Thursday , 24 January 2019

Business

Will the next cryptocurrency revolution be green?

If bitcoin were a country, it would be 41st in the world in terms of energy consumption, just behind Chile and Austria Last year’s bitcoin frenzy appears to have run its course. The cryptocurrency’s near-vertical ascent to more than $19,000 was followed by an equally precipitous decline as speculators fled the market as fast as they had joined, leaving ownership …

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UAE fully ready for tech disruptions of the future

The UAE is all set to meet the challenges that disruptive technologies will bring in the coming years, experts at the fifth edition of the Global Innovation Summit said. Jointly hosted by the Department of Economic Development (DED) in Dubai and SPI Greatsands Group, the event celebrated the achievements of several innovators across various sectors including technology, aviation, and healthcare. …

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Dafza starts work on $871mln Dubai e-commerce city

Launched in 2017, Dubai CommerCity is spread over an area of 2.1 million sq ft in Umm Ramool, Dubai Airport Freezone Authority (Dafza) and UAE developer Wasl Asset Management Group said early works have commenced on their ambitious Dh3.2 billion ($871 million) Dubai CommerCity project and the piling and shoring will begin next year. Launched in 2017, Dubai CommerCity is …

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ADIB’s right issue more than five times oversubscribed, investors await Q3 earnings

ADIB announces that it has successfully raised 1 billion dirham through a rights issue Adds comments from analysts and major stock market movements in the Gulf. Abu Dhabi Islamic Bank (ADIB), the largest Shariah-compliant lender in Abu Dhabi raised 1 billion UAE dirhams ($272 million) through a rights issue, and the offer was five times oversubscribed, the bank said in …

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Could Rain from Bahrain be what MENA cryptocurrency traders have been waiting for?

Fledgling cryptocurrency exchange Rain hopes to become the region’s first to achieve full licensure Digital currency exchange Rain is aiming to become the first licensed cryptocurrency exchange in the Gulf Cooperation Council after graduating from Bahrain’s fintech sandbox. The exchange’s founders have been in discussions for two years to try to achieve a stable legal framework for digital currency traders, …

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Dubai: AK Design Implements Best in Class 4 – Day Work Week Program

Dubai– AK Design Architects and Consulting Engineers a leading provider of Architectural and Consulting Engineering services, announced that they are introducing an innovative 4/10 workweek program from Sunday 30th September 2018. This initiative positions AK Design as one of the most forward thinking and progressive companies in Dubai to work for and conduct business with. The principal aims of the …

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10 years of Cityscape: How has Dubai’s real estate sector evolved over the last decade?

Zawya spoke to key players to find out how the market has changed since Cityscape Dubai 2008, when the market and sentiment was very different If Zawya was to travel back in time to Cityscape 2008, it would find an event that seemed to operate in a twilight era in which Dubai’s developers, in particular its booming off-plan property market, …

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UAE Space Agency to unveil investment strategy in October

Total Emirati investments in space sector valued at over $5.98bln so far in 2018 The UAE Space Agency has been preparing a full-fledged strategy to invest in the GCC country’s space sector in cooperation with relevant authorities. The anticipated strategy will be announced next October, according to the local business platform Arabian Business. The strategy aims at reinforcing the contribution …

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Making the case for 5G in region: Which country’s taking the lead?

Did you know that on a 5G network, you can download the latest season of your favorite show in HD in the time it takes to board a plane? When it comes to the next generation of mobile network technology, some telecom executives have become 5G pessimists, having lost their faith in the power of technology to deliver more. A …

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Egypt’s CIB progresses plans to launch digital bank

Bank executive says digital banks are key to bringing around 45 million eligible Egyptians into the formal banking sector One of Egypt’s biggest banks, Commercial International Bank (CIB), is pressing ahead with plans to create a digital bank, in a bid to tap into the huge numbers of the country’s population that remains unbanked and bring them into the formal …

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