Dubai: As many as 44 food outlets in Dubai were temporarily closed down this year for violating a number of hygiene requirements. Sultan Ali Al Tahir, Head of Food Inspection Section at Dubai Municipality, said: “[We] closed down the food outlets …
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UAE’s Filipino expats target second property investment
Eighty percent of Filipinos living in the UAE plan to buy at least one property for additional income and retirement fund apart from their residential home, according to a new survey. The poll by the Philippine Property and Investment Exhibition (PPIE …
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UAE’s private sector records growth gains in April
Dubai: The UAE’s non-oil private sector turned in an improved set of numbers for April, including gains on output and in generating new business leads. The backlog of works — another key indicator — is rising at the fastest rate in 32 months …
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UAE sees non-oil sector conditions improve in April
The UAE non-oil private sector saw an upturn in April as output, new business and employment improved, according to Emirates NBD. The bank’s purchasing managers’ index, produced by IHS Markit, rose to 55.1 from 54.8 the previous month as business …
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Smart Dubai plans to sell its blockchain manual to other smart cities
Dubai: Smart Dubai, the government authority overseeing the implementation of new technologies, says it is preparing to sell a manual on how to implement blockchain to other smart cities. The authority has spent much of the past year mapping the city’s …
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Dubai Chamber Announces Winners of 3rd Dubai Smartpreneur Competition
Director of Dubai Technology Entrepreneurship Center – DSO; Alia Al Mazrouei, COO of Almazrouie Investment; Andriy Radchenko, Senior Engagement Manager at McKinsey & Co.; Rekha Setpal, Head of Community Services at in5 & Dubai Internet City; Anna-Liisa …
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UAE begins implementing blockchain strategy
The technology allows the information to be shared seamlessly. We don’t actually need to do any reconciliation anymore,” Lootah told the delegates at the Future Blockchain Summit. The UAE government collects Dh12 billion in fees per year, which …
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Dubai to have the fastest response to fire incidents
“These measures, which represent the first step in our ‘smart response’ to fires, will be coordinated by UAE-based technology company MGE. We also have a unique opportunity to use the Statistical Analysis System (SAS) for data analysis and risk …
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Singapore firm unveils blockchain technology
A Singaporean technology firm Locus Chain Foundation has launched the … Speaking at the launch of the innovation in Dubai, Sang Yoon, Lee, CEO of Locus Chain said one of the key features of this fourth generation of blockchain is its ability to track …
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Blockchain Technology Eyed By BMW, Renault, General Motors
In addition to Samsung, Mastercard, IBM, and the Dubai Land Department, the Mobility Open Blockchain Initiative claims that BMW, Renault, and General Motors are also interested in the technology, along with Bosch and ZF Friedrichshafen. Care to guess who …
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Dubai Properties Recognised by Dubai Land Department at Fiabci World Real Estate Congress
Dubai Properties, a member of Dubai Holding, was presented with a commemorative award by the Dubai Land Department (DLD) to recognise its support as strategic partner of the 69th FIABCI World Real Estate Congress, that concluded in Dubai today. The award …
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UK nationals ‘pumped $8.4bn into Dubai real estate’
British nationals have invested nearly Dh31.1 billion ($8.47 billion) in Dubai’s real estate sector during the period from 2014 to 2017, according to the statistics released by Dubai Land Department (DLD). The United Kingdom is one of the largest …
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UAE leads global efforts to prevent extremism, FNC speaker says
Martin Chungong and Dr Amal Al Qubaisi address a press conference on the sidelines of the meeting. Abdul Rahman/Gulf News The UAE is also cooperating with the United States of America through Sawab Centre on combating the messages spread by Daesh terrorist …
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Mashreq Kenya bank loan syndication
Dubai: Mashreq bank on Wednesday closed a $100 million (Dh367 million) dual tranche syndicated term facility for Stanbic Kenya Bank Limited — a subsidiary of the Standard Bank Group. The transaction closed nearly two and a half times oversubscribed.
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Dubai Islamic Bank Recognized by Dubai Service Excellence Scheme for the Widest Implementation of Happiness Meter
Dubai Islamic Bank, the largest Islamic bank in the UAE, has been recognized by Dubai Service Excellence Scheme (DSES) for the “Widest Implementation of the Happiness Meter” across its 34 branches in 2017. Mr. Nasser Al Awadhi, Chief of Consumer …
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First Abu Dhabi Bank appoints new CEO for Saudi Arabia’s banking business
Dubai: First Abu Dhabi Bank (FAB) said on Wednesday it has appointed Layth Al Shaiban as Chief Executive Officer of its new commercial banking business in Saudi Arabia, subject to regulatory approvals. FAB has been licensed by the Saudi Arabia Monetary …
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UAE Banks Federation issues financial literacy handbook to reduce chronic indebtedness
Central Bank of the UAE data, released last month, found that of the 7.168 million cheques worth Dh351.1 billion, handled by the UAE Clearing Cheque System during the first three months of 2018, Dh15.7bn worth bounced. “The UAE Banks Federation is no doubt …
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