FinTech Hive accelerator programme launched at DIFC

DUBAI / WAM Tech-focused entrepreneurs, start-ups, SMEs and leaders are now able to give full vent to their potential at FinTech Hive at DIFC, the first-of-its-kind accelerator in the region, which announced on Monday the commencement of its inaugural accelerator programme. The initiative features 11 finalists and brings together an emerging generation of technology leaders and entrepreneurs to address the ...

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Sheikh Zayed Housing Programme inks deals worth AED1 billion

DUBAI / WAM Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Board of Directors of the Sheikh Zayed HousingProgramme, has signed two contracts on the construction and maintenance of the Al Montazi Residential Complex in the Mohamed bin Zayed Region of Ajman, valued at around AED1 billion, with the China State Construction Engineering ...

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UAE Space Agency, Ministry of Climate Change discuss ties

ABU DHABI / WAM The UAE Space Agency has discussed means of joint cooperation with the Ministry of Climate Change and Environment during a meeting between high-level Space Agency delegates and the Minister of Climate Change and Environment. Discussions included the possibility of providing data on local and international environmental issues as well as exchanging knowledge and expertise in relevant ...

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DLD honours first generation realty brokers

Dubai / WAM Dubai Land Department (DLD) held a ceremony in honour of the first generation of real estate brokers who were the earliest supporters of the emirate’s property market and have played a fundamental role in boosting activity in this sector. Sultan Butti bin Mejren, Director-General of DLD, was present at the event organised by the Real Estate licensing ...

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DAFZA issues guide on halal industry

DUBAI / Emirates Business The Dubai Airport Freezone Authority (DAFZA) recently issued a comprehensive halal industries guide as part of its initiatives to contribute to Dubai’s vision of becoming the capital of the Islamic economy for 2017-2021. The first-of-its-kind guide titled ‘Dubai: The Global Gateway to Halal Industries’ describes Halal products in different sectors, highlighting several investment opportunities for foreign ...

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84% satisfaction rate with UAE government portal

ABU DHABI / WAM The m-Government – Telecommunications Regulatory Authority (TRA) announced that 1,800 persons participated in the evaluation of the official portal of the UAE government, Government .ae, during July 2017, with a result showing 84 percent satisfaction with the quality of the portal’s content, while 16% percent said they were dissatisfied with the content, and provided some comments ...

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Clash over Brexit timetable as UK publishes more policy papers

­­­­­­­­­­­Bloomberg Britain and the European Union are at odds over how soon the Brexit talks can pivot towards a trade deal as Theresa May’s government seeks to turn on the pressure by disclosing more policy details. The UK government will publish five papers this week, with two dropping on Monday. The one that examined the treatment of goods said that ...

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US slashes visa after Russia ‘cuts staff’

Bloomberg The US said it’s slashing visa services in Russia after the Kremlin ordered it to cut two-thirds of staff at its embassy and consulates as relations between the former Cold War rivals spiraled. All non-immigrant visa operations will be halted from Aug. 23 and will resume “on a greatly reduced scale” from Sept. 1, with applicant interviews conducted solely ...

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Citigroup’s Japan HQ, staff to shift

Bloomberg Citigroup Inc. will move its Japan headquarters and about 1,200 employees to a new building in Tokyo by the end of the third quarter, according to people familiar with the matter. The New York-based firm will officially move the location of its main Japan office to the Otemachi Park Building from the Shin-Marunouchi Building on August 28, said the ...

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Advertisers rip a page from Wall Street playbook to curb fraud

Bloomberg An online advertisement for Lancome lipstick or a Lamborghini might not appear to have anything to do with the technology guts of modern financial markets. But with fraud rampant, some of Wall Street’s hottest buzzwords are being uttered on Madison Avenue. About a fifth of digital ad spending—an estimated $16 billion this year—will wind up in the pockets of ...

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