UAE News - Gulf Insider

2 years ago

Rimac Nevera: World’s Fastest, Road-Legal EV Now in UAE

Rimac will reportedly produce only 150 Nevera cars with a price tag of $2.1m each. Rimac Automobili’s Nevera, the world’s first luxury, electric hypercar was launched in the UAE by Al Habtoor Motors on Wednesday. Unveiled at a special preview event at the Al Habtoor Polo Resort, the Nevera was presented by Sultan Al Habtoor, president of Al Habtoor Motors, and Mate Rimac, founder and CEO of Rimac Group. World records The Rimac Nevera, when launched as a concept in 2021, upended the automotive car industry imagination with its potential, and since then has gone on to become the “ultimate record-breaking hypercar.” With an impressive 1,914 horsepower and a 0-100 kilometres per hour acceleration (km/h) in just 1.8 seconds, this powerful machine holds the top EV speed record along with the record for the fastest speed driving in reverse (275.74 km/h). Among other records, it has performed a 0-200km/h sprint in 4.42 seconds, a 300km/h in 9.22 seconds, and reached 400km/h in 21.31 seconds. The hypercar even outperformed itself clocking 1.81 seconds for 0-100km/h — four seconds faster than its official acceleration specification. “I am proud to say that the car we’ve created can get to 400km/h and back to 0 in less […]

2 years ago

UAE: 5 Injured, Including 3 Students, After School Bus Hits Sidewalk

An accident on Thursday morning in Sharjah involving a school bus resulted in three students and two supervisors sustaining minor injuries. According to the Sharjah Police, the accident was caused when the school bus made a sudden turn, drifted, and collided with the pavement. The injured were transported to a hospital to be treated. The police have assured the parents of the private school that their children are safe and healthy after the accident. The authority has stressed the importance of careful driving of school buses, and the need to follow traffic rules. School buses in the UAE have a strict set of rules and regulations that they must follow, and authorities often conduct thorough investigations. The Sharjah Private Education Authority (SPEA) last year installed cameras and safety devices in 2,000 buses. The cameras allow parents to monitor their children while they travel back and forth to school. Before the pandemic, GPS devices were installed on buses. They are linked to the control and monitoring room of the SPEA and the operations room of Emirates Transport, to allow tracking. Earlier this year, Dubai’s RTA revealed that some bus drivers were caught driving without a permit. This was found out during […]

2 years ago

Dubai Rivals Paris, New York As Couples Seek Instagram-worthy Weddings, Proposals

Dubai is fast emerging as the preferred global destination for relationship milestones as couples pour in from every corner of the world. Tourist preferences show a marked shift away from the traditional backdrops of Paris’ iconic Eiffel Tower and New York City’s Empire State Buidling, to Dubai as visitors seek its year-round amenable weather and vibrant social scene. Once primarily known as a business and transit hub, the emirate is now widely becoming recognised as one of the most sought-after locations worldwide to tie the knot or pop the question. Postcard-worthy backdrops like the Eiffel Tower in Paris of the Empire State Building in New York once dominated proposals but now Dubai’s iconic landmarks like the boat-shaped Burj Al Arab and the world’s tallest building, Burj Khalifa, are drawing in tourists from around the globe to pop the question. Pioneering specialists like Proposal Boutique have revolutionised the ceremony, curating over-the-top bespoke experiences tailored to each duo. From renting out iconic venues and landmarks to coordinating viral-worthy visual productions, these planners are pushing creative boundaries. Rising demand from both residents and visitors alike is positioning Dubai as the ultimate destination. Tourists seeking Instagramable moments are flocking to the emirate in record numbers […]

2 years ago

Abu Dhabi Launches First ‘Smog-free-tower’ In The UAE

The Environment Agency – Abu Dhabi (EAD), in partnership with Modon Properties, inaugurated the region’s first smog-free tower at Hudayriat Island. The new air purification tower is an urban innovation designed to enhance air quality in the area and provide an inspirational experience of a clean and green future. Mohamed Ahmed Al Bowardi, EAD’s Vice Chairman and Chairman of EAD’s Executive Committee, said that EAD continuously monitors the state of ambient air quality in the Emirate of Abu Dhabi through a wide network of monitoring stations, which is considered one of the most comprehensive ambient air quality monitoring networks in the Middle East and North Africa region. “The installation of the tower on Al Hudayriyat Island is a pilot project, as the experience will be evaluated before continuing to install more towers in other areas of the emirate.” The seven-metre tower uses environmentally friendly positive ionisation technology to purify surrounding air that cleans 30,000 m3 of air per hour. The ionisation technology produces smog-free air in public spaces, allowing people to breathe and experience clean air. Shaikha Al Dhaheri, EAD’s Secretary-General, said: “We chose Hudayriat Island because it is a community hub where people enjoy several outdoor activities. “Therefore, the […]

2 years ago

UAE GDP To Grow 5.3% In 2024: S&P

UAE real GDP will grow by 5.3 per cent in 2024, compared to 3.4 per cent in 2023, according to credit rating agency S&P Global Ratings. In a new report, the credit rating agency said that UAE banks reported exceptional profits for the full year 2023 due to lower provisioning requirements and higher interest margins, in addition to improved liquidity levels as deposit growth outpaced new loan growth. The report also noted that the outlooks for the banks in the UAE are stable. UAE GDP forecast The agency estimates that increased oil production and support from non-oil sectors will drive economic growth in the UAE this year. The non-oil GDP is likely to continue growing, driven by the performance of the hospitality, real estate, and financial services sectors. S&P Global Ratings also noted that some UAE banks achieved record profits in 2023 due to strong credit growth in a rising interest rate environment. In addition, the improved economic environment means that provisioning requirements for new loan losses remained low. The increase in net profit was also supported by growth in non-interest income, reflecting increased business activity and commercial activity. Standard & Poor’s expects the US Federal Reserve to cut interest rates by […]

2 years ago

My Dubai Salary: ‘I Earn Millions a Year as an Eco-Entrepreneur’

Entrepreneur Ivan Kroshnyi has learnt some valuable financial lessons since setting up his first computer and office supply business in Ukraine at the age of 16. While the business made him a millionaire by the time he was 18, his partner stole the company’s money and disappeared. Now 33, Mr Kroshnyi says the experience was difficult but it helped him to understand the importance of partnership agreements. “It was a good experience for me; it made me smarter, and I started another business and then another one,” says Mr Kroshnyi. The Ukrainian multimillionaire moved to Dubai in 2021 and is an investor in the Roasters Specialty Coffee House chain, which has five branches in the city, with plans to open more this year. He is also the founder of Eco Way, a Dubai-based business that aims to transform last-mile food and small parcel delivery services with long-range electric bikes that are equipped with swappable battery technology. With a diversified investment portfolio worth about $20 million, Mr Kroshnyi says he lives a comfortable life but doesn’t waste his money on expensive brands or cars. What was your first job and how much did you earn? I started my business in Ukraine 17 years ago, when I was 16. […]

2 years ago

Watch: Chile Debuts All-Female SWAT Team at UAE Competition With Humiliating Results

It’s a veritable train wreck. Keeping in line with the Chilean leadership’s new focus on “gender equality” and President Gabriel Boric’s goal of creating a “feminist government,” the nation has fielded an eight member all women’s team at the annual UAE SWAT Challenge in Dubai. The international competition is meant to give elite police forces from around the world a chance to test their mettle and receive recognition. Unfortunately for Chile, most countries organized their teams around merit instead of equity and woke ideology; this has put Chile at a distinct disadvantage. The South American nation set out to send a message about gender inclusivity while other more selfish countries set out to win. The women’s group, hand picked from a variety of police departments, debuted in high spirits but were quickly thwarted by the competition’s obstacle course. Specifically, the zip line and the pool… Criminals beware, unless you have a zip line handy. The female team faced the daunting challenge with some interesting strategies, which included cheating, with one team member trying to drag the other women across the zip line on foot. They also dropped their firearms into the water below, perhaps to make themselves lighter and faster. The […]

2 years ago

Emirates Announces Adelaide Route, Plans 77 UAE-Australia Flights Per Week By End Of Year

Emirates has taken the final step in the restoration of its Australia capacity announcing its return to Adelaide. A daily service will relaunch between the South Australia capital and the airline’s Dubai hub on October 28, 2024. The reinstated service will facilitate the growing travel demand to and from South Australia and allow passengers to travel conveniently between more than 140 destinations across Emirates’ global network. Emirates announces flights to Adelaide, Australia Emirates first launched its Adelaide services in 2012 and carried more than 165,000 passengers between Dubai and Adelaide in 2019. By December 1, when Emirates also reinstates its second daily service to Perth, the airline will offer 77 weekly flights from Australia with the ability to transport 68,000 passengers per week to and from Australia, returning to its pre-pandemic capacity. The airline’s return is a major milestone for South Australia’s pandemic recovery. The tourism expenditure of daily direct non-stop Emirates’ flights is estimated by South Australian Tourism Commission to generate more than $62m per year and create in excess of 315 full-time equivalent tourism-related jobs for South Australians. Each flight will also offer 14 tonnes of cargo space, totalling 196 tonnes weekly between Dubai and Adelaide. The value of freight […]

2 years ago

UAE: More Than 1,000 Private Firms Caught Faking Emiratisation From Mid-2022

During inspections conducted by human resource ministry, 1,077 private companies were caught faking Emiratisation in the UAE since the second half of 2022. The authority penalised these firms which hired 1,818 citizens who were proven to have violated Emiratisation laws by attempting to overcome targets by hiring Emiratis illegally. Emiratisation is considered fake when it is confirmed that a UAE national works in a nominal job without real tasks to meet the establishment’s required Emiratisation targets and/or when an Emirati is rehired in the same establishment to circumvent data and benefits from the relevant benefits of Emiratisation. Companies indulging in bogus Emiratisation are penalised for their violations. Besides imposing financial penalties, violating companies are downgraded to the lowest category within the classification system of private sector establishments registered with the ministry. This step comes with several consequences for private companies, including higher fees for Mohre services. Actions taken against violating companies go up to a hefty fine of Dh20,000 to Dh100,000 fine for each case. Referral to the Public Prosecution is based on the severance of the violation. MoHRE reiterated that fake Emiratisation is a clear violation of Emiratisation-related decisions and the regulations of the Nafis programme. Any violations related […]

2 years ago

UAE: Up to AED200,000 Fine for Cheating in Exams

A federal law to combat cheating in examinations stipulates fines of up to AED 200,000. The penalty is imposed on anyone other than a student who commits any of three acts before, during, or after the exams. These are: Print, publish, promote, transmit, or leak information related to questions, answers, or examination content by any means; modify answers or the grades awarded; and impersonate a student to take the exam in his/her place. The law was among 73 federal legislations across various sectors passed last year. “Anyone other than a student who participates or contributes as an original perpetrator or partner in causing … the commission of any of the acts stipulated (above) … with his knowledge shall be punished with the same penalty,” the law on combating cheating and disruption of the examination system states. If convicted, the perpetrator may be ordered to do community service for up to six months — either as an added penalty or in place of the fine. If a student is caught cheating, disciplinary procedures will be initiated. These will be in line with conduct rules and regulations in force at the Ministry of Education, educational authorities in each Emirate, and educational institutions. […]

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Search Here

Rimac Nevera: World’s Fastest, Road-Legal EV Now in UAE

UAE: 5 Injured, Including 3 Students, After School Bus Hits Sidewalk

Dubai Rivals Paris, New York As Couples Seek Instagram-worthy Weddings, Proposals

Abu Dhabi Launches First ‘Smog-free-tower’ In The UAE

UAE GDP To Grow 5.3% In 2024: S&P

My Dubai Salary: ‘I Earn Millions a Year as an Eco-Entrepreneur’

Watch: Chile Debuts All-Female SWAT Team at UAE Competition With Humiliating Results

Emirates Announces Adelaide Route, Plans 77 UAE-Australia Flights Per Week By End Of Year

UAE: More Than 1,000 Private Firms Caught Faking Emiratisation From Mid-2022

UAE: Up to AED200,000 Fine for Cheating in Exams

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