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Published date: 17-06-2021
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The Home of Middle East Business News
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Healthcare

Gulf Business

Abu Dhabi becomes first location to receive anti-Covid-19 medication

The anti-viral treatment for Covid-19, Sotrovimab, is now available for early treatment of certain categories of patients in the UAE. The availability of the medicine follows an agreement between the Abu Dhabi Department of Health, the…Read more

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Retail

The National

picture UAE’s retail industry nearing pre-pandemic levels, Middle East’s biggest mall operator says

The UAE’s retail economy is “inching towards pre-pandemic levels” as customer confidence returned during the last three months of 2020 and the first three months of this year, according to the Majid Al Futtaim. Spending on…Read more

Retail

The National

UAE restaurants going global: How four hot spots are taking their concepts to London, New York and beyond

There’s something in the water. Or perhaps it’s in the bread. Either way, change is afoot for a number of home-grown UAE restaurants. If you’re a long-term resident, cast your mind – and your taste buds…Read more

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Healthcare

Gulf Business

picture Mubadala Health buys UEMedical stake, joins Olive Rock, Cerberus

Abu Dhabi’s Mubadala Investment Co. is enlarging its regional footprint in the health-care sector with the purchase of a 60 per cent stake in UEMedical, an operator of medical facilities in the United Arab Emirates and…Read more

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Financial Services

Mubasher

DIB sells $1bn in five-year Sukuk

Dubai – Mubasher: Dubai Islamic Bank (DIB) has sold five-year Sukuk worth $1 billion after receiving over $2.8 billion in orders for the Islamic bonds, Reuters reported. The bank has issued the Sukuk at 110 basis points (bps) over…Read more

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Financial Markets

The National

picture ADGM-licensed digital wealth manager rolls out platform for experienced traders

Digital wealth management company Exinity Middle East, which has been licensed by Abu Dhabi Global Market, rolled out a digital platform for experienced traders in the UAE to tap into the country’s growing segment of affluent…Read more

Tourism

Al Bawaba

UAE’s Dnata Posts Dh1.8 Billion Loss in 2020-21

Emirates Group on Tuesday said impact of Covid-19 was felt across all dnata businesses in 2020-21 as it recorded a loss of Dh1.8 billion for the first time, including impairment charges of Dh766 million on goodwill…Read more

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Technology

Zawya

picture New digital platform Dubai Raffles will regulate lotteries

Dubai has rolled out a digital platform that will regulate all lottery activities held in the emirate. The first-of-its-kind app, called “Dubai Raffles”, is open to both merchants and consumers who are looking to offer or…Read more

Healthcare

Arabian Business

Operation 300bn will take local pharma innovation global

The pandemic sent shockwaves through supply chain lines globally, but the UAE was shielded from associated shortages of food and medicine as the government took proactive steps to ensure goods continued to move. And now, to…Read more

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Financial Markets

Mubasher

picture UAE’s holdings of US Treasury bonds hit $43.7bn in April

The UAE has increased its holdings of the US Treasury bonds by 66.16% year-on-year (YoY) to $43.7 billion in April 2021, compared to about $26.3 billion in the same month of 2020. On a monthly basis,…Read more

Education

Gulf Insider

UAE closes 4 private universities, suspends certificate accreditation

The Ministry of Education on Wednesday announced on Twitter that four private universities have been closed. The Ministry has temporarily suspended the accreditation of certificates issued by the universities. This will help the ministry review all documents and…Read more

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Healthcare

MENAbytes

picture Dubai’s Valeo raises $3 million seed to give users control over their health

Dubai-based wellbeing-tech startup Valeo Wellbeing has raised $3 million in seed funding from Global Founders Capital, Global Ventures, Nuwa Capital, and FJ Labs, it announced today. The startup is led by third-time entrepreneur Sundeep Sahni who…Read more

Retail

Arabian Business

Talabat to double number of dark stores in UAE

Food delivery service Talabat is looking to double the number of dark stores in operation in the UAE, with the stores that enable 15-minute delivery present in every emirate by the end of the year and. Currently…Read more

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Real Estate

Gulf News

picture Explained: How are rental disputes processed in Dubai?

Dubai: Thinking of filing a rent dispute case in Dubai, but not sure what to expect? Legal procedures can be difficult to track and complete if you have no prior experience. However, if you are a…Read more

Education

Gulf News

Dubai schools 2021: All you need to know about KHDA ratings, fees and curriculum

Dubai: Earlier this month, Dubai’s Knowledge and Human Development Authority (KHDA) announced that 10 new schools would be opening in the emirate this September. With over 200 schools that parents can choose from, settling for one…Read more

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