Fitch affirms Bank of Sharjah’s ‘BBB+’ rating; outlook stable
Fitch Ratings has affirmed Bank of Sharjah’s long-term issuer default rating (IDR) at ‘BBB+’ for the second year in a row, with a stable outlook. Affirming Bank of Sharjah’s rating reflects the bank’s strong market position and franchise that is supported by access to Sharjah-government businesses and projects, according to a press release on Sunday. […]
UAE: Visa cancellation process after job loss or resignation explained
I might lose my job. If I have my family here in the UAE under my sponsorship, how does the company go about cancelling my visa? How long can I stay here? At the end of that period, how can my family and I continue staying here legally? Pursuant to your queries, it is assumed […]
UAE: Breaks during work hours mandatory under employment law
Question: I recently read about an employment rule in the UAE that mandates breaks for employees during work. Can you explain this to me? Is it a mandatory requirement? Where and how can I complain if my employer refuses to give me this option? Response: Pursuant to your queries, it is assumed that you are […]
Airports, airlines and ANSPs urged to team up for growth
International air navigation service providers, airports and airlines must reunite and explore ways to stay resilient in the post-pandemic era, said a top official at the Global Airport Leaders’ Forum at the recent Airport Show in Dubai. “It is important that international air navigation service providers, airports and airlines reunite and open a new dialogue […]
UAE among world’s top tea exporting countries: FCSC
The UAE is a global hub in the tea export market, with total exports of about AED1.2 billion in 2020, according to a report by Federal Competitiveness and Statistics Centre (FCSC). The figures place the UAE among the top 5 tea exporting countries in the world, according to the report, which adds that the Emirates […]
Floyd Mayweather dazzles in Abu Dhabi exhibition fight
Fight fans were treated to a thrilling night of action as Floyd Mayweather, the undefeated American boxing champion, dominated Don Moore at Yas Island’s Etihad Arena on Sunday. Mayweather had hung up his gloves in 2017 but the 45-year-old American was back in action for this exhibition bout – his first in the UAE. And […]
Mövenpick opens new 166-room hotel at Jumeirah Village
Swiss hospitality chain Mövenpick Hotels & Resorts has announced the opening of its new property located in the heart of Jumeirah Village Triangle (JVT) in Dubai featuring 166 rooms and suites. A perfect urban scape with well-equipped facilities for both kids and adults, Mövenpick Hotel Jumeirah Village Triangle aims to take family-friendly accommodation to the […]
UAE: Up to $136,000 fine for blackmailing, threatening others online
The UAE Public Prosecution has announced a minimum fine of Dh250,000 and a maximum penalty of Dh500,000 for threatening or blackmailing someone online. Violators will also be sentenced to prison for a maximum of two years. In a post shared on social media, the Public Prosecution said the penalties are aimed at combating electronic crimes […]
Millennials home in on Dubai
A few years ago, Jatin and Sherry Gupta, a young millennial couple, he a banker in his early 30s, she a PR consultant (and founder of Excel Comms) in her late 20s, moved to Dubai from Doha. It was a transfer they had actively sought because they both felt Dubai would be a “good […]
UAE’s concern over the environment continues to intensify: Nahyan bin Mubarak
Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, has reiterated the UAE’s concern over climate and environment, noting “a strong connection between our spiritual values and how we care for the environment.” Sheikh Nahyan made the remarks at a large-scale public event at Dubai World Trade Centre (DWTC) in the presence […]