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Month: June 2021

Posted on 22/06/2021

Investments in crypto hit a new record of $17 billion, but Indian funds are yet to jump on the bandwagon

The year has recorded investments worth $17 billion in the crypto space already, the largest in any year so far. According to a whitepaper by IndiaTech, Indian companies only received 0.2% of the $5.5 …

Posted on 22/06/2021

UAE: New ‘Tourism 365’ company launched to promote Abu Dhabi

Abu Dhabi National Exhibitions Company (ADNEC), part of ADQ, has launched ‘Tourism 365’. The new company will create experiential travel opportunities for tourists coming to Abu Dhabi, and enhance the …

Posted on 22/06/2021

Pakistani man honoured in UAE for rescuing woman from drowning

Ajman: Lt Col Ghaith Khalifa Salem Al Kaabi, Director of the Comprehensive City Police Station, honoured Muhammad Nagman, a Pakistani national, for his courage in saving a 58-year-old Sri Lankan woman …

Posted on 22/06/2021

COVID-19 in UAE: Lab on wheels can conduct 2,000 tests a day

A mobile laboratory that can provide over 2,000 tests — including PCR tests — per day, was unveiled in Dubai on Monday. Health-tech company G42 Healthcare launched the unique Seegene Mobile Station in …

Posted on 22/06/2021

Dubai State Holding Firm Posts $5.1 Billion Loss as Virus Weighs

Investment Corp. of Dubai, the main state-controlled holding firm of the emirate, reported its first loss in at least eight years as the coronavirus pandemic weighed on earnings at its portfolio …

Posted on 22/06/2021

Etisalat, Ericsson team up for 5G high-band in UAE

UAE-based multinational telecom services operator Etisalat has partnered with Swedish multinational networking and telecommunications company Ericsson to deploy a 5G millimeter wave (mmWave) across …
( read original story …)


Posted on 22/06/2021

Abu Dhabi launches ‘Tourism 365’ to expand prospects in travel and tourism sector

Tourism 365 will play a critical role in growing the emirate of Abu Dhabi as one of the Middle East’s leading tourism destinations. It will do so through close collaboration …
( read original story …)


Posted on 22/06/2021

Dubai’s investment arm ICD records full year loss of 15.50 billion dirhams

Investment Corp. of Dubai, the Dubai government’s main investment arm, on Tuesday reported a loss for last year as the coronavirus pandemic impacted its portfolio companies.
( read original story …)


Posted on 22/06/2021

UAE: Where does the money for credit card rewards come from? If you thought credit card companies, think again!

Dubai: Credit card companies are offering better rewards and signup bonuses, and you as a consumer earn points, miles, and cash back. But how do card companies afford to offer such rewards? Credit …
( read original story …)


Posted on 22/06/2021

Abu Dhabi’s non-oil foreign trade reached Dhs201.2bn in 2020

Abu Dhabi’s non-oil foreign trade through its customs ports reached over Dhs201.2 billion in 2020, 5.6 per cent lower compared to Dhs213.3bn recorded in 2019. Its 2020 trade figures included Dhs92.5bn …

Posted on 22/06/2021

Abu Dhabi’s non-oil foreign trade tops $54bn in 2020

Abu Dhabi’s non-oil foreign trade reached more than AED201.2 billion ($54.7 billion) during 2020, distributed to imports which worth AED92.5 billion, exports with AED73.46 billion, and re-exports with …

Posted on 22/06/2021

UAE: Arbitrary Targeting of Pakistani Shia Residents

United Arab Emirates authorities have forcibly disappeared at least four Pakistani men since October 2020 and deported six others without explanation, apparently based solely on their religious …

Posted on 22/06/2021

UAE receives $20bln FDI; 15th largest recipient of inflows in world

The UAE was the world’s 15 th biggest recipient of foreign direct investment (FDI) in 2020, receiving $20 billion, up from $18 billion in 2019. ADNOC ’s sale of a stake in its natural gas pipelines …

Posted on 22/06/2021

Daughter of Dubai ruler appears to have ‘degree of freedom’ after captivity fears: lawyer

Sheikha Latifa, one of the daughters of the ruler of Dubai, appears to be enjoying an increasing degree of freedom and is traveling, a lawyer for the group which campaigned for her freedom told …

Posted on 22/06/2021

Building A Future-Ready Restaurant Business In The UAE: The How-To

The restaurant industry has recalibrated itself post the pandemic, and it is emerging stronger with innovations in both business models and service.
( read original story …)


Posted on 22/06/2021

Four Steps To Build A Successful Digital Marketing Campaign In The UAE

If you are a small-to-midsize business, here are four steps that will help you successfully launch a digital marketing campaign in UAE.
( read original story …)


Posted on 22/06/2021

Arab Health, Medlab open in Dubai with 1,500 exhibitors

Arab Heath and Medlab Middle East Exhibition and Congress 2021 opened in Dubai yesterday (June 21) with 1,500 exhibitors from 62 countries showcasing the latest innovations as the healthcare sector …
( read original story …)


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