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19.03.26 - 19:54
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Dubai souks buzz as gold prices crash over Dh50: Eid shoppers rush to buy (Times of India)
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Gold prices in the UAE have seen a significant drop, falling over Dh50 from recent peaks, just in time for Eid ul Fitr. This price relief has spurred a rush of last-minute shoppers to Dubai's gold souks, eager to capitalise on the dip. The market experienced hesitation followed by a sudden surge in demand, driven by global factors and profit-taking....
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01.03.26 - 17:12
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Amazon Warns Of "Degraded" AWS Service In UAE After "Power Issues" Amid Middle East Conflict (ZeroHedge)
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Amazon Warns Of "Degraded" AWS Service In UAE After "Power Issues" Amid Middle East Conflict
Iran's retaliatory attack ramped up on Sunday after the U.S.-Israeli Operation Epic Fury killed Supreme Leader Ayatollah Ali Khamenei on Saturday morning. Follow-on strikes were reported in Israel, across multiple Gulf states, and maritime incidents affected commercial shipping lanes in and around the Strait of Hormuz.
One notable and unexpected point of disruption has emerged in the Middle East critical infrastructure on Sunday morning, with Amazon reporting that its Middle East (UAE) data center region has experienced a power issue that degraded internet connectivity and impaired cloud service availability.
AWS reported that its ME-CENTRAL-1 Region (mec1-az2), which refers to a specific cluster of AWS data-center infrastructure in the United Arab Emirates, is experiencing operational issues due to a "localized power issue." AWS stated that the severity of the incident...
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12.01.26 - 12:30
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UAE content creators can now sell globally on Amazon under new Foundry agreement (Times of India)
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Dubai is launching Amazon Creators Foundry, a groundbreaking initiative in partnership with Amazon Ads. This program empowers UAE-based digital creators to build and scale their own products on Amazon, transforming their influence into entrepreneurial ventures. It offers comprehensive support, global selling opportunities and business education, marking a significant shift towards creator-led commerce....
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11.12.25 - 12:18
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Adrian Cheng signs retail partnership with Wafi Group, headed by Dubai royal (SCMP)
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Adrian Cheng Chi-kong, former heir apparent to Hong Kong property giant New World Development (NWD), has partnered with a Dubai royal and businessman to spruce up the retail, leisure and cultural offerings of Wafi City, one of the United Arab Emirates (UAE) city's top shopping destinations.
Cheng and Dubai Sheikh Mana bin Khalifa Al Maktoum, founder and chairman of the Wafi Group, signed an agreement to set up a new entity called Wafi Anime 11 in Dubai on Wednesday, according to a statement on......
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31.07.25 - 08:48
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RAKBANK becomes first UAE conventional bank to offer crypto trading to retail customers (Times of India)
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RAKBANK has pioneered as the first traditional UAE bank to integrate retail crypto trading into its mobile app, enabling customers to directly buy, sell, and swap cryptocurrencies like Bitcoin and Ethereum in AED. This service, facilitated through a partnership with VARA-regulated Bitpanda Broker MENA DMCC, streamlines access to digital assets within a regulated framework, initially available by invitation....
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20.07.25 - 02:36
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From TikTok to Huawei, Chinese tech giants flock to Arab tech hub Dubai (SCMP)
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Chinese tech giants from ByteDance and Huawei Technologies to Alibaba Group Holding are playing an increasingly important role in Dubai's burgeoning tech industry, as the emirate seeks to diversify its economy beyond its historical reliance on oil.
Central to that transformation is the Dubai Internet City (DIC) – a tech park near the upscale neighbourhood of Palm Jumeirah, a palm tree-shaped archipelago – which hosts global Big Tech companies including Microsoft, Google and Amazon.com, along......
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