Tuesday , 18 September 2018
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Tag Archives: Dubai

New $250 million Dubai tech fund to target 15 investments

The new $250 million technology investment fund launched on Wednesday by Middle East Venture Partners (MEVP) will invest in about 15 companies, including a number of its existing portfolio companies, CEO Walid Hanna has said. Speaking to Zawya on the sidelines of the launch in Dubai, Hanna said he was “absolutely confident” of being able to source enough investible businesses. …

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Plans moving forward for the European Union’s ‘House of Europe’ in Dubai

Plans to build a commercial property in Dubai for the European Union (EU) are currently underway with a construction tender expected next year, the project’s developer, Kleindienst Group, has said. The venture, currently awaiting building permission, is designed to be a ‘wood-only’ high-rise in the United Arab Emirates (UAE). Thomson Reuters Projects reported in July last year that Dubai-based developer …

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Education financing in Dubai & Abu Dhabi

Financing of educational institutions (i.e. schools, kindergarten and to a certain extent universities) is on the rise in the UAE. Foreign educational institutions (e.g. schools, kindergarten and universities) either explore local bank funding (i.e. UAE banks) or seek the assistance of their home county banks or financial institutions to fund either establishment or expansion of such educational institutions in the …

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Dubai and Siemens agree to develop 3D printing for metro parts

Dubai’s Roads and Transport Authority (RTA) has signed an agreement with Siemens to help develop its ability to produce spare parts for the Dubai Metro using 3D printing technology. A statement by the RTA said the agreement “enhance RTA’s already applied 3D printing initiative”, as well as extending the sourcing, availability and reliability of spare parts for the metro. The …

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Dubai developer Nakheel targets growth in recurring revenue

Property developer Nakheel wants recurring income to increase to more than 50 percent of all revenue by 2021 as it opens more shopping malls in Dubai, its chairman told Reuters. Nakheel, the developer of the palm shaped islands in the emirate, expects leasable retail space to more than triple to 17 million square feet in the next three to five …

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Arabtec Construction awarded main contract to build UAE Pavilion at Expo 2020 Dubai

The National Media Council, the government entity responsible for building and operating the UAE Pavilion at Expo 2020 Dubai, has announced that Arabtec Construction, a wholly owned subsidiary of Arabtec Holding, has been awarded the main contract to build the national pavilion. Arabtec Construction squared off against three local and international companies in the final round with nine companies bidding …

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Going solar saves Dubai firms 15-20% on energy bills

Dubai: Three factors are working against greater uptake of solar power generation among UAE businesses, says Jeremy Crane, CEO of alternative energy consultancy Yellow Door. Cost isn’t one of them. Crane estimates going solar saves Dubai firms 15-20 per cent on energy bills. In an interview at Yellow Door’s offices in Jumeirah Lake Towers, just hours before US President Donald …

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Dubai’s Emirates considers introducing augmented reality aboard

As part of its plans to further revolutionise its services, boost its competitiveness and survive the headwinds besetting the aviation industry, the Emirates Airlines is reportedly studying ways to equip staff with augmented reality glasses that display a passenger’s name and travel habits! “We could enhance customer service tremendously,” said Christopher Mueller, Emirates’ Chief Digital and Innovation Officer in statements …

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Now, smartphone is your passport in Dubai

Dubai: Passengers departing from Dubai International Airport can now use their smart phones at the smart gates instead of their passports as part of a new service called Smart UAE Wallet. Lt General Dahi Khalfan Tamim, deputy chairman of police and public security in Dubai and Major-General Mohammad Ahmad Al Merri, director-general of the General Directorate of Residency and Foreigners …

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2017 will be a year for reshaping the way we do business, according to ‘The 2017 Economic Outlook’ discussion at Capital Club Dubai

The event, led by experts in their respective fields, highlighted key growth areas as well as challenges for the year ahead ‘The 2017 Economic Outlook’ discussion recently hosted at Capital Club, Dubai’s Premier Private City Club and member of the ENSHAA group of companies, offered Members key insights into what to expect in the coming year regarding the region’s economy. …

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