European companies hit by the coronavirus crisis are increasingly turning to a complex financial tool to pay suppliers, raising investor concerns around “hidden” debt.
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TRA foils 821,028 cyberattacks in the UAE
The Telecommunications Regulatory Authority (TRA) has foiled 821,028 cyberattacks in the UAE till November, Emarat Al Youm, an Arabic newspaper reported on Tuesday. The TRA said that the cyberattacks …
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Beitar Jerusalem: UAE sheikh buys stake in Israeli football club
An Emirati sheikh has bought a 50% stake in the Israeli football club Beitar Jerusalem, long tainted by accusations of anti-Arab racism. A club statement said Sheikh Hamad bin Khalifa Al Nahyan would …
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Morgan Stanley Says Dubai Builder Emaar Faces Prisoner’s Dilemma
Dubai’s largest property developer faces a quandary heading into 2021, according to Morgan Stanley.Emaar Properties PJSC can stop new projects, which would relieve Dubai’s over-supplied property …
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Love Island’s Arabella Chi heads out for dinner after returning from her Dubai trip
The Love Island 2019 contestant, 29, kept the good times rolling on as she dined at Novikov in central London on Monday evening after returning from her holiday.
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Covid effect: Dubai’s Mawaheb closes down after 10 years
The year 2020 has been many things for many people. For Mawaheb – a 10-year-old Dubai institution that pushed for the inclusion and integration of adults with special needs – it is, sadly, the end of …
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Molly-Mae Hague showcases her incredible figure in £450 Fendi swimsuit in Dubai
The Love Island star took to Instagram to share a sizzling snap of herself in a £450 Fendi swimsuit as she hit the beach in Dubai on Tuesday.
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Dubai saves Dh22 million, thanks to volunteers who put in extra hours amid Covid-19
With an almost 50 per cent increase in volunteer hours this year, government and private entities in Dubai were able to save Dh22 million in funds, the emirate’s Community Development Authority (CDA) …
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Doha Stocks Rally on Saudi Arabia, Qatar Talks: Inside EM
Stocks in Doha rallied after Saudi Arabia and Qatar said they were making progress toward ending a three-year long rift, providing the latest spur to a region being buttressed by a jump in oil prices …
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Dubai’s Dubal Holding picks 60% in aluminium extrusion company OSE
Dubai Government owned Dubal Holding has taken a 60 per cent stake in OSE Industries, a local aluminium extrusion company. A family-run business, OSE commenced operations in 2015 at Dubai Industrial …
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Gitex 2020: UAE showcases tele health services for cardio, paediatric patients
The UAE’s Ministry of Health and Prevention (MoHAP) has showcased its telemedicine and health monitoring services, as it took part in the ongoing Gitex Technology Week. The remote services were …
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Dubai e-commerce platform Sprii goes into liquidation after failing to raise more capital
In H1 2019, Sprii raised $8.5m in funding, raising its total secured investment to more than $13m at the time. Read: Dubai-based Sprii.com raises $8.5m in latest funding round Sprii’ forms part of a …
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Sprii creditors warned they may face long wait to get their money back
Dubai-based lawyer says liquidation of online shopping platform may be a long process with no guarantee of retrieving funds …
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UAE Eases Oil Supply Cut to Asia After OPEC+ Compromise Deal
The United Arab Emirates will provide Asian oil buyers with a little more crude next month after OPEC+ reached a compromise deal on cuts.
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Flying out of Dubai this weekend? Reach the airport early, urges Emirates
More than 200,000 passengers are expected to travel through Dubai International Airport during the Christmas holiday period as UAE residents and citizens head home or to other destinations, according …
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Abu Dhabi Wealth Fund Targets Africa, Renewables to Lift Returns
Abu Dhabi’s top sovereign wealth fund is looking to Africa and renewable energy to generate greater returns, while relying more on artificial intelligence to mine data and spot new investment …
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Sharjah Police crackdown on seat-belt violation
Authorities seek to make the UAE the safest country for road traffic in the world. Sharjah Police launched a crackdown targeting the …
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