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Month: September 2020

Posted on 24/09/2020

Egypt, Cryptocurrencies, and Catching up with the Middle East

Cryptocurrencies have become more popular over the years with over 5,000 available in the world. Investors might wonder how to invest in them and might need a beginner’s guide to cryptocurrencies .
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Posted on 24/09/2020

New guidelines for Dubai tourist camps introduced

… of Tourism and Commerce Marketing (Dubai Tourism) discussed with leading tour operators a range of new guidelines that are being developed for tourist camps across the city that will positively …
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Posted on 23/09/2020

UAE expected to add more than 50% renewables to grid by 2050

The UAE is expected to meet more than 50 per cent of its power needs from renewable sources by 2050 due to the addition of nuclear and solar power to grid, according to the chairman of the Abu Dhabi …
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Posted on 23/09/2020

Video: Abu Dhabi Police light up cars to mark Saudi Arabia’s National Day

The General Command of Police decorated 90 of its police patrols in Abu Dhabi, Ain and Al Dhafra with the flags of UAE and Saudi Arabia and the slogan ‘Together Never’ to mark the 90 th National Day …
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Posted on 23/09/2020

Yalla updates IPO terms, seeks up to $167.4M

Dubai voice-chat app Yalla (YALA) updates the terms of its NYSE IPO to specify 18.6M ADSs at $7-9 per ADS.Underwriters have a 30-day option to purchase an additional 2.79M ADSs at the offering …
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Posted on 23/09/2020

Voice-centric social platform Yalla Group sets terms for $149 million US IPO

Yalla Group, which provides a voice-centric social networking and entertainment platform in the Middle East and North Africa region (MENA), announced terms for its IPO on Wednesday. The Dubai, United …
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Posted on 23/09/2020

Abu Dhabi to build world’s biggest indoor farm

Abu Dhabi is to build the world’s largest indoor farm as part of a major drive to bolster the UAE’s food security. The GreenFactory Emirates aims to produce 10,000 tonnes of fresh produce every year …
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Posted on 23/09/2020

Dubai Land Department partners with Cityscape to stimulate real estate revival

Cityscape’s Real Estate Summit 2020, a non-profit conference and meeting place, will run November from 16 – 17 at Dubai World Trade Centre to help reinvigorate the real estate sector and address the …
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Posted on 23/09/2020

Premium free zones and the UAE’s best business consultants: Paving your road to success

Top honchos of UAE’s premium free zones and business set-up consultancies talk shop Director What is HFZA doing to attract business from global players, especially in a post-COVID world? We are …
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Posted on 23/09/2020

Dubai boasts strong entrepreneurial ecosystem for women

For women entrepreneurs to succeed, they need the support of incubators, mentors, and role models, experts said …
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Posted on 23/09/2020

Coronavirus: Sharjah lifts all travel restrictions, open to tourists

Prior approval is no more needed for Sharjah residents with valid visas to enter the emirate. Moreover, the emirate has lifted all travel restrictions and tourists are also allowed to enter freely.
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Posted on 23/09/2020

Tom Curran braced for more Sharjah mayhem after six-laden opening match

Tom Curran reckons that the opening night of the IPL in Sharjah offered a sign of things to come for bowling attacks in this year’s competition, after the Rajasthan Royals out-muscled the Chennai …
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Posted on 23/09/2020

UAE announces details of economic substance regulations

ABU DHABI – The Ministry of Finance, MoF, announced today the details of the Cabinet … “This resolution resulted from constructive consultations undertaken by the UAE with its partners in the …
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Posted on 23/09/2020

Statement from H.H. Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance on Saudi National Day

The strategic historical bilateral ties between the UAE and Saudi Arabia were laid by the UAE’s Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, and was further strengthened by the …
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Posted on 23/09/2020

Abu Dhabi Police warning: Dh7,000 bill for breaking speed limit by more than 60kph

Reckless drivers caught breaking the speed limit by more than 60 kilometres per hour face being hit with a Dh7,000 bill, Abu Dhabi Police said. The force has issued a stern warning to drivers over the …
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Posted on 23/09/2020

Reports: Kuwait and the UAE in economic pain amid pandemic

Two oil-rich Arab Gulf states are suffering severe economic blows, as a major credit agency downgraded Kuwait for the first time and the United Arab Emirates acknowledged its economy would contract to …
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Posted on 23/09/2020

Israel’s Mobileye, Dubai’s Habtoor Partner on Self-Driving Cars

Israel’s Mobileye and United Arab Emirate’s Al Habtoor Group launched a partnership on Wednesday to create a fleet of self-driving “robotaxis” that could take to the streets of Dubai by the end of …
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