Home / In The News / Gulf In Focus

Gulf In Focus

Abu Dhabi tourism department partners with TikTok

The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) officially announced its partnership with social media giant TikTok on Tuesday, April 27. In a statement, the tourism department said that by using its newly launched Tiktok channel – Visit Abu Dhabi – it aims to “engage content creators to showcase the best of the emirate with creativity and authenticity, reaching wider audiences worldwide and inspiring viewers to consider Abu Dhabi as part of their future travel plans.” With 14 posts at the time of writing this, the page had already amassed 34,000 followers and over 166,000 likes.

Dubai: gold prices rise after fed meeting

Gold prices rose on Thursday bolstered by the US Federal Reserve’s pledge to maintain easy monetary policy to aid economic recovery, while a weaker dollar provided further support. Spot gold was up 0.48 per cent at $1,784.62 per ounce by 9am UAE time, having dipped to $1,762 in the previous session, its lowest since April 16. In Dubai, Dubai Gold and Jewellery Group data showed that 24K retail price rose to Dh216.0 per gram as compared to Dh214.5 on Wednesday morning. While, 22K, 21K and 18K prices stood at Dh203.0, Dh193.75 and Dh166.0 per gram, respectively. The US Federal Chair Jerome Powell also said the coming price increases would almost surely be of a passing nature, and not present the sort of persistent problem that would force the central bank to begin raising interest rates sooner than expected.

Sharjah’s saif zone signs deal with India’s forpack industries

The Sharjah Airport International Free Zone (SAIF Zone) has further enhanced and secured its position as a prominent hub for global investors after signing an investment deal with the Indian Forpack Industries, a leading manufacturer of recycled Kraft Board & Coreboard Paper. Under the terms of the deal, Forpack Industries is set to establish its first headquarters in the UAE by leasing four warehouses at SAIF Zone’s U2 area across a total area of 25.833 square feet. The MoU was signed by SAIF Zone’s Director Saud Salim Al Mazrouei and Samir Lakhani, Chairman of Forpack Industries, in the presence of senior officials from both sides.

PayBy partners with NT.Payments to expand in UAE

Innovative fintech company PayBy has announced a new partnership with NT.Payments that significantly expands its footprint in the UAE. PayBy users can now top up their wallets, allowing to use a series of financial services, including repaying the credit bills, purchasing goods and services. NT.Payments has 4,500+ kiosks installed at high footfall locations across the country. Users may find the location of the nearest payment kiosk on the NT.Payments official website, which will allow you to have access to your wallet replenishment whenever and wherever you are. Post top-up, PayBy users can avail a range of digital payment services. These include paying for utilities and government services, paying their mobile bill, transferring money to friends and family members, contactless and cashless payments online, on delivery and in retail stores.

UAE: Apple offers trade-in deals; get iphone 12 cheaper by nearly Dh1,800

Consumers purchasing the iPhone 12 can now get nearly Dh1,800 discounts in trade-in deals. Apple’s UAE websites showed that consumers can get up to Dh1,790 value for iPhone 11 Pro Max, Dh1,595 for iPhone 11 Pro, Dh1,200 for iPhone 11, and Dh1,075 for iPhone Xs Max when trading in exchange for iPhone 12 or iPhone 12 Pro. iPhone 12 with 6.1-inch display is priced at Dh3,399 at Apple’s UAE website. Meanwhile, iPhone 12 Pro Max with Facetime is priced around Dh4,500 on online shops. Upon purchase of the new iPhone, Apple will apply the value toward the purchase or recycle the device for free.

Huawei launches the all new Huawei Band 6 in the UAE

Huawei announced the newest member of its HUAWEI Band Series – the HUAWEI Band 6. With consumers increasingly demanding more from their wearable devices, the new HUAWEI Band 6 has been greatly enhanced with health and fitness monitoring, a fashionable design, and extended battery life to provide a smartwatch-like experience at the friendlier price point of a smart band. The HUAWEI Band 6 comes in Graphite Black, Sakura Pink, Amber Sunrise, and Forest Green colorways.

Pakistan PM Imran Khan hails Saudi peace overtures to Iran

Pakistan Prime Minister Imran Khan on Wednesday welcomed Crown Prince Mohammed bin Salman’s statement that Saudi Arabia wants good relations with Iran. We welcome the KSA initiative for peace with Iran. Iran is our neighbour and KSA our closest friend. This peace initiative will strengthen the Muslim Ummah, Imran Khan said in a tweet. In a televised interview late on Tuesday, Prince Mohammed struck a conciliatory tone towards Iran, saying he sought “good” relations. Iran is a neighbouring country, and all we aspire for is a good and special relationship with Iran, he said. We do not want Iran to be in a difficult situation, on the contrary we want Iran to prosper and grow. We have interests in Iran and they have interests in the kingdom to propel the region and the world to growth and prosperity, Prince Mohammed said.

Qatar free zones and progress so far

The state of Qatar (Qatar) is one of the fastest growing economies and has the highest per capita income in the world. It is undergoing a rapid transformation to attract leading global companies and individuals to help deliver a future driven by innovation. Qatar’s National Vision 2030 is set to invest over US$200 billion in human, economic, social, and environmental developments and advancements to establish a self-sustaining economy. To achieve this vision and to drive foreign investment into the country, Qatar has provided for the creation of numerous ‘free zones’ that offer lucrative commercial and economic incentives. One of these is the Qatar Free Zones (the QFZ).

Check Also

Gulf News

Gulf In Focus

Abu Dhabi’s Mubadala invests in Berlin-based digital insurance company Abu Dhabi-based Mubadala has participated in …

Leave a Reply