Huawei has announced the launch of First Abu Dhabi Bank’s (FAB) mobile banking app, on Huawei AppGallery, allowing users to manage their accounts and credit cards directly from their mobile devices. The FAB mobile banking app allows UAE customers to manage their accounts, credit cards, transfer money, and pay their bills directly from their mobile […] Read more
Dubai property prices rising again? Depends on where you are looking. According to Lewis Allsop of Allsop & Allsop, selective gains are showing up at The Springs. “We have a 2E that we sold eight months ago for Dh2 million that we have just re-sold for Dh2.07 million. “This may seem a small increment – […] Read more
I worked for a private company for five years. My company is likely to experience financial problems soon. Does the UAE Labour Law allow me in this case to ask my employer for my dues now, without submitting my resignation. In other words, am I entitled to receive my dues while I am at the […] Read more
Dubai property developer Nakheel has cut salaries by as much as half as the pandemic hits Dubai property developers and mall owners. The salary cuts took effect from April 1 and varied according to employee grades the developer said in a statement to Arab News. Earlier Reuters reported the job cuts and the departure of […] Read more
Dubai property magnate Hussain Sajwani has repeated calls for an immediate halt to construction, warning the city faces “disaster” if oversupply continues. “Nothing has changed,” Sajwani told World News Network moderated panel at the Salt Conference in Abu Dhabi on Wednesday. “The glut of supply we have, or we are going to have, will have […] Read more
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Dubai property developer Damac has canceled its dividend payments, conceding slumping profitability and a weak market are hurting its operations. “Kindly be advised that Damac confirms the news shared on the media in respect of non-distribution of dividends in light of the low profitability and the weak market,” the company said in a statement to […] Read more
Etihad Aviation Group and Air Arabia announced on Wednesday they have signed an agreement to launch Air Arabia Abu Dhabi, the first low-cost carrier based out of the UAE capital. The two aviation companies will establish a joint venture that will operate as a budget airline based out of Abu Dhabi International Airport. The board […] Read more
The United Arab Emirates will lift a ban on its citizens travelling to Lebanon from Tuesday, UAE state news agency WAM said Monday, as a Lebanese delegation visits Abu Dhabi seeking support for its ailing economy. The UAE’s close Gulf ally Saudi Arabia said in February it was lifting its own advice to citizens not […] Read more