Quality Industrial Corp. (OTCQB:QIND), today announced that on August 3, 2022, they issued a two-year convertible promissory note in the principal amount of $1,100,000 to RB Capital Partners Inc. The …
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UAE: More residents opening digital bank account, says report
Neobanking adoption is set to grow in the UAE with more than one-third of residents having a digital bank account in 2023, says a new study. The number of adults in the UAE with a neobank account grew …
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Most expensive party anthem Casanova with $6.8 million investment hits #1 on music charts worldwide
The biggest and most expensive party track ever produced and launched at $6.8 million is taking the world by storm. Rocky Khan launched the foot-tapping party anthem CASANOVA amidst much fanfare and …
PwC launches UAE cryptocurrency report, identifies three-stage facilitative model for regulation
PwC Middle East launched a new report titled, ‘The UAE Virtual Assets Market’ which provides insight on cryptocurrencies and virtual assets in the UAE. The report also identifies a three-stage …
Four-day workweek in Sharjah: Traffic accidents down 40%, employees’ productivity increases
As the rest of the UAE transitioned into a 4.5-day workweek at the beginning of the year, Sharjah adopted a three-day weekend of Friday, Saturday and Sunday for government staff. A study presented …
Abu Dhabi: Now obtain refund on fines from health insurance company
Individually-sponsored persons who paid fines between October 24, 2021, and November 11, 2021, may obtain a refund of the paid fines from their health insurance company, Department of Health – Abu …
How Abu Dhabi’s shipbuilding firm has grown over the years
From designing to building new naval and commercial vessels, Abu Dhabi Ship Building (ADSB) has turned out to be the regional leader in manufacturing boats. The UAE shipbuilding firm designs, builds …
Dubai’s biggest bank gives staff a pay rise for inflation – sources
Dubai’s biggest bank Emirates NBD has given most employees a pay rise of up to 8% to help cushion against rising costs of living driven by inflation, two sources familiar with the matter said.
Dubai beats US cities as prime property prices rise by 4.7 percent: report
The top three cities include Miami, Los Angeles and San Francisco. There is also a “growing trend” in the emirate as residents extend their plans to make Dubai their primary home Dubai beats US cities …
Passenger caught smuggling 3.7 kilograms of marijuana through Dubai International Airport
The drugs were disguised as auto spare parts, state news agency Wam has reported, but they were immediately discovered through the airport’s x-ray machines Passenger caught smuggling 3.7 kilograms of …
Web3 leader BEDU aligns its expansion plans with the Dubai Metaverse strategy
Digital pioneer to create new jobs adding consultancy and advisory services for Web3 and Metaverse projects, and a range of other offerings that will support public and private sector entities in the …
Dubai visitor arrivals soar
Dubai attracted 7.12 million international overnight visitors in the first half of 2022, with growth almost double compared to the same period in 2021. Average hotel occupancy rates were among the …
UAE AgriTech start-up Produze raises $2.6m in funding round
The funding round was led by California-based private equity company Accel, which is best known for being among the first investors in social media platform Facebook and music streaming service …
British software developer Godel Technologies joins UAE’s NextGenFDI programme
The software company will move its regional headquarter to DIFC and create 250 jobs after embracing UAE Ministry of Economy’s initiative to attract FDI and talent British software developer Godel …
Godel Technologies becomes next digitally enabled company to join NextGenFDI
The UAE continues to enhance its attractiveness as an FDI and talent destination. The initiative supports its vision to build a national economy based …
Dubai: Passenger caught attempting to smuggle 3.7kg of marijuana inside vehicle spare parts
Dubai Customs inspection officers at Dubai International Airport terminal 1 have seized 3.7kg of marijuana. An inbound African passenger arriving from an African country was attempting to smuggle in …
Abu Dhabi-based IHC posts 121 percent jump in revenue to AED 21.93 billion in Jan-June 2022
The conglomerate’s net profit during the period rose 137 percent to AED 10.35 billion, compared to the first half of 2021 Abu Dhabi-based IHC posts 121 percent jump in revenue to AED 21.93 billion in …