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The offering size is confirmed at 550,729,221 ordinary shares, equivalent to 11 per cent of the company’s total issued share capital
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Airlines in the country have clarified the guidelines passengers have to follow while on board and according to the destinations
Stocks jump 12.7 per cent before trading comes to halt
More than 3,000 businesses are registered with Sterve and more than $6 million worth of transactions are completed over the platform.
The UAE national Rashid Saeed Al Shehhi, won the grand prize which is in cash, an amount of Dh570,000. Shehab Ahmed Hussein, another UAE national won the second prize of D70,000, while Hamad Ahmed Al Yamahi won the third prize of Dh20,000.
Traders said that a stronger dollar was the main reason for the slightly easier prices, as it reduced demand from buyers using other currencies
NASA-Roscosmos cooperation has been tested as never before since Russia-Ukraine crisis started in February
The Tesla CEO had been locked in a legal battle after he became reluctant to go forward with the buyout for reasons such as the tech giant's problem with bots
Arabian Ranches, Dubai Hills Estate, Downtown Dubai, and Dubai Marina have remained the preferred choices among high-net-worth investors
The market is one of the most prominent destinations for traders, shoppers and enthusiasts of everything related to the world of cars
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Committed to evolve
Khaled Arafa, general manager, Goodyear Tyre and Rubber Company's Middle East and Africa cluster, speaks about his leadership experience and the brand's innovative journey.
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Under the agreement, NWTN’s operations initially will have an annual capacity of 5,000 to 10,0000 units of semi knocked down electric vehicles
It will serve growing demand for environmentally-friendly cars
The new model will be available with a three-litre, six-cylinder internal combustion engine, in two versions capable of 490 and 500 horse powers
The call-back covers some 2017-2022 Model 3, 2020-2021 Model Y, and 2021-2022 Model S and Model X vehicles
The UAE EV market is estimated to grow at a CAGR of 30 per cent between 2022 and 2028
American Insurance Crime Bureau says owners can help prevent theft by rolling up windows, locking doors, and taking their fob with them
These 15 choppers were purchased at a cost of Rs38.87 billion, along with infrastructure sanctions worth Rs3.77 billion
Civil Aviation Authority revises travel advisory as coronavirus cases drop drastically
Indian carrier's latest route to launch on October 1
The new aircraft requires further licence to begin mass production
NASA-Roscosmos cooperation has been tested as never before since Russia-Ukraine crisis started in February
Airlines in the country have clarified the guidelines passengers have to follow while on board and according to the destinations
They will be operated four times a week this month and six times a week in November
The aircraft manufacturer faces a December deadline to win approval for the this model, as well as another 737 variant, the Max 7
The service will operate thrice a week; tickets are already on sale on the ultra-low-fare national airline's website and mobile app
Since Tuesday, more than 5,000 flights through Friday have been cancelled across various airports, especially those in Florida
With the latest increase, the repo rate — the short term lending rate at which banks borrow from the central bank — is now close to 6 per cent
The rising trade deficit, depleting forex reserves, and the latest monetary policy tightening by the US Fed are some factors responsible for the downturn
The greenback's gains against the British currency have been the most dramatic so far, as compared to the euro and the yen
Officials in several countries — including the United States, Britain, Switzerland and Sweden — unveiled more increases in the cost of borrowing
According to the bank’s recent statistics, its month-on-month balance sheet rose by 0.84% or Dh4.13 billion in July
The sterling rose as far as $1.128, its highest in 10 days, while FTSE futures hinted at a strong recovery
Majority of the UAE’s 652,885 private sector companies remain under-prepared for corporate tax that comes into effect in June 2023
The transfer pricing guidelines require that the countries should adopt a three-tiered standardised approach to transfer pricing documentation
In the OECD guidelines, five TP methods have been proposed to assess the arm-length price, which can be categorised into traditional transaction methods, and transactional profit methods
Analysts from British bank Barclays estimate that the cost of the government's total package could hit £235 billion ($267 billion)
Borouge says its net income increased 2.5 per cent to $853 million; Multiply Group declares Dh462 million in net profit; Response Plus Holding posts a net profit of Dh20.6 million
The experts at the Play Lab are on the cutting edge of early childhood development and learning, including play, educational, and parenting trends
Last December Mimecast announced its intention to be acquired by Permira, a global private equity firm focused on transformational growth at scale, for $5.8 billion
The partnership builds on Mastercard’s commitment to creating meaningful connections with consumers by tapping into their passions
The growth in the profit by Dh62.01 million attributed to the continued strong performance of the group’s manufacturing, contracting and services segment
Abu Dhabi conglomerate is aiming for publicly-listed companies in growth markets
The ADX-listed company said it secured all regulatory approvals and reduced its share capital to Dh1.435 billion from Dh2.325 billion to absorb all the accumulated losses
Free cash flow increased to $789 million in second quarter of 2022 from $328 million in the corresponding quarter last year, supporting a first half dividend of $750 million, above previous guidance of at least $700 million
The inaugural edition of the World Corporate Summit is an exclusive invitation-only event organised with a mission of enabling collaborative dialogue to enable a new era of global economic growth in a post-pandemic world
Online platforms may impact up to 40% of Mena retail spend and serve more than 20 million micro, small and medium-size enterprises
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5 Top Crypto Presales That Could Net 100x Returns
Crypto presales are a great way to beat the bear market as lots of projects sell their tokens at prices way below their eventual value in a bid to kick start funding and so they can move along the projected roadmap.
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Lucky block expected to surge following gate listing
Dubai
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Country ranks 10th globally in terms of investments in virtual currency
Financial Stability Oversight Council report calls for giving agencies greater regulatory power over cryptocurrencies and digital assets
Reality TV star failed to disclose that she was paid to publish a post on her Instagram account about EMAX tokens
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Fully gold-powered token to serve Islamic investors
ComTech Gold becomes the first in the Mena region to get Shariah compliance certificate
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Coinweb and its group company Onramp, already have 7 digital asset consents and licenses.
These measures are meant to reduce consumer risk
Bitcoin and ethereum, the two largest cryptos, are still sitting nearly 50 per cent below their all-time highs in November 2021
UK economy likely shrink in third quarter, says British central bank
US central bank will "keep at it until the job is done", he says
The central bank had already raised policy rates 4 times in 2022 in a move aimed at limiting the fallout of inflation, which reached unprecedented levels
This was the lowest sales level since November 2015
The government's intention to pay for the tax cuts with billions more in extra borrowing had sent the pound tumbling
Report says 46 developing countries are severely exposed to multiple economic shocks and another 48 are seriously exposed
Pressure piles on finance minister Kwasi Kwarteng to reassess his policy, which unleashed turmoil in financial market
Revealed: Top roles that companies will hire for in next few months
Economists expecting a third straight three-quarter point rate hike
Following stronger-than-expected inflation data, the US Federal Reserve will raise the Fed Funds target rate by 75bp
This is the third consecutive month prices have dropped
Costs have been slashed by up to 38 fils per litre
Here's how much it will cost to tank up your car this month
The country has slashed them for two consecutive months after fears of a recession led to a drop in energy prices
Traders said that a stronger dollar was the main reason for the slightly easier prices, as it reduced demand from buyers using other currencies
Taxi tariff is linked to the fuel prices announced at the end of every month by a UAE committee
The sterling rose as far as $1.128, its highest in 10 days, while FTSE futures hinted at a strong recovery
A committee has been set up to review fuel prices in the country every month, there have been three months of consecutive reductions in prices
The dollar index rose again on Thursday, dampening investor risk appetite and stoking recession fears
The Danish and Swedish governments believe that the four leaks off their countries, which followed unexplained explosions, were 'deliberate actions'
RTA plans to expand the tracks to include specific residential areas and 23 new districts in phase II
Project will see passengers zipping from Abu Dhabi to Dubai within 50 minutes
By 2030, the number of passengers is expected to reach more than 36.5 million annually
It will connect 11 cities and regions in the country
Upon completing the entire project by 2025 as a strategic reserve, it’ll be able to store up to 6,000 million imperial gallons of water
Project is part of ongoing efforts to boost Dubai’s economy and enhance the efficiency of the logistics sector
It will be ready by March 2023 and will pass through Delhi, Haryana, Rajasthan, MP, Gujarat and Maharashtra
Txai is operated with the highest safety and security standards, including cameras and sensors
RTA completes 50% construction on Ras Al Khor- Dubai-Al Ain road
12-seater shuttle will transport students, staff around the Sas Al Nakhl Campus
Spot gold was up 0.3 per cent at $1,665.29 per ounce
After infusing funds in the last two months, foreign investors turned sellers again in September and pulled out Rs76 billion from equity markets
With the latest increase, the repo rate — the short term lending rate at which banks borrow from the central bank — is now close to 6 per cent
Worries about recession, rising bond yields puts squeeze on markets
The offering size is confirmed at 550,729,221 ordinary shares, equivalent to 11 per cent of the company’s total issued share capital
Stocks jump 12.7 per cent before trading comes to halt
More than 10,000 investors have been trained by Paul Wallace and Malte Kaub throughout their careers.
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The sterling rose as far as $1.128, its highest in 10 days, while FTSE futures hinted at a strong recovery
The dollar index rose again on Thursday, dampening investor risk appetite and stoking recession fears
Due to high market volatility in the country, the Bank of England stepped in on Wednesday to buy government bonds and prevent a "material risk" to stability
More details about procedure for new rule, documents required announced
Landlord and tenant may agree to the number of tranches and amount of each for rent payment
A guide to completing the registration process through the Dubai REST app
Registration can be done through the Dubai REST app
The 8-bedroom ultra-luxury property, Casa Del Sole, has been built over four levels – basement, ground, first and second floor – on a plot of 28,000 sqft
Easing pandemic-related restrictions to benefit property, tourism, aviation and other sectors; Real estate transactions exceed Dh180 billion in first nine months of 2022
Property's amenities include a floating cinema over a water body, doctor on call, kids daycare and an electric car charging point
Rising rates will have no major impact on the emirate's property sector as mortgage transactions represent only a quarter of overall home sales
Powered by Crescent Enterprises and in collaboration with Emirates Schools Establishment & Sharjah Youth Council, the three-day intensive bootcamp will be held in the recently opened Khorfakkan University
The series ‘B’ funding would support the Saudi-based startup to expand into new markets, and introduce new services and products. It did not specify which markets
Dash Venture Labs offers an in-depth information about startup cycle and types of funding available, including governments grants and similar offerings from other financial institutions
Their e-commerce store has 34 categories and over 2,000 subcategories that deals with major brands
The 100 per cent cloud-based, infinitely scalable start-up's concept has struck a big chord in the UAE and the wider region
The startup is betting big on the UAE because it is one of the world’s most connected countries
The country contributes to 25-30 per cent of the overall revenue, says CEO
The metaverse is considered the next evolution of the internet where people collaborate digitally, perform secure, authenticated digital transactions, and use cryptocurrencies for payments through Web3.0 applications.
Emirates continues to reign as the top-funded and most transacted market in Mena accounting for 50 per cent of all the investment accumulated by the region
Accel funded Produze will serve multiple agri produce categories globally serving a $143 billion market
The company's near-term roadmap includes opening an investment round to accelerate global growth
Latest move enables the 5G evolution and next generation of devices and technologies
Board approves interim dividend of 40 fils per share for H1 2022
Narendra Modi’s government plans to roll out 5G networks offering up to 10 times the speed of 4G to its 1.4 billion population before the end of the year
Residents urged not to respond to any 'important and urgent' message links
With over 425 million users, Jio's mission with 5G is to speed up India's transformation into a Digital Society
New business proposition includes special digital benefits
Partnership enables 160 million consumers to send and receive money globally
Thukher’ and ‘Barakatna’ cardholders to avail discount on selected ‘Freedom’ postpaid plans
New service enables customers to link their postpaid mobile phone number to a short number #TAG
Emirates Auction, etisalat by e& launch first auction for short mobile phone numbers
The global top 5 ranking is led by UAE with 97 per cent, followed by Singapore (95.8 per cent), China (94.9 per cent), South Korea (91.1 per cent) and Hong Kong(86.2 per cent)
There is some debate that gaming can become a true addiction, but according to the World Health Organisation, ‘gaming disorder’ can ‘result in significant impairment in personal, family, social, educational, occupational or other important areas of functioning’
A smartphone that is made for longevity can be a real thing. Too bad that’s not how most of them are designed
Researchers not impressed with performance of Optimus humanoid robot prototype
Major telecom operators showcased technology's potential, including drone-based farming, autonomous ambulances and cyber threat detection
The Tesla CEO had been locked in a legal battle after he became reluctant to go forward with the buyout for reasons such as the tech giant's problem with bots
Stocks jump 12.7 per cent before trading comes to halt
The tech giant has been manufacturing iPhones in India, the second biggest smartphone market in the world, since 2017
The Tesla billionaire's reputation for dismissing government pronouncements has some worried that he might flout an unfavourable ruling
The platform will be introducing a new immersive media viewer which will play videos in a new full-screen view
It will be named Optimus, an allusion to the powerful and benevolent leader of the Autobots in the Transformers media franchise
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EROS partners with Tabby to offer flexible payment options
Customers can opt for BNPL, especially for larger purchases like home appliances
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It depreciated by 11 paise to 79.93 against the US dollar
One dollar was worth 57.13 pesos on Tuesday
The dollar index rose 0.28 per cent to 109
It depreciated four paise to 79.87 versus the US dollar
It opened at 79.70 against the dollar, then touched 79.64 against the American currency, registering a gain of 14 paise over its previous close
Firm American currency and concerns about the hawkish US Fed offset the support from positive Indian equities
The currency depreciated by 10 paise to 79.67 against the US dollar
It appreciated 27 paise to 79.68 against the US dollar
The currency dives to its lowest level in 20 years
It depreciated 23 paise to 79.68 against the US dollar
It appreciated 44 paise to 79.30 against the US dollar