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DUBAI NEWS

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CBUAE Announces New Caps On Banking Fees For Customers
UAE Central Bank (CBUAE) announces that it has published an Amendment to ’Annexure 2’ of the Regulations Regarding Bank Loans & Services Offered to Individual Customers (2011).

DEWA Urges Customers To Limit Use Of Electrical Appliances During ’Peak Load’
Dubai Electricity and Water Authority (DEWA) has launched the ’Peak Load’ awareness campaign to encourage people to limit the use of appliances that use a lot of energy during peak-load hours from 12-6pm.

Emirates Islamic Receives Two Awards At Banker Middle East Product Awards
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has received two awards at the Banker Middle East Product Awards took place in Dubai recently.

RTA Attends Tests Of Telecommunication Systems Of Route 2020 In Italy
A delegation from RTA’s Rail Agency in Dubai has recently visited Thales Factory in Italy to attend factory tests of the Broad Band Radio Wireless Telecommunication Systems of Route 2020 Project. They have also attended the test of the Onboard Control System of the Project.

AMAF Signs MoU With Emirates NBD To Develop Educational Endowments
Awqaf and Minors Affairs Foundation, AMAF, has signed a Memorandum of Understanding, MoU, with Emirates NBD as part of its ongoing efforts to boost educational endowments and enable minors under its care to continue their higher studies.

DIFC To Expand FinTech Offering In Partnership With Startupbootcamp
Dubai International Financial Centre, DIFC, announced today that it is entering a partnership with Startupbootcamp, to support the development of the growing FinTech and venture capital ecosystem in the Centre as well as promote entrepreneurship in the region.

Emirates NBD signs with Amwal Brokerage for General Clearing Member services
Emirates NBD, a leading bank in the region, announced that UAE-based Amwal Brokerage has signed up as trading member to avail the bank’s settlement and clearing services.

Conmix Recognizes Employee’s Loyalty and Dedicated Service
Mr. Jina Chandran, Sales & Marketing Manager of Ready Mix Concrete Division, is celebrating 25 years in CONMIX. On 18th of June, 2018, Mr. Lothar Hellenkamp (CEO) awarded Mr. Jina a token recognizing his exemplary performance, dedication and loyalty to the company. Division and Department Heads were

Minister Of State For Artificial Intelligence, MBRSG Sign MoU To Empower Future Leaders
The MoU is part of the UAE Artificial Intelligence Summer Camp initiative. It provides an opportunity for specialised individuals in the public and private sectors, and school and university students to learn about effective implementation mechanisms for the UAE Strategy for AI.

Dubai Duty Free Chief Hails Irish Open Sponsorship Success
Dubai Duty Free’s Executive Vice Chairman and CEO Colm McLoughlin hailed the success of the company’s association with the Dubai Duty Free Irish Open following a four-year extension of its title sponsorship which will take the partnership through to 2022.

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