“Now we are really back on track,” he said. “Demand is extremely strong again.” Read: Dubai’s Emirates restores capacity on some US routes The carrier is also adding capacity in Canada, expanding its …
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How technology will transform banking
KPMG, in its UAE Banking Perspectives 2017 report, observes that many banks — in the UAE and globally — continue to make decisions “by looking back at what may have gone wrong”. However, that is chang…
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Dubai hotel room rates hit 14-year low
The average room rates of Dubai hotels dropped due to an increase in supply, hitting a 14-year low during the month of July. According to STR data, the average daily rate fell 9.7 per cent to Dh423.63 …
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Dubai attracts Dh80 billion FDI into technology…
Dubai has attracted $21.66 billion (Dh80 billion) worth of foreign direct investment in high-end technology transfers in three years, mainly from the European Union and the US. According to Dubai’s De…
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Exclusive: Saudi Arabia’s PIF has shown no interest in bankrolling Tesla buyout
DUBAI/RIYADH/LONDON (Reuters … Taking Tesla private would remove the pressure from Musk coming from hedge funds betting that the company’s stock will drop given its production issues and negative ca…
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Chithambaram holds Cheparinov in Abu Dhabi Chess Masters
ABU DHABI: Grandmaster Aravindh Chithambaram continued his fine form and played out a draw with Ivan Cheparinov of Georgia in the fourth round of Abu Dhabi Masters on Saturday. On a day when the going …
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Digital tech for autonomous transport at Bluewaters Dubai
Wireless communication technology from Siemens will play a … Each vehicle is designed to carry 24 passengers and the system will connect the island to Dubai’s existing metro network with a capacity …
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Digital-only Dubai bank launches first credit score check
Liv., the lifestyle digital bank by Emirates NBD for millennials, has announced that they are working with Al Etihad Credit Bureau (AECB) to provide customers access to their credit score. The bank sa…
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How 10-year visas will affect UAE business owners
The UAE government has created a buzz of expectation with its plans to introduce a 10-year residency visa to attract investors and new talent. The new visa rules, to be in place by the end of 2018, ha…
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Dubai’s shopping malls are poised for the next phase of growth
Dubai’s draw as a leading international destination for retail continues to grow exponentially. Dubai was the fourth-most popular city in the world with a total of 15.79 million tourists having visite…
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Abu Dhabi Global Market consults over private financing platforms
Abu Dhabi Global Market (ADGM) has published a consultation paper … March discussion paper issued by the Financial Services Regulatory Authority (FSRA), state news agency WAM reported. It added that …
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Saudi and UAE boost solar energy investments
RELATED ARTICLES: UAE, KSA lead MENA renewable and solar energy sector | DEWA, Amity University sign deal to enhance renewable research | Saudi Arabia eyes renewable energy-based O&M system March 2018 …
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UAE to strengthen ties with Japan in technology, education and industry
The leadership of the UAE is keen on strengthening ties with Japan in a number of areas including education, scientific research and industry. UAE Minister of State, Dr Sultan Al Jaber, who is also th…
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Mom detained in Dubai after drinking complimentary glass of wine on Emirates flight
Upon arrival in Dubai, an official reportedly told Holman she needed to … is what’s actually forbidden, according to News.com.au. “It’s illegal to drink alcohol or be intoxicated in public,” the dep…
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Dubai’s Museum of the Future shortlists firms for tech innovation
Since 2014, the Museum of the Future has held temporary annual multi-sensory exhibitions at the World Government Summit in Dubai. These exhibitions focused on the role of future technology in differen…
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Dubai attracts Dh80 billion FDI to technology sector
Dubai has attracted $21.66 billion (Dh80 billion) worth of foreign direct investment in high-end technology transfers in three years, mainly from the European Union and the US. According to Dubai’s De…
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Woman held in Dubai with daughter after drinking wine on flight
Ellie Holman faces being detained in Dubai for up to a year while awaiting a court hearing. Photograph: Detained in Dubai/PA A woman was detained in Dubai for three days with her four-year-old daughte…
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