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Month: November 2023

Posted on 20/11/2023

COP28 in UAE: How banks are spearheading sustainability drive with $51 billion in green financing

Apart from financing, banks have been adopting innovative technologies and embracing digitisation to reduce their carbon footprints …

Posted on 20/11/2023

UAE: Al Ansari Digital Pay receives regulatory in principle approval to launch digital wallet

Al Ansari Digital Pay, a subsidiary of Al Ansari Financial Services PJSC has received the initial approval of a store value facilities and retail payment s..

Posted on 20/11/2023

United Arab Emirates Prepaid Card and Digital Wallet Business Report 2023-2027 – Firms are Forging Strategic Alliances to Launch Crypto Prepaid Cards

The “United Arab Emirates Prepaid Card and Digital Wallet Business and Investment Opportunities Databook – Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend – Q2 2023 Update” …

Posted on 20/11/2023

Sharjah beat Sai, lead its group in Asian handball tournament

The Sharjah men’s handball team achieved its third successive victory in the 26th Asian Champions League Club Championship, after defeating the Indian Sai team 51-20, in the meeting that brought the …

Posted on 20/11/2023

Arijit Singh Sings Unreleased Song ‘In Raahon Mein’ From The Archies At Abu Dhabi Concert; Watch

Arijit Singh wowed audiences at his recent concert in Abu Dhabi by singing an unreleased song from the upcoming film ‘The Archies’.

Posted on 20/11/2023

Food and climate resilience to be key focus of Cop28 agenda, UAE’s Mariam Al Mheiri says

Growing sustainable food to tackle the climate crisis will top the agenda at the Cop28 summit, the UAE’s Minister of Climate Change and Environment has said. The first day of the global UN conference, …

Posted on 20/11/2023

Most Gulf markets fall, Dubai gains

Most stock markets in the Gulf dropped on Monday as investors remained cautious ahead of the release of minutes from the U.S. Federal Reserve’s latest meeting.

Posted on 20/11/2023

Dubai launches $136M venture capital fund to invest in tech startups

The Dubai Integrated Economic Zones Authority (DIEZ) has announced the launch of a venture capital (VC) fund worth US$136 million to invest in tech startups. Other than funding startups, the fund will …

Posted on 20/11/2023

Dubai-Sharjah road speed limit change: ‘I forgot I had to drive 20kmph slower’

Some of the frequent Sharjah-Dubai motorists forgot that the speed limit on the ever-busy Al Ittihad Road has been revised …

Posted on 20/11/2023

At Dubai Airshow, Emirati defense conglomerate EDGE does nearly $2B in deals

The lion’s share of the total dollar figure is due to a $1.1 billion (4.1 billion AED) arrangement EDGE signed with the UAE Ministry of Defense for aircraft munitions.

Posted on 20/11/2023

‘A life less ordinary’: Irish entrepreneur Ben Dunne who died in Dubai

Ben Dunne, an Irish entrepreneur who died in Dubai over the weekend age 74, was often embroiled in controversy, leading Taoiseach Leo Varadkar to describe him as a “larger than life” figure who led “a …

Posted on 20/11/2023

Dubai’s virtual asset space gains a new titan: GCEX granted operational VASP licence by VARA

GCEX is now poised to commence market operations as a Virtual Asset Service Provider (VASP) in the Emirate of Dubai. This development is set to benefit brokers, hedge funds, family offices, and …

Posted on 20/11/2023

Land-sale deal of over AED 300mln in Dubai’s Jumeirah Golf Estates reaffirms growing popularity of golf course communities

Jumeirah Golf Estates, which has seen an influx of buyer interest lately, was the site of one of the biggest transactions in Dubai’s golf course communities – a land deal worth a record AED 300+ …

Posted on 20/11/2023

Nokia to deploy 5G OpenRAN gear for NTT Docomo

Nokia: The vendor claims that its “low-power, energy-efficient” AirScale portfolio will also help Docomo drive significant sustainability benefits as well as a lower total cost of ownership.

Posted on 20/11/2023

Nakheel, etisalat by e& ink MoU, here’s how it will help new and old residents

Nakheel residents can be connected with the telecoms provider to enjoy a seamless digital experience with a simple click of a button …

Posted on 20/11/2023

Utico teams up with Yellow Door Energy for UAQ solar plant

UAE’s only private utility provider Utico has joined forces with top sustainable energy developer Yellow Door Energy (YDE) to build a first-of-its-kind solar plant in the northern emirate of Umm Al …

Posted on 20/11/2023

Abu Dhabi Exports Office aims to raise funding to over $816mln by end of 2023: Al Suwaidi

In his statements to the Emirates News Agency (WAM), Al Suwaidi said that for the next phase, ADEX intends to finance Emirati manufacturers to increase access to foreign markets for their products, which will help enhance their stature and presence in international markets, especially those where local sources are not present.

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