Technology & IT | Monday 27 April, 2015 2:47 pm

UAE economy could save over Dh132 million annually by switching to local web hosting options

Dubai companies are losing an estimated Dh132 million annually by hosting their websites with offshore providers rather than locally in the UAE.Of an estimated 335,450 companies in the UAE, 91 per cent of these are known to host offshore, at an average cost of Dh800 annually, while local hosting...

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Technology & IT | Monday 27 April, 2015 11:45 am

Saudi Arabia shows promise for online shopping growth: MasterCard survey

MasterCard today released the results of its Online Shopping Behaviour study that indicates that nearly half of the respondents had made an online purchase during the three months prior to the study, of which 78 per cent were satisfied with their online shopping experience.The Online Shopping...

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Business & Money | Monday 27 April, 2015 8:05 am

Islamic banking industry in Saudi Arabia set to reach US$683b by 2019

The Islamic banking industry, in the Kingdom of Saudi Arabia (KSA) is set to achieve US$683b of Sharia-compliant assets by 2019, according to EY’s World Islamic Banking Competitiveness report. KSA has been a key market for growth in the Islamic banking industry. The first Islamic bank with equity ...

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Business & Money | Sunday 26 April, 2015 3:42 pm

International General Insurance Holdings Limited announces net profits of US$ 34.34 million

International General Insurance Holdings Limited (IGIH) today reported earnings for the 2014 financial year. The Group announced net earnings of US$ 34.34 million for the financial year of 2014, an increase of 9.9% compared to US$ 31.26 million for the financial year of 2013. Commenting on the...

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Business & Money | Sunday 26 April, 2015 3:27 pm

SAP Announces First Quarter 2015 Results

Business Highlights in the First Quarter 2015SAP again delivered exceptionally strong growth in the cloud. First quarter non-IFRS cloud subscriptions and support revenue grew 131% year-over-year (95% at constant currencies). New cloud bookings, the key measure for SAP’s sales success in the...

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Government | Sunday 26 April, 2015 12:00 am

Road Accidents Fatalities Down by 21%, and Injuries by 14.8%

For Q1 2015 across the UAE Deaths and injuries caused by road accidents in the UAE during the first quarter of the year decreased by 21 per cent and 14.8 per cent respectively. According to statistics released by the Traffic Coordination Directorate General at the Ministry of Interior; road...

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Business & Money | Wednesday 22 April, 2015 2:43 pm

ABU DHABI COMMERCIAL BANK PJSC REPORTS

FIRST QUARTER 2015 NET PROFIT OF AED 1.249 BN, AN INCREASE OF 13% YEAR ON YEAR, AND 22% QUARTER ON QUARTERAbu Dhabi, 21 April 2015 – Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today reported its financial results for the first quarter of 2015 (“Q1’15”).Financial...

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Culture & Education | Wednesday 22 April, 2015 12:28 am

Arab Tech Industry in Need of Easier Access to Capital, Friendlier Regulations and Government Support

The nascent technology sector in the Arab region needs to be reinforced by government support and backed by proper funding from sovereign wealth funds (SWFs) and local institutional investors if it is to flourish and create the next technology titans, according to BECO Capital, a regional Venture...

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Culture & Education | Wednesday 22 April, 2015 12:24 am

Cleaning, Polishing, Odor-Fighting: 6 Alternative Uses For Olive Oil

Olive oil is an integral part of many cuisines. From the Middle East to Europe, the olive branch has been representative of many cultures and olive oil production has contributed to the growth of many economies. Tunisia, Syria, Jordan, Egypt and Lebanon are amongst the top producers of olive oil in ...

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Business & Money | Sunday 19 April, 2015 11:18 am

Deloitte’s predictions report for the Dubai real estate sector in 2015

Deloitte Financial Advisory launched its inaugural Real Estate predictions report for the Emirate of Dubai. The report takes an in-depth look at the economy, as well as residential, hospitality, office and retail spaces in 2014 and provides outlooks for 2015.“Dubai’s property market has...

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