Prosecutors also claimed Amanat defrauded investors in a hedge fund, Maiden Capital LLC, that invested in KIT and Enable. The goal, to prop up Enable, didn’t work out. The Dubai-based fund collapsed, as did Maiden Capital. KIT filed for bankruptcy in 2013.
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Alarming increase in Ethiopian suicide cases in UAE
Ethiopian Consul-General to the UAE, Yibeltal Aemero Alemu, told Gulf News that the number of suicides in 2017 increased to 10 from two recorded in 2016. The figures in 2016 and 2017 do not include Al Ain and Abu Dhabi. There are around 200,000 Ethiopians …
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Dubai Youth Council and DEWA launch volunteering initiative to clean solar panels on rooftops in Hatta
The Dubai Youth Council, with the support and sponsorship of Dubai Electricity and Water Authority, has launched a youth volunteer initiative to clean solar panels on the rooftops of houses in Hatta. The effort supports the ‘Day for Dubai’ initiative …
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Qatar complains to UNSC after UAE violates airspace
Qatar has complained to the UN Security Council after the United Arab Emirates violated its airspace. In a letter to the secretary-general of the United Nations, the Qatari delegation said a UAE fighter jet entering Qatar’s airspace was a flagrant …
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UAE’s Fun Robotics Wants To Help Build The Region’s Next Generation Innovators
Related: Beyond Robots: Reimagining Artificial Intelligence Be it a result of the oil slump or a sign of times, there is an increased emphasis on creating a robust technology ecosystem in the region with the UAE leading the charge. The government agencies …
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UAE Ministry of Finance Clarifies Details Surrounding Designated Zones
The Ministry of Finance has clarified the details of Cabinet Decision No. (59) of 2017 on Designated Zones for the purposes of the Federal Decree-Law No. (8) of 2017 on Value Added Tax, explaining that Designated Zones are the areas that meet the …
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2018 will be the year oil markets become balanced, UAE oil minister says
Oil markets still have not completely balanced supply against demand yet but 2018 will be the year when they achieve this, United Arab Emirates’ (UAE) energy and industry minister said Thursday. Speaking to CNBC at the 9th Gulf Intelligence UAE Energy …
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REPORT: Hong Kong, London, and New York have been shortlisted for Saudi Aramco’s $2 trillion IPO
The shortlist means Tokyo, Singapore and Toronto are no longer in the running for what is likely to be the world’s biggest IPO. DUBAI/LONDON (Reuters) – Saudi Arabia has shortlisted New York, London and Hong Kong – singly or in a combination of two or even …
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Man jailed in Dubai over angry WhatsApp message to dodgy car dealer
A BRIT working in Dubai was jailed there for moaning on WhatsApp about a second-hand car. Estate agent Yaseen Killick, 29, paid £6,000 ($AU10,000) for the VW Golf only for it to break down within hours, The Sun reports. He then discovered it was …
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Dubai’s Union Properties buys stake in Egyptian developer
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UAE says demand for .ae domain name exceeds targets in 2017
“The UAE e-presence online is an important indicator of the business sector confidence in the ability and credibility of the national domain among the targeted audience in the country.” Al Mesmar added: “The national domain enhances the investment …
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Top Indian scientist to join UAE space mission
Speaking to Gulf News later, Consul General of India in Dubai, Vipul, confirmed that the top space scientist in question is K. Radhakrishnan, who retired as chairman of the Indian space agency in 2014. Ranked among the world’s top 10 scientists in 2014 …
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Skype unblocked in UAE? What you should know
… successfully able to make calls from his Dubai phone to another Dubai phone, both on mobile data, another journalist was able make calls to India from his mobile phone while on WiFi connection. A third journalist was able to make a call to Australia …
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Yahsat, Tanaza partner to broaden WiFi service
UAE-based satellite operator Yahsat has partnered with Italian WiFi cloud management software provider Tanaza to leverage a WiFi management platform and expand service delivery, specifically access to WiFi hotspots. The two companies have committed to a …
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Yahsat and Tanaza Partner to Increase the number of Public WiFi Hotspots Globally
Yahsat, the UAE based satellite operator, announced today the signature of a Memorandum of Understanding (MoU) with Tanaza, the Italian Wi-Fi cloud management software provider. Under the terms of the MoU, Tanaza will provide Yahsat with a web platform to …
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Yep, Skype’s blocked in the UAE, what now?
In an earlier statement, UAE’s Telecommunications Regulatory Authority (TRA … If you subscribe to this service from your home’s Wi-Fi account, be it Etisalat’s eLife or du’s home services, note that all devices connected to the home Wi-Fi …
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ZAKK Air specialised headset for athletes launched in UAE
Designed by athletes, the most technically advanced wireless headset brings superior sound with secure and comfortable fit for all active lifestyles With a life of up to five hours, the ZAKK Air user can even run a marathon listening to music DUBAI …
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