UAE

UAE changes methodology to calculate key interest rate

The authorities in the United Arab Emirates have changed methodology to calculate a key interest rate in order to better reflect funding costs for banks in the economy.

Emaar Properties Developer of Burj Khalifa Plans to Build a Taller Tower

Emaar Properties Developer of Burj Khalifa Plans to Build a Taller Tower

With the tallest building of the world under their belt, Emaar Properties a Dubai developer plans to build one that's even taller than Burj Khalifa. The new tower is set to be different with a view! It is planned to have rotating balconies and elevated landscapes that are inspired by the historical hanging gardens of Babylon.

Emirates orders 150 Boeing 777-X planes

Emirates orders 150 Boeing 777-X planesDubai, UAE-based Emirates Airlines on Wednesday confirmed that it had placed an order for 150 777-X planes with manufacturer Boeing Co.

The $56-billion order includes 115 777-9X planes and 35 777-8X planes. It includes purchase rights for an additional 50 planes, which could hike the value of the deal to $75 billion at list prices.

Wynyard shares soar with Middle East deal

Wynyard shares soar with Middle East deal Wynyard Group the crime fighting software-maker has struck another deal in the United Arab Emirates and its share price has leaped to the highest point since the company listed on the NZX.

Wynyard's share price has soared this morning following the news, climbing 14.29 per cent to $1.36, the highest point since the company listed last July.

Dubai Municipality Starts ‘Your Weight in Gold' Challenge

Dubai Municipality Starts ‘Your Weight in Gold' ChallengeThe United Arab of Emirates has not been able to remain free from the vicious circle of obesity. It has been found that authorities concerned have been encouraging people to remain fit and active.

In order to encourage people to lead healthy lives, they are organizing a competition. As per the competition, people will be able to win a gram of gold when they will lose one kilogram of weight.

Novel Coronavirus Claims UAE Elderly Man’s Life

Novel Coronavirus Claims UAE Elderly Man’s LifeAs per recent reports, it has been revealed that an elderly man of 73-years-old from UAE lost his life in Munich due to a novel deadly coronavirus. The World Health Organization said that the virus, which has made its entry for the first time in Saudi Arabia, has killed 11 people till now including the recent death.

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