UAE’s EDGE allocates Dh1 bn funds for advanced technologies in defence
Last year, EDGE signed several military and security deals over $5 billion...
Tag : UAE
UAE-based telco Etisalat acquires German cybersecurity firm Help AG
Help AG acquisition will help Etisalat to protect its cloud, IoT, AI and big data line of business against sophisticated cyber threats...
Samsung wins $952 mn contract to develop power plant in the UAE
Samsung and Marubeni will jointly develop the 2,400 MW combined cycle power plant in Fujairah...
Dubai to launch blockchain platform for instant bank account facility
In order to do so, Dubai has set up a blockchain consortium consisting of six UAE banks...
Bahrain’s GFH acquires 70% stake in Dubai fintech Marshal
While GFH will hold a 6.3% stake in Marshal, GFH’s investors will hold up to 63.7%...
Dubai Islamic Bank to increase foreign ownership limit from 25% to 40%
The bank’s board of directors at Dubai Islamic Bank suggested the FOL changes...
Dubai property market to see the addition of 62,500 new units in 2020
The number of units to be completed in Dubai this year is the highest in more than a decade...
2030: Adnoc to cut greenhouse gas emissions by 25%
ADNOC is already among the five lowest carbon emitters in the oil and gas industry...
DEWA sets world record in saving water and electricity
DEWA recorded 1.86 minutes in electricity customer minutes lost (CML) in Dubai...
UAE records 23.64 mn telecom subscribers in 2019
The number of mobile phone subscribers reached around 18,278,817...