October 2018 — Topical news of the United Arab Emirates

October 16, 2018 no comments 33
The loan pricing is linked to DP World's carbon emission intensity as a way to incentivise the company to reduce its greenhouse gas emission DUBAI - Dubai port operator DP World has repriced and extended the maturity of a $2 billion "green" loan comprising conventional and Islamic...

October 16, 2018 no comments 28
The meeting on Oct 17 will tackle the board’s proposal of a special dividend of 26 fils per share representing 26% of the company’s share capital Dubai: Emaar Development’s shareholders are set to convene on Wednesday, 17 October to discuss the distribution of a special dividend....

October 16, 2018 no comments 49
Mike Tyson Academy CEO Frederic Madzimba said there are plans to open in Saudi Arabia and across the Gulf region The opening of the Mike Tyson Academy (MTA), which was scheduled for Dubai by the end of 2017, has now been delayed to 2019, according to its CEO Frédéric Madzimba, aka Fred...

October 16, 2018 no comments 62
Etisalat is a potential partner for the Silicon Valley start up Robomart, which allows customers to shop for vegetables and fruits check-out free The world’s first driverless grocery delivering vegetables and fruits will possibly launch in Dubai during Expo 2020. The Silicon...

October 16, 2018 no comments 47
Dubai ruler review progress of work on Route 2020 stations as project passes 50% completion rate Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai on Monday reviewed the progress of work on the Route 2020 stations, the metro...

October 16, 2018 no comments 54
Lulu Group announces plan to build four new hypermarkets in 6 October City, New Cairo, and Obour over next two years UAE-based retail giant Lulu Group on Monday said it is planning to invest $500 million in Egypt over the next two years. According to a statement issued in Cairo,...

October 15, 2018 no comments 60
Five-day Gitex Technology Week is showcasing live demonstrations of next-generation technology solutions The 38th edition of Gitex Technology Week, the largest ICT exhibition in the Middle East, Africa and South Asia, opened yesterday (October 14) with more than 4,000 companies from...

October 15, 2018 no comments 60
Abu Dhabi-listed Waha may further increase its stake in Petronash up to 50 percent, it said in a statement. ABU DHABI - UAE investment firm Waha Capital on Monday said it acquired a significant minority stake in Dubai-based oil field services company Petronash Holdings for $88 million....

October 15, 2018 no comments 75
eSIMs will soon be commercially available for consumers UAE - Two of the most hotly-anticipated technologies of this age are coming to the UAE - and it could quite be sooner than expected. A top official of Emirates Integrated Telecommunications Company revealed that eSIMs and 5G...

October 15, 2018 no comments 89
The UAE's commercial space industry will also be positively impacted by the launch of this satellite. The UAE's first fully Emirati-built satellite has reached Japan's island of Tanegashima for its upcoming liftoff to space on October 29. The Mohammed bin Rashid Space Centre...