The UAE e-commerce sector is expected to capture a bigger share of the card payment transaction values in 2020 than was predicted before the pandemic — up from 19.7 per cent to 21.9 per cent. Going …
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Ripple opens regional office in Dubai following volatile Q3 for XRP
XRP’s volatility saw new yearly highs over Q3 as Ripple announced it would be opening a regional headquarters in one of Dubai’s free-trade zones.
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Abu Dhabi Wealth Fund Culls Japan Team, Seeking New Growth Focus
The Abu Dhabi Investment Authority has reconfigured the way it invests in Japanese stocks, part of a wider shift by the world’s third-largest sovereign wealth fund to focus on areas with more growth …
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UAE, Bahrain Brace for a Chillier Biden Approach
U.S. President-elect Joe Biden will inherit his predecessor’s signature foreign-policy achievement: the historic Abraham Accords that normalized Israel’s relations with the United Arab Emirates and …
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First flight to UAE with Israeli tourists lands in Dubai
The first passenger flight carrying Israeli tourists to the United Arab Emirates (UAE) landed Sunday in Dubai, a historical moment that looked to herald a new level of economic cooperation in the …
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Middle East’s Spotlight on Green Finance
Regional appetite for green financial support is growing – loud and clear, says Badar Chaudhry, Senior Vice President, Sector Head – Energy, Mashreq Bank …
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Most Gulf markets rise; Abu Dhabi eases
Most share markets in the Gulf ended higher on Sunday but stocks did not react significantly to Joe Biden’s victory in the U.S. presidential election.
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UPDATE 1-Abu Dhabi’s Etihad announces departure of several senior execs
Abu Dhabi’s Etihad Airways said on Sunday its chief commercial officer was leaving the state carrier as part of a broad management restructuring as it struggles through the pandemic.
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Dubai primed to be global business hub
Global bank HSBC said in a city report that Dubai’s major economic and business reforms have led to significant improvements in its economic competitiveness and status as a global hub. “Business …
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Mint Lite | UAE reforms, M&A, Myanmar polls, climate crisis and others
General elections started in Myanmar on Sunday even as the country saw coronavirus cases rise to 1,100 per day, after reporting only a handful in August. In the country’s second democratic vote since …
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Sharjah-Kalba Road reopens to motorists after being closed due to heavy rains
The road that links Sharjah and Kalba reopened to motorists late on Sunday after being closed due to heavy rains. Sharjah Police earlier closed the Sharjah-Kalba road from both directions between Al …
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First plane with Israeli tourists lands in UAE after deal
The first flight carrying Israeli tourists to the United Arab Emirates landed Sunday in the city-state of Dubai, the latest sign of the normalization deal reached between the two nations. FlyDubai …
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Microsoft MIE experts in UAE up six-fold to over 2,000
Microsoft has announced that 2,013 educators from the UAE are now Microsoft Innovative Educator (MIE) Experts, compared to 323 last year–a more than six-fold growth. This year’s UAE educators make up …
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This Diwali 2020, win Dh100k worth of gold prizes at Dubai shopping malls
Participating malls include Al Khail Gate Community Centre, Arabian Centre, Burjuman, Bay Avenue, Dubai Outlet Mall, Reef Mall, Oasis Mall, Times Square Center and The Mall. Dubai Shopping Malls Group …
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Abu Dhabi Wealth Fund Culls Japan Team, Seeking New Growth Areas
The Abu Dhabi Investment Authority has reconfigured the way it invests in Japanese stocks, part of a wider shift by the world’s third-largest sovereign wealth fund to focus on areas with more growth …
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Rain in UAE: Kalba road closed, announce Sharjah Police
The Kalba road has been closed in both directions from Al Hafiya Square in the city of Kalba to Wadi Al Helo because of heavy rainfall, the Sharjah Police announced on Sunday afternoon. The police …
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Dubai Startup Hub defies pandemic concerns, reports 236% surge in membership
Dubai: Dubai Startup Hub recorded a 236 percent year-over-year surge in membership during the first half of 2020. Membership in the Dubai Chamber of Commerce and Industry initiative reached 1,568 in …
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