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Economics

Bitcoin prices tumble below $10,000

Traders resort to massive selling in the cryptocurrency Image Credit: Bloomberg A Bitcoin machine in Tokyo. Dubai: Bitcoin prices fell below the $10,000 mark on Wednesday, and dropped sharply after regulators called for a clampdown on cryptocurrencies post the stellar performance last year. Bitcoin prices on Bitfinex fell 19 per …

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Revealed: Highest-paying jobs for Filipino expats

Latest ranking shows which jobs offer the highest compensation package for overseas Filipino workers (OFWs) Dubai: Filipino expatriates who want to send home serious money or those who are still looking to work overseas may want to consider a career in the engineering, medical and information technology (IT) fields. According …

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No Alexa, we weren’t talking to you!

Vegas recap: who won the battle of the A.I.s? Image Credit: AFP Monika Chalk of the Amazon Alexa team demonstrates an array of devices infused the company’s artificial intelligence in a Roadshow trailer parked at the Consumer Electronics Show in Las Vegas, January 10, 2018. Alexa famously squared off against …

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UAE company unveils Dh1.1 million shoes

There’s only one piece of this kind created worldwide and it’s covered with real diamonds, precious stones Image Credit: Jada Dubai The one-of-a-kind footwear is encrusted with real diamonds and precious stones. Dubai: Do you have more than a million dirhams to spare? If money’s not a problem, you can …

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Cabsat to highlight growth of Arabic content

Three-day kicks off on Sunday, bringing together over 13,000 professionals Image Credit: DWTC His Highness Shaikh Hasher Bin Maktoum Al Maktoum opened CABSAT 2018 – the definitive event for broadcast, satellite and entertainment content sectors across the Middle East, Africa and South Asia (MEASA). Dubai: Cabsat 2018, an event for …

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Emirates warns flyers of free ticket scam

Airline says scam is luring customers to participate in a fake survey Image Credit: AP Emirates airline Dubai: UAE residents have been warned of a scam that is going around in social media that promises to give away free airline tickets. Scammers are sending out links to users online, enticing …

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FTA clarifies import procedures for non-registered businesses

Sat 13-01-2018 13:10 PM DUBAI, 13th January, 2018 (WAM) — The Federal Tax Authority, FTA, has clarified import procedures for non-registered businesses, adopting the e-Dirham system for payments and e-Guarantee to provide guarantees, in order to ease processes for non-registered importers. Non-registered businesses wishing to import, are required to follow …

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UAE Embassy in Poland promotes AIM 2018

Sat 13-01-2018 12:33 PM WARSAW, 13th January, 2018 (WAM) — Dr. Youssef Issa Hassan Al Sabri, UAE Ambassador to Poland, has met with Dilya Pazilova Mukhlis, Annual Investment Meeting, AIM, Business Development Manager for CIS and Eastern Europe at the UAE Ministry of Economy, at the embassy headquarters. The meeting …

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MidEast investment banking fees flatline at $912m in 2017

Middle Eastern investment banking fees totalled an estimated $912.4 million during 2017, 0.1 percent less than the value of fees recorded during 2016, according to Thomson Reuters. Its 2017 investment banking analysis for the Middle East also showed that equity capital markets fees increased 118 percent to $91.3 million, while …

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