A Danish citizen allegedly involved in gang-related crime in southern Sweden, and killings and explosions in Spain, has been arrested in Dubai, a Swedish newspaper reported Friday.
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UAE sovereign wealth fund Mubadala to invest $1.2 billion in India’s Jio Platforms
Mubadala, the UAE sovereign wealth fund, is investing $1.2 billion in Jio Platforms in exchange for nearly 1.9% of the business. Owned by India’s richest man, Mukesh Ambani, Jio Platforms is valued …
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Abu Dhabi’s Mubadala picks up $1.2bn stake in Reliance’s Jio
Abu Dhabi’s Mubadala will invest $1.2bn in Mukesh Ambani’s Jio Platforms, as the sovereign wealth fund joins Facebook and a number of US private equity groups in backing the Indian telecom and digital …
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Abu Dhabi Sovereign Fund to Invest $1.2 Billion in Jio Platforms
Abu Dhabi’s Mubadala Investment Co. will invest $1.2 billion in Reliance Industries Ltd.’s digital arm, adding to the roster of marquee investors that have piled into the business.
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MIDEAST STOCKS-Dubai outperforms as Aramco hurts Saudi
Most major stock markets in the Middle East ended higher on Thursday, with Dubai leading the way as blue-chip stocks advanced, but oil giant Saudi Aramco weighed on the Saudi index. Dubai’s index …
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First Abu Dhabi to redeem $750 mln in perpetual bonds -filing
First Abu Dhabi Bank FAB.AD intends to redeem its $750 million Additional Tier 1 (AT1) bonds on their first call date, June 17, it s …
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Etihad to resume transit flights after UAE lifts suspension
Abu Dhabi’s Etihad Airways will resume carrying transit passengers from certain destinations on June 10 after the United Arab Emirates government lifted a suspension on those flights.
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Dubai fines more than 100 beachgoers up to $800 for failing to wear masks, social distance
Dubai police has fined more than 100 people visiting its newly-reopened public beaches in recent days for failing to adhere to coronavirus safety r …
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EMPG and OLX Group, Owners Of Dubai-Based Bayut And Dubizzle Respectively, Merge To Form Unicorn Company
The two enterprises have merged their MENA and South Asia operations to form an AED3.6 billion (US$1 billion) Dubai-based unicorn company.
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Abu Dhabi to look at more debt sales to protect finances
Oil-rich Abu Dhabi will consider raising more money via the bond markets to protect its finances from the impact of low oil prices, it said in a statement, after raising $10 billion in bonds this year …
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Blockchain Was Born 20 Years Before Bitcoin
Scott Stornetta spoke about the creation of blockchain. The creation of a hashchain linked to a Time Stamp Authority, coupled with a global witness.
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Q & A: The ZeLoop app will reward you for recycling with Ethereum-based tokens!
A new app is coming to the UAE that employs a freemium, mobile-game-inspired operating model, where users are rewarded for recycling plastic bottles with in-app achievements, crypto tokens as well as …
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Startup sets the pace in Middle East’s virtual-currencies business
The most famous cryptocurrency is bitcoin. Created in 2008, it caught the public’s attention in late 2017 when investors drove the value of one unit to nearly $20,000. (Supplied) Short Url DUBAI: One …
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UAE Leverages Blockchain Technology to Flatten Corona Curve
Blockchain is finding its way into almost everything these days. From banking to medical insurance, to even growing flowers, the technology is positioned by most as a one-size-fits-all. Now, the …
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Cryptocurrency Trends To Watch In 2020
In 2020, there are cryptocurrency trends that you are likely to see. In this article, we look at some of the trends you should look out for this year. In 2019, there were signs that countries were …
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Dubai malls, businesses to ‘fully operate’ from Wednesday
Shopping malls in Dubai will fully reopen for business on Wednesday, in the latest easing of coronavirus restrictions, the emirate’s media office announced. The step makes the glitzy city-state the fi …
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The Latest: Dubai to open shopping malls, private sector
The Latest on the coronavirus pandemic. COVID-19 causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe …
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