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Month: September 2022

Posted on 16/09/2022

Dubai attorney general appeals decision not to extradite Briton to Denmark

Dubai’s attorney general has appealed a judge’s decision to reject the extradition of a British man to Denmark where he faces charges related to an alleged tax fraud scheme.

Posted on 16/09/2022

How passive optical network is paving the way to enhanced connectivity

Passive optical network (PON) utilises a single optical signal to support multiple users, cost effectively providing the highest speeds.. How passive optical network is paving the way to enhanced …

Posted on 16/09/2022

UAE-India gold trade loses glitter, with August imports by the South Asian country sees a sharp fall of 50 percent

A two and half percent duty hike on imports by the Indian government in July this year and softening of prices internationally are said to be the reason for the sharp decline in gold imports last …

Posted on 16/09/2022

Fighting online fraud holds the key to unlocking the UAE’s true digital economy potential

The importance of cybersecurity and data protection in the UAE has never been more crucial Fighting online fraud holds the key to unlocking the UAE’s true digital economy potential cyber attack, Cyber …

Posted on 16/09/2022

KPMG’s UAE partners call for suspension of Emirati leadership

A group of senior partners at KPMG’s Dubai business have called on the Big Four accounting firm’s global leadership to suspend bosses at its UAE division, …

Posted on 16/09/2022

Karak chai price hike in Dubai leaves customers distraught

The price for this drink, which is a simple concoction of milk, sugar, and a few spices, went up earlier this year Karak chai price hike in Dubai leaves customers distraught Abu Dhabi, beverages …

Posted on 16/09/2022

Abu Dhabi food giant Agthia sets half-yearly dividend at $17.8 million

The announcement comes on the back of a strong financial performance by the company in the Jan-June 2022 period, posting a 51 percent jump in its revenues to reach AED2 billion Abu Dhabi food giant …

Posted on 16/09/2022

Weekend road closures in Abu Dhabi announced

Heading to brunch or a family fun-filled weekend? Here’s everything you need to know about the weekend road closures in Abu Dhabi.

Posted on 16/09/2022

Abu Dhabi: Contractors in battle for prized Adnoc gas compression plant

Leading international and domestic contractors are competing for a prized onshore contract from Adnoc Gas Processing, a subsidiary of Abu Dhabi National Oil Company (Adnoc), for work on the Habshan …

Posted on 16/09/2022

Toto Wolff cools idea that 2022 Abu Dhabi win would be ‘poetic justice’

Mercedes simply want a victory anywhere this season, Abu Dhabi not being a particular target according to Toto Wolff.

Posted on 16/09/2022

UAE: Resident ordered to pay Dh25,000 after defrauding man, promising scholarship for his daughter

An Abu Dhabi resident, who took Dh25,000 from a father after promising to obtain a scholarship for his daughter to study at a university in the UAE for free, which never happened, has been ordered to …

Posted on 16/09/2022

Dubai’s Salik ups IPO size to 24.9 percent on strong investor demand

The offering is being increased from the initial 1.5 billion shares or 20 percent of the share capital, to 1.87 billion shares or 24.9 percent Dubai’s Salik ups IPO size to 24.9 percent on strong …
( read original story …)


Posted on 16/09/2022

Salik IPO: Dubai toll operator set to raise more than $1bn after boosting offering size

The emirate is boosting the size of the stake it is selling in toll operator Salik. AP . Dubai’s government aims to raise Dh3.735 billi …
( read original story …)


Posted on 16/09/2022

Dubai Increases Salik IPO Size to $1 Billion on Strong Demand

Dubai boosted the size of its road-toll operator’s initial public offering by 25% to $1 billion on stronger-than-expected demand, underscoring continued interest in Middle Eastern listings despite …
( read original story …)


Posted on 16/09/2022

London hedge fund trader hiding in Dubai told to pay staggering £1.1bn to Danish taxman

A British hedge fund manager and financier was slapped with a tax bill of more than £1bn this morning. The man, accused by Denmark of masterminding a …
( read original story …)


Posted on 16/09/2022

A new SHEIN pop-up is coming to Dubai offering customers discounts up to 25 per cent

The global fashion powerhouse is launching its physical pop-up, and you know it’ll be packing your favorite trends and styles. So, get ready!

Posted on 16/09/2022

Apple super fans queue to scoop up first iPhone 14s at Dubai Mall

Antonie Robertson The first purchases of the new iPhone 14 at the Apple Store in Dubai Mall. Antonie Robertson/The National . Some queued through the night, others slept in the …

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