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Month: September 2020

Posted on 02/09/2020

Apollo leads investment in Abu Dhabi National Oil Co real estate portfolio

The investment will leverage the rental income streams from various Abu Dhabi National Oil Co real estate assets under a 24-year master lease agreement.
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Posted on 02/09/2020

Abu Dhabi telemedicine centre earns its highest-ever grade in data-quality index amid surge in demand

Mubadala Healthcare facility scores 98.7% in Department of Health’s JAWDA data assessment, setting the stage to lead the strong emerging telehealth practice …
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Posted on 02/09/2020

DFM honours 8 brokerage firms with five star rating during the second round of its brokers’ excellence scheme

Hassan Al Serkal, CEO of DFM, and Hamed Ali, CEO of Nasdaq Dubai and Deputy CEO of DFM, presented the Five Stars Rating certificates to 8 brokerage firms …
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Posted on 02/09/2020

UAE’s digital cash platform klip set for launch

Emirates Digital Wallet set to boost cashless transactions across the country Dubai: The nationwide initiative – jointly set up by 15 of the UAE’s leading national banks – aims to drive digital …
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Posted on 02/09/2020

Crypto Banking Firm Cashaa Eyes India Expansion After $5M Raise

Cashaa, a self-described “crypto-friendly neo-bank,” has just raised $5 million from Dubai-based blockchain investment and advisory firm 01ex.
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Posted on 02/09/2020

Cashaa raises $5 million from Dubai based O1ex, a blockchain investment firm

Since Cashaa has been dealing in huge amounts of transactional data on crypto-currencies and national currencies, it has been enabling governments globally to understand the industry better and help …
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Posted on 02/09/2020

First Israeli flight lands in Abu Dhabi. Emirates in aid of Syria

Yesterday an Israeli El Al aircraft, which departed from Tel Aviv, landed in Abu Dhabi after flying over Saudi airspace. Meir Ben-Shabbat: “Here to transform a vision into reality”, unlimi …
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Posted on 02/09/2020

Abu Dhabi embraces the future with plans to launch first coding school

The Abu Dhabi Department of Education and Knowledge (ADEK) has announced that the UAE capital will open the first GCC campus of the internationally renowned 42 Network of coding and computer …
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Posted on 02/09/2020

Abu Dhabi opens a coding school with no classes or teachers

Abu Dhabi’ has gained endorsements from the likes of Twitter founder Jack Dorsey and Snapchat’s Evan Spiegel Abu Dhabi is opening a coding school that has no classes and is free to attend. Known as …
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Posted on 02/09/2020

Saudis say ‘all countries’ can fly to, from UAE over kingdom

Saudi Arabia announced Wednesday that flights to and from the United Arab Emirates “from all countries” will now be able to use its airspace — a statement apparently allowing flyovers by Israel …
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Posted on 02/09/2020

Daughter of arrested ‘Hotel Rwanda’ hero says he was ‘kidnapped’ in Dubai

The man portrayed in ‘Hotel Rwanda’ as saving the lives of more than 1,200 people from genocide was ‘kidnapped’ while in Dubai, his daughter says.
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Posted on 02/09/2020

Dubai set to raise $1.5bln on return to public debt markets

It tightened price guidance by 30 basis points to around 220 basis points over midswaps for 10-year sukuk tranche and by 25 bps to around 4.125% for 30-year bonds …
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Posted on 02/09/2020

Lufthansa to ramp up Dubai flights by 30% amid surge in travel demand

Germany’s Lufthansa Group will ramp up flight operations on its Frankfurt-Dubai route in September by 30 per cent, an increase of eight flights compared to the month of August. The addition of new …
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Posted on 02/09/2020

Apollo-Led Group Invests $2.7 Billion in UAE Oil Firm’s Property

A consortium led by Apollo Global Management Inc. agreed to invest billions of dollars in the real estate of Abu Dhabi’s oil company, in what will be one of the Middle East’s largest property deals.
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Posted on 02/09/2020

PROJECTS: China’s Sungrow bags inverter supply deal for Dubai solar power project

China-based inverter manufacturer Sungrow announced on Wednesday that it has signed an agreement with the Shanghai Electric Group to supply its 1500V 6.25 MW turnkey solution to the 900 megawatt fifth …
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Posted on 02/09/2020

On Dubai Startup Hub’s Third Anniversary, A Look Back At The Lessons Learnt Building This Entrepreneurial Community In The Middle East

“With Dubai Startup Hub, it was about building the bridge to the future for all- established companies, family businesses, entrepreneurial individuals, and technology innovators by creating platforms …
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Posted on 02/09/2020

Jet ski renters in Sharjah should not pay for any damage, say authorities

The Sharjah Police and Municipality have tightened control on jet ski rental outlets following a number of complaints about the ID requirements. Some customers said they were asked to leave their …
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