Dubai: Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, issued financial circular No (10) for 2019 on the preparation of the draft general budget of the federation for the 2020 fiscal year. According to a statement on WAM, this year is the fourth of the five-year plan for 2017-2021, […]
Abu Dhabi: A UAE company has for the first time successfully restructured its debts under the country’s bankruptcy law. The Abu Dhabi Judicial Department — through the Bankruptcy Department of the Abu Dhabi Court of First Instance — has allowed the company to restructure its debts and resume business under Chapter 4 of Federal Law […]
Dubai: Coinbase Inc., one of the world’s largest cryptocurrency exchanges, is letting go of staff after the backlash it faced for purchasing a company allegedly linked to the sale of spyware to oppressive regimes. Citing a gap in the diligence process, co-founder Brian Armstrong wrote in a blog post late Monday that “we did not […]
The UAE Cabinet has approved public holidays for the public sector for the years 2019-2020, and granted the private More…
BRUSSELS: Huawei, in the spotlight over the security risks of its telecom equipment gear, urged governments, the telecoms industry and regulators on Tuesday to work together to create a common set of cybersecurity standards. The call by Huawei Chairman Ken Hu came as the world’s largest telecoms equipment maker opened a cyber security centre in […]
De Beers is having the worst start to a year since at least 2016, in the latest sign of difficulties plaguing the global diamond industry. De Beers sold just $990 million (Dh3.6 billion) of diamonds in its January and February sales, known as sights. That’s the lowest since the Anglo American Plc unit started publishing […]
Dubai: A decline in selling prices across the UAE private sector impacted the margins of companies in February, despite input price inflation inching up marginally, according to the latest Emirates NBD UAE Purchasing Managers’ Index (PMI). The PMI reading for the UAE fell from 56.3 in January to 53.4 in February — its lowest since […]
UAE Cabinet makes major announcement on holidays for 2019-20.
Majority of the accounts closed down were on Instagram.
Indoor arena in Abu Dhabi, with a capacity of 18,000, is designed to accommodate large-scale and private events