Interesting News & Facts

  • Sharjah Islamic Bank issues sukuk to raise Dh266 million

       January 4, 2018     
    Sharjah Islamic Bank (SIB) has successfully completed the issuance of Dh266.8 million worth of sukuk convertible into equity of the bank to the Sharjah Social Security Fund (SSSF). The move came in line with the Year of Giving (2017). The announcement was made by Abdul Rahman Al Owais, chairman of the board of directors of SIB, who stressed that the Ruler
  • Hamdan bin Mohammed meets with co-founder of Google

       January 4, 2018     
    H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has met with Sergey Brin, Co-Founder of Google and President of Alphabet Inc., Google’s parent company. Sheikh Hamdan praised Brin’s knowledge and scientific journey, which is crowned with international success. "Sergey’s
  • Mohammed bin Rashid pens heartfelt letter, thanks Mohamed bin Zayed

       January 3, 2018     
    Ahead of the 12th anniversary of his accession day on January 4, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has penned a heartfelt letter to His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. In it, he has urged re
  • Dangal is the first film to witness overseas collections being at par with domestic markets.

       January 3, 2018     
    The film has been one of the most successful and Biggest Bollywood blockbuster film in China. Dangal has a received a strong positive word of mouth in China and is one of the most watched films in China. The film was loved by the Chinese audience and had created a rage in China as soon as the film released. The film had done a mindblowing business
  • VAT: It's business as usual in UAE

       January 2, 2018     
    It was business as usual on Monday on the first day of implementation of value-added tax (VAT) in the UAE as the residents took the five per cent consumption levy in their stride. Most of the groceries, cafes and shops in malls reported normal activity with residents and tourists shrugging off the small hike in prices. Though there were some minor
  • Manchester United lift Mourinho's spirits with 2-0 win

       January 2, 2018     
    Manchester United put a smile back on Jose Mourinho's face as fine goals from Anthony Martial and Jesse Lingard sealed a 2-0 win over Everton, while Liverpool left it late to snatch a 2-1 victory at Burnley on Monday. Martial started in the absence of the injured Romelu Lukaku and the United forward broke the deadlock in the 57th minute at Goodison Park.
  • Dubai breaks Guinness World Record on New Year

       January 1, 2018     
    Dubai welcomed 2018, the 'Year of Zayed', with a Guinness World Record title as hundreds of thousands of spectators were left spellbound by "Light Up 2018', a laser light show at Burj Khalifa. At the stroke of midnight, the world's tallest tower danced in ethereal web of lights after paying tribute to the founding father of the UAE, the late Sheikh Zayed b
  • VAT rings in a new era for UAE

       January 1, 2018     
    From today, the way the UAE businesses conduct their day-to-day operations and the spending habits of residents will see a major shift as the UAE moves away from tax-free nation by levying a five per cent Value-Added Tax (VAT) on goods and services. With VAT imposed on most of goods and services, some have been exempted and zero-rated, the government is pr
  • UAE public holidays for 2018 announced

       December 31, 2017     
    The Abu Dhabi government has announced the list of public holidays for 2018. A statement issued on the government portal, earlier this week, said: "The following list shows the public holidays in the UAE for the year 2018. The official reference to determine Islamic occasions, such as the beginning of Ramadan or Haj, is the Hijri Calendar. It is based on t
  • Dates announced for Fazza falconry championship

       December 31, 2017     
    Birds of prey traditionally used for hunting in the desert will race for glory when the Fazza Championship for Falconry - Telwah (the lure) kicks-off in the New Year. Organised and supervised by the Hamdan Bin Mohammed Heritage Centre (HHC), the strongest racing falcons will be unleashed during the competition, which will be held from January 2 to 15 at th

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