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Posted on 06/10/2020

Dubai studying Covid-related emissions decline for future case scenarios

Dubai is studying the reduction in emissions seen during the Covid-19 movement restrictions, in order to create a baseline for future curbs on greenhouse gases. The emirate, which reduced carbon …
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Posted on 06/10/2020

UAE’s Al Naboodah to tie up with Israeli VC OurCrowd on technology

Israeli venture investment firm OurCrowd signed a memorandum of understanding with Phoenix, a business development company, to increase business and technology ties between Israel and the United Arab …
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Posted on 06/10/2020

Nine elderly motorists honoured in Sharjah for zero traffic offences

Sharjah police have honoured nine elderly motorists for having kept a clean traffic record. Police said that they did not commit any traffic offence since they started driving. The ceremony was held …
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Posted on 06/10/2020

Sharjah Airport Authority launches initiative to Emiratise technical jobs

Sharjah Airport Authority remains keen to ensure that Emiratisation is at the core of its operational and development strategy …
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Posted on 06/10/2020

Abu Dhabi’s ADIA to Invest $750 Million in Mukesh Ambani’s Retail Unit

A unit of Abu Dhabi Investment Authority will invest 55.1 billion rupees ($750 million) in Reliance Industries Ltd.’s retail arm, as billionaire Mukesh Ambani continues to enlist marquee backers for …
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Posted on 06/10/2020

Ambani sells over $750 million Reliance Retail stake to Abu Dhabi Investment Authority

Abu Dhabi Investment Authority, which invested $750 million in Indian telecom giant Jio Platforms in June this year, has returned to invest just as much capital in Mukesh Ambani’s other venture.
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Posted on 06/10/2020

UAE Minister Vows ‘Never Again’ in Berlin Holocaust Memorial Visit Together With Israeli Counterpart

Nahyan, his Israeli counterpart Gabi Ashkenazi and German Foreign Minister Heiko Maas are pictured before their historic meeting at Villa Borsig in Berlin, Germany, October 6, 2020. REUTERS/Hannibal …
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Posted on 06/10/2020

UAE, Israel ministers in ‘historic’ first meet at Holocaust Memorial

The foreign ministers of Israel and the United Arab Emirates on Tuesday visited the Holocaust Memorial in Berlin during their “historic” first meeting, a major step forward for their new relations.
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Posted on 06/10/2020

Dh200,000 fine, jail term for forging, counterfeiting currency in UAE

The video is part of the public prosecution’s social media campaign to enhance the public awareness on the UAE’s laws.
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Posted on 06/10/2020

Dubai travel: Am I allowed to visit, are hotels and restaurants open and what rules are in place?

With year-round sunshine and just a few days of annual rainfall, it’s no wonder Dubai is such a hit with British holidaymakers – 1.2 million Brits visited in 2019. Now that Dubai has started issuing …
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Posted on 06/10/2020

Bitrump to List More Utility Tokens to the Platform this Quarter

Bitrump, the UAE-based cryptocurrency exchange is planning to add more crypto assets to its platform. The team is all set to focus on listing utility tokens that are backed up …
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Posted on 06/10/2020

UAE Surpasses 100,000 Coronavirus Infections

The United Arab Emirates, with a population of around 9.9 million people, surpassed 100,000 recorded cases of COVID-19 infection on Tuesday. The UAE, whose tally stands at 100,794 infections and 421 …
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Posted on 06/10/2020

UAE once again chosen as the ‘top country to live in’ by Arab youth

The UAE has been chosen as the top country in the world to live in by nearly half of all Arab youth for the ninth consecutive year, according to the annual Arab Youth survey conducted by Asda’a BCW.
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Posted on 06/10/2020

APICORP provides $70.5mln to fifth phase of Mohammed bin Rashid Solar Park

The world’s tallest solar power tower at the Mohammed bin Rashid Al Maktoum Solar Park. Image courtesy Dubai Media Office Twitter handle. UAE – Mubasher: The Arab Petroleum Investments Corporation …
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Posted on 06/10/2020

The Unemployed Trader Who Became a $700 Million Cum-Ex Exile

When Sanjay Shah lost his job during the financial crisis more than a decade ago, he was one of thousands of mid-level traders suddenly out of work.
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Posted on 06/10/2020

DFM announces launch of new equity derivatives platform

Dubai Financial Market (DFM) on Tuesday announced that it has … enabling investors to diversify and hedge their portfolios and access leverage. The platform will be launched in October 2020, …
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Posted on 06/10/2020

Bitrump is planning to list more utility tokens

Major crypto exchange from the UAE, Bitrump, has plans to list some more digital currencies to its platform. However, according to new information, the exchange seems to be focusing on utility coins …
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