Dubai: Dubai Investments PJSC [DFM: DIC], the leading, diversified investment company listed on the Dubai Financial Market, has announced that its private equity subsidiary Masharie LLC has divested its 50% stake in Drive Dubai [Dubai International Driving …
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$1m Global Teacher Prize winner in Dubai
Dubai: Andria Zafirakou of Alperon Community School in the UK was declared the winner of the $1 million Global Teacher Prize for 2018 at the sixth annual Global Education and Skills Forum (GESF) held in Dubai. The announcement, will be held at a glittering …
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Egypt, UAE say reject attempts to harm Arab security
Egypt and the United Arab Emirates (UAE) on Sunday reiterated their rejection of attempts to harm the stability of the Arab countries. Egyptian President Abdel Fattah al-Sisi held talks with UAE Foreign Minister Abdullah bin Zayed al-Nahyan, who arrived in …
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Emirates Telecommunications Grop : UAE residents can now enjoy faster WiFi in every room, on every device
Etisalat has bannounced the launch of the UAE’s first home Wi-Fi designed to deliver super-fast, reliable, and non-stop connectivity when deployed in every room. The telco’s new Wi-Fi service called ‘HomeZone’ creates a strong, reliable signal to …
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Dubai Investments divests stake in Drive Dubai
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Dubai Investments offloads stake in Dubai driving school
Dubai Investments is on track with its strategy to “diligently adapt its portfolio and business verticals, with a clear focus on enhancing its investments in specific sectors”, Mr Bin Kalban added. Dubai Investments is a diversified company in which …
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Abu Dhabi signs $1.45B offshore deal with Total
The Abu Dhabi National Oil Co. made the announcement in a statement Sunday. It said Total would be granted a 20 percent stake in the Umm Shaif and Nasr concessions and a 5 percent stake in the Lower Zakum concession, paying participation fees of $1.15 …
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Abu Dhabi awards France’s Total stakes in oil concessions
Abu Dhabi (AFP) – Abu Dhabi state energy company ADNOC said Sunday it had awarded French oil giant Total stakes in two offshore oil concessions, as it looks to boost production by year’s end. Total now holds a fifth of the Umm Shaif and Nasr concession and …
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UAE’s Azizi aims to deliver Dubai mega project ahead of schedule
UAE-based Azizi Developments has announced that foundation works on phases 1 and 2 of its flagship project in Meydan One, which is set to be completed in early 2019, are almost completed. The company said the Azizi Riviera mega project continues to develop …
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Dubai Sheikh Mohammad Bin Rashid rescues tourists stranded in desert
A group of Mexican tourists were off-roading at the Dubai dunes outside the city, when there vehicle got stuck in the desert. Prime Minister Sheikh Mohammad Bin Rashid Al Maktoum, Vice President of the UAE and Ruler of Dubai, came to rescue the tourist.
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UAE- Five key factors driving Islamic finance growth
(MENAFN – Khaleej Times) In just one year, Islamic economy has registered remarkable progress, its markets have expanded, products increased and its culture broadened. More specifically, global Islamic finance assets increased from $2 trillion in 2016 to $ …
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UAE, Bahrain and Fintech: The financial disruption is on
According to an intelligence report by Business Insider (BI Intelligence), Fintech could be bigger than ATMs, PayPal, and Bitcoin combined. “The fintech industry no longer stands clearly apart from financial services proper, and is increasingly growing …
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An Unprecedented Turnout Of 13,000 Visitors To ’Morocco In Abu Dhabi’ In 10 days
In its third edition, “Morocco in Abu Dhabi” has achieved an unprecedented turnout, with a total of 13,000 visitors in 10 days from all over the country, giving them a great opportunity to learn about Morocco’s rich cultural heritage in all its forms …
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Etisalat launches whole-home wi-fi service in UAE
Etisalat has announced the launch of the UAE’s first home wi-fi designed to deliver super-fast, reliable, and non-stop connectivity when deployed in every room. Etisalat’s new wi-fi service called “HomeZone” creates a strong, reliable signal to …
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UAE companies may raise Dh33 billion from IPOs
The initial public offering (IPO) market looks pretty strong as the UAE companies are projected to raise up to $9 billion (Dh33 billion) this year, which could see 2018 as a landmark year for the UAE financial markets, industry analysts have said.
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UAE pharma giant posts $350m sales in ‘challenging’ market
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AI-assisted programmes to tackle crime in Dubai
According to Maj Gen Al Mansouri, this is good news for public safety, as it helps police and first responders more easily to spot crimes and accidents and also has a range of scientific and industrial applications. “Many sites in Dubai operate …
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