Dubai-based ride-hailing company Careem has acquired the talent and technology of India’s third largest mass transport app — Commut — for an undisclosed amount. The Hyderabad-based Commut is …
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UAE banks group considers asking for ease in mortgage rules
DUBAI/ABU DHABI, Sept 24 (Reuters) – The United Arab Emirates’ banking group is considering whether to ask the central bank to relax mortgage lending rules to stimulate a fragile real estate market, s…
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Time-share company under investigation in Dubai
Dubai: Dubai’s Department of Economic Development … In response to a Gulf News query, Mohammad Ali Rashid Lootah, CEO of the Commercial Compliance and Consumer Protection sector at DED …
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Dubai Govt Upgrades Payment Portal DubaiPay with Blockchain technology
The Smart Dubai office, a government initiative led by the Crown Prince of Dubai, is integrating blockchain technology into its retail payments smartphone app DubaiPay, enabling reconciliation and …
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Dubai integrates blockchain technology into online payment
Dubai has integrated blockchain technology into its online payment portal named DubaiPay, local media reported on Sunday. Blockchain allows people or systems to share data in a tamper-proof way.
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Dubai Launches Blockchain-Based Payment System to Boost Government Efficiency
“Guided by the forward-thinking vision of its leadership, Dubai has long been a trailblazer in embracing avant-garde technologies – most notably those of the Fourth Industrial Revolution – and tailori…
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Dubai launches blockchain based payment system
Smart Dubai Office (SDO), in collaboration with Dubai Department of Finance has launched the ‘Payment Reconciliation and Settlement’ System based on blockchain technology. Now all the transactions are …
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Emirates withdraws plans to operate Dubai-Mexico flights
Dubai: Emirates has dropped plans to operate … The airline said a thrice weekly service will not be good for the business, given the resource investment required for such a long-distance operation.
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Dubai Ruler receives letter from Kuwaiti PM
Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, received a letter from Shaikh Jaber Al Mubarak Al Hamad Al Sabah …
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UAE banks consider asking for easing of mortgage rules
The UAE Banks Federation’s retail banking committee … seek to take advantage of the price drop. “The mortgage business has been picking up. Prices have come down and prices are stabilising …
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Emirates drops plans to operate Dubai-Mexico flights
Dubai: Emirates has dropped plans to operate … The airline said a thrice weekly service will not be good for the business, given the resource investment required for such a long-distance operation.
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Sharjah Police seize fake goods worth Dh91m
Sharjah: Sharjah Police have arrested a three-member gang and seized counterfeit goods worth Dh91 million from them. An arrest warrant has been issued against the fourth suspect who is out of the …
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Look: 2 ‘extinct’ animals make a comeback in UAE
Dubai: Two animals that were believed to have … who was quoted in the state news agency WAM. “Once the sites are identified, the agency will try to find more porcupines in the wild to preserve …
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Dubai’s Union Properties denies reports of merger
Dubai-based Union Properties on Monday denied media reports that it plans to merge with another developer. In a bourse statement, the company said “it is currently not considering any merger”.
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Abu Dhabi to have 30,000 extra school seats
Abu Dhabi: Tens of thousands of extra seats for students, doubling housing loans and thousands of new housing units are among the first phase of the Abu Dhabi Accelerators programme, the executive …
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Investors weigh exit from UAE school operator GEMS
A group of private equity investors, including Fajr Capital, Blackstone and Bahrain’s Mumtalakat, is weighing the sale of their combined stake in the emerging market business of UAE-based GEMS …
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New to the UAE guide part 2: banking, saving, investing and sound financial advice
Choosing which financial institution to bank with is one of the first decisions people make when moving to a new country. Next comes how to handle your finances through borrowing, saving and investing …
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