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United Arab Emirates

UAE offers Dh12.5b support to Bahrain

The UAE has signed a financial cooperation agreement worth Dh12.5 billion with the government of Bahrain to support the country’s financial stability and stimulate economic growth. The contribution will be managed by the Abu Dhabi Fund for Development (ADFD). The Dh12.5 billion from the UAE is within the framework of …

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Government amends DIFC laws

Dubai His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has enacted the DIFC Regulatory Amendment Law, No. 06 of 2018. The Law, which amends the Regulatory Law of 2004, will come into force on October 29 and, together with …

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Dubai’s Burj Khalifa beams Gandhi’s images

Mahatma Gandhi’s images beamed on Burj Khalifa this evening, marking the commencement of the 150th birth anniversary celebrations of India’s Father of the Nation. The special LED show, jointly organised by the Indian Embassy, Abu Dhabi, Indian Consulate in Dubai and Emaar Properties, took place at 8:20pm and 8:40pm on Tuesday. Gandhi Jayanti …

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World’s first full-scale Hyperloop passenger capsule unveiled

US-based Hyperloop Transportation Technologies (HyperloopTT) on Tuesday unveiled its first full-scale transportation capsule at Puerto de Santa Maria, Spain, which will be ready for passengers in 2019. The 32-metre “Quintero One” passenger capsule will be delivered to HyperloopTT’s research and development centre in Toulouse, France, for additional assembly and integration …

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Enoc Group to strengthen presence in Malta

The Enoc Group signed a Memorandum of Understanding (MOU) with Enemed, the state-owned fuel distributor and supplier in Malta, to strengthen cooperation for capital projects in Malta and other international markets. As part of the agreement, the group will explore growth opportunities in Malta, and potential areas of cooperation between …

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Du opens a new track for growth

Emirates Integrated Telecommunications Company (EITC), the parent company of telecom operator du, has opened a new track for growth that is not in the connectivity business by unveiling an Ideal Hub on Monday. The Dubai-based operator aims to showcase strategic advanced technologies to transform the digital services landscape in the …

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Internal audit needs to go digital

The ongoing era of digital transformation taking place in the region promises profound change and great opportunity, but it also brings new risks and uncertainties. As the business function that evaluates risk management, internal audit could be critical to making an organisation’s digital transformation a success. Equally, unless the function …

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Enoc expands network

The Emirates National Oil Company (Enoc) recently opened five new service stations in Dubai, expanding its network to 122 stations in the UAE. The group is on track to increase its fuel retail presence by 40 per cent by 2020, the company said in a statement. Two of the newly …

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Revealed: UAE expats who send most money

Remittances, which are essentially the money earned abroad and sent home by expatriate workers to their families, are the backbone of some economies outside the Gulf. Remitted funds are mainly used to cover the costs of basic expenses of dependents, including housing, food, education and medical bills. They also boost …

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