DUBAI, United Arab Emirates (AP … Virgin Hyperloop One in total has raised some $276 million in funding rounds, according to the business information website crunchbase.com. Follow Jon Gambrell on Twitter at www.twitter.com/jongambrellap
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Dubai Startup Hub promotes entrepreneurship among youth
recently hosted a series of workshops during the Tawteen 360 Student Forum in Dubai, which aimed to promote entrepreneurship among business-minded youth and showcase the opportunities it provides to its members and the entrepreneurial community in Dubai.
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Business Confidence in Dubai Continues to Rise, Survey Shows
The latest business confidence survey conducted by the Department of Economic Development (DED) shows that economic conditions during the first quarter of 2018 (January-March) have improved over the same quarter of last year, and also over Q4 2017.
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Richard Branson unveils new Dubai hyperloop venture to move freight at 760mph
Sir Richard Branson is teaming up with Dubai port operator DP world to enter the hyperloop business and move cargo at a top speed of 760mph. The cargo system, which is being designed alongside a possible passenger service by Virgin Hyperloop One …
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Dubai Economic Outlook
Economic conditions in Dubai during Q1 2018 have improved over Q1 and Q4, 2017, according to a business confidence survey conducted by the Department of Economic Development (DED), Dubai. The survey indicates that the Composite Business Confidence Index …
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Dubai Among World’s Top 3 Model Smart Cities
preparing the market ecosystem and the business community to the future smart economy, creating a holistic regulatory framework towards sustainable acceleration, etc.” Today, Dubai is not the smartest city in the world, but with the work conducted by all …
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Dubai businesses upbeat as confidence improves
Economic conditions in Dubai improved in the first quarter year-on-year and also over the last quarter of 2017, according to the latest business confidence survey by the Department of Economic Development (DED). The Composite Business Confidence Index …
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Sharjah Ruler opens Rain Room project
Sharjah: His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated on Sunday the Rain Room project in the presence of Shaikha Hoor Bint Sultan Al Qasimi, President of Sharjah Art Foundation (SAF …
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Sharjah Municipality seizes 40 apartments rented to illegals
Sharjah: Sharjah Municipality has begun a campaign to stamp out illegal housing practices, an official has said. The civic body says violators place a huge burden on the community, and pose a real risk to public health and safety. Khalifa Al Suwaidi, head …
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Sharjah launches ‘May Day Festival’ to mark Labour Day
Sharjah, April 28 : In commemoration of the International Labour Day, the Sharjah Labour Standards Development Authority has launched its mega “May Day Festival” which will run till May 4. “The recent initiative is a small step towards a bigger goal that …
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Bank of Sharjah P J S C : Sharjah Islamic Bank announces Q1 2018 net profits of AED143.1 million
SHARJAH, 29th April, 2018 (WAM) — The Sharjah Islamic Bank, SIB, has announced its first quarter 2018 financial results with net profits of AED143.1 million, compared to AED139.1 million in the same period last year, indicating a three percent increase …
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Dubai Properties launches third phase of Amaranta cluster
Dubai Properties has announced the launch of the latest phase of its Villanova master community in Dubailand. Construction of the third phase of Villanova’s Amaranta area, comprising 300 three- and four-bedroom townhouses with a Spanish façade, will …
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What makes Dubai’s real estate market of today so different from 2008
In September 2008 the first Dubai off-plan property boom came to a sudden stop with the arrival of the global financial crisis. This proved a double whammy for the local economy that was rescued by a $20 billion emergency package from Abu Dhabi later the …
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Dubai Police showcase pioneering smart station technology in London
Dubai’s pioneering Smart Police Station has caught the attention of academics and government officials during a meeting of the Future Leaders Assembly. Residents in Dubai will be familiar with the station, which allows the public to report crimes or …
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UAE e-commerce and contactless transactions boosted under new agreement
led by UAE government initiatives to offer citizens and residents innovative digital payment options. Near Field Communication (NFC) technology is among the latest payment solutions being adopted by financial institutions in the region enabling customers …
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UAE banks to experience strong liquidity this year
Dubai: The liquidity situation in the UAE’s banking sector is much more comfortable due to surging oil prices, as compared to the previous two years, and banks are expected to experience an abundance of funds in the near term, banking sector analysts and …
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UAE gains traction as competitive global wealth management centre
As such, we have seen the UAE’s ranking on the Global Financial Centre Index (GFCI) gradually rise,” said Khaled Sifri, CEO of Emirates Investment Bank. In the global ranking, Dubai ranks 25th, worldwide, followed closely by Abu Dhabi, which comes in …
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