DUBAI: The opening of a shopping center worth $1 billion being built on an island off the coast of Abu Dhabi has been pushed back by two years until 2020 partly due to issues with its design and delays in receiving approvals, the developer’s chief …
( read original story …)
Dubai Women Establishment signs MOU with DFC
Dubai Women Establishment has signed a Memorandum of Understanding (MoU) with Dubai Financial Market (DFC) to enhance women’s participation on the boards of listed companies. The MoU was signed by Mona Al Marri, chairperson of the board of Dubai Women …
( read original story …)
Digital finance can add $3.7tr to GDP of emerging economies
Dubai: Adoption of digital financial solutions could revolutionise financial inclusion that could turbocharge growth in emerging economies, adding up to 6 per cent or 3.7 trillion to GDP by 2015, benefiting billions of people according to a report by the …
( read original story …)
Dubai Government to end paper transactions in 2021, says Crown Prince
The Government of Dubai will stop issuing paper transactions from 2021, as the emirate moves into its next phase in sustainable development with the Smart Dubai 2021 initiative. Launched by His Highness Hamdan bin Mohammed bin Rashid Al Maktoum …
( read original story …)
Abu Dhabi’s Mubadala, Eshraq Properties mull real estate JV
Abu Dhabi-based investment firm Mubadala Development Company has signed an agreement with local developer Eshraq Properties to explore the possibility of setting up a new real estate company in the UAE capital. The companies have signed a Heads of Terms …
( read original story …)
Abu Dhabi residential property prices set for further fall
The residential and commercial property prices across Abu Dhabi, UAE, are expected to decline further in 2017, according to a joint report by real estate expert JLL and UAE-based property platform dubizzle. The villas communities in the UAE capital …
( read original story …)
Digital Finance Can Turbocharge Growth In Emerging Economies
Economic growth suffers. But a solution is literally at hand. Digital finance—financial services delivered via mobile phones, the Internet or cards linked to a digital payment system—could be a boon to individuals, businesses, and governments across …
( read original story …)
New leak suggests NSA penetrated Mideast banking networks
A new set of documents purportedly lifted from the U.S. National Security Agency suggests that American spies have burrowed deep into the Middle East’s financial network, apparently compromising the Dubai office of the anti-money laundering and financial …
( read original story …)
Major Leak Suggests NSA Was Deep in Middle East Banking System
Friday morning, the Shadow Brokers published documents that—if legitimate—show just how thoroughly US intelligence has compromised elements of the global banking system. The new leak includes evidence that the NSA hacked into EastNets, a Dubai-based …
( read original story …)
'Wrecking the internet': hackers may have just revealed huge flaw in global commodity market
Qatar First Investment Bank, Arab Petroleum Investments Corporation Bahrain, Dubai Gold and Commodities Exchange, Tadhamon International Islamic Bank, Noor Islamic Bank, Kuwait Petroleum Company and Qatar Telecom, are just a few of the financial …
( read original story …)
NSA code that can break into any Windows computer is released b yhacking collective that claims spy agency spie penetrated Mideast banking networks
The documents appear to show that the NSA compromised the Dubai office of the anti-money laundering and financial services firm EastNets. The company said Friday that the leaked documents were dated and denied that any customer data had been affected.
( read original story …)
US government 'hacked global bank system'
Swift was successfully targeted by hackers last year when criminals stole $81m from the Bangladeshi central bank. Swift is a network that allows … Headquartered in Dubai, EastNets has clients in Kuwait, Dubai, Bahrain, Jordan, Yemen and Qatar.
( read original story …)
Hacking Group Claims N.S.A. Infiltrated Mideast Banking System
Among the leaks on Friday were an extensive list of PowerPoint and Excel documents that, if authentic, indicate that the N.S.A. has successfully infiltrated EastNets, a company based in Dubai that helps to manage transactions in the international bank …
( read original story …)
NSA penetrated SWIFT banking network in Middle East: Hackers
EastNets is a Dubai-based firm that oversees payments in the global SWIFT … “They may have been used to target a global banking system. One collection of 15 exploits contains at least four Windows hacks that researches have already been able to …
( read original story …)
Dubai financial services bureau EastNets denies claims of hacking
enabling the thieves to order money transfers from the bank’s account at the New York Federal Reserve. “If you hack the service bureau, it means that you also have access to all of their clients, all of the banks,” said Matt Suiche, founder of the UAE …
( read original story …)
Qatar- Abu Dhabi property market under pressure from sluggish economy
(MENAFN – Gulf Times) Low oil prices and a sluggish economy hit Abu Dhabi’s property market in the first quarter of 2017, property specialists Chestertons has said. Its property market has been under pressure for more than a year after oil-rich Abu Dhabi …
( read original story …)
Pigeon droppings vex Dubai residents
Dubai: Pigeon droppings are creating a mess in apartment balconies in different parts of the city, posing a hygiene and health risk for residents. Tenants are not sure how to prevent these birds from roosting in balconies without attracting fines from …
( read original story …)