Monday , 22 January 2018

Tag Archives: UAE

UAE central bank to set up cybersecurity department for financial institutions – governor

By Nada Al Rifai UAE central bank governor said a minimum set of standards for cybersecurity controls will be established in coordination with the National Electronic Security Authority The central bank of the United Arab Emirates has taken a set of decisions to mitigate cyber-risks that are likely to increase with the digitalisation of financial services, its governor said today. …

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GCC countries adopt draft UAE regulations for electric vehicles

GCC Standardization Organization, is currently preparing the draft of GCC regulations according to the UAE project. ABU DHABI- GCC countries have adopted the UAE’s draft regulations on the use of electric vehicles, thanks to their positive features which take into account safety requirements, overall performance of electric vehicles, and their adaptation to weather conditions in the region. Abdulla Al Maeeni, …

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UAE ready to become world’s future capital: Sheikh Mohammed

The future is easy to forecast when countries embrace data and technological advances and use them for development, Sheikh Mohammed said The UAE has what it takes to become the world’s future capital, said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. “It has kept pace with technology and …

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UAE economic growth to stay resilient

Non-oil growth in the UAE will remain resilient in 2017 while in the medium term, while economic activity will strengthen on the back of firmer oil prices and a rebound in global trade, the World Bank said on Thursday. While an Opec-mandated oil production cut restricts oil growth, firmer oil prices, a rebound in global trade and easing of fiscal …

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Saudi Arabia, UAE salary increases highest in GCC

Saudi Arabia, followed by Kuwait and the UAE continue to lead the region in salary increases in 2017, according to a new survey. The GCC-wide survey of 600 multi-national companies and locally-owned conglomerates by Aon, also showed that Saudi Arabia and Kuwait have the highest salary increase projections for 2018, at an optimistic 4.5 per cent. The data showed that, …

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Nineteen UAE listed banks posted $5.17bln in H1 net profit

A total of 19 listed banks reported H1 net profit of around AED19 billion, a 3.8 percent growth from around AED18.3 billion during the corresponding period last year. Matching previous expectations, the gains reflect the banking sector’s resilience and ability to cope with the fast-paced, multifaceted developments witnessed by the national economy which in its turn has maintained decent growth …

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Abu Dhabi Global Market, UAE Exchange join forces to enhance FinTech ecosystem

Abu Dhabi Global Market, ADGM, and UAE Exchange have entered into partnership, to support, develop and promote the FinTech ecosystem in Abu Dhabi and the UAE. An MoU was signed by Promoth Manghat, Chief Executive Officer of UAE Exchange Group, and Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority, FSRA, of ADGM. The partnership will see UAE …

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Job openings: Apple in UAE is hiring new staff

Apple has just announced new vacancies for UAE jobseekers looking to pursue a career with the multi-million dollar company.The American tech giant, which sells hundreds of millions of smartphones, tablets, laptops and other gadgets in more than 150 countries including the UAE, has posted on its career site this month’s employment openings for at least 16 roles. The latest round …

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UAE startup Yalla Pickup gets $270,000 in from The Box

‘Yalla Pickup’, a mobile application and web-based solution to order pickup trucks to move large consignments, has received a fresh lease of AED1 million in funding from its strategic partner ‘The Box’, provider of self-storage and transportation of goods services in the UAE. Catering to both businesses and individual customers, Yalla Pickup allows a smartphone, Android or iOS, or web …

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Adnoc decision ensures UAE’s ability to diversify economy

The decision of the Abu Dhabi National Oil Company to both expand and possibly offer an IPO on minority stakes in some of its service sectors is a move that will boost the country’s economy and help ensure access to the world’s fastest growing markets. Such a move was inevitable as the Shale Revolution and resulting falling oil prices have …

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