This week, the focus is on access to other markets from the UAE. According to the world bank’s financial inclusion data/global findex report, the total percentage of the UAE population with a formal savings account is 32 per cent. This is despite the …
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UAE A Model For New Oil Market Realities
The United Arab Emirates’ fiscal machine has adapted to the status quo of global oil markets, according to a new report by the International Monetary Fund (IMF) on Monday. The Gulf country is “adjusting well to the new oil market realities,” the IMF …
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RTA launches solar-powered SOS telephones
The Roads and Transport Authority (RTA) has launched solar-powered SOS (emergency) telephones at the cycling track at Seih Al Salam in Dubai. The initiative, which enables cycling track users to report emergency cases to Dubai Corporation for Ambulance …
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UAE Leading The Charge For Cheap Solar
Their bidding model, now being used in other regions, should continue putting downward pressure on solar energy prices worldwide. The price fall began with projects of the Dubai Electricity and Water Agency (DEWA), which is developing the huge Mohammed bin …
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Oil won’t last forever, so Dubai is betting big on science and tech
The first sign of the technological ambition we are about to see is a billboard: a 20-foot-tall portrait of Dubai’s ruler, His Highness Sheikh Mohammed bin Rashid Al Maktoum, rendered in a mosaic of solar panels. At a cluster of buildings about a …
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ABB string inverters to power Dubai’s all-electric city
ABB, a leader in electrification products, industrial automation and power grids, said that the solar energy generated by its string inverters will be used by Dubai’s first all-electric city. Inverters convert the direct current (DC) output from the …
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ABB powers Dubai sustainable city
Dubai’s first city to be fully powered by solar energy will rely on ABB string inverters to harness the power of the sun for residents. Inverters are used to convert the direct current (DC) output from the panels in to the alternating current (AC …
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This Dubai cycling track now has solar-powered emergency phones
Solo bike rides through the desert just got safer. For some, the idea of heading out into the desert for a solo bike ride may sound like the start of an extreme survival movie (or possibly even a horror film – who knows what those oryx are capable of?
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First solar powered service station opens in UAE
DUBAI: When you’re in the business of selling petrol, why use solar power at all? A Dubai oil retailer has no problems doing so. On Wednesday, Emirates National Oil Company (Enoc) has opened the country’s first solar-powered petrol station. The newly …
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Dubai’s new Apple Store spreads its wings for a better view
The store’s design is quite interesting and its terrace features 18 motorized “Solar Wings” that open in the evening to offer choice views to those inside. As its name suggests, the two-story Apple Dubai Mall store is located in the Dubai Mall. During the …
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Trump meets with crown prince of Abu Dhabi as he looks to Muslim world
WASHINGTON — President Trump greeted the crown prince of Abu Dhabi at the White House Monday, beginning a week that will mark a dramatic overture to the Muslim world. Trump meets with Turkish President Recep Tayyip Erdogan on Tuesday, and he departs …
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Abu Dhabi Investment group Mubadala to invest upto $15 billion in SoftBank Tech fund
Abu Dhabi’s Mubadala Investment Co. plans to invest as much as $15 billion in SoftBank Group Corp.’s Vision Fund and start two new venture capital funds to build its technology holdings. The SoftBank fund will be “wrapped up” in two to three weeks …
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The Dubai Property Market: An Overview Of Rental Opportunities
The Dubai property market is one of the most reliable in the world. According to the Dubai Land Department, the volume of investment in local real estate during the first half of 2016 reached $7.6bn. The great attractions for investors are economic …
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Global property bubble is ready to pop
Ever since interest rates were slashed to near zero in the wake of the financial crisis, the world has gone property mad. Residential house prices from Abu Dhabi to Zurich have spiralled as hot money travelled the world looking for a home. For those who …
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Dubai sees over 126% rise in new businesses launched during Q1
New businesses launched in Q1 reached 308, compared to 136 in Q1 2016. Dubai Economy also saw a 12 per cent year-on-year rise in business licences issued during the first three months of 2017, it said. Total number of licences issued in Q1 2017 was 5,387 …
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DAMAC predicts Dubai property supply rise as market turns corner
DUBAI May 15 DAMAC Properties expects around 11,000 to 12,000 residential properties to hit the Dubai market in 2017, a steady increase compared to the average over the last two years, the group’s chief finance officer said. Supply of such properties in …
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How to become a Muslim in UAE? Here are the guidelines
The Abu Dhabi eGovernment portal has listed out some guidelines as to how to become a Muslim. It is targeted at those considering Islam. Visitors and residents can easily embrace the Islamic faith in the UAE, and new Muslims are supported in a variety of ways.
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