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 …
Dubai’s Commodities Hub Plans Gulf’s First Blockchain-Backed Facility
Dubai Multi Commodities Centre (DMCC) plans to create the first precious metals refinery and storage facility in the Gulf region enabled by blockchain technology. The facility will refine and store …
Dubai: Man on trial for attempting to smuggle cocaine into UAE
An African national is facing trial at Dubai Criminal Court on charges of smuggling and possessing 577 grams of cocaine while on a visit to the emirate earlier this year.ALSO READ:>> Dubai: Seven …
Another digital bank – Rizq/Baraka – is going live in UAE, but based on Sharia
The digital bank is a venture from Zurich Capital Funds Group. “Our main challenge is to create a digital bank compatible with Islamic law, accommodating fast responses to fit into modern life,” said …
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The Lighthouse opens first of three new branches in Mall of the Emirates
Two more UAE-based outlets are expected later this year… For those familiar with Dubai Design District’s popular restaurant and concept store, The Lighthouse, you’ll be pleased to know three more …
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Nakheel enhances customer experience with launch of My Nakheel app
Premier Inn Ibn Battuta Mall, Avani Ibn Battuta, ibis Styles Dragon Mart, Premier Inn Dragon Mart and the Riu Dubai – the first project to be completed at Deira Islands and the first of two …
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