per year in the UAE. The report, conducted by marketing research firm AlphaBeta, quantified the economic impact of services like Google Maps and Google Earth by looking at the benefits and value geospatial technology brought to consumers, businesses and …
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GITEX 2017: Technology innovation empowers Middle East healthcare sector
“When I met Aisha Bin Bishr, director general at Smart Dubai Office, she defined these technological changes with one word – and that word was ‘happy’. The ultimate manifestation of technological change is less about the technology and more about …
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Abu Dhabi Expects to Raise $10 Billion From Dollar Debt Sale
Abu Dhabi, home to about 6 percent of the world’s oil reserves, aims to raise $10 billion from a dollar bond sale as early as Tuesday to help plug a budget deficit. Encouraged by Saudi Arabia’s $12.5 billion sale last week, the biggest sovereign deal …
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Abu Dhabi Returns to the Bond Market With $10 Billion Offering
U.A.E. capital to use proceeds to bridge budget shortfall Abu Dhabi, whose government has one of the highest investment grades in the Middle East and Africa, narrowed pricing on the sale of $10 billion dollar bonds as it seeks to shore up its finances …
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Indian envoy honours Emirati woman who saved truck driver
Abu Dhabi: Jawaher Saif Al Kumaiti, the Emirati woman who saved the life of an Indian truck driver burnt in an accident in Ras Al Khaimah, upheld the ideals of Mahatma Gandhi, a top Indian diplomat said in Abu Dhabi on Monday evening. “Gandhi said that …
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Why the UAE military is coming to Sharjah
Dubai: Don’t panic when you see fighter jets, snipers and submarines in Sharjah next month Its a drill … according to the state news agency Wam. The event will take place along Al Khan Corniche in the evening, although no specific time has been …
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Meet Leo and Snowy: Dubai Safari’s white lion cubs
More than a 1,000 people participated in the contest, Khalid Sultan Hilal Al Suwaidi, director of Leisure Facilities Department told Gulf News on Monday. He said Hussain Nasser Lootah, director-general of Dubai Municipality, decided to give free tickets to …
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emCash is Dubai’s First Official State Cryptocurrency
The government of Dubai has revealed details of its own blockchain-based cryptocurrency, called emCash. In major news coming out of the UAE, the government of the city of Dubai will develop and implement emCash, an encrypted blockchain-powered digital …
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Dubai is building a huge ‘Mars city’ so we can practice living on the red planet
For such a small place, Dubai sure makes a helluva lot of noise when it comes to ideas of the outlandish variety. The latest plan is for a huge “space simulation city” to provide “a viable and realistic model to simulate living on the surface of Mars.”
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Department Of Culture And Tourism Leads Roadshow To Russia Following Surge In Hotel Guests To Abu Dhabi
Abu Dhabi’s Department of Culture and Tourism led a roadshow to Moscow and St Petersburg recently joined by tourism stakeholders and partners to capitalise on the dramatic surge in visitors into the emirate from Russia in the first eight months of this year.
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Abu Dhabi City Municipality to deploy LED streetlights
Abu Dhabi City Municipality is gearing up to swap out conventional lights in favor of LEDs on streetlights within the city. The move is part of the municipality’s commitment to reducing power consumption and achieving sustainable development. The project …
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Young entrepreneurs, investors meet in Dubai
DUBAI: Scores of startup firms occupied the Boulevard mall at Emirates Towers on Tuesday in hopes of attracting investors and increasing their profile. The Arab Youth Startup Marketplace, organised by the Arab Youth Centre and Mubadala, aims to put young …
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How to legally sublet or lease your home in Dubai
Within 2-3 business days, your account request will be processed and you will be contacted for further procedures. 6. Submit required documents at the Dubai Tourism office and pay Dh1,570 to start your approval process. This amount includes an annual …
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Emaar’s property unit valued at $6.5bn ahead of Dubai IPO
The real estate development business of Emaar Properties, which is being listed in an initial public offering (IPO) in Dubai, is expected to be valued at Dhs24bn ($6.5bn), two people familiar with the deal said. The valuation is based on the assets Emaar …
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$24bn crude swap: Ex-PPMC boss to forfeit nine Dubai properties
The Economic and Financial Crimes Commission has begun fresh moves to seize nine Dubai properties worth about N1.6bn, traced to a former Managing Director of the Petroleum Products Marketing Company, Mr. Haruna Momoh. Already, the EFCC has obtained an …
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Dubai returns to court over ship-repair company’s $2.1bn debt
The maritime engineering business, a unit of the government-owned Dubai World conglomerate, in 2012 had to use bespoke insolvency legislation to finalise its first restructuring after a hedge fund won a judgment against the firm for defaulting. Drydocks …
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UAE economic growth forecast to rise to 3-3.5% in medium term
Economic growth in the UAE is expected to increase to at least 3 percent in the medium term on the back of Expo 2020, according to Bank of America Merrill Lynch’s GEMs Macro monthly report. The bank’s MENA economist Jean-Michel Saliba said UAE real GDP …
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