Dubai: Heavy fog and mist hit various parts of the UAE on Monday morning, leading to heavy tailbacks and congestion on many busy roads. The National Centre of Meteorology and Seismology (NCMS) said that the fog mostly affected Abu Dhabi and Dubai, and …
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Dubai Islamic Bank : Bank results point to improvements in asset quality and profitability
Dubai: First quarter UAE bank results announced so far broadly indicate soft growth in assets and profitability combined with a visible improvements in asset quality. For the last 8 to 12 quarters UAE banks have been focusing on efforts to strengthen their …
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Abu Dhabi’s $1bn mall delayed until 2020
DUBAI: The opening of a shopping center worth $1 billion being built on an island off the coast of Abu Dhabi has been pushed back by two years until 2020 partly due to issues with its design and delays in receiving approvals, the developer’s chief …
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Dubai Women Establishment signs MOU with DFC
Dubai Women Establishment has signed a Memorandum of Understanding (MoU) with Dubai Financial Market (DFC) to enhance women’s participation on the boards of listed companies. The MoU was signed by Mona Al Marri, chairperson of the board of Dubai Women …
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Digital finance can add $3.7tr to GDP of emerging economies
Dubai: Adoption of digital financial solutions could revolutionise financial inclusion that could turbocharge growth in emerging economies, adding up to 6 per cent or 3.7 trillion to GDP by 2015, benefiting billions of people according to a report by the …
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Dubai Government to end paper transactions in 2021, says Crown Prince
The Government of Dubai will stop issuing paper transactions from 2021, as the emirate moves into its next phase in sustainable development with the Smart Dubai 2021 initiative. Launched by His Highness Hamdan bin Mohammed bin Rashid Al Maktoum …
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Abu Dhabi’s Mubadala, Eshraq Properties mull real estate JV
Abu Dhabi-based investment firm Mubadala Development Company has signed an agreement with local developer Eshraq Properties to explore the possibility of setting up a new real estate company in the UAE capital. The companies have signed a Heads of Terms …
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Abu Dhabi residential property prices set for further fall
The residential and commercial property prices across Abu Dhabi, UAE, are expected to decline further in 2017, according to a joint report by real estate expert JLL and UAE-based property platform dubizzle. The villas communities in the UAE capital …
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Digital Finance Can Turbocharge Growth In Emerging Economies
Economic growth suffers. But a solution is literally at hand. Digital finance—financial services delivered via mobile phones, the Internet or cards linked to a digital payment system—could be a boon to individuals, businesses, and governments across …
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New leak suggests NSA penetrated Mideast banking networks
A new set of documents purportedly lifted from the U.S. National Security Agency suggests that American spies have burrowed deep into the Middle East’s financial network, apparently compromising the Dubai office of the anti-money laundering and financial …
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Major Leak Suggests NSA Was Deep in Middle East Banking System
Friday morning, the Shadow Brokers published documents that—if legitimate—show just how thoroughly US intelligence has compromised elements of the global banking system. The new leak includes evidence that the NSA hacked into EastNets, a Dubai-based …
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'Wrecking the internet': hackers may have just revealed huge flaw in global commodity market
Qatar First Investment Bank, Arab Petroleum Investments Corporation Bahrain, Dubai Gold and Commodities Exchange, Tadhamon International Islamic Bank, Noor Islamic Bank, Kuwait Petroleum Company and Qatar Telecom, are just a few of the financial …
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NSA code that can break into any Windows computer is released b yhacking collective that claims spy agency spie penetrated Mideast banking networks
The documents appear to show that the NSA compromised the Dubai office of the anti-money laundering and financial services firm EastNets. The company said Friday that the leaked documents were dated and denied that any customer data had been affected.
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US government 'hacked global bank system'
Swift was successfully targeted by hackers last year when criminals stole $81m from the Bangladeshi central bank. Swift is a network that allows … Headquartered in Dubai, EastNets has clients in Kuwait, Dubai, Bahrain, Jordan, Yemen and Qatar.
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Hacking Group Claims N.S.A. Infiltrated Mideast Banking System
Among the leaks on Friday were an extensive list of PowerPoint and Excel documents that, if authentic, indicate that the N.S.A. has successfully infiltrated EastNets, a company based in Dubai that helps to manage transactions in the international bank …
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NSA penetrated SWIFT banking network in Middle East: Hackers
EastNets is a Dubai-based firm that oversees payments in the global SWIFT … “They may have been used to target a global banking system. One collection of 15 exploits contains at least four Windows hacks that researches have already been able to …
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Dubai financial services bureau EastNets denies claims of hacking
enabling the thieves to order money transfers from the bank’s account at the New York Federal Reserve. “If you hack the service bureau, it means that you also have access to all of their clients, all of the banks,” said Matt Suiche, founder of the UAE …
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