Deal includes $3 billion for Patriot missiles for Riyadh, designed specifically to protect against rocket attacks by Houthis in Yemen, and $2.2 billion for UAE missile defense …
UAE’s Coral Energy becomes Pakistan’s top fuel oil supplier – data
Dubai-based trader Coral Energy has become the top fuel oil supplier to Pakistan in recent months after winning a slew of import tenders floated by state-run Pakistan State Oil (PSO), data compiled by …
Mali to Dubai: artery for West Africa’s booming illegal gold trade
West Africa’s lucrative gold trade has a costly dark side. Discrepancies in data on gold production and trade between Mali and Dubai in the United Arab Emirates (UAE) expose a massive illegal business …
Indian expat from Bangalore wins 1kg of gold in Dubai
Two more Indian nationals and a Filipina win Dh100,000 each in the weekly Mahzooz draw Dubai: An Indian national from Bangalore has won 1kg of gold during the Golden Summer promotion draw by Mahzooz.
Dubai’s ‘Bulgari mansion’ sold at $14 million as luxury real estate gains traction
The mansion was sold at AED7,775 per square feet, making it the most expensive four-bed mansion on the island Dubai’s ‘Bulgari mansion’ sold at $14 million as luxury real estate gains traction Bulgari …
Dubai summit to focus on green economy transition
The Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organisation (WGEO) are organising the summit on September 28 and 29 under the patronage of His Highness Sheikh Mohammed …
Dubai real estate market records over $4.4 million on Tuesday
Tuesday’s transactions included 396 sales deals worth AED 845.37 million, 110 mortgage deals of AED376.93 million and 11 gift deals amounting to AED96.55 million, according to Dubai’s Land Department …
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Dubai real estate deals hit $230m on Tuesday
Dubai real estate market recorded 396 sales transactions worth AED845.37 million ($230.15 million), in addition to 110 mortgage deals of AED376.93 million, and 11 gift deals amounting to AED96.55 …
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TECOM Group’s half-year profit up 43 percent after Dubai IPO
The company, which was recently listed on the Dubai Financial Market (DFM), saw a double-digit growth in revenue TECOM Group’s half-year profit up 43 percent after Dubai IPO Dubai, financial results, …
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UAE: How residents can protect their bank details, personal info on public Wi-Fi
First Abu Dhabi Bank, the UAE’s largest bank, has sent out an advisory to its customers, advising them to be very cautious when using open Wi-Fi and also be aware of fake Wi-Fi hotspots that can …
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Abu Dhabi research team develop new methodology to predict spread of epidemics
A research team consisting of the Emirates Centre for Mobility Research at UAE University, the Department of Health and the Abu Dhabi Public Health Centre devised a new mathematical methodology to …
Dubai launches integrated digital experience to obtain driver’s license
RTA announced an array of initiatives in support of the digitisation of vehicle registration services, including a first-of-a-kind mobile eyesight testing service in the region.. Dubai launches …
Consumer financing portal Tabby raises $250m in debt finance – biggest such for a fintech in GCC
Tabby raises $250m in debt from US entities citing market conditions Dubai: The Gulf’s ‘Buy Now Pay Later’ fintech Tabby has secured $150 million in debt finance from Atalaya Capital Management and …
July brings cheer for UAE businesses from higher orders, and they are also hiring: S&P Global
Even on the inflation front, July brought in better tidings, as the rate of cost increases ‘softened’, according to the latest PMI data from S&P Global. “The current run of output expansion is now …
Dubai’s ‘smart police stations’ records over 45,000 transactions in first half of 2022
The Dubai Police recorded 48,462 transactions processed through Smart Police Stations (SPS) during the first half of 2022, the force announced in a statement. Smart police stations are located across …
Tecom Group Q2 profit up 54% on Dubai’s economic growth
Profit for the three months ended June rose to Dh237 million ($64.5m), compared with Dh153.9m during the same period last year, Tecom said in a statement on Wednesday to the Dubai Financial Market …
Dubai Buy Now, Pay Later Firm Tabby Gets $150 Million Financing
Sign up for our Middle East newsletter and follow us @middleeast for news on the region.Most Read from BloombergThis Is How China Could Hit Back Over Pelosi’s Taiwan VisitPelosi Poised to Land in …
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