The primary objective of the proposed framework is to enhance financial stability. The UAE Central Bank has released its proposed frame work for banks on the industry's exposure to the real estate sector, noting that exposures above a set threshold will be subject to additional...

A Huawei double-header comes to the United Arab Emirates this week. Huawei’s next generation wearable, the HUAWEI WATCH GT 2 46mm is now officially available in stores across the country. Equally exciting is the official start of the HUAWEI nova 5T pre-order. The devices, which have garnered...

Alienware Ultimate Challenge featuring Fortnite to take place from 24 to 26 October 2019 at the Alienware stand Dell and Alienware arrive at the annual Middle East Games Con trade fair with new tech to satisfy the needs of die-hard gamers. Dell and Alienware host a Fortnite Challenge...

IonQ said it raised $55mln in a funding round that was led by venture funds backed by Samsung Electronics, government of UAE. U.S. quantum computing startup IonQ said on Tuesday it raised $55 million in a funding round that was led by venture funds backed by Samsung Electronics...

Tenants living in Central Sharjah prioritise affordability, unit size and payment flexibility Growing population in Sharjah is driving an increase in demand for new residential units across Emerging Sharjah, a study by Savills showed. According to Savills, enquiry levels across...

Shanghai Stock Exchange will set up a "Belt and Road" international exchange in ADGM The UAE’s capital has attracted high profile investments from China with several major entities looking to establish presence at the Abu Dhabi Global Market (ADGM), the international financial centre,...

UAE-based conglomerate announces launch of Al-Futtaim Health and its HealthHub to bring specialised care to residents across the country UAE-based conglomerate Al-Futtaim has announced the launch of Al-Futtaim Health and its HealthHub which will bring specialised care to residents...

Digital payments firm says it has appointed Sweid & Sweid to build its new Dubai headquarters Visa, the global digital payments firm, has appointed international property developer Sweid & Sweid to build its new Dubai headquarters. The building to cater for operations in...

GUPCO produces 60,000 barrels per day (bpd) of oil from 11 concessions Dubai-based Dragon Oil Ltd said on Monday it had completed the purchase of BP's oil concessions in Egypt's Gulf of Suez and will invest $1 billion over five years to boost and extend their production. Dragon,...

Funds include a $150mln 'fund of funds' program and a $100mln direct fund UAE's Mubadala Capital will manage two funds worth $250 million for investments in startups and venture funds, reinforcing Abu Dhabi’s status as a tech and innovation hub. The funds include a $150 million...