Arab house acquires 51.38 carat Dynasty diamond
DUBAI 10 August 2018: The Mouawad Group has acquired the 51.38 carat Dynasty diamond, the largest and purest diamond in a collection of five stones offered for sale by Alrosa – a world leader in […]
Business
Artificial Intelligence: Is the honeymoon over?
DUBAI August 10 2018: Last year, Forrester noted that, “The honeymoon for enterprises naively celebrating the cure-all promises of artificial intelligence (AI) technologies is over: …AI and all other new technologies like big data and cloud […]
How many millions used Dubai Metro in first half of 2018
DUBAI 9 August 2018: During the first half of this year, the Dubai Metro Red and Green Lines have lifted 103.29 million riders, compared with 100.55 million riders lifted during the same period last year. The […]
DP World acquires leading logistics firm in Europe
DUBAI 8 August 2018: Global trade enabler, DP World announced the signing of the acquisition of 100% of the Unifeeder Group (Unifeeder) for €660 million from Nordic Capital Fund VIII and certain minority shareholders. Based […]
Stimulus: No ‘delay’ fines for chamber businesses
ABU DHABI 7 August 2018: The Abu Dhabi Chamber of Commerce and Industry issued a resolution to exempt private sector companies and institutions in Abu Dhabi from all fines that are due to delayed membership […]
Where are new markets coming up in Abu Dhabi?
ABU DHABI 7 August 2018: Saif Badr Al Qubaisi, General Manager of Abu Dhabi City Municipality, has signed two agreements with property developers. The first relates to constructing a community market in Mohammed bin Zayed […]
Yahsat acquires global satellite phone operator Thuraya
ABU DHABI 6 August 2018: Yahsat, a global satellite operator based in the UAE and wholly owned by Mubadala Investment Company, has completed the acquisition of a majority and controlling stake in the mobile satellite […]
Dubai passengers first to experience in-flight VR
DUBAI 6 August 2018: Lufthansa passengers flying from Frankfurt to Dubai on flight LH630 were the first to experience the airline’s new prototype ‘VR Moving Map’, while on board the Airbus A330. Passengers wearing special VR […]
Doraleh ruling is binding on Djibouti: DP World
DUBAI 5 August 2018: A statement by the Government of Djibouti states that it does not acknowledge the decision of the London Court of International Arbitration demonstrates that Djibouti does not recognise the international rule […]
Dubai seizes Schon’s assets – properties, lands, account
DUBAI 3 August 2018: The Dubai Land Department (DLD) has issued a decision to seize the properties and land plots registered to Schon Properties and its funds deposited in Escrow account until the Dubai Public Prosecution […]