A separate team was formed to bolster SMEs and develop technology that will help businesses, including remote meetings and e-signatures. In May, Sheikh Mohammed also said that the structure of the UAE …
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UAE’s financial markets need more depth
The lack of depth and coverage of regional debt and equity markets is well known and documented. We have puny equity capital markets … and even those cater only to the larger companies. They are …
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Life insurance top priority for UAE residents after Covid-19
Life insurance is the top financial priority for almost 50 per cent of people living in the UAE in the wake of the pandemic outbreak, a study has revealed. The study’s findings have added relevance in …
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Dubai faces 5.5% recession this year as $10 billion debt repayments loom, BofA says
Dubai could see a recession of around 5.5% in 2020 as it faces about $10 billion (8.1 billion pounds) in debt maturities this year while revenues are expected to drop in line with the pattern of the …
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UAE Emirate of Sharjah Hires Banks for $1 Billion Sukuk Sale
The tiny emirate of Sharjah hired banks to raise as much as $1 billion from international debt markets, joining wealthier Gulf states to shore up its finances against the fallout of the coronavirus …
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Dubai’s share in clean energy mix up 9pc, tops 2020 target
The Dubai Electricity and Water Authority (Dewa) has announced that the share of clean energy in the emirate’s energy mix has increased to around nine per cent. These figures exceed the target set in …
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Abu Dhabi announces one week-ban on traffic to and between its main cities, from June 2
Abu Dhabi, the largest member of the United Arab Emirates federation, announced a one-week ban on traffic to and between its main cities, to be implemented from June 2, the local government media …
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UAE property market use VR tech to sell units
A UAE-based property developer Azizi Developments has started offering walk-in virtual tours for its property units. The new and interactive virtual property walk-through platform, in line with UAE’s …
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UAE Takes Another Step to Ease Government Telephone Monopoly
The United Arab Emirates may allow small and medium-sized enterprises to develop internet calling applications, in a sign that it’s easing the government’s monopoly over telephone services.
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Coronavirus: UAE government apps helped keep things intact, say residents
The UAE – with its constant vision and foresight – has kept up with technology and designed avenues to aid residents’ daily functions.
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UAE- Lincoln Aviator Presidential Takes on Bumps and Dips, Turning Every Trip into a Refined Journey
Lincoln Aviator introduces advanced suspension system that pairs pothole mitigation and Lincoln-first road preview technology to deliver a smooth, refined ride >Lincoln-first Adaptive Suspension with …
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Abu Dhabi Islamic Bank CEO Manna Resigns After a Year on Job
Abu Dhabi Islamic Bank PJSC said its Chief Executive Officer Mazin Manna resigned, just over a year after the Credit Agricole SA banker assumed the role.
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BRI: COVID-19: Chinese property investors expand their horizons
While the coronavirus pandemic is having detrimental effects on the real estate sector across the world, Chinese buyers continue to search the world for good deals although overall deal closings fell …
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Covid-19: Oversupply of property in UAE and long-term consumer confidence
In a post Covid-19 world, the property sector needs to adapt and re-align to meet customer demands and mitigate the long-term effects of the pandemic …
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Dubai boasts 7% clean energy – DEWA CEO
which aimed to provide seven percent of Dubai’s total power output from clean energy sources by 2020 and 75 percent by 2050. Al Tayer revealed that DEWA’s total installed capacity is 11,700MW of …
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Dewa surpasses its clean energy target for 2020
Dubai Electricity and Water Authority (Dewa … Out of total installed capacity of 11,700MW of electricity, 1,013MW is produced from photovoltaic solar panels at the Mohammed bin Rashid Al Maktoum …
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UAE plans to introduce new regulations to combat fake education certificates
The proposed tougher legislation, which will be taken to the FNC meeting for further discussion before being passed by all members.
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