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UAE opens sovereign Sukuk market to individual investors / Image – file For the first time, UAE residents and citizens will be able to invest directly in government-backed Islamic Treasury Sukuk with as little as Dh1,000, opening a market that was previously reserved largely for institutional investors.The UAE Ministry of Finance has launched the country’s…
A tourist who believed she had lost Dh3,000 forever during a shopping trip in Dubai received an unexpected surprise after Dubai Police tracked down the missing cash and transferred it to her bank account after she had already returned home. Tourist reports cash loss before departure The Arab tourist realised she had misplaced the money…
Shajeer Venga wins Rs 5 crore in Sharjah Islamic Bank’s millionaire campaign. Just weeks after opening a savings account with Sharjah Islamic Bank, an Abu Dhabi-based Indian expatriate has won the Dh2 million grand prize in the bank’s Millionaire campaign. The winner,Shajeer Venga, 34, opened his account through the SIB Digital App and was selected…
The UAE Cabinet has approved a resolution setting 15 as the minimum age for children to access and use social media platforms, becoming the first Arab country to introduce such a measure, news agency Reuters reported.Under the new regulations, children below 15 years of age will not be allowed to create or operate personal social…
Saudi Arabia reminds motorists to check window tinting rules / Image – file Saudi Arabia‘s General Traffic Department has issued a fresh warning to motorists, reminding drivers that violating the Kingdom’s vehicle window tinting regulations could result in fines ranging from SR500 to SR900.The reminder comes as authorities continue efforts to improve road safety and…
Saudi Arabia and Portugal have signed an agreement granting mutual visa exemptions for holders of diplomatic and special passports, marking a new step in strengthening relations between the two countries.The agreement was signed in Lisbon on Tuesday by Saudi Minister of Foreign Affairs Prince Faisal bin Farhan and Portugal’s Minister of State and Foreign Affairs…
Four Indians from Kerala have each bagged Dh25,000 in Big Ticket’s first weekly e-draw for June, with the winners currently residing in the UAE, Qatar and the United Kingdom, Khaleej Times reported.The latest round of winners includes two UAE residents, one resident of Qatar and one based in the UK, all of whom secured cash…
Foreign investors eligible for new 15-year residency permit in Kuwait Foreign investors looking to build long-term businesses in Kuwait could soon have a much stronger reason to stay.In a major policy shift aimed at attracting global capital, Kuwait has unveiled a new residency programme that will allow eligible foreign investors, business owners and senior executives…
A 38-year-old Indian expatriate who had lived in Dubai for nearly 15 years, died after collapsing during a routine cricket match.Mohammed Safwan Shanu hails from Bhatkal in Karnataka Safwan was batting during a weekly Sunday morning cricket game when he suddenly collapsed on the pitch at around 7.10am. Teammates rushed to help and called an…
Saudi Arabia’s Supreme Court has announced that Tuesday, June 16, marks the first day of Muharram 1448 AH and the beginning of the Islamic New Year.The announcement came after the sighting of the Muharram crescent moon on Monday evening.The UAE has also confirmed Tuesday, as the first day of Muharram and the beginning of the…
