Dubai Introduces Cryptocurrency, emCash | Type Board

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Countries across the globe are in discussions of launching their own cryptocurrency, some have already done so. According to media outlets and local news, the government of Dubai has just introduced its own cryptocurrency. emCash, Dubai’s new form of cryptocurrency, will be utilized as a form of payment for both governmental and nongovernmental services. Ali[…]

Dubai Frame set to open in November

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The Dubai Frame is set to open, after four years in development. The project was launched by Dubai Municipality in 2013, and is a unique tourist attraction, literally framing the sight of New Dubai and Old Dubai at either side of it. Also known as Berwaz Dubai, the frame is comprised of two towers measuring[…]

Never seen before! Dubai’s citizens will start making transactions with new government cryptocurrency

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The local government of Dubai has set up a partnership to develop and implement a new encrypted digital currency called emCash. The cryptocurrency is to be used for some government and non-government services in Dubai. According to Ali Ibrahim, the deputy director general of Dubai Economy, emCash will accelerate Dubai’s evolution towards a smarter economy.[…]

Nakheel to showcase property worth $1.7bn at German expo

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Dubai-based master developer Nakheel is making its way to Munich with a multitude of real estate investment opportunities worth more than Dh6.5 billion ($1.7 billion) as it exhibits at Expo Real in Germany for the first time. The only UAE developer exhibiting at the event, Nakheel is showcasing a diverse range of investment[…]

Cooked in cheap oil? ‘Tax-free’ Gulf states to introduce VAT to revitalise economy

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Moneycontrol News Gulf states are planning to introduce value-added tax starting next year following the hit faced by the energy-rich countries due to a drop in oil prices. An Economic Times report stated that the United Arab Emirates, one of the Gulf states that have been long known for being tax-free, is likely to double the price of tobacco[…]

Nakheel to showcase property worth $1.7bn at German expo

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Dubai-based master developer Nakheel is making its way to Munich with a multitude of real estate investment opportunities worth more than Dh6.5 billion ($1.7 billion) as it exhibits at Expo Real in Germany for the first time. The only UAE developer exhibiting at the event, Nakheel is showcasing a diverse range of investment opportunities including[…]

Palma signs up top brands for $408m Dubai project

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Palma Holding, a leading UAE-based group which operates across three main divisions of real estate  development, sales and leasing and property management, has signed partnerships with four premium brands Dada, Dedon, Molteni&C and TechnoGym – for its Dh1.5 billion ($408 million) Serenia Residences project. An exclusively residential community taking shape on The Palm[…]