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Month: August 2019

Posted on 02/08/2019

How UAE firms compare globally in embracing the digital age

The 2019 Harvey Nash/KPMG Chief Information Officer Survey said the UAE performs better than the global average in four out of five technology-related capabilities, including using suitable internal …
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Posted on 02/08/2019

New technology to help identify bodies of ‘unknown victims’

Following the announcement, social workers across the UAE have hailed the system, and are hoping the same technology will be implemented in other emirates as well. Social workers relieved Several …
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Posted on 02/08/2019

Dubai leads regional events scene

Cvent is a leading meetings, events, and hospitality management technology provider, unveiled its list of top meeting destinations in the Middle East and Africa for 2019 last month. While Dubai …
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Posted on 02/08/2019

Dubai events sector set for big boost after 118 new bid wins

Dubai Business Events (DBE), the city’s official convention bureau, has secured 118 successful bid wins for events to be hosted in Dubai over the coming years. These events won in the first half of …
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Posted on 02/08/2019

Court hearings begin in Princess Haya divorce case against powerful Dubai ruler

He and his family have been instrumental in helping to transform Dubai into a commercial hub that did business with most nations in the region. But falling oil prices and the UAE’s growing hostility …
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Posted on 02/08/2019

Dubai hospitality group looks to open beach clubs in Saudi Arabia

Dubai-based Sunset Hospitality Group is “actively looking” at opening beach clubs in Saudi Arabia, according to CEO Antonio Gonzalez, Hotelier Middle East’s sister title Arabian Business reported. The …
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Posted on 02/08/2019

Dubai developer Deyaar posts big drop in H1 net profit

Deyaar Development, one of Dubai’s biggest property developers … we look forward to the continued growth of our business in the months to come.” The company has recently announced that the Afnan …
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Posted on 02/08/2019

Hiring an electric scooter is now legal in Abu Dhabi

Abu Dhabi has passed a law allowing companies to rent out electric … were banned in Dubai due to concerns for people’s safety. Watch this space for more news. …
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Posted on 02/08/2019

Value of Gulf’s IPOs climbs 87% in second quarter

“The UAE Cabinet’s recent announcement of sectors and economic … IPOs on the London Stock Exchange’s main market in April. The Network International IPO represented the largest outbound IPO to date …
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Posted on 02/08/2019

Abu Dhabi fund said to be in talks with Indian hospital chain

Abu Dhabi Investment Authority (ADIA) is understood to be in talks with Apollo Hospitals Enterprise, which runs India’s largest private sector hospital chain, to make an investment in its holding …
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Posted on 02/08/2019

Abu Dhabi reinvents itself as a luxury international retirement hub

Since the recent changes in property law benefiting expats, Abu Dhabi is reinventing itself as an upscale designer retirement hub. The new UAE laws on expat freehold ownership and the new retirement …
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Posted on 01/08/2019

UAE’s credit demand picks up pace

Dubai: Gross credit growth in the UAE accelerated 0.7 per cent month on month 4.3 per cent year on year in June, according to the latest central bank data analysed by Abu Dhabi Commercial Bank …
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Posted on 01/08/2019

Ranplan Wireless signs reseller deal with Massilatech UAE

Ranplan Wireless, an innovative wireless technology company, has announced a new reseller partnership with leading Middle East systems integrator Massilatech UAE to distribute Ranplan Professional, …
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Posted on 01/08/2019

DIFC, Mashreq Bank, norbloc join hands for blockchain KYC consortium

a leading financial institution in the UAE, through its Corporate and Investment Banking Group, and norbloc, the leading Know Your Customer (KYC) and client onboarding fintech regionally headquartered …
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Posted on 01/08/2019

Abu Dhabi creates $163m fund for ‘mega-events’

In response to questions from Arab News, the DFSA, the watchdog for the Dubai International Financial Centre (DIFC) where some of the Abraaj business was registered, said: “Abraaj Capital and Abraaj …
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Posted on 01/08/2019

Dubai lender Emirates NBD to support Denizbank if capital increase needed

Emirates NBD Group CEO Shayne Nelson said the bank would support Turkey’s Denizbank if it needed a capital increase, as the Dubai-based lender completed the purchase of Denizbank on Wednesday. …
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Posted on 01/08/2019

Dubai’s luxury properties now more within reach

The luxury property market in Dubai is proving to be more resilient, witnessing increased transactions due to a persistent decline in prices making such properties more affordable plus developers less …
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