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Month: May 2024

Posted on 02/05/2024

Five trends UAE fintech can leverage to stay competitive

With its developed entrepreneurial culture, investment openness, and large-scale support from the government, the UAE is increasingly turning into a new regional and global fintech hub. The local …

Posted on 02/05/2024

100 Hands Debuts at Springs Souk Mall, Dubai: A New Chapter in Luxury Menswear with KING’S as Exclusive Partner

( MENAFN – Yardstick Marketing Management) 30th April 2024, Dubai, United Arab Emirates: 100 Hands, a renowned name in luxury menswear fashion, announces its official launch at Springs Souk Mall in …

Posted on 02/05/2024

Dubai Flooding: Luxury Cars Submerged, Residents Innovate

Dubai presents a daunting challenge for insurance companies as they grapple with the aftermath of extensive flooding, requiring them to cover exorbitant costs. The inundation has left luxury vehicles, …

Posted on 02/05/2024

UAE: DEWA urges customers to undertake necessary measures to maintain electricity and water supplies during the rain

Dubai Electricity and Water Authority (DEWA) has called on customers to undertake necessary measures during the rain to avoid any internal interruptions and ensure the safety and continuity of …

Posted on 02/05/2024

Dubai Aerospace Enterprise revenue grows by 9% to $343.6 million in Q1, 2024

Ltd announced a 9% increase in its total revenue to $343.6 million during the first quarter of the current year compared to the same period of 2023.The financial results for the three months ended on …

Posted on 02/05/2024

US sanctions Chinese, UAE firms for aiding Moscow’s war; US bans import of Russian enriched uranium

The US on Wednesday announced sanctions on nearly 300 companies and individuals, including in China and the United Arab Emirates, for alleged support of Russia’s invasion of Ukraine.

Posted on 02/05/2024

Ukraine Business Roundup — No more border blockades, for now

Polish farmers finally ended their protests at the Hrebenne-Rava-Ruska border crossing on April 29, effectively lifting a blockade that had gone on for months, damaged Polish-Ukrainian relations, and …

Posted on 02/05/2024

Opinion: How the UAE’s mafia-style tactics are hurting both Sudans

The UAE has signed agreements with Sudan and South Sudan, strangling the two countries economically and politically, while openly supporting the Rapid Support Forces (RSF).

Posted on 02/05/2024

Dubai seeks faster travel at new terminal in Al Maktoum Airport with emerging technology

Cutting-edge aviation technology from AI to electric aircraft will help to reimagine passengers’ journeys through Dubai’s new $35bn passenger terminal at Al Maktoum International Airport. A “massive …

Posted on 02/05/2024

Australia grants feasibility licences for offshore wind farms

Australia on Wednesday gave the go-ahead for six projects to study the feasibility of building wind farms in waters off its southern coast as it looks to ramp up renewable energy to meet its net zero …

Posted on 02/05/2024

UAE: Ports, customs, and free zone corporation implements precautionary measures to tackle potential impact of weather conditions

In light of the expected weather conditions in Dubai, the Ports, Customs, and Free Zone Corporation (PCFC) announced it has temporarily suspended accepting requests for the entry and departure of …

Posted on 02/05/2024

Abu Dhabi International Book Fair 2024 introduces digital payment system for book sales

In line with the UAE’s ambitious vision for digital transformation and its commitment to utilising the latest software, technologies, and artificial intelligence, organisers of the 33rd Abu Dhabi …

Posted on 02/05/2024

UAE Snubs London’s Lord Mayor as Row Over Sudan Role Deepens

The UAE has canceled meetings with London’s Lord Mayor and other British officials as a dispute deepened over the Persian Gulf nation’s alleged role in the civil war ravaging Sudan.

Posted on 02/05/2024

UAE President mourns passing of Sheikh Tahnoun bin Mohamed Al Nahyan, 7-day mourning declared

UAE President Sheikh Mohamed bin Zayed Al Nahyan has mourned Sheikh Tahnoun bin Mohammed Al Nahyan, Abu Dhabi Ruler’s Representative in Al Ain Region, who passed away on Wednesday. The Presidential Court declared official mourning with flags flown at half-mast for a period of seven days starting from Wednesday, May 1.

Posted on 02/05/2024

Dubai is the Top Destination for Holiday Homes with the New Unified GCC Tourist Visa

With the introduction of the unified tourist visa by the Gulf Cooperation Council (GCC), Dubai is set to enhance its status as a premier destination for holiday homes and short-term rentals. The visa, …

Posted on 02/05/2024

Fils partners with TPS to drive sustainability and climate action in Pakistan’s digital banking sector

Fils’s impressive roster of top-tier partners includes notable names such as Mashreq Bank, Telr, Geidea, Aion and e& Enterprise … Fils is a groundbreaking fintech enterprise dedicated to embedding …

Posted on 02/05/2024

Who Is Binance’s New CEO Richard Teng And Can He Fill CZ’s Shoes?

The crypto world was rocked when Changpeng Zhao, the enigmatic founder and CEO of Binance (CRYPTO: BNB), the world’s largest cryptocurrency exchange, was sentenced to four months in prison for his rol …

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