Baazov says the Dubai-based firm has not committed to provide financing for the deal. Amaya founder bids $3.5B to take over the company PokerStars owner Amaya, William Hill fold their hands on merger talks He says he intends to obtain replacement financing …
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Case dropped against British tourist who reported 'rape' in Dubai
A woman who was arrested for having extramarital sex after she claimed she was raped by two men in Dubai will not face trial. The case against the alleged victim, in her 20s, has been dropped after investigators decided the act was consensual. Dubai’s …
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UAE drivers prefer high-quality car insurance over cheaper options
Over two-thirds of UAE drivers prefer to purchase the best car insurance coverage, rather than the cheapest, according to a survey from compareit4me.com, the Middle East’s leading financial comparison site. The survey, conducted between October and …
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Dubai gang rape case that put alleged victim in jail is tossed
The case of a British woman who claimed she was raped by two other British tourists in Dubai – and then jailed for having extramarital sex – has been thrown out, reports say. Zara-Jayne Moisey, 25, claimed that Dave Butlin, 22, and Louis Harris …
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UAE Ministry of Economy unveils ‘Be Happy – Visit UAE’ app
The UAE Ministry of Economy (MoE) has launched the first phase of its ‘Be Happy – Visit UAE’ application as part of its featured initiatives for UAE Innovation Week 2016 at the Tourism Innovation and Transformation Forum 2016 organised by the Ministry.
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UAE hotel occupancy rates continue to slide
Dubai: By any measure, there aren’t enough tourists to fill all the hotel rooms in the UAE. The latest data released by research firm STR showed that due to a slow influx of holidaymakers, coupled with a huge supply of new hotels, occupancy numbers, as …
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Motorbike users in Abu Dhabi fret parking fee may be on the way
The Department of Municipal Affairs and Transport (DMAT), which regulates transportation in the emirate of Abu Dhabi, however told Gulf News that bikers do not yet have to pay for parking as long as they do not block a full parking space. For now …
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Preview: Abu Dhabi Grand Prix – Round 21
7:26 – Abu Dhabi will again play host to Formula 1’s season finale in 2016, as Mercedes team-mates Nico Rosberg and Lewis Hamilton fight for the title. GPUpdate.net previews the action and lists the key facts. Abu Dhabi and the visually-stunning Yas …
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Dubai firm says not part of Amaya deal; files SEC complaint
Dubai-based investment firm KBC Aldini Capital Ltd. has “no involvement” whatsoever in the proposed multibillion dollar privatization deal for Canadian online gambling company Amaya Inc. and has filed a complaint with U.S. regulators, says its top …
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Cybercrime cost UAE Dh5.14b this year
The financial cost of cybercrime to the UAE has reached $1.4 (Dh5.14) billion to date this year, an increase of 4.9 per cent as hackers take advantage of consumer complacency, said an industry expert. Globally, the financial cost decreased by 16 per cent …
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Digital Detectives: UAE-Based Startup Comae Technologies
A routine Friday like any other was thrown out of gear for internet users in the US and parts of Europe in October when hackers disrupted access to some of the world’s best known and widely used websites such as Twitter, Netflix, PayPal and others.
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Mohammad Bin Rashid launches fund to finance innovative projects
Dubai: A fund to finance innovation projects has been created to boost the country’s approach towards innovation and facilitate the setting up of enterprises by innovative entrepreneurs. His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President …
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Market speculations on upcoming bank mergers still afloat
“We do not have any information from any official source about this topic [the merger], and it has not been discussed with the bank’s management,” UNB said in its statement. Challenges in the UAE’s operating environment on the back of lower oil …
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Dubai rape claim woman's case dropped
A British woman, who was charged with having extra-marital sex in Dubai after reporting she was raped, has had all charges against her dropped. The woman was arrested and had her passport confiscated after she claimed she was raped by two British men.
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New Abu Dhabi-Dubai highway nearly complete
Abu Dhabi: A new 62-kilometre highway connecting Abu Dhabi and … project manager for the new highway at Musanada, told Gulf News ahead of a media tour. Musanada has been in charge of all construction on the new highway, and began the work in the first …
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Rain and dusty conditions forecast in UAE over next three days
The good news for those praying for rain is that some showers may come on Thursday and Friday. “Clouds will also start increasing on Wednesday in the northern and eastern parts of the UAE and will gradually approach some coastal areas between Abu Dhabi …
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Trump overseas business interests subject to new scrutiny
Those business interests have ranged from beverage sales in Israel to golf course developments in the UAE. Although the location of some of Trump’s foreign business deals could overlap with future foreign policy decisions, many of Trump’s foreign business …
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