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Month: June 2021

Posted on 27/06/2021

UAE: Spending habits change as consumers stay cautious amid Covid pandemic

Study shows that 73 per cent of consumers have admittedly changed their shopping habits to adapt to new normal.

Posted on 27/06/2021

UAE adds new Toyota Land Cruiser to police and Civil Defense fleets

The 300-series Toyota Land Cruiser launched just a couple of weeks ago, but the Dubai police and Civil Defense have both added the new 300-series Toyota Land Cruiser to their respective fleets. The …

Posted on 27/06/2021

UAE: 30,516 Covid vaccine doses administered in 24 hours

The UAE has administered 30,516 doses of the Covid-19 vaccine in the past 24 hours.The country’s Ministry of Health and Prevention (MoHAP) said the total doses administered now stands at 15 million.

Posted on 27/06/2021

Dubai Economy and HSBC strengthen UAE KYC blockchain platform

HSBC becomes the fourth founding member bank to go live on the UAE KYC Blockchain Platform; This marks the latest step in the continued expansion of the ecosystem, which now holds …

Posted on 27/06/2021

UAE startup eyewa raises $21m in Series B funding round

Eyewa aims to take its e-commerce model and expand into brick-and-mortar retail operations at key locations in the region.
( read original story …)


Posted on 27/06/2021

Abu Dhabi: 5 men fined Dh50,000 each for reckless driving, showboating

Five young men who were accused of reckless driving on Abu Dhabi highways have been fined Dh50,000 each and sentenced to three months of community service. The Abu Dhabi Misdemeanours Court issued …

Posted on 27/06/2021

Abu Dhabi outperforms Gulf bourses as IHC surges on unit’s listing

Alpha Dhabi Holding, in which IHC holds a 45 per cent stake, opened at Dh20 a share before easing to Dh15, giving it a market value of more than Dh175 billion …

Posted on 27/06/2021

5 reckless drivers jailed, told to do community service, fined Dhs50,000 for performing stunts in Abu Dhabi

They were also fined Dhs50,000, while their driving licences were suspended for six months and their vehicles were confiscated for sale at an auction, provided that the price would be used in …

Posted on 27/06/2021

UAE: 88 per cent of SMEs in the country optimistic about future growth

SMEs sector contribute to more than 53 per cent of the UAE’s non-oil GDP and its set to rise to 60 per cent by end of 2021.

Posted on 27/06/2021

UAE: What DSS has in store for residents, tourists this year

The 24th edition of the shopping festival Dubai Summer Surprises (DSS) has a lot in store, as the emirate looks to win over the Covid-19 challenge.The organisers are set to welcome tourists from …

Posted on 27/06/2021

SMEs in UAE positive about growth in next 12 months

After facing unprecedented changes in the wake of the Covid-19 pandemic, 88% of small and medium enterprises (SMEs) in the UAE are optimistic about the next 12 months, according to the latest research …

Posted on 27/06/2021

Dubai Lures Wall Street Jet-Setters as Events Business Rebounds

The jet-setting days of Wall Street bankers and executives flocking to Davos in January might be on pause, but in the financial capital of the Middle East it’s business as usual once more.

Posted on 27/06/2021

Dawn of Roaring Twenties Seen as Dubai’s Luxury Home Sales Soar

A record burst of sales in the priciest corners of the global property market may be ushering in a post-pandemic era of exuberance in real estate — with Dubai among the front-runners.

Posted on 27/06/2021

Dubai: New system to reduce delays for aircraft at airports

Emirates is the first flight that landed at Dubai International Airport with the new operating procedures in place.

Posted on 27/06/2021

Dubai: S&P ups Emaar’s outlook as property demand picks up

Ratings agency S&P Global has upped the outlook for Emaar Properties and its malls subsidiary from negative to stable, thanks to stronger demand lifting property prices in some areas of Dubai for the …

Posted on 27/06/2021

IHC subsidiary Alpha Dhabi completes big Abu Dhabi listing

UAE-based Alpha Dhabi Holding, a subsidiary of International Holding Company (IHC) and a major investment company, has completed a direct listing of its shares on the Abu Dhabi Securities Exchange …
( read original story …)


Posted on 27/06/2021

IHC surges on subsidiary Alpha Dhabi’s Abu Dhabi debut

DUBAI: International Holding’s shares rose more than 14% on Sunday after its subsidiary Alpha Dhabi Holding made its stock market debut on the Abu Dhabi bourse. Alpha Dhabi, in which IHC holds a 45% …
( read original story …)


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