Sheikh Mohammed’s message, followed his inauguration of the Dubai Future Labs, DFL, a platform that is designed to be the first applied Research and Development lab specialising in future technology …
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Here is why the UAE will become the number one global fintech hub
From mobile banking and insurance to cryptocurrency and investment apps, fintech has broad applications. Last year, global funding in the sector rose to $135 billion, up from $111 billion in 2018 and …
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UAE launches plan to improve self-sufficiency in food
The UAE’s Federal Cabinet has approved a ‘national system’ for sustainable agriculture and ensure its future food security, it was announced on Sunday. During a virtual meeting of the cabinet, UAE …
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UAE to shutdown 2G network by 2022-end
TRA indicated that UAE service providers will provide all means of support to groups that may be affected by the 2G shutdown, a statement said. Hamad Obaid Al Mansoori, TRA Director General, said: …
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Sharjah cracks down on shops after family reports worms in yoghurt
An official at Sharjah Municipality said that t They carried out intensive inspections in a number of other shops in various neighbourhoods. The complainant said that his eight-year son spotted the …
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Dubai Economy takes pulse of businesses to gauge the impact of Covid-19
Dubai’s Department of Economic Development is embarking on a major survey of companies to gauge the impact the coronavirus pandemic has had on the economy. Around 1,574 firms as well as business …
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Dubai Economy engages with firms to gauge Covid-19 impact
Dubai Economy has continued its efforts in ensuring business continuity and competitiveness in Dubai by engaging with over 1,574 firms and 10 business groups to gauge the impact of Covid-19. The firms …
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Saudi ACWA Power to hit $10 bln target of new 2020 investments despite virus
Saudi power plant developer and operator ACWA Power expects to achieve its target of more than $10 billion in new investments this year, as the coronavirus pandemic had “minimal impact” on its …
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Dubai OFW in limbo over unpaid bank loan
Failure to meet credit card obligations is among the leading problems besetting overseas Filipino workers in the United Arab Emirates …
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Founder of first Islamic bank Saeed Lootah dies at 97
The businessman founded Dubai Islamic Bank and co-founded S.S.Lootah Contracting Company with his brother Sultan …
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UAE investors prefer to stick with caution for now
UAE also has said that it will be allowing flights to the country after some conditions are met. This can help airline shares rally in the near term as they seem to have already discounted the worst.
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McLaren arranges $185 million financing facility with Bahraini bank
British supercar manufacturer McLaren Group, which includes the Formula One team, has arranged a 150 million pound ($185.2 million) financing facility with the National Bank of Bahrain (NBB) , the …
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419 abandoned cars seized in Sharjah
Lieutenant Colonel Hamd Bin Qasmul, deputy director of the Community Police Department at Sharjah Police, said the campaign will focus on cars left unattended for long periods of time, do not have …
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Japan’s No. 2 Bank to Open Branches in Paris and Abu Dhabi
(Bloomberg) — The securities arm of Japan’s second-biggest bank is pressing ahead with its expansion abroad, unswayed by the coronavirus-fueled recession and a retrenchment by larger global …
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UAE seizes 25 million Captagon pills in series of drug smuggling busts
UAE authorities have foiled a series of attempts to smuggle 25 million Captagon pills worth Dh1.3 billion into the country during the first quarter of the year, the Ministry of Interior (MoI) has …
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Coronavirus impact: Stranded residents willing to pay up to Dh15,000 for a one-way ticket to UAE
Some UAE residents stranded in India say they will be resorting to the ‘expensive option’ of business jets to return to the country. With India further pushing back the dates for the start of …
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Tamil expats call for more repatriation flights from UAE
Indian expats living in the UAE are calling for speedy approvals from the Tamil Nadu state government for chartered flights to take home stranded people in the UAE. Tamil expats offering their …
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