Cyber scams: Financial enterprises to act cautious

  Alkesh Sharma / Emirates Business As UAE financial institutions face unnerving and intricate challenges in light of increasing cyber scams, big data emerges as one of the major carriers of malware to the company’s system. According to industry pundits, apart from using a foolproof anti-virus to counter this problem, a close study of algorithms and better usage of statistics ...

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Construction in full swing at Dubai Properties’ Arabella 1 Townhouses

  Dubai / Emirates Business Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager of four major destinations in Dubai – JBR, Business Bay, Culture Village and DUBAILAND – announced that the first phase of infrastructure work has been completed and building construction is now in full swing at the Arabella 1 Townhouses located within the ...

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Emirates NBD, Dubai’s CDA deal to support people with disabilities

  Dubai / Emirates Business Emirates NBD, one of the leading banks in the region, signed an agreement with the Community Development Authority (CDA) to solidify its strategic, long-term commitment to people with disabilities in line with the Government of Dubai’s ‘My Community’ vision to transform Dubai into a disability-friendly city by 2020. Through the partnership, the bank’s #TogetherLimitless platform ...

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DEWA applies 99 ‘ideas’ to boost innovation

  DUBAI / WAM The Dubai Electricity and Water Authority (DEWA) implemented 99 ideas from a total of 2,317 submitted since the beginning of the year by its employees as part of the Afkari (Arabic for My Ideas) internal programme, which encourages innovation and creativity among DEWA’s employees. “DEWA takes priority in involving staff members in all initiatives and projects. ...

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EFS awarded AED15mn Dubai Real Estate Corporation contract

  Dubai / Emirates Business EFS Facilities Services, a regional leader in delivering integrated facilities management services across the Middle East, Africa, South Asia and Turkey, was awarded a contract by Dubai Real Estate Corporation. This agreement will see the company manage and deliver a range of property services to a newly constructed residential development in Dubai. The contract with ...

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RAK Chamber of Commerce registers 1,414 new members

  RAS AL-KHAIMAH / WAM The number of new members registered with Ras Al-Khaimah’s Chamber of Commerce and Industry has risen during the first half of the year, with the chamber attracting 1,414 new establishments from the private sector, an increase of 20.5 percent on the same period last year. Of these, 189 were establishments affiliated with the Free Zones, while ...

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Dar Al Ber to contribute AED50K to ‘students’

  Dubai / WAM The Dar Al Ber Society, DABS, is to contribute AED 500,000 annually to students of low-income families at the Ajman University of Science and Technology, AUST. The 37-year-old university, based in Ajman, is to cut the academic fees by 20 percent for DABS staff members, their children, as well as the students of low-income families referred ...

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TRA opens 2nd Summer Innovation Camp

  Dubai / WAM The UAE Telecommunications Regulatory Authority (TRA) on Sunday opened the 2nd edition of its ‘Summer Innovation Camp,’ a month-long initiative that will run until August 18th. The initiative has been designed to cultivate the spirit of innovation and creativity among young Emiratis, while also teaching them more about the local telecommunications and information technology sectors through ...

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The Trump treatment

WASHINGTON The Republican National Convention in Cleveland this week ought to be interesting, but whether it will be informative is another question. Barring a last-minute surprise, the delegates will nominate real estate magnate Donald Trump to be the GOP presidential candidate, and he will pledge — probably repeatedly — to “make America great again.” Just how he plans to do ...

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Tough task ahead for ECB

  The European Central Bank’s (ECB) decision-making governing council will on Thursday, a month after the Brexit, assess market turmoil shock triggered by the Leave vote. Though volatility has subsided, it is widely believed that the extent of economic damage is still unclear. ECB President Mario Draghi and his colleagues look forward to an uphill task to decide what to ...

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