Environmental technology startup opens an office in Dubai and expands to Abu Dhabi to scale up commercial operations after graduating from in5.
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UAE-based Ziina raises $7.5m in latest funding round
Ziina, the UAE’s first Peer-to-Peer (P2P) payment application, which is backed by Y-Combinator (YC), announced its latest funding round of $7.5 million. The round which closed in May 2021 will help …
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UAE-based payment app Ziina raises $7.5m
Dubai: The UAE peer-to-peer (P2P) payment app Ziina secured $7.5 million in its latest funding round. Funds raised will help the company launch its new ‘digital wallet’ service and fuel expansion into …
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5 amazing UAE launches to look forward to this year
Dubai: Coinciding with the celebrations of 50 years of the UAE’s union are several remarkable launches and openings in Dubai. Here are some of the most anticipated landmarks set to open this year.
Dubai property transaction value hits 4-year high in May
Dubai real estate market recorded the highest total sales transaction value in May 2021 in the last four years, reaching over Dh11.11 billion.May 2021 saw 4,429 transactions worth Dh11.11 billion, 8.1 …
MIDEAST STOCKS Most Gulf markets fall; Dubai rises on real estate strength
Most major Gulf stock markets fell in early trading on Tuesday, while Dubai bucked the trend, supported by gains in real estate shares.
Abu Dhabi Ups Efforts to Become Media Industry Hub With $6 Billion Investment
Abu Dhabi is stepping up efforts to become a global media and entertainment industry hub as part of a drive to diversify its oil-based economy. The oil-rich capital of the United Arab Emirates has …
Dubai court upholds jail term and deportation for Bangladeshi man who uploaded TikTok video with gunshot sounds
Dubai: Dubai Court of Appeals has upheld the six-month jail sentence for a waiter for adding fake gunshot sounds to his Tiktok video clip. The 34-year-old Bangladeshi waiter was accused of recording a …
Fashion e-tailer About You eyes $4.9bln valuation in Frankfurt IPO
BERLIN – German fashion e-tailer About You set a price range of 21 to 26 euros per share on Tuesday for its initial public offering, putting a prospective valuation of around 4 billion euros ($4.9 …
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Sharjah Police honour man for helping foil attempt at theft
Asian man helped in the arrest of a thief and handed him over to the police Sharjah: An Asian man was honoured by Major General Saif Al Ziri Al Shamsi, commander-in-chief of Sharjah Police, for his …
German expat in Dubai sells signature Palm Jumeirah villa for Dh70.2 million
Dubai: A German expatriate living in Dubai has sold a refurbished signature villa for a whopping Dh70.2 million — one of the highest recorded sale up until now. Holger Albers, a shareholder of …
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UAE’s small businesses need to go by this To-Do list to be cashflow positive
Smaller organisations have lots of advantages in the current market, which is why cashflow management is crucial if they want to seize the opportunities available and maximise their agility. It’s …
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UAE Central Bank unveils portal to anonymously report misconduct
The Central Bank of the UAE (CBUAE) has launched a new whistleblowing portal that allows stakeholders to anonymously raise concerns related to misconduct or policy violations by CBUAE employees, …
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Dubai: $21.77mln lost to crypto scams this year; how to keep your money safe
He said these scams cover different kinds of criminal aspects, such as Ponzi schemes and false representation, etc. “When we tell this number to people, they say: is it really possible that Dh80 …
Air Arabia to start new service from Sharjah to Phuket
UAE’s Air Arabia will introduce a new service to Phuket, Thailand, with direct flights from Sharjah International Airport, starting July 2, 2021. The schedule of Air Arabia flights to Phuket, from …
Abu Dhabi’s creative pivot away from oil
Plus, the FT’s Gulf correspondent, Simeon Kerr, explains why Abu Dhabi is shifting away from oil and investing more into arts, media and culture. See acast.com/privacy for privacy and opt-out …
Abu Dhabi Plans $6 Billion Spending in Cultural Sector, FT Says
Abu Dhabi plans to invest $6 billion in the cultural and creative industries over the next five years as the energy-rich sheikhdom diversifies away from oil, the Financial Times reported.