DUBAI Jan 3 Dubai Financial Market (DFM) , the Gulf’s only listed stock exchange, said on Tuesday that it planned to introduce covered short-selling, a move that could increase trading liquidity. “DFM is planning implementation of regulated short-selling …
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UAE's new Food Bank aims for zero food wastage and help for the needy
Dubai is aiming to become the first city in the region to achieve zero food waste with the launch of a new UAE Food Bank. The initiative was launched by by UAE Prime Minister and Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum as part of the UAE’s …
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35 Abu Dhabi Police services on app
Speaking to Gulf News, Major Mohammad Obaid Al Obaidly from the IT department at Abu Dhabi Police, said the team working on the revamp of the website and application focused on making it easily accessible and straightforward for the public. “We designed …
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Dubai Police’s ‘Report A Crime’ receives 6,669 reports
Dubai: More than 6,669 reports were made through the ‘Report A Crime’ service offered by Dubai Police throughout 2016, showing a 10 per cent increase compared to last year, a senior officer said on Wednesday. The crimes were reported through the Dubai …
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Dubai to build the Middle East's largest marina
As well as increasing tourism in Dubai, it is anticipated that the project will create new employment opportunities and substantial investments. This announcement is pretty great news if you own a neighbouring property, as it’s likely to increase its value.
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Video: How Dubai's newest megaproject looks like
Dubai: The Dubai Media Office has released a two-minute video of what you can expect from Dubai Harbour once the megaproject is completed. The video, which was posted online on Monday, reads: “A world-class waterfront destination that adopts a culture of …
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Dubai Billionaire Hussein Sajwani Ready to Do More Deals With Trumps
“We haven’t discussed anything,” he told NBC News, adding: “I would love to enhance the relation with the Trump Organization.” Sajwani is close to the emir of Dubai, and other Trump business partners abroad sometimes have ties to the heads of state in …
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Dubai arrests Indian businessman for fraud
DUBAI: The Indian owner of a Dubai-based foreign exchange trading firm who had promised to double investors’ money has been arrested in the emirate for suspected fraud, a newspaper reported yesterday. Sydney Lemos, 36, from Goa, had been arrested on Dec …
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Dubai International sees passenger numbers grow in November
Passenger traffic at Dubai international registered an increase of 9.4 per cent in November 2016, according to the monthly traffic report issued today by operator Dubai Airports. The airport welcomed a total of 6,581,805 passengers in November compared to …
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Dubai World Cup Carnival starts with Round 1 of Al Maktoum Challenge
The 11-meeting 2017 Dubai World Cup Carnival starts Thursday night at Meydan Racecourse, where Round 1 of the Al Maktoum Challenge headlines a seven-race card. There are Carnival cards every Thursday night at Meydan this week through Feb. 23, followed by …
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Dubai: SMMC to hold one-day indoor sports event on Feb 17
Dubai, Jan 4: St Mary’s Mangalorean Community (SMMC) Dubai has announced this year’s first mega event ‘SMMC Sports Cup – 2017’. A friendly, one-day indoor cricket and throwball tournament will take place at the Sprite Insportz Sports Club Dubai on …
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Dubai Islamic Bank sells stake in Jordanian bank
DUBAI Dubai Islamic Bank DISB.DU (DIB), the largest Islamic bank in the United Arab Emirates, has sold its stake in Jordan Dubai Islamic Bank, it said on Wednesday, as it chases growth in fledgeling Islamic banking markets. The Jordanian bank has …
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UAE Abu Dhabi team reveals its new colours
The UAE Abu Dhabi team has revealed its new colours and ambitions for the future at a presentation in Abu Dhabi. Rui Costa, Louis Meintjes, Filippo Ganna, Matej Mohoric, Andrea Guardini and UAE rider Youssef Mirza were at the presentation and showed off …
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Akin Gump promotes 10 to partnership
Fadlallah leads the firm’s international trade practice in Dubai. He focuses his practice on the application … He provides counselling to private equity funds, hedge funds, institutional investors and portfolio companies on a variety of financing …
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Dubai Real Estate: A Rising Investment
Dubai could be considered the New York of the Middle East, with towers equipped with luxury amenities and superior business facilities. The deeper-pocketed property market is dominated by Indians, Pakistanis, and British––in that order. The United Arab …
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Abu Dhabi, hurt by low oil prices, backdates new rental fees
DUBAI, United Arab Emirates – A state-owned newspaper in Abu Dhabi is reporting the emirate’s new charge on foreigners renting homes will be backdated to February of last year — meaning a big initial bill for new tenants. The decision, reported …
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Abu Dhabi backdates new municipality fee payments for renters to February
Read: Abu Dhabi introduces 3% tax on expat property rentals It was first announced in the February 2016 edition of the Official Gazette and reported on in April but few expected the fee to be backdated after being introduced. The backdating terms mean that …
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