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DUBAI NEWS

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ENOC Group Secures US$690 Million Term Loan From A Consortium Of Chinese Banks
ENOC Group has secured a five-year US$690 million term loan from a Chinese consortium of banks as China’s biggest financial institutions endorse the Group’s operational and financial health.

Dubai Islamic Bank Outlines Plans To Acquire Noor Bank
Dubai Islamic Bank (DIB), amongst the largest Islamic bank in the world is set to acquire Noor Bank, enhancing Dubai’s position as the capital of Islamic economy and creating the region’s most powerful Shari’a banking group.

IDEA Education Opens Affordable Nursery In Uptown Mirdif
Parents in Mirdif Dubai will welcome the news that a new nursery located in Uptown Mirdif is offering 20% discount on its fees whilst offering parents two weeks of sports camps throughout the year as part of the deal.

Emirates SkyCargo Strengthens Pharma Capabilities
Emirates SkyCargo has announced that it boosted its worldwide pharma handling capabilities and infrastructure, in a bid to reinforce its position as the global market leader for the air transport of temperature-sensitive pharmaceuticals.

Al Tayer Opens Customers And Employees Service Centre At RTA Head Office
HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA) has launched Customers and Employees Service Centre at RTA Head Office in Dubai.

New Patient Network To Support People With Obesity Across ME
A new Patient Network to support people living with obesity, backed by clinicians across the Gulf and Lebanon, is being launched by the World Obesity Federation.

Emirates NBD Highlights Commitment To Preserving Marine Biodiversity On World Ocean Day
Emirates NBD, a leading financial institution in the region, is celebrating World Ocean Day this year by highlighting its commitment to preserving marine biodiversity, under the bank’s Keep the Creek Clean marine conservation programme.

Under Directives Of Mohammed Bin Rashid, Dubai Municipality Restores, Develops Traditional Markets In Deira
Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Dubai Municipality today announced the completion of a project to revive the traditional markets of Deira and preserve its distinctive architecture.

DGCX Records Highest Average Open Interest Since 2016 Following Spike In Indian Rupee Trading
The Dubai Gold & Commodities Exchange (DGCX) saw a spike in Indian Rupee (INR) trading last month as the India election came to a close, leading the Exchange to record a monthly Average Open Interest (AOI) of 406,203 contracts in May, its highest AOI since November 2016.

Emirates Aviation University Programmes Receive Official Accreditation From Royal Aeronautical Society
Emirates Aviation University (EAU) announced today that its undergraduate and graduate engineering programmes are now accredited by The Royal Aeronautical Society.

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