Dubai electronics market to grow US$3 billion by 2020

  Dubai / WAM Dubai consumer electronics market size is forecast to grow at 4.7 percent over the next 4 years to exceed US$3 billion by 2020, according to a recent analysis of Dubai Chamber of Commerce and Industry, released on the occasion of chamber’s participation in the GITEX Technology Week, 2016. According to analysis based on the latest UAE retail ...

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Al Tayer highlights key e-government initiatives

  Dubai / WAM Obaid Humaid Al Tayer, Minister of State for Financial Affairs, has said that the Ministry of Finance has developed a number of leading e-systems to raise levels of effectiveness and efficiency of services, as part of its commitment to strengthen and support innovation, as well as benefit from IT applications. Highlighting key initiatives taken by the government ...

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MoF launches eDebit and eDirect services

  Dubai / WAM The Ministry of Finance (MoF), in partnership with National Bank of Abu Dhabi (NBAD), launched eDebit and eDirect services on the eve of GITEX Technology Week 2016, which opened at the Dubai World Trade Centre on Sunday. The eDebit service, launched for the first time in the UAE, allows payment of service fees and purchases through direct ...

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Marasi Business Bay Promenade opens in Nov

  Dubai / Emirates Business Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager known for renowned destinations across the Emirate, has announced that the iconic Marasi Business Bay Promenade is scheduled to be opened in November, coinciding with the opening of the Dubai Water Canal being built by the Roads & Transport Authority (RTA). More ...

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du to deliver ADIB’s opex-driven co-location services in UAE

  DUBAI / Emirates Business UAE-based telecommunications service provider -‘du’, has been selected by Abu Dhabi Islamic Bank (ADIB) to deliver opex-driven co-location services in the UAE. ADIB benefits from world-class data centre infrastructure that is ready to support its business with maximum reliability and availability. ADIB will be able to grow and develop its operations with a foundation in ...

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Dubai RTA expands Nol card top up options

  DUBAI / Emirates Business The Dubai Roads and Transport Authority (RTA) and UAE-based digital payments provider Trriple are opening up more channels for customers to top up their Nol Cards. Customers will be able to top up at over 20,000 UAE merchants through the Trriple mWallet app network. “Being able to top up Nol Cards through additional neighborhood merchants ...

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Dubai reaches 100,000 rooms milestone

  DUBAI / Emirates Business Key players in Dubai’s tourism industry came together to mark the city’s milestone achievement of reaching 100,000 rooms across its expanding hotel and hotel apartment inventory following the soft opening of The Westin Dubai, Al Habtoor City. In attendance were His Excellency Helal Saeed Almarri, Director General of Dubai’s Department of Tourism and Commerce Marketing ...

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Markets fall across region, NCB earnings hit Saudi

  Dubai / Reuters The performance of banking shares weighed on Saudi Arabia’s market index on Sunday after the largest listed bank reported profits below analysts’ expectations, while indexes for other markets in the region also fell. Riyadh’s index fell 1.1 percent as National Commercial Bank (NCB) tumbled 5.6 percent after reporting a third-quarter net profit of 1.96 billion riyals ...

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Accounting shake-up presents challenge for Saudi companies

  Dubai / Reuters Saudi Arabian companies already grappling with the effects of low oil prices and government austerity measures face a fresh challenge from new accounting standards that could provide windfall gains for some but saddle others with higher charges. As part of efforts to bring the Saudi stock market into the global investing mainstream, the Capital Market Authority ...

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Xi warns of globalisation backlash at BRICS summit

  Benaulim / AFP Chinese President Xi Jinping said on Sunday a rising tide of protectionism and anti-globalisation was endangering the world economy’s still fragile recovery as BRICS leaders vowed to forge closer business and trade ties. At a summit in the Indian tourist hub of Goa, host Prime Minister Narendra Modi and the leaders of China, Russia, Brazil and South ...

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