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Tag: fintech

Posted on 03/08/2023

FTX’s Dubai Outpost To Close As Parent Company Enters Restructuring

Beleaguered crypto exchange FTX (CRYPTO: FTT) has submitted a court request to exclude its Dubai subsidiary from the ongoing restructuring process in t …

Posted on 03/08/2023

Dubai sailors rescued near Socotra by Yemeni fisherman after boat runs adrift

A senior sailing instructor and his wife have been rescued by fishermen off the Yemen coast as they attempted to sail from East Africa to the UAE. Dacey Calisura and her husband Jethro Friggens were …

Posted on 03/08/2023

Watch: Nightmare at sea for Dubai couple whose sailboat steering wheel broke; rescued by Yemeni fishermen

When Dubai-based couple Dacey Calisura and Jethro Friggens found their dream sailboat in Kenya, they were thrilled. The plan was simple – fly to Kenya and ..

Posted on 03/08/2023

FTX Seeks Exclusion of Dubai Unit from US Bankruptcy Proceedings

Troubled crypto exchange FTX plans to remove its Dubai subsidiary from ongoing bankruptcy proceedings in the United States.

Posted on 03/08/2023

Passenger traffic at Abu Dhabi International Airport during first half of 2023 increases by 67% year-on-year

Abu Dhabi International Airport also recorded 67,835 flights, a notable increase of 36% compared to 49,919 flights during H1 2022 Abu Dhabi, UAE: Abu Dhabi International Airport continues its upward …

Posted on 03/08/2023

Air Arabia – Abu Dhabi receives FAOC to fly to Colombo

Air Arabia Abu Dhabi received the Foreign Air Operator Certificate (FAOC)  from the Civil Aviation Authority of Sri Lanka after satisfying the necessary technical and operational requirements. The …

Posted on 03/08/2023

Dubai’s RTA selects banks for taxi and parking IPOs

Dubai’s Roads & Transport Authority (RTA) has selected Citigroup, Bank of America and Emirates NBD Capital to work on the planned initial public offering of the city’s taxi business, in what would be …

Posted on 03/08/2023

Dubai Customs shares excellence experience with Al Ain Municipality

Al Ain City Municipality’s delegates lauded the experience of Dubai Customs and its notable success in leadership positioning and excellence. They stressed their eagerness to benefit from such …

Posted on 03/08/2023

Dubai Launches New AI Pedestrian Crossings

In a high-tech bid to improve traffic safety, Dubai has installed 14 AI-powered pedestrian crossings. Read More: Electric Buses Trialed in Dubai Streets Read More: Dubai Streets Are Being …

Posted on 03/08/2023

UAE: Indian rupee slips further against dirham in early trade

As the market opened on Thursday, the Indian rupee faced further depreciation against the UAE dirham, slipping to around Dh22.47 ($82.7), compared to the r..

Posted on 03/08/2023

Actor held in Sharjah drug bust returns to Mumbai

Actor Chrisann Pereira, who was released by Sharjah authorities after being implicated in a drugs case, has returned to Mumbai, an official said on Thursday.

Posted on 03/08/2023

Dubai start-up LVL Wellbeing raises $10m series A funding led by Multiply Group unit

Dubai start-up LVL Wellbeing has raised $10 million in series A funding round that it will use to grow its services and reach more customers in the GCC, as part of global expansion plans. The …

Posted on 03/08/2023

Why are Iran and the UAE feuding over these Gulf islands?

Iran launched naval drills near strategic islands disputed with UAE after US boosted its military footprint in area …

Posted on 02/08/2023

Saudi Arabia, UAE lead Forbes’ 2023 Arab family business ranking

DUBAI — Saudi Arabia and the United Arab Emirates dominated Forbes Middle East’s Top 100 Arab Family Businesses ranking in 2023 that was released Tuesday, which saw growing shifts in business …

Posted on 02/08/2023

China, UAE to hold first-ever joint military drill, likely a ‘message’ to US: Analysts

Though few details of the exercise are known, analysts said the emirates could be sending a signal to Washington about security “options” in the region.

Posted on 02/08/2023

Visiting Dubai? A step-by-step guide to getting a tax refund on your shopping

Those who visit Dubai for a holiday are able to claim a whopping Dhs35,000 cash back in tax per trip. Since 2018, five percent VAT has been applied to goods and for eating out, hotel stays, petrol …

Posted on 02/08/2023

Mahzooz Draw: Two Indian expats in Dubai win Dh20 million and Dh1 million in prize money

The first winner is Sachin, who originally comes from the city of Mumbai and is currently working as a CAD technician for a private company. 47-year-old Sachin has been living in Dubai for the last 25 …

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