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Month: December 2020

Posted on 17/12/2020

Khalifa University scientists in Abu Dhabi unravel 40-year mystery of sea within Antarctic ice cover

Open water stretch was formed by large-scale poleward transport of heat and moisture Abu Dhabi: Researchers in Abu Dhabi have unravelled a more than 40-year-old scientific mystery about why a body …
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Posted on 17/12/2020

UAE Exchange Centre’s parent company Finablr is sold to Israeli-UAE consortium for $1

UAE consortium steps in as new owner to try and revive B.R. Shetty owned Finablr London: Finablr plc is selling its business to an Israeli-UAE consortium for $1, capping the collapse of a business …
( read original story …)


Posted on 17/12/2020

UAE Exchange Centre’s parent company is sold for $1

Its foreign exchange businesses and payment-technology operations include one of the largest foreign currency firms in the UAE – UAE Exchange. Finablr revealed in April about $1 billion of debt hidden …
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Posted on 17/12/2020

Mambu opens new office in the United Arab Emirates (UAE)

Mambu announced the opening of its new office in the emirate of Abu Dhabi, as the UAE has quickly become a key market for it.
( read original story …)


Posted on 17/12/2020

Abu Dhabi’s Hope Consortium expands reach via four key partnerships

Abu Dhabi’s Hope Consortium has secured a strategic agreement with four international freight forwarders to bolster its distribution reach. Latest entrants to the consortium include Agility …
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Posted on 17/12/2020

Abu Dhabi’s innovation fund expanded to Dh2b

Abu Dhabi Investment Office will now target businesses outside of ‘agtech’ as well A range of innovation-themed businesses in financial services, tourism and pure IT will be considered for likely …
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Posted on 17/12/2020

Dubai’s secondary residential property sales hit new high in November

The secondary residential property sales in Dubai real estate market for November hit a new high registering a total of 3,928 transactions worth AED7.65 billion ($2.08 billion), thus breaking a …
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Posted on 17/12/2020

Both technology and talent are essential to the UAE’s innovation agenda

Yet the tools of decades past have now been replaced by cutting-edge technologies that are propelling the UAE to new levels of success – quite literally, to the stars and back. In recent years, the …
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Posted on 17/12/2020

SM, DSCD to enhance electronic connectivity in Sharjah

Sharjah Municipality (SM) has signed a MoU with the Department of Statistics and Community Development (DSCD) in Sharjah, to promote digital transformation within the emirate. Chairman of DSCD, Sheikh …
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Posted on 17/12/2020

Man cleared of charges of ruining wife’s reputation in Sharjah

A man, who was accused of defaming and spoiling the reputation of his wife after he claimed he had caught her cheating on him, has been cleared by the Sharjah Criminal Court. The man, in his 30s, …
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Posted on 17/12/2020

Abu Dhabi’s non-oil trade with Bahrain hits $11.3bn in 6 years

The General Administration of Abu Dhabi Customs has announced that the volume of non-oil trade exchange between Abu Dhabi and Bahrain through the emirate’s ports amounted to AED41.83 billion ($11.3 …
( read original story …)


Posted on 17/12/2020

UAE-based ‘Uber for trucks’ to seek new funding, weighs IPO

Trukker, a UAE-based start-up that provides an Uber-like service for trucks, is planning to launch a new fundraising early next year and could eventually be listed on a regional stock exchange. “We …
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Posted on 17/12/2020

Failed Xinja spruiked Dubai injection to prospective investors

Former employees have suggested Xinja made poor decisions such as signing an expensive long-term lease at the former headquarters of Facebook in Australia when it was burning cash.
( read original story …)


Posted on 17/12/2020

Sensasia launches ‘speedy spa’ in Mall of the Emirates

Well, now you can. Sensasia, the popular luxury spa group, has launched a boutique express spa lounge in Kempinski Hotel Mall of the Emirates. Called Stories Lab, the pitstop lounge can be found on …
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Posted on 17/12/2020

Expo Centre Sharjah launches fashion fair

With the premium segment turning out to be a bright spot for the retail industry, Expo Centre Sharjah is set to launch a consumer fair to …
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Posted on 17/12/2020

Sharjah builds region’s first functional 3D-printed house

Sharjah Research, Technology and Innovation Park (SRTI Park) has announced that the first 3D-printed fully functional villa in the Middle East – named Sharjah 24 – has been constructed in its premises …
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Posted on 17/12/2020

Abu Dhabi-Bahrain non-oil trade reaches $1.04bn for 11M 2020

The General Administration of Abu Dhabi Customs has shared that the volume of non-oil trade exchange between Abu Dhabi and Bahrain through the emirate’s ports has amounted to $11.3bn (AED41.83bn) …
( read original story …)


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