DUBAI, June 1 (Reuters) – Saudi Arabian water and power utility … Depending on the success of the deals, Marafiq might then proceed with a public share sale, they said. The IPO, which could be in 2019, could raise around 1 billion riyals ($267 million …
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Robocop joins Dubai police to fight real life crime
If the “Robocop” experiment is successful, Dubai Police says it wants the unarmed robots to make up 25 percent of its patrolling force by 2030. Clad in the colors of the Dubai Police uniform, the life-size robot, which can shake hands and perform a …
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Canadian Solar to Supply 268MW Modules to Dubai Solar Park
Canadian Solar Inc.CSIQ recently secured a module supply order from the Dubai Water and Electricity Authority (DEWA). Per the terms, the company will be the sole supplier of double-glass modules for completing the first phase of the Mohammed bin Rashid Al …
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Bluetooth 5 sets stage for future of wireless technology
Dubai: Bluetooth, a wireless technology standard for exchanging data over short distances, has improved with the 5.0 version and has set the stage for the future by enabling simple and effortless interactions across the vast range of connected devices.
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UAE climbs global competitiveness ranking
This continues to drive the economy and the improvement in government and business efficiency.” The UAE also scored another Arab world’s first. In a separate IMD report ranking countries’ digital competitiveness, the UAE has drastically improved its …
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Dubai’s agenda to be capital of Islamic economy gains pace
… noted that Dubai and the UAE are instrumental in raising awareness about the culture of Islamic economy worldwide and boosting global interest in adopting its principles. “Today, non-Muslim countries view Islamic finance, halal lifestyle and Shariah …
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Abu Dhabi residents to pay more for taxis from Thursday
Abu Dhabi: Travelling by taxi is going to cost more in the capital … and commuters who are forced to use taxis to get to and from work told Gulf News this will greatly impact their budgets. “I pay around Dh7.5 to get from my office in Al Markaziya …
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Dubai Smart City Accelerator aims to work with 40 start-ups
launched Dubai Smart City Accelerator at Dubai Technology Entrepreneur Centre (Dtec) on Wednesday. The Dubai Smart City Accelerator, which is the first of its kind in the Mena region, was set-up with Dh18.4 million investment from six strategic partners …
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UAE among top ten most competitive countries in the world
This continues to drive the economy and the improvement in government and business efficiency,” said Professor Arturo Bris, director of the IMD World Competitiveness Centre. In the region, the UAE continued to lead with the highest competitiveness score …
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Abu Dhabi index leads regional losses on selling in banks
Dubai: The Abu Dhabi index fell more than 1.5 per cent weighed by selling in First Abu Dhabi Bank and Aldar Properties. The Abu Dhabi Securities Exchange closed 1.65 per cent lower at 4,427.30. First Abu Dhabi Bank closed 3.65 per cent lower at Dh10.55 …
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Dubai property marketing permit procedures must be followed
I have a question with regards to the new law recently introduced, mandating that real estate brokers must now obtain a permit prior to advertising any property for rent or sale. Furthermore, my understanding is that the broker must submit a copy of the …
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ADX hosts six AGMs using blockchain technology
Dubai: The Abu Dhabi Securities Exchange (ADX) recently held annual general meetings (AGMs) for six listed companies (two private joint stock companies and four public joint stock companies) using Blockchain technology. The move enhanced transparency and …
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UAE-backed forces gain control over Aden airport
SANAA, Yemen – Yemeni security officials say that forces backed by the United Arab Emirates have taken over the airport in the southern city of Aden, further fueling tension between internationally recognized President Abed Rabbo Mansour Hadi and the UAE.
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Canadian Solar to supply panels for Dubai project
More than 800,000 solar panels will be needed to complete the first wave of the Masdar-led project to build the third phase of the Mohammed bin Rashid Al Maktoum solar park in Dubai. Canadian Solar this month began production and shipping of the 22,000 …
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UAE banking sector crisis: 3,000 jobs cut
*UAE banks counting the cost of weakening economy and competitive market The banking sector in the country has been in a state of upheaval over the past 12 months after 3,000 jobs were slashed in the UAE’s two main cities, Abu Dhabi and Dubai.
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Dubai unveils strategy to fight cyber threats
Dubai: The Dubai Cyber Security Strategy was launched on Wednesday to strengthen Dubai’s position as a world leader in innovation, safety and security and manage cyber security risks among establishments and residents in Dubai. The strategy was launched …
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57% of UAE residents expect spending hike during Ramadan
Dubai: Despite assurances that retailers will slash the prices for basic essentials during Ramadan, the majority of residents in the UAE are still anticipating an increase in household spending throughout the fasting period, a new survey suggests …
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