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Month: July 2018

Posted on 13/07/2018

UAE minister selected for UN digital panel

The UAE’s cooperative approach to digital technology can lead the way for the international community. That is according to Mohammed Al Gergawi, UAE minister of cabinet affairs and the future, who has …
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Posted on 13/07/2018

Nawaz, Maryam land at Abu Dhabi, reach hotel

At Abu Dhabi airport, Nawaz and Maryam were recieved by officials … 6:16 pm today (Pakistan time). According to the Dunya News, security agencies and traffic police have worked out plans to execute …
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Posted on 13/07/2018

How the UAE Space Agency Has Done More in Four Years Than Most Agencies Do in a Lifetime

Today marks the United Arab Emirates Space Agency’s fourth anniversary on the world stage as a competitive player in space and technology. Today we celebrated the 4th anniversary of @uaespaceagency & …
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Posted on 13/07/2018

Dubai police praise hi-tech security systems for drop in burglaries

The number of burglaries fell by a fifth in Dubai last year, and police believe that drop could be bigger if more people used technology to secure their homes. Dubai residents have been urged to make …
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Posted on 12/07/2018

US, UAE jointly disrupt Iran finance operation

The United States and the United Arab Emirates have broken up a network funnelling illicit funds to Iran as Washington steps up a drive to restrict Iranian trade and access to hard currency in the reg…
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Posted on 12/07/2018

Dubai lenders Mashreq, CBD join FAB in declaring Abraaj exposure

Commercial Bank of Dubai and Mashreq Bank are the latest lenders to disclose their exposure to embattled private equity firm Abraaj Group that is reeling under allegations of misusing investors funds. …
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Posted on 12/07/2018

Average Dubai property prices said to be down 20% on 2014 peak

Average Dubai property prices are 20 percent below peak values recorded in mid-2014, according to real estate consultants ValuStrat. The ValuStrat Price Index (VPI) for residential properties in Q2 wa…
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Posted on 12/07/2018

GEMS’ planned London IPO said to be shelved

owns and operates 47 schools and nurseries in the United Arab Emirates, Qatar and Saudi Arabia, according to its website. Blackstone-backed GEMS Education has refused to comment on “rumours” that plan…
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Posted on 12/07/2018

Gems shelves London IPO

That would have made it the biggest IPO in London since July 2017 in terms of market capitalisation. Gems is majority-owned by Dubai-based Varkey Group, which has interests in education, healthcare, c…
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Posted on 12/07/2018

U.S. says disrupts Iran finance operation in UAE to squeeze Tehran

DUBAI (Reuters) – The United States and the United Arab Emirates have broken up a network funneling illicit funds to Iran as Washington steps up a drive to restrict Iranian trade and access to hard cu…
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Posted on 12/07/2018

DUBAI, United Arab Emirates | US official links economic protests in Iran to sanctions

DUBAI, United Arab Emirates — A top U.S. official focused on sanctions against Iran on Thursday linked American financial pressure on Tehran with ongoing economic protests roiling the country, saying …
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Posted on 12/07/2018

Ex-CEO of UAE’s Drake and Scull denies wrongdoing, warns of legal action

DSI also later issued a bourse statement confirming the “existence of material financial violations from the previous management”. It said the violations are currently under investigation by UAE autho…
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Posted on 12/07/2018

Abu Dhabi Airports Celebrates Success at CIPS Middle East Supply Management Awards

Abu Dhabi Airports’ Procurement and Logistics Department has won the “Best People Development Initiative” and “Most Innovative Use of Technology” at a ceremony held in Dubai by the Chartered Institute …
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Posted on 12/07/2018

Abu Dhabi sees largest rental declines for 12 months in some areas

Read: Revealed: Where Abu Dhabi property prices, rents rose and fell in Q1 The real estate consultancy said apartment rents were down 2 per cent and villa rents 4 per cent from the first to the second …
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Posted on 12/07/2018

DCT Abu Dhabi, Emaar Sign Agreement, Support Local Publishing Industry

DCT Abu Dhabi has signed an agreement with Dubai-based Emaar Properties to support the ‘Promoting Culture’ initiative. The initiative seeks to enrich the reading community in the UAE and the Arab regi…
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Posted on 12/07/2018

Expo 2020 Dubai first major 5G commercial customer in MEASA

The UAE has set another benchmark for the early adoption of advanced new technology, with Expo 2020 Dubai becoming the first major commercial customer in the Middle East, Africa and South Asia, MEASA, …
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Posted on 12/07/2018

Tech details of Dubai’s $353m Silicon Park revealed

Dubai Silicon Oasis | Ribbon of Light project at Dubai Silicon Oasis 50% complete | Dubai Silicon Oasis logs 27.7% growth in 2016 Details of the disruptive technology at Dubai’s high-tech Silicon Park …
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