Saudi Acwa Power picks JPMorgan, Citi for IPO: sources

Dubai: Saudi Arabia’s ACWA Power has selected JPMorgan, Citigroup to arrange the initial public offering of its shares, which could raise up to $1 billion, sources said. The two international banks have been selected as global coordinators and a third ... ( read original story ...)

Dubai Internet City entities attract Dh7.8b in funding

Dubai: Members of the Dubai Internet City (DIC) community have collectively attracted Dh7.8 billion in funding since its launch as a technology business hub. Over the last 12 months particularly, several DIC partners have attracted strong investments ... ( read original story ...)

New rules for UAE social media ‘influencers’

The new guidelines apply to news websites, electronic publishing outlets, and on-demand printing, including commercial activities conducted through social media within the UAE, Mansour Al Mansouri, Director General of the National Media Council ... ( read original story ...)

Dubai immigration team visits Kerala, Indonesia

In December last year, the UAE Embassy in India told Gulf News that they would open three more consular offices in India. The new offices in Chandigarh, Chennai and Hyderabad will help Indians in those regions to get UAE visas easily as they can avoid ... ( read original story ...)

Dubai drivers get pleasant surprise from police

Dubai: Ten drivers in Dubai were worried when they were flagged by police despite “following road rules” on Tuesday. Instead of a ticket, however, the drivers received commendation from police for being good and safe drivers. Each driver received the ... ( read original story ...)

UAE now requires licenses for ‘social media influencers’

DUBAI, United Arab Emirates – The United Arab Emirates says it will now require anyone conducting "commercial activities" through social media to register for a government-issued license. The new rules announced Tuesday target so-called "social media ... ( read original story ...)