Dubai’s Roads and Transport Authority (RTA) has awarded a contract for procuring 900 new vehicles for the Dubai Taxi fleet, it announced on Sunday. The new lot includes 370 hybrid vehicles fitted with dual fuel-electric power motors. The new vehicles …
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How UAE rate hike will affect businesses,…
The key interest rate hike announced on Thursday by Central Bank of the UAE will have a sudden direct impact on both businesses and residents alike by sparking a spurt in the borrowing costs across the financial sector, including auto, mortgage and …
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85% of UAE residents ‘not saving enough’ for future – survey
Eighty-five percent of UAE residents still feel that they are not saving enough for their future, according to a new survey by National Bonds Corporation. Its 2017 Savings Index found that 41 percent of savers in the UAE are planning to start their savings …
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UAE winning ‘power’ play
Dubai in May took another big step toward its goal of becoming the world’s greenest city when the inauguration of the 200MW first stage of the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park brought the emirate’s clean energy share of …
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China’s Silk Road Fund is investing in Dubai solar project, Acwa says
China’s Silk Road Fund Co is investing in the world’s largest solar thermal plant that’s under development in Dubai, an executive at the company promoting the project said. The project is being built by Riyadh-based Acwa Power International and …
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Lack of tech talent ‘common problem’ in region, says Dubai tech start-up
However, chief executive Tariq Hussain says finding qualified technology talent was one of the firm’s main … began with after Coutard – a former fitness coach with the UAE national football team – became the first in the region to apply heart rate …
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Dubai 10X: Disruptive Innovation
Dubai is no stranger to ambitious programs for government … It also helped with introductions to technology providers if the entities were looking for specific solutions, and with in-depth reviews of ideas with the 10X teams and their partners to …
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No loose change: The technologies redefining financial services
The UAE is a financial hub for the Middle East … with financial services likely being one of its biggest drivers. The distributed ledger technology has secured its place in industrialisation, and many companies have begun building out strategies that …
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UAE’s Mubadala Invests $400 Million in European Technology Companies
Mubadala Investment Company of Abu Dhabi announced Wednesday its intent to create a $400 million fund to invest in leading European technology companies. The fund will be managed by Mubadala Ventures, the venture capital arm of Mubadala. SoftBank Group …
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Why is the UAE showing a keen interest in South Korea?
Looking for unconventional sectors of growth, the UAE and South Korea are vigorously working to enhance the bilateral trade volume. Some of the key areas of mutual interest include energy development, technology, innovation, shipping, and logistics.
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Comba Telecom Deploys Multi-band In-Building Wireless Solution for Dubai Frame
a new architectural landmark in Dubai, that enables multi-operator, multi-band and multi-technology wireless network services in the colossal rectangular structure. The 50-storey Dubai Frame measures 150 meters high and 93 meters wide, which is expected to …
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In cash-heavy UAE, Mobeewave bets on near-field payments
Montreal-based Mobeewave’s partners are Middle East payments processor Network International, Mastercard and secure ID technology vendor IDEMIA. Network International will offer Mobeewave’s solution to merchant clients in the UAE in the first deployment …
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Reel Cinemas to launch UAE’s first ScreenX at Dubai Mall
“This is part of the transformation we are bringing across our cinemas by bringing innovative technology to the region first,” he stated. On the new screen, Choi said the Korean group was excited to announce the expansion of ScreenX footprint to the UAE …
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UK business college inaugurates first campus in Dubai
UK College of Business & Computing (UKCBC), a London-based higher and vocational education institution, has inaugurated its Dubai campus ready for the first batch of students. Located in the heart of Dubai International Academic City and with a campus …
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Abu Dhabi slashes tourism fees – what does this mean for UK tourists?
ABU DHABI is now cheaper for UK tourists after bosses approved a proposal to reduce tourism fees. The move comes a day after Dubai slashed municipality fees at restaurants and hotels. So what does this move mean for British holidaymakers?
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The Latest: UAE says delivering aid to Yemen’s Hodeida
The United Arab Emirates says it has started flying and sailing aid to Yemen’s port city of Hodeida, where its troops in a Saudi-led coalition are fighting Shiite rebels. A statement on the state-run WAM news agency Friday night said 10 UAE ships carrying …
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National Bank of Fujairah to tap debt programme to fund growth
Victor Besa / The National The National Bank of Fujairah, which counts the emirate’s government and Investment Corporation of Dubai among its shareholders, plans to set up a debt programme and regularly tap international capital markets from next year to …
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