Dubai Islamic Bank launches Al Islami Takaful Riayati

January 4th, 2010

Dubai Islamic Bank (DIB) announced today the launch of Al Islami Takaful Riayati, a comprehensive accidental death and disability insurance plan offered at a very affordable annual premium. This innovative Sharia-compliant product is underwritten by SALAMA-Islamic Arab Insurance Company, and complements the bank’s existing portfolio of diverse products and services.
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Dubai World could repay bank loans in full

December 28th, 2009

Top Dubai officials have been in talks with creditors in London on the possible repayment of all the banking debt owed by the troubled subsidiaries of the Dubai World group, a newspaper said on Sunday.

“The possibility of repaying all bank loans in full was discussed as a medium-term possibility” in the talks held between the delegation and financial leaders in London, The National said, quoting participants.

Dubai sent its ruler’s uncle, Sheikh Ahmed bin Saeed al-Maktoum, who heads its Supreme Financial Committee, and his deputy Mohammed al-Shaibani, to London to discuss Dubai World’s debt problems, after asking last month for a six-month freeze on payments to allow parts of the group to be restructured.
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Rain in Dubai and Sharjah

December 27th, 2009

Light rain fell in parts of Dubai and Sharjah on Saturday, with the Dubai Meteorological Office forecasting more chances of rain in the morning.

A marine warning has been issued and the seas will be out of bounds for sailors and fishermen until Tuesday, according to forecasters. Waves up to ten feet are expected offshore.

The weather is expected to be partly cloudy, breezy and warm on Saturday afternoon and evening, with a maximum temperature of 25 degrees Celcius and a minimum temperature of 20 degrees Celcius.
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