The United Arab Emirates (UAE) capital of Dubai remains flooded after a deluge of rain that fell earlier this week. By Tuesday, 142 millimetres had fallen in about 48 hours – which is about 50 per cent more than the annual total precipitation. The Dubai International Airport is the world’s busiest for international travel and … Read more
DUBAI: The United Arab Emirates was still grappling on Thursday with the aftermath of a record-breaking storm this week that brought much of the country to a standstill. In Dubai, operations at the airport, a major travel hub, remain disrupted after Tuesday’s storm flooded the runway, resulting in flight diversions, delays and cancellations. The airport … Read more
Heavy rains lashed the United Arab Emirates on Tuesday, flooding out portions of major highways and leaving vehicles abandoned on roadways across Dubai. Meanwhile, the death toll in separate heavy flooding in neighboring Oman rose to 18 with others still missing as the sultanate prepared for the storm. The rains began overnight, leaving massive ponds … Read more
The desert nation of the United Arab Emirates attempted to dry out Wednesday from the heaviest rain ever recorded there after a deluge flooded out Dubai International Airport, disrupting flights through the world’s busiest airfield for international travel. The state-run WAM news agency called the rain Tuesday “a historic weather event” that surpassed “anything documented … Read more
Severe thunderstorms hit the United Arab Emirates on Tuesday, causing heavy flooding in Dubai. The city received an unusually large amount of rain, equivalent to a year and a half’s worth, in just a few hours. This extreme weather disrupted traffic on major roads and operations at Dubai International Airport, one of the busiest airports … Read more
India would benefit from a move of over 70 nations like the UK, UAE and Australia that have agreed to take on additional obligations in the services sector under an agreement of the WTO, an official said on Tuesday. These WTO (World Trade Organisation) members are taking the additional obligations under the General Agreement on … Read more
An international watchdog said Friday that it was removing the United Arab Emirates from its so-called gray list of countries that don’t take full measures to combat money laundering and terrorism financing. The announcement was made by the Paris-based Financial Action Task Force following its meeting in the French capital. The FATF welcomed the UAE’s … Read more
Gulf investors are poised to get their first regional exchange-traded fund tracking Indian equities. Lunate Capital LLC is launching the Chimera S&P India Shariah ETF, replicating the performance of the S&P India Shariah Liquid 35/20 Capped Index. The fund will track the performance of Shariah-compliant Indian equities listed on the Bombay Stock Exchange. Indian stocks … Read more
