Author: dailyguardian.ae

Prime residential real estate in the UAE is expected to provide an yield of 6.25 per cent to seven per cent, a new report showed on Wednesday. According to CBRE Research’s 2024 Market Outlook for Middle East real estate, residential properties are expected to provide an yield of seven per cent to 7.5 per cent. In the office category, the expected yield range is 6.5 per cent to 7.25 per cent for prime offices, while for grade A offices, the range is seven to 7.5 per cent. The total value of real estate projects currently planned or under construction in…

Narwal Freo X Ultra MSRP $1,400.00 “The Narwal Freo X Ultra finds success while straying from the typical robot vacuum blueprint.” Pros Sleek, modern aesthetics 8,200Pa of suction Inventive dustbin design Straightforward mobile app Cons Minor navigation issues Not ideal for thick carpet When it comes to premium robot vacuums, there’s no shortage of options available to shoppers. Ecovacs, iRobot, and Roborock are churning out new products at a breakneck pace, and it’s difficult for anything to stand out in a market so saturated with well-reviewed devices. That doesn’t seem to have phased Narwal, however, as the Narwal Freo X…

A brain scanner that can detect whether a suspect was at a crime scene will soon be used by police in the UAE. The machine was unveiled at the World Police Summit (WPS) that began in Dubai on Tuesday. With a headset that has electrodes to monitor brain activity and two connected wires with clips that attach to a person’s ears, the headset has several markers which will be measured. “It is actually better than a polygraph machine,” said a spokesperson at the Ministry of Interior stand, where the device is exhibited. “The polygraph machine measures a person’s blood pressure,…

South Africa has asked the International Court of Justice (ICJ) to order additional emergency measures against Israel, which it says is breaching the measures already in place, the U.N.’s top court said on Wednesday. In January the World Court, as the ICJ is also known, ordered Israel to refrain from any acts that could fall under the Genocide Convention and to ensure its troops commit no genocidal acts against Palestinians, after South Africa accused Israel of state-led genocide in Gaza. Israel and its Western allies described the allegation as baseless.

The UAE’s largest lender, First Abu Dhabi Bank, which achieved a record net profit of Dh16.4 billion in 2023, said on Wednesday that its shareholders approved a Dh7.8 billion cash dividend. At the annual general meeting, FAB’s shareholders approved the distribution of 50 per cent cash dividends (Dh0.71 per share), implying a total cash dividend of Dh7.8 billion) for the financial year ended December 31, 2023, the lender said in a statement. “Against the backdrop of a more challenging global financial and economic environment in 2023, First Abu Dhabi Bank came through the year with a resilient and robust performance,…

SpaceX is targeting next week for the third test flight of Starship, the world’s most powerful rocket. The Elon Musk-led company said the Starship, which comprises the first-stage Super Heavy booster and the upper-stage Starship spacecraft, could launch “as soon as March 14,” though this is dependent upon the Federal Aviation Administration handing it a launch permit in the coming days. SpaceX revealed the date in a post on social media on Wednesday, and also added a dedicated page for the mission to the “Launches” section of its website. The spaceflight company said a live stream of what promises to…

The UAE is the world’s third most trusted country, with all four institutions, including the government, business, NGOs, and media retaining significant trust levels, a survey has revealed. Edelman Trust Barometer, which surveys 32,000 people in 28 countries focused on innovation, found that while the world grapples with disruptive change and hesitation towards the implementation of innovative solutions to address today’s challenges, the UAE instead embraces innovation thanks to the country’s long-term focus on the issue. “For example, the UAE was the first country in the world to appoint a minister of AI in 2017 and also establish the Mohammed…

Nexo, a leading digital assets institution, announced that its Dubai entity, Nexo Services FZE, has been awarded an Initial Approval [IA] by Dubai’s Virtual Assets Regulatory Authority (VARA) for virtual asset lending & borrowing, management & investment, and broker-dealer activities. This positions Nexo as one of the first digital asset lending institutions seeking to expand into the pivotal Dubai market. Once licensed, the solution will be available to Nexo clients through the Nexo platform to offer it in compliance with local regulations, accessible via both mobile and web platforms. Dubai is shaping the future of finance and entrepreneurship, driven by…

Pioneer has announced two new AV receivers that offer Dolby Atmos and IMAX Enhanced support at budget-friendly prices. The VSX-535, is an 8K, 5.2-channel model that sells for $379, and the VSX-835, is an 8K, 7.2-channel receiver priced at $499. Both models are available starting March 6 at pioneerhomeusa.com and select retailers. The 535 and 835 feature 4K/120 and 8K/60 compatibility via their four HDMI 2.1a (and HDCP 2.3) inputs, plus ARC/eARC compatibility via their single HDMI output. These ports can also passthrough all major flavors of HDR, including HDR10, HDR10+, Dolby Vision, and HLG. Gamers will appreciate their support…

Dubai Municipality has intensified its monitoring campaigns and inspection visits for food safety and public health during the holy month of Ramadan. The campaigns include various sectors such as Dubai markets, commercial centres, food establishments, food preparation facilities, restaurants, hotels, hypermarkets, and supermarkets. Additionally, the campaigns further extend to salons, beauty centres, smoking areas in cafes and restaurants, games, and events areas, as well as labour cities and community markets across Dubai. As part of its commitment to monitoring key sectors during the month of Ramadan, the Municipality is actively overseeing compliance with safety, public health, and food safety standards.…