Steen Jakobsen, director, Dubai Business Events, said: “Dubai’s business events industry has undoubtedly grown over the past decade, and we are very proud that the city is being regarded as one of the top 10 international meetings destinations by UIA …
( read original story …)
UAE Central Bank announces raise of interest rates applied to Certificates of Deposits issuance
The Central Bank of the UAE has announced that as of Thursday, June 15, 2017, it will raise interest rates applied to the issuance of its Certificates of Deposits in line with the increase in interest rates on the US Dollar, following the Federal Reserve …
( read original story …)
Dubai’s Emirates fined and barred from route expansion in China
China has fined Dubai carrier Emirates $4,270 and barred it from expanding its operations in the country for six months for violating air safety rules. The move is related to two incidents on April 17 and May 18 and comes amid a crackdown by the Civil …
( read original story …)
Dubai’s Emirates considers equipping staff with AR goggles to improve service
Dubai carrier Emirates is reportedly considering new initiatives including equipping staff with augmented reality goggles or glasses to provide more personalised service. Bloomberg cited Emirates chief digital officer Christoph Mueller as confirming that …
( read original story …)
Dh31 million Emirates Hills villa in Dubai comes with an aquarium
The weaker property market that Dubai has experienced over the past couple of years may not have worked in everyone’s favour. But for those in the market for the most exclusive homes, it does mean there are some very good deals to take advantage of.
( read original story …)
UAE banks boost lending, revenues
said in its UAE Banking Pulse report. The increase in lending between the first quarter of 2017 and the final quarter of 2016 came after these banks’ loan books fell 0.13 per cent between third and fourth quarter of 2016, signalling the end of a period …
( read original story …)
Daimler Invests in Dubai Ride-Hailing Firm Careem’s Latest Funding Round
Dubai-based ride-hailing firm Careem will step up expansion … Participants also included venture capital firm DCM Ventures and hedge fund Coatue Management. Sheikha said Careem could speed up existing plans to expand its number of registered drivers …
( read original story …)
Qatar National Bank sees no big deposit outflows
DUBAI, June 14 (Reuters) – Qatar National Bank (QNB), the largest bank in the Middle East and Africa, has seen no significant outflows of deposits since a diplomatic rift started between Qatar and certain other Arab countries, it said on Wednesday.
( read original story …)
One wounded in missile attack on UAE ship off Yemen, SPA reports
the UAE news agency WAM reported on Thursday. WAM quoted a statement from the UAE armed forces as saying that the ship came under attack opposite the Yemeni port of al-Mokha. The statement warned that the UAE would pursue those behind the attack.
( read original story …)
Retiring in the UAE: A guide on how to live and work here past the retirement age
These include: Business investment visas A foreign national is eligible for an investor visa in the UAE if they incorporate their own business or invest in one; this allows retirees to either relax in their golden years or continue working during retirement.
( read original story …)
Philippine Airlines reintroduces business class on flights to Dubai
Philippine Airlines (PAL) has relaunched its business class service on flights to Dubai after a 50 per cent jump in passenger traffic to the UAE in the three months to the end of June. PAL took over the Manila to Dubai route from its low-cost cousin, PAL …
( read original story …)
UAE says ‘no military component’ to actions against Qatar
The United Arab Emirates’ ambassador to the United States said on Tuesday there was no military aspect to steps taken by Arab powers against Qatar, which they accuse of supporting terrorism, but that further economic pressure could be applied.
( read original story …)
UAE sees surge in demand for IT security talents
A study of the UAE’s IT job market shows that demand for information security … is the importance of investing in a sound risk management framework that involves technology change management as well as updated software – all of which could have prevented …
( read original story …)
BAE Systems ‘sold powerful spy technology to repressive regimes’ across Middle East
Freedom of Information requests by the BBC found technology exports to Saudi Arabia, the UAE, Qatar, Oman, Morocco and Algeria. The sales are legal, however human rights campaigners have questioned the ethics behind a UK firm enabling mass spying on a …
( read original story …)
Emirates Islamic integrates blockchain technology into cheques
UAE-based banking institution Emirates Islamic announced that it is the first Islamic financial institution to have introduced blockchain technology into its cheques, as a measure to prevent frauds. Emirates Islamic has named this initiative as ‘Cheque …
( read original story …)
Dubai Airports to have world’s first ‘gate-less border’
Dubai Airports, the operator of the world’s busiest airport, will test a new facial recognition technology this year that will eliminate long queues at its flagship, Dubai International Airport (DXB). DXB, which handled 83.6 million passengers last year …
( read original story …)
Saudi coalition says Yemen rebels fired missile at UAE ship
A Saudi-led coalition says rebels in Yemen have fired a missile at an Emirati ship, causing no damage but wounding one sailor. A statement early Thursday carried by the state-run Saudi Press Agency said rebels fired on the ship as it left Mokha, a …
( read original story …)