Business UAE Edition
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US Dollar accounts make up 83.2% of foreign currency loans in Emirati banks
The value of foreign assets in national banks also increased on quarterly and annual bases at the end of the first quarter of 2019
Amlak says it is close to completing debt restructuring
Company tells Dubai exchange agreement with lenders should conclude by year-end
Dubai RTA to auction off 200 distinctive number plates online on July 28th
Bidders’ registration starts on Sunday, July 21 and the bidding process will kick off one week later
HSBC eyes expansion in UAE
UAE is one of the major markets for the British company
Emirates to launch services to Mexico City via Barcelona
Citizens from Mexico, Spain, and the UAE only need their passports to enjoy visa-free travel to each respective country
UAE's real estate markets remain in a slump
Agents report price declines for Dubai apartments ranging from 9%-15%
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Insights
Uber adds useful numbers to solve gender equation
The company announced the new goals to shake up the rank and file
Silicon Valley is trapped in political purgatory
Facebook is already feeling the Washington heat
How an AI utopia would work
As home to the world’s first Minister of AI, as well as museums, academies, and foundations dedicated to studying the future, Dubai is on its own Hythloday-esque voyage.
