Dubai has integrated blockchain technology into its online payment portal named DubaiPay, local media reported on Sunday. Blockchain allows people or systems to share data in a tamper-proof way.
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Dubai Launches Blockchain-Based Payment System to Boost Government Efficiency
“Guided by the forward-thinking vision of its leadership, Dubai has long been a trailblazer in embracing avant-garde technologies – most notably those of the Fourth Industrial Revolution – and tailori…
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Dubai launches blockchain based payment system
Smart Dubai Office (SDO), in collaboration with Dubai Department of Finance has launched the ‘Payment Reconciliation and Settlement’ System based on blockchain technology. Now all the transactions are …
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Emirates withdraws plans to operate Dubai-Mexico flights
Dubai: Emirates has dropped plans to operate … The airline said a thrice weekly service will not be good for the business, given the resource investment required for such a long-distance operation.
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Dubai Ruler receives letter from Kuwaiti PM
Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, received a letter from Shaikh Jaber Al Mubarak Al Hamad Al Sabah …
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UAE banks consider asking for easing of mortgage rules
The UAE Banks Federation’s retail banking committee … seek to take advantage of the price drop. “The mortgage business has been picking up. Prices have come down and prices are stabilising …
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Emirates drops plans to operate Dubai-Mexico flights
Dubai: Emirates has dropped plans to operate … The airline said a thrice weekly service will not be good for the business, given the resource investment required for such a long-distance operation.
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Sharjah Police seize fake goods worth Dh91m
Sharjah: Sharjah Police have arrested a three-member gang and seized counterfeit goods worth Dh91 million from them. An arrest warrant has been issued against the fourth suspect who is out of the …
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Look: 2 ‘extinct’ animals make a comeback in UAE
Dubai: Two animals that were believed to have … who was quoted in the state news agency WAM. “Once the sites are identified, the agency will try to find more porcupines in the wild to preserve …
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Dubai’s Union Properties denies reports of merger
Dubai-based Union Properties on Monday denied media reports that it plans to merge with another developer. In a bourse statement, the company said “it is currently not considering any merger”.
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Abu Dhabi to have 30,000 extra school seats
Abu Dhabi: Tens of thousands of extra seats for students, doubling housing loans and thousands of new housing units are among the first phase of the Abu Dhabi Accelerators programme, the executive …
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Investors weigh exit from UAE school operator GEMS
A group of private equity investors, including Fajr Capital, Blackstone and Bahrain’s Mumtalakat, is weighing the sale of their combined stake in the emerging market business of UAE-based GEMS …
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New to the UAE guide part 2: banking, saving, investing and sound financial advice
Choosing which financial institution to bank with is one of the first decisions people make when moving to a new country. Next comes how to handle your finances through borrowing, saving and investing …
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Dubai’s Emirates launches two new ice TV channels
Dubai airline Emirates has added two new channels to its ice entertainment system that will promote activities in Dubai and the UAE. The channels will be available from December and will enable …
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UAE decries Iran incitement after parade attack
Tehran: The “formal incitement against the UAE from within Iran is unfortunate, and has escalated after the Ahvaz attack,” UAE Minister of State for Foreign Affairs Dr. Anwar Gargash tweeted.
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Deported man pays $500 to enter UAE illegally to meet girlfriend
… arrested a man who was deported earlier and entered the UAE again illegally just to meet his girlfriend, an official told Gulf News. The man went to meet his girlfriend in Dubai, but her …
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Exclusive: HSBC UAE aims to hit $1bn revenues in next three to five years
HSBC UAE has put in place a three year-plan to grow its business and is open to beefing up assets as it looks to hit a $1 billion (Dh3.67bn) revenue target in the next three to five years, its chief e…
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