UAE-based Universal Tubes & Plastic Industries and India’s Tata Steel has executed the global steel industry’s first blockchain-based live trade finance deal. The transaction enabled the digitisation …
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DMCC strikes deal to build blockchain-based precious metals refinery in Dubai
Dubai Multi Commodities Centre — a free trade zone established by the Dubai Government — has signed a sale and purchase agreement with REIT Development to construct a 100,000 square foot precious …
Abu Dhabi Is Said to Weigh Sale of $4 Billion Taqa Stake
Abu Dhabi is weighing the sale of a stake in its biggest utility as the oil-rich emirate seeks more international investment in its marquee assets, people familiar with the matter said.
Sheikh Mohammed to outline UAE’s green vision at US President Biden’s climate summit
The summit on April 22 and 23 is being hosted remotely by US President Joe Biden. In his speech, Sheikh Mohammed will highlight the UAE’s green vision and climate action ambitions. The US President …
Vaccinated UAE team out of Fleche Wallonne over virus cases
Tour de France winner Tadej Pogacar is out of the Flèche Wallonne one-day race Wednesday after his UAE Team Emirates squad withdrew following two positive tests for the coronavirus, even though the …
Treasury-Buying Spree of $17 Billion Has UAE Eclipsing China
The United Arab Emirates went on its biggest Treasury-buying foray on record in February, purchasing more of the safe-haven securities than China in one of the worst months for U.S. debt markets in …
Emirates Could Tap Dubai for Support Amid Delayed Recovery
Emirates said it may need to tap Dubai’s government for an equity injection if demand doesn’t rebound from the coronavirus crisis in the next six to eight months.
US man who legally smoked marijuana in Las Vegas before flying to Dubai is freed and deported
Peter Clark, 51, was deported from Dubai after prosecutors dropped all charges against him. He was arrested in February after going to hospital, where doctors did blood tests and found drugs.
Dubai Investments acquires stake in National General Insurance Company
The UAE’s leading investment company, Dubai Investments announced the execution of a direct deal of acquiring 21.53 per cent shares of National General Insurance Company (NGI) from Emirates NBD Bank.
DMCC Completes Land Sale Transaction In JLT With Reit Development To Build A Blockchain Enabled Precious Metals Refinery In Dubai
DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – announced the signing of a sale and purcha …
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Ammar Hilal appointed managing director of Raffles Dubai and Sofitel Dubai The Obelisk
Ammar Hilal has joined Raffles Dubai and Sofitel Dubai The Obelisk as managing director. He moves from Fairmont Dubai, another Accor property. In his new role he will oversee the daily operations of …
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Dubai Launches Multi-Billion Dirham E-Commerce Free Zone Commercity
The new facilities include office spaces as well as e-commerce logistics units and multi-client warehouses with 470,000-sq-ft of office spaces and warehouses.
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Several Israelis could move to the UAE to work – senior official
A quarantine-free travel corridor between the two countries will be set up very soon, says Fleur Hassan Nahoum …
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UAE Adopts Blockchain Tech for Its Judicial Notary Services
UAE has adopted blockchain technology in its judicial notary services. This will help reduce time, effort, and the high cost of contract verification. UAE plans to move half of its transactions on …
Abu Dhabi seeks bids for key PPP infrastructure projects
Abu Dhabi is launching two major infrastructure public-private partnership (PPP) projects under the Partnership Projects framework issued by the Abu Dhabi Investment Office (ADIO), for the procurement …
Covid: UAE revises guidelines for kids’ face masks, shields; here’s why
A recent study in The Lancet suggested strong evidence that the primary route of transmission of the novel coronavirus is airborne.
Chinese businessman receives UAE golden residency visa
Huang Tianguo, the founder of China-based UC Forward Marketing LLC, has received the UAE’s golden real estate residency visa. UC Forward Marketing was appointed by the Dubai Land Department (DLD) as …