A 32-year-old Asian visitor was jailed for stealing electric cables from a building under construction belonging to Dubai Investment Complex.The accused was paid Dh100 every time he stole the cables …
Dubai’s Emirates REIT sells DIFC property for $11mln
Dubai-based Emirates REIT, which was earlier this week forced to withdraw a restructuring proposal for its $400 million dollar sukuk, or Islamic bond, following investor opposition, said it sold half …
Mammoth Dubai solar park set to power water pumping station
The new facility is expected to be connected to the emirate’s water network this month. Dubai Water and Electricity Authority ( DEWA) has said the AED23.1 million ($6.29 million), 7.5 …
( read original story …)
US investor buys majority share in Dubai’s virtual golf operator
Global investment firm Dale Ventures has acquired a majority share in Dubai-based X-Golf Entertainment and will support the company as it seeks to launch its flagship urban golf club venue later this …
( read original story …)
UAE venture capital firm invests in US online university
Nexford University, a next-generation online university based in Washington DC, says Global Ventures led $10.8m Pre-Series A funding round …
( read original story …)
Covid: UAE residents’ savings swell to Dh199 billion during pandemic
UAE residents’ savings have swelled during Covid as pandemic-induced restrictions and lockdowns led people to spend less on travel, entertainment, fuel expenses and shopping. The latest data released …
( read original story …)
Sharjah Ruler forms Hayawa Suburb Council
His Highness Sheikh Dr. Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued Emiri Decree No. (20) of 2021, regarding the formation of Hayawa Suburb Council in the city of …
Covid-19 update: UAE reports 2,190 cases, 7 deaths
The UAE has reported a total of 2,190 Covid-19 infections on June 10. The new infections were reported, following 240,744 examinations conducted to screen for the virus. The health ministry also …
UAE: Indians, Filipinos jointly win Dh1m, pledge to pay it forward
All the four winners of the Mahzooz draw, who bagged Dh250,000 each, to donate a portion of their prize money to charity …
Kerala man freed from death row in UAE returns, says got second life
Krishnan was sentenced to death by UAE’s Supreme Court in 2013 after he rammed his car into a group of children in Abu Dhabi in September 2012, killing a six-year old Sudanese boy.
Ronald S Lauder addresses UAE-Israel Conference
Lauder said that his involvement in building a Jewish school in Dubai and the sight of so many Israelis visiting the Emirates in recent weeks are encouraging signs of normalcy and inclusiveness …
India-UAE flight suspension extended until July 6, Emirates tells passengers
The suspension of passenger flights from India to UAE will continue until July 6, Dubai-based carrier Emirates told passengers. “We’re further suspending our flights from India until 6th of July. Our …
Abu Dhabi, Dubai best cities to live in region
According to The Economist’s annual survey of the world’s most liveable cities in 2021, Abu Dhabi’was ranked 63rd.
New business ruling will reap ‘real tangible results’ for Dubai, says leading business expert
Decision to reduce government procedures for doing business in Dubai by 30% aimed at consolidating the emirate’s status as a global investment and business destination …
ThetaRay CEO discusses new technology at Global Investment Forum
Mark Gazit said ‘an open economy brings true peace’ at the Jerusalem Post-Khaleej Times Global Investment Forum in Dubai …
( read original story …)
Sharjah Sustainable City: Green living
Mutawa, CEO of Sharjah Sustainable City, discusses progress on a megaproject that will put the emirate on the Sustainable development map …
UAE to trial Sinopharm Covid vaccine in children aged 3 to 17
The UAE’s Ministry of Health and Prevention (MOHAP) has initiated a Sinopharm “immune bridge study” for children aged three to 17 years.The Department of Health – Abu Dhabi will implement all …