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United Arab Emirates

Cybercriminals shift to coinmining as a new revenue source

Cybercriminals are rapidly adding cryptojacking as a new avenue to increase its revenue stream and initiate attacks as the ransomware market becomes overpriced and overcrowded, an industry expert said. Haider Pasha, chief technology officer for emerging markets at Symantec Middle East, told Gulf News that browser-based cryptocurrency mining, also known …

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Hamdan hails Dubai Investment Week

The Fourth edition of Dubai Investment Week will be held from October 7 to 11, 2018, according to the directives of Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council. The event is dedicated to familiarising people with Dubai’s strategic features …

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Sharjah realty boom is taking off

In Sharjah, there is no such thing as difficult market conditions when it comes to selling property. Freehold and long-term leasehold sales have been on the up all through 2017 and developers are just as willing now to keep the supply pipeline humming with new launches. “Since September 2017, there …

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Sharjah established women-only business portal

The Sharjah Business Women Council (SBWC) and the Sharjah Economic Development Department (SEDD) have launched a platform available to women entrepreneurs, aimed at accelerating processes such as applications, permits, visas and licences. This ‘single-window’ service, available exclusively to women, is in line with the directives of Her Highness Jawaher Bint …

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$1m Global Prize winner in Dubai

A UK teacher has won the Global Teacher Prize, worth $1 million (Dh3.67 million), on Sunday night in Dubai. Andria Zafirakou was selected from among 10 international finalists who had flown in for the two-day Global Education and Skills Forum (GESF), held at Atlantis, The Palm, and organised by the …

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Airbnb gains a foothold in the UAE market

Despite a significant delay in its arrival caused by legal uncertainty, Airbnb is finally gaining a foothold in the UAE market, emboldened by regulators who are now keen to promote Airbnb’s offering of apartments and villas to a more youthful, intrepid audience. “Policymakers in the region are increasingly recognising the …

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Ukrainian professor found dead in Ajman hotel room

An Ukrainian environmental expert was found dead in a hotel room in Ajman after attending a global conference. The expert, identified as Sergiy N. Lavrynenko, professor at National Technical University in Ukraine, came to the UAE to participate in the fifth Ajman International Environment Conference (AIEC 2018), which was organised …

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Fiscal reforms, geopolitics to pressure GCC corporate profits

The GCC’s non-financial corporate sector is expected to face pressure on profitability resulting from fiscal consolidation efforts in the current year and the next, according to ratings agency Moody’s. “GGC governments have done fairly well in balancing reform implementation while preventing any systemic shock to the corporate sector. However, fiscal …

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Soon: Wire money to Dubai jail inmates

Transferring money to inmates and electronic payments at airports for travellers who have debts or are wanted in financial cases will be among new services provided through Dubai Police’s website in the near future. The electronic services will include bounced cheque complaints, death certificate services and a new payment option …

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