Meet UAE-based Indian millionaire Mithesh Bhatia: From Dh5,000 to over Dh10 million turnover, see the rise of this millennial

Dubai: Mithesh Bhatia, 34, dabbled in business way back in 2007. He had saved Dh5,000 from working odd jobs and was studying at a Dubai-based university at the same time. And this [the Dh5,000] became the start-up capital for his very first venture in the UAE. Meet Nyla Khan, 27-year-old tycoon building an education empire […]

Gitex Technology Week: Securing BlockChain against bank fraud

Dubai: BlockChain might seem like the last technology that would require extra security. Designed to be secure and heavily promoted for its ability to establish an unbreakable record of transactions, companies are now having to find ways to make sure the data being added to the chain is coming from authentic sources. “BlockChain as a […]

Gitex Technology Week: No evidence of security concerns, says du

Dubai: The telecom company du saw no evidence of security concerns about Huawei’s 5G technology, the company’s chief technological officer Saleem Albalooshi has said. “Huawei is our partner in rolling out our 5G network,” he said. “From a security perspective we have our own labs in the UAE and we visit their labs. We have […]

India Amazon, Flipkart sales generate $3 billion in 6 days

New Delhi: Led by Amazon and Flipkart, e-tailers in India achieved a record $3 billion (nearly Rs 19,000 crore) of Gross Merchandise Value (GMV) in the first six days of the festive sale from September 29-October 4, a new report said on Tuesday. Walmart-owned Flipkart and Amazon dominated 90 per cent of the market share […]

Use these biometrics to pass through UAE airports

Dubai: Everyone is absolutely unique. Just like everyone else. Now, software has advanced so much it can even differentiate between identical twins, say, when facial recognition is used as smartphone signature. So, it turns out, with the right technology, even the so-called “identical twins” are not really identical. They may share the same general features, […]

Samsung expects profits to plummet in third quarter

Seoul: Samsung Electronics said Tuesday it expected operating profits to drop more than 50 per cent in the third quarter amid a continued slump in the global chip market. Operating profit for July to September was expected to reach 7.7 trillion won (Dh23.7 billion), down 56.2 per cent from a year earlier, the world’s largest […]

Can I still get a virtual business licence if I live in Dubai?

Dubai: Residents of the UAE will not be eligible to apply for a virtual business licence in Dubai. Last week Dubai Economy announced the launch of the region’s first ‘Virtual Company Licence’, which will allow investors worldwide to do business in Dubai digitally without requiring residence. It was unclear whether UAE residents would be able […]

Dubai to get new limo service

Dubai: Dubai Transport Corporation (DTC), part of Dubai’s Roads and Transport Authority (RTA), announced at Gitex their plans to launch a limo service.  Dr Yousef Al Ali, CEO of DTC, told Gulf News about the various new initiatives planned, including an app to hire a driver for Dh40 an hour, a virtual Nol card service etc. […]