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Month: December 2020

Posted on 17/12/2020

Foreign Minister Qureshi lands in UAE for two-day visit

Foreign Minister Shah Mahmood Qureshi on Thursday landed in the United Arab Emirates (UAE) for a two-day visit during which he will hold discussions with the UAE leadership on all areas of mutual …
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Posted on 17/12/2020

FM Qureshi leaves for two-day UAE visit

ISLAMABAD: Foreign Minister Shah Mehmood Qureshi is on a two-day visit to the United Arab Emirates, Foreign Office said on Wednesday. The Ministry of Foreign Affairs said FM Qureshi would be holding …
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Posted on 17/12/2020

Dubai State Holding Firm Posts $3.1 Billion Loss as Virus Weighs

(Bloomberg) — Investment Corp. of Dubai, the main state-controlled holding firm of the emirate, reported a loss in the first half as the coronavirus pandemic weighed on earnings at its portfolio …
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Posted on 17/12/2020

Four steps for UAE businesses to up their e-commerce game

Technologies such as Tokenization and Secure Remote Commerce that increase security and reduce friction will also evolve to be part of the default checkout flow of e-commerce merchants, replacing …
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Posted on 17/12/2020

Middle East’s ‘Uber for Trucks’ to Seek New Funding, Weighs IPO

Trukker, a UAE-based startup 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

DAMAC Properties teams up with ADIB to offer home finance plan

As demand for ready and off-plan villas increases in Dubai, DAMAC Properties has announced a home finance plan in partnership with Abu Dhabi Islamic Bank (ADIB). The plan offers a finance with a rate …
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Posted on 17/12/2020

UAE-Israeli partnership closes in on deal to buy Finablr

was placed under the supervision of the UAE central bank in March. Prism says it has institutional investor commitments, including from hedge funds and sovereign wealth funds from the US to the Gulf, …
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Posted on 17/12/2020

33% UAE travellers ‘keen to travel abroad in 3-6 months’

Since the recent announcement of the vaccine two weeks ago, queries related to air and accommodation to the UAE have picked up rapidly …
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Posted on 17/12/2020

U.S. blacklists Chinese, UAE-based companies over sale of Iranian petrochemicals

The United States on Wednesday imposed sanctions on companies based in China and the United Arab Emirates, accusing them of supporting the sale of Iranian petrochemicals as Washington increases …
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Posted on 17/12/2020

UAE to raise clean energy use to 50% by 2050 under environment policy

By 2050, 50 per cent of electricity in the UAE shall be clean and emission-free, the Ministry of Climate Change and Environment (MoCCAE) said on Wednesday as it officially launche …
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Posted on 17/12/2020

FM leaves for UAE today

A couple of weeks after temporary suspension of issuance of visit visas to the citizens of a dozen countries, including Pakistan, by the United Arab Emirates (UAE), Foreign Minister Shah Meh­mood …
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Posted on 17/12/2020

Morgan Stanley, Nomura Say It’s Time to Bet on Dubai Tourism

Morgan Stanley and Nomura Holdings Inc. say it’s time to bet on a rebound in Dubai’s tourism industry as 200,000 travelers fly in to the desert city for the Christmas and New Year holidays.
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Posted on 17/12/2020

UAE- Mohamed bin Zayed, Egyptian President discuss ties, regional issues

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Abdel Fattah el-Sisi, President of Egypt, today discussed the …
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Posted on 17/12/2020

UAE weather: Cloud at times on Thursday with a humid night in store

Thursday will be sunny and partly cloudy at times, according to the UAE’s National Center of Meteorology (NCM). The weather bureau says inland areas will witness the day’s top temperature of 28 …
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Posted on 17/12/2020

Joining Forces in Business: UAE and Israel

Bank Hapoalim and the Ministry of Economy’s Israel Export Institute made history this week when they led the first ever delegation of 200 Israeli tech company owners in Dubai …
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Posted on 17/12/2020

UAE landmarks light up for Bahrain National Day

The UAE and Bahrain share historic ties dating back many decades, which are underpinned by their common visions and beliefs.
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Posted on 17/12/2020

Dubai’s Times Square is laying on the festive family fun

Between December 18 and January 1, 2021 Dubai families can step into a winter wonderland at … Kids can also get a little pressies from the elves when they choose a number of open on the mall’s …
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