UAE’s newest developer Arada has announced that it has secured a AED250 million ($68.1 million) shariah-compliant facility from Dubai Islamic Bank (DIB) to finance general construction at its Aljada …
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UAE to experiment and launch an in-house digital currency
The United Arab Emirates becomes the latest country to join the race for experimenting with an in-house digital currency. According to the three-year plan for 2023-2026 that announces the launch of …
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UAE Central Bank sets sights on digital currency launch, aims to be among world’s Top 10 banking regulators
UAE regulator to go in for major digital strategy as part of its 2023-26 roadmap Dubai: The UAE Central Bank has set its priorities for 2023-2026, which will see the regulator aim to be among the …
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2.7km lagoon added to Dubai Riviera development
A “crystal” lagoon covering 13ha will be added to the Riviera development under construction at Mohammed Bin Rashid City (MBR City) in Duba. The lagoon-cum-swimming pool will contain 51.5 million …
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UAE and its people are Sheikh Mohamed’s first and last concern: VP
Taking to Twitter after the meeting, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, heaped praises on His Highness Sheikh Mohamed …
UAE health experts urge COVID-19 caution ahead of Eid Al Adha
With Eid Al Adha just around the corner, health experts in the United Arab Emirates are urging the public to exercise caution and to comply with COVID-19 …
Reportage Properties sales surge 107% in first half as demand surges
The robust sales during the first half of this year reflected the high performance and the attractiveness of the company’s projects …
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Aldar Properties launches second phase of Al Gurm
Aldar Properties has announced the launch of the second phase of its Al Gurm development, a luxury secluded waterfront community on the South-West side of Abu Dhabi’s main island. In a statement, the …
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Four in 10 UAE consumers experienced online fraud attempts while confidence in digital payments booms: Visa-Dubai Police-DED survey
Consumers reported improved technology and safety measures helped them retain confidence in digital payments 75% drop in Cash on Delivery during pandemic as consumer trust in digital payments …
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To beat the heat, Sharjah Municipality provides hat with fans to its outdoor employees
The fans work continuously for 3 hours and can be recharged, and that the municipality will develop the hat to run on solar energy.
Abu Dhabi’s foodstuffs foreign trade is Dhs7.51b in five months
The value of Abu Dhabi’s foreign trade of foodstuffs amounted to Dhs7.51 billion during the first five months of 2021, reflecting Emirate’s maintain its commercial activity levels, …
Covid-19: 330 Filipinos, 37 pregnant women repatriated from Abu Dhabi
More than 330 stranded Filipino expatriates have been repatriated from Abu Dhabi on Monday. With an extension on the travel restrictions, the Philippines’ Department of Foreign Affairs is repatriating …
Abu Dhabi’s foodstuffs trade valued at $2bln in five months
Saudi Arabia maintained its position as Abu Dhabi’s largest strategic partner in the foodstuff trade sector …
UAE to launch its first digital currency by 2026
The United Arab Emirates will launch its first digital currency by 2026, the central bank of the oil-rich Gulf state, which serves as the region’s …
UAE says to launch digital currency within five years
Several central banks around the world have recently announced similar plans while criticising decentralised cryptocurrencies like bitcoin.
Branson’s success story to drive UAE to develop space tourism plans
Experts say Virgin Galactic’s successful flight to space will pave ways for the UAE to develop space tourism as a new business model …
State-of-the-art Vertical Farm launched in Dubai Industrial City
Vertical farming is booming in the UAE as the nation seeks to promote innovation-driven food security strategy, attracting and nurturing talent as well as …