ABU DHABI / WAM Computer and telecommunication capital inflows to the country grew by 2.5 percent to AED13.1 billion during 2016, as per UAE Central Bank statistics. According to the UAE Balance of Payment service data, the computer and telecommunications sectors’ combined credit side hit AED20.9 billion, accounting for 1.5 percent of the 2016 GDP, while their debit reached AED7.8 ...

BERLIN / Reuters Emaar Malls will buy a 51 percent stake in e-commerce fashion website Namshi from Global Fashion Group, a firm backed by Rocket Internet , for $151 million, a sign of growing demand for tech deals in the Middle East. The acquisition comes two months after Amazon agreed to buy Souq.com, showing how the Gulf region is embracing ...

Astana / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Kairat Abdrakhmanov, Minister of Foreign Affairs of the Republic of Kazakhstan, signed a protocol on Tuesday amending the agreement of mutual exemption of pre-visa requirement for holders of diplomatic and special passports to also include holders of ordinary passports. The UAE ...