ABU DHABI: The UAE has made great strides over the past few years and is leading the region’s drive towards renewable energy, particularly in the solar sector, according to a report by a leading Arab energy corporation. ”The development of the renewable …
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Blockchain is technology no one should ignore
The UAE’s embrace of technology and the digital transformation is changing the country in ways few could have imagined just a few years ago. Chief among these technologies is blockchain. While a few people may associate the technology with the hyper …
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VAT Impact Will Attract Global Players To Dubai Real Estate Market
The introduction of Value Added Tax in the UAE from next month will provide major new incentives for institutional investors to enter the Dubai real estate market, according to the head of one of the country’s largest brokerages. Firas Al Msaddi, CEO of …
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70% of Dubai start-ups employ cloud computing
As we transition to a more technology-focused world, all sectors of the UAE’s economic landscape are working relentlessly to forge a digital transformation.” The report was launched on Monday at a joint press conference held at Dubai Technology …
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UAE’s MMEs focus on sustainable business practices
Dubai: Nearly half (44 per cent) of mid-market enterprises (MMEs) in the UAE, see a direct connection between sustainable business practices and commercial success, according to data from HSBC Commercial Banking. Many MMEs report that their customers are a …
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Dubai Safari remains closed for 2nd day
Dubai: The UAE’s unstable weather has caused Dubai Safari Park to remain closed for a second day in a row. Organisers of the safari park told Gulf News on Monday that, “it will remain closed until further notice.” Dubai Municipality announced the …
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Milestones in UAE’s Year of Giving
Dubai: When 2017 was announced as the Year of Giving, the UAE and its people quickly and devotedly responded. Public and private institutions as well as individuals and groups came forward to contribute to the noble cause by launching numerous initiatives …
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Aldar starts delivery of prime Abu Dhabi properties
Aldar Properties, a leading property development company in Abu Dhabi, UAE, said it has started a phased handover of residential units at its Ansam and Al Hadeel properties to home owners and investors following the completion of its construction work.
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VAT impact will attract global players to Dubai real estate market – Al Msaddi
The introduction of Value Added Tax in the UAE from next month will provide major new incentives for institutional investors to enter the Dubai real estate market, according to the head of one of the country’s largest brokerages. Firas Al Msaddi, CEO of …
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Virgin Mobile UAE auctions premium mobile plans from AED9k
Virgin Mobile UAE, the recently launched digital mobile brand of Emirates Integrated Telecommunications Company (EITC), has announced it will be auctioning 40 premium mobile plans for the first time. Exclusively available via the auction app, Online …
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Qatar sovereign fund backs LSE chairman in activist stand-off-source
DUBAI (Reuters) – Qatar’s sovereign wealth fund has thrown … a source familiar with the matter said on Tuesday. British hedge fund firm TCI Fund Management, a 5 percent shareholder in LSE, is pushing to oust Chairman Donald Brydon over his handling …
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UAE developer says investors can buy homes with digital currency
MAG Lifestyle Development, part of the UAE-based MAG Group, has announced that it will offer customers the opportunity to purchase properties using OneGram, the first Sharia-compliant crypto-currency. The developer said the move will provide property …
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Omniyat secures bank funding for new Dh1.3bn Dubai mixed-use scheme
Omniyat, a private real estate developer in the UAE, has secured Dh500 million of bank financing over five years to build a Dh1.34bn mixed-use scheme in Dubai’s Business Bay. “Construction on site has already begun and we are preparing to announce the …
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Dubai Sets Its Sights On Becoming The World’s First Blockchain-Powered Government
Earlier this month, the UAE’s central bank announced it was undertaking a joint project with the Saudi Arabian Monetary Authority to use blockchain technology to issue a digital currency accepted in cross-border transactions between the two countries.
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Gulf Bank Wins ‘Credit Risk Technology Implementation of the Year in the Middle East and Africa’ from the Asian Banker
… Bank received the award at a ceremony following the ‘MENA Risk and Transaction Banking Dialogue 2017’, held earlier this month, at the Conrad Hotel in Dubai. The Asian Banker is one of Asia’s leading consulting companies in financial services …
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UAE essential to One Belt One Road, says Bank of China GM
Khalifa Industrial Zone Abu Dhabi (KIZAD) has announced the signing of a Memorandum of Understanding (MOU) with Bank of China Ltd. – Abu Dhabi to mutually promote their services for the benefit of both entities’ customers in the UAE and abroad.
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$54,000: the cost of insuring a McLaren supercar in the UAE
Richards said yallacompare’s banking comparison business also thrived this year, serving well over 2 million individuals in the UAE alone, and processing over 61,000 banking applications.
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