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Month: October 2020

Posted on 26/10/2020

Dubai To Introduce Facial Recognition Tech In Public Transport To Enhance Security

Dubai is all set to roll out a brand new feature of facial recognition system on public transport in a bid to strengthen security for the local, said officials.
( read original story …)


Posted on 26/10/2020

Hamdan inaugurates virtual edition of WETEX and Dubai Solar Show 2020

Minister of Finance and President of Dubai Electricity and Water Authority (DEWA), on Monday virtually inaugurated the Water, Energy, Technology and Environment Exhibition (WETEX) and the Dubai Solar …
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Posted on 26/10/2020

Dubai free economic zone open for international business without initial investment

The Dubai Multi-Commodities Centre (DMCC), a free economic zone, has rolled out an offer to international companies to set up a representative office in the emirate in five working days for a free …
( read original story …)


Posted on 26/10/2020

What business owners must know when disclosing ‘Ultimate Beneficial Owner’ details in the UAE?

Dubai: In the past few years the number of reports … With an industry-wide clampdown for banks and corporations to know who they do business with, this is why firms or lenders now go through …
( read original story …)


Posted on 26/10/2020

UAE’s 20by2020 Initiative Brings Life-Changing Water Solution to Thousands in Cambodian Villages

Zayed Sustainability Prize finalist’s technology delivers a source of vital clean water to vulnerable communities. Thousands of people across three Cambodian villages can now li …
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Posted on 26/10/2020

Dubai Celebrates Setting Guinness World Record for Largest Fountain

The Palm Fountain was unveiled on Dubai’s waterfront and now has the distinction of being the largest fountain in the world according to the Guinness Book of World Records. The title was previously …
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Posted on 26/10/2020

Emaar Eclipsed as Top UAE Developer on $8 Billion Aldar Deal

(Bloomberg) — Aldar Properties PJSC became the biggest listed developer in the United Arab Emirates after its shares rose the most in six years on the back of a deal with a state-owned entity in Abu …
( read original story …)


Posted on 26/10/2020

UAE’s biggest bank FAB posts 19% drop in third quarter net profit

First Abu Dhabi Bank , the United Arab Emirates’ biggest lender, reported a 19% fall in quarterly profit on Monday, dragged down by a double-digit drop in net interest income and higher …
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Posted on 26/10/2020

Sharjah gets 4 new markets

Four new markets have been constructed at a cost of Dh30,000.000 in the central region of Sharjah by Sharjah Public Work Department (SPWD) to cater to the needs of people. The four markets included a …
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Posted on 26/10/2020

Abu Dhabi Fund for Development says $556.6 million provided to Sudan, commits to completing $1.5 billion UAE grant

Abu Dhabi Fund for Development says $556.6 million provided to Sudan, commits to completing $1.5 billion UAE grant DUBAI, Oct 26 (Reuters) – The Abu Dhabi Fund for Development said on Monday it has …
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Posted on 26/10/2020

MIDEAST STOCKS-Aldar lifts Abu Dhabi, Egypt extends losses

Abu Dhabi’s index closed higher on Monday boosted by gains in Aldar Properties following a government projects management deal, while Egypt’s stock market extended losses as Commercial International …
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Posted on 26/10/2020

First Abu Dhabi Bank’s nine-month 2020 net profit dips 22% to Dh7.3b

Dubai: The UAE’s biggest bank, FAB, recorded a 22 per cent drop in net profit for first nine months to Dh7.3 billion, brought on by “softer” revenue and higher impairments. For the third …
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Posted on 26/10/2020

Expat woman falls to death while trying to escape arrest in Sharjah

A woman reportedly jumped from the balcony of a sixth-storey apartment in the early hours of Sunday, October 25, trying to escape police arrest, an official at Sharjah Police said. The incident …
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Posted on 26/10/2020

Sharjah Publishers Conference to begin on November 1

More than 317 publishing professionals and 33 speakers will take part in the 10th Publishers Conference from November 1 to 3, the Sharjah Book Authority (SBA) has announced.The three-day event will …
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Posted on 26/10/2020

Commercial Bank of Dubai’s Dh600m bond issue pulls in heavy institutional interest

The Commercial Bank of Dubai has made a return to the capital markets for the first time since 2015, through a Dh600 million six-year bond issue. More than 100 investors participated in the offer, …
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Posted on 26/10/2020

Dubai, Abu Dhabi businesses team up to help Israel firms enter UAE market

Two companies in Dubai and Abu Dhabi are uniting in a joint venture to help Israeli companies set up business in the United Arab Emirates. Dubai’s Virtuzone and Abu Dhabi’s APEX Holdings …
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Posted on 26/10/2020

Show Emirates ID, Covid-19 certificates to enter Abu Dhabi

In its attempt to make the flow of traffic smoother and avoid jams at security points while entering the Capital, the Abu Dhabi Police has urged drivers to follow procedures and instructions …
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