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Month: June 2024

Posted on 21/06/2024

Fintech Brex abandons co-CEO model, talks IPO, cash burn and plans for a secondary sale

Pedro Franceschi will serve as sole CEO of fintech Brex while Henrique Dubugras becomes chairman of the board.

Posted on 21/06/2024

UAE fintech GTN, Revolut deal will enable bond trading via super-app

The UAE fintech GTN has partnered with global financial firm Revolut to launch bond trading for customers in the European Economic Area (EEA) through the latter company’s super-app.

Posted on 21/06/2024

UAE fintech GTN, Revolut deal will enable bond trading via super-app

The UAE fintech GTN has partnered with global financial firm Revolut to launch bond trading for customers in the European Economic Area (EEA) through the latter company’s super-app.

Posted on 21/06/2024

A Middle East Dealmaker Fights for Credibility in Silicon Valley

In March, a group of VIPs piled into Qasr Al Sarab, a luxury resort two hours’ drive from Abu Dhabi, for an invite-only event co-hosted by Mubadala Investment Co., a $300 billion sovereign wealth fund …

Posted on 21/06/2024

Breaking: Binance finalizes Tether (USDT) integration on Toncoin (TON) network

Binance exchange made a crucial announcement about Tether and Telegram-based crypto project Toncoin (TON).The trading platform announced the completion of USDT integration into the Toncoin platform …

Posted on 21/06/2024

UAE temperature hits 49.9°C, highest so far this summer

The UAE has recorded the highest temperature of the summer season so far. At 3:15pm on Friday, a temperature of 49.9 °C was recorded in Mezaira (Al Dhafra region), the National Centre of Meteorology …

Posted on 21/06/2024

UAE: Dubai Police confiscates 4,474 scooters, bicycles in first half of 2024

In the first half of 2024, accidents involving e-scooters, bicycles, and electric bikes resulted in four fatalities, one severe injury, 19 moderate injuries, and five minor injuries. 7804 violations …

Posted on 21/06/2024

1,500 new food establishments opened in Dubai in first five months of 2024

Image used for illustrative purpose only. Image Credit: Robin Stickel/Pexels.com Dubai: As many as 1,500 new food establishments opened in Dubai since the beginning of this year until the end of May, …

Posted on 21/06/2024

Dubai real estate investors braced for record $33bn summer spending spree: analyst

Dubai real estate investors will spend record amounts on property this summer, according to W Capital forecasts …

Posted on 21/06/2024

UAE issues new telemarketing rules, heavy penalties

The UAE has introduced new rules regulating marketing through phone calls, and stringent penalties ranging from AED75,000 ($20,419) to AED150,000 ($40,838) for violations. The Ministry of Economy and …

Posted on 21/06/2024

Quick Touch Technology’s Board Approves Purchase of Dubai Firm – Check Details Here

Grenew DMCC deals in used electrical and electronic appliances and has a network in the US, UK, Africa, Hong Kong and Middle East countries.

Posted on 21/06/2024

Virtuzone founder: “We’re setting up about 500 companies a month in the UAE”

Neil Petch is the founder and chairman of a company that many entrepreneurs in the UAE will be familiar with: Virtuzone. After seeing a gap in the market more than 15 years ago, Petch and his …

Posted on 21/06/2024

Vivek Gahlaut: An Ideal Businessman Makes Waves in Dubai’s Business Industry

Vivek Gahlaut, a renowned business figure, is the co-founder of Terra Firma Commodities in Dubai, UAE. Vivek Gahlaut Dubai has worked with different ventures and with more than twenty years of …

Posted on 21/06/2024

BitOasis expands in Bahrain after Dubai authorities lift suspension

The Bahrain arm of BitOasis will house a small team as it works to launch a new platform in the Kingdom during the second half of 2024 …

Posted on 21/06/2024

CBUAE projects UAE’s real GDP growth to reach 6.2% in 2025

In Q4-2023, the UAE economy expanded 4.3% YoY, above the 2.5% growth registered in Q3-2023 Indicators point towards robust economic activity within the non-oil private sectors, the CBUAE said. Image …

Posted on 21/06/2024

Dubai’s viral crunchy pistachio Kunafa chocolate bar is mouth-wateringly good

While it may have orignated in the Emirati country, it hasn’t stopped people from salivating after the chocolate bar and creators from recreating it on online.

Posted on 21/06/2024

Dubai’s new Dh288-million water reservoir now connected to Dewa network

A new reservoir with a storage capacity of 120 million imperial gallons (MIG) has been connected to Dubai’s water network, it was announced on Friday. Located in Enkhali area and built at a cost of …

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