The UAE — made up of seven emirates including the capital Abu Dhabi and freewheeling Dubai — announced in September 2020 … and power during the cruise phase, and engage in wireless communication …
( read original story …)
UAE: I own a struggling business. Can I delay filing for bankruptcy?
In response, the UAE had enacted a Bankruptcy Law, which provided new avenues to remediate a situation wherein your business might need to file for insolvency. It is part of the global wave of …
( read original story …)
Dubai Islamic Bank closes lowest-ever pricing on an AT1 issuance from the GCC
Sukuk was 5.6 times oversubscribed with an orderbook that peaked at $2.8 billion Dubai Islamic Bank PJSC (DIB) has priced a $500 million Perpetual Non-Call 5.5-year Additional Tier 1 Sukuk with a …
( read original story …)
Ethiopian gang jailed for Dh4 million robbery in Dubai
Gang robbed cash at knife-point from two employees of firm after they returned from bank Dubai: An Ethiopian gang in Dubai has been sentenced to five years in jail for robbing Dh4 million at knife …
( read original story …)
Dubai’s economic department to roll out blockchain-based corporate KYC
The blockchain KYC consortium is one of many examples of the positive stance adopted by the Emirati government in dealing with crypto and blockchain technology. Earlier in April, UAE Minister of …
( read original story …)
Sharjah extends payment period for power bills
If your Sewga bill is Dh1,000 or less, you can pay within a month from the date of billing. The Sharjah Electricity, Water and Gas Authority (Sewga) has extended the payment periods for utility bills, …
( read original story …)
Silver Lake Invests About $800 Million for Minority Stake in Abu Dhabi’s G42
The private-equity firm will be the Mideast technology company’s first Western investor.
( read original story …)
Arab man granted custody of his three children in Abu Dhabi
Children’s mother was found unable to provide for the children’s upkeep, well-being Abu Dhabi: An Arab man has been granted custody of his three children after the Federal Supreme Court ruled …
( read original story …)
Tourism, municipality fee exemption extended till June 30 for Abu Dhabi hotels
Hotels will be exempt from tourism and municipality fees until June 30, 2021, following an extension of the exemption scheme offered by the Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi …
( read original story …)
Covid-19 in UAE: Fee exemptions extended for Abu Dhabi hotels
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has extended exemptions of tourism and municipality fees for hotel establishments operating within the emirate until June 30, 2021.
( read original story …)
Ten startups graduate from 2021 Techstars Hub71 accelerator programme in Abu Dhabi
Ten technology startups have graduated from this year’s Techstars Hub71 accelerator programme after making presentations at the annual Demo Day. The portfolio companies hope to secure a total of $15m …
( read original story …)
Abu Dhabi based LuLu Financial Holdings appoints former ADGM FSRA CEO to its Board of Directors
Richard Teng, former CEO of Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), as an Independent Director to its Board Abu Dhabi, United Arab Emirates: UAE-basedLuLu Financial …
( read original story …)
UAE Ramadan 2021: Stunning new mosque opens
A stunning new mosque has opened on Abu Dhabi’s Yas Island. Miral and the General Authority of Islamic Affairs and Endowments said the mosque has come up in Yas Bay. The uniquely designed mosque is a …
( read original story …)
Tristar Is Set to Pull Dubai IPO as Investors Push Back on Valuation
Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Middle Eastern logistics firm Tristar Transport is set to pull its initial public offering in Dubai after …
( read original story …)
Dubai logistics firm Tristar drops IPO plans – sources
Logistics firm Tristar has dropped plans for an initial public offering in Dubai due to insufficient demand from investors, two sources familiar with the matter told Reuters on Wednesday. By Davide …
( read original story …)
UAE partners with Japan’s iSpace to send rover to the moon
DUBAI: Lunar exploration company iSpace will … Mission with wired communication and power during the cruise phase and wireless communication on the moon. The UAE launched a National Space …
( read original story …)
UAE-Russian Business Council discusses joint cooperation in digital economy
The UAE-Russian Business Council recently discussed means of developing the UAE-Russian economic relations, enhancing cooperation in the digital economy field, and fostering joint investments in the …
( read original story …)