by UAE banks increased month on month in November 2017, reflecting increased economic activity in the country. According to the UAE Central Bank's figures, gross credit increased 0.7 per cent, rising from Dh1.584 trillion at the end of October 2017 to Dh1.594 trillion at the end of November 2017. During November 2017, total bank deposits als
  • Dubai Shopping Festival to start with 12-hr super sale

       December 26, 2017     
    With mega sales and one-of-a-kind outdoor markets, spectacular fireworks and a scintillating performance by Egyptian megastar Mohamed Mounir, 23rd edition of the Dubai Shopping Festival officially begins today. The month-long annual event, taking place until January 28, 2018, will feature mega raffles that offer residents and visitors prizes worth up to Dh1
  • Shaikh Mohammad tours Dubai Safari

       December 26, 2017     
    Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Sunday visited Dubai Safari Park and toured its various sections. He was ccompanied by Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation, Chairman and Chief Executive of Emirates airline and Group, and Shaikh Ahma

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