“It was my dad who shared the news with us since he’s the one who got the call from … The millionaire promotion is the longest-running and the biggest raffle draw hosted at the Abu Dhabi International Airport. So far, the Big Ticket raffle has declared …
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Emirates NBD Capital Completes UAE's First IPO in 2017
The IPO was Dubai’s first since Dubai Parks & Resorts floated in December 2014, a transaction on which EMCAP was also Joint Global Coordinator and Joint Bookrunner. ENBD REIT’s offer was well over-subscribed with commitments from a mix of investors …
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Abu Dhabi property owners wrongly billed for municipality fees
ABU DHABI // Property owners are being wrongly billed for tens of thousands of dirhams in taxes from which they are exempt – and threatened with having utilities cut off if they do not pay. It is the latest problem for the new municipality fee system …
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India-UAE cultural exchange in year-long initiative
In one of the initiative’s first events, more than 6,000 Indian workers will be honoured later this month (April), representatives from the 200-member IBPG told Gulf News. A full calendar of the pan-UAE cultural exchange is also being drawn up.
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Impact of VAT on UAE property: A halfway house
While new tax is unwelcome for end-users, there is no escaping the levy of value added tax, come January 1, 2018. Even as skeletal details have emerged about the VAT framework and sectors that will be exempted and zero-rated, consumers and end-users must …
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UAE’s private sector business sentiment hits 19-month high
Dubai: The UAE’s purchasing managers index (PMI) — a key indicator of business sentiment — hit a 19-month high of 56.2 during March. It was 56 in February. “The latest PMI survey for the UAE points to encouraging growth in the non-oil economy …
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Dubai real estate deals top $21 billion in first quarter
Dubai Land Department recorded 20,000 real estate transactions worth $21bn (AED77bn) during the first quarter of 2017. The Dubai Land Department revealed the results of real estate transactions during the first quarter of 2017. Sultan Butti bin Mejren …
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Dubai police say they arrested hackers who targeted Obama White House staff
DUBAI, United Arab Emirates — Dubai police arrested foreign hackers in 2015 who targeted five senior Obama White House officials in a blackmail email scam and plan to turn them over to U.S. authorities after they complete their prison sentences, state …
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Dubai charity to help 35,000 school kids in Laos
Dubai: A Dubai-based charity is launching a Dh20 million programme to help 35,000 school children in Laos. The programme by Dubai Cares is called ‘Laos Educational Access Research and Networking,’ is in partnership with Plan International Canada, Save …
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UAE named best country for first time property buyers
If you’re thinking of relocating outside of the UAE, you might want to read this and re-think. Movehub, an award-winning relocating website, has released its list of the best and worst countries to migrate to and, the UAE has been named the best country …
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International Property Show kicks off
The 13th edition of International Property Show kicked off on Sunday in Dubai World Trade Centre. The show is being organised in conjunction with the Annual Investment Meeting. Companies from varied countries are participating at the show, including UAE …
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AP Interview: Trump's pro-business stance buoys Saudi effort
DUBAI, United Arab Emirates – The Saudi prince tasked with attracting foreign investment said Monday that U.S. President Donald Trump’s pro-business administration can be a good thing for the kingdom as it overhauls its economy and prepares to publicly …
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Dubai police say they arrest hackers who targeted Obama White House staff
DUBAI, United Arab Emirates — Dubai police arrested foreign hackers in 2015 who targeted five senior Obama White House officials in a blackmail email scam and plan to turn them over to U.S. authorities after they complete their prison sentences, state …
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One Financial Markets Celebrates 10 Years with New Office and Regulatory Status in Dubai
London based broker One Financial Markets has further cemented its presence in the Middle East with new regulatory approval from The Dubai Financial Services Authority (DFSA), the regulatory authority for the Dubai International Finance Centre (DIFC).
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First Abu Dhabi Bank is UAE’s largest lender
The largest bank in the UAE was born on April 1 as Abu Dhabi-based National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) completed their widely discussed merger. The new combined bank has been named First Abu Dhabi Bank and it will have assets in …
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Trading up: Calgary millwright represents Canada at 2017 WorldSkills competition
Today, the 22-year-old Calgarian is getting ready to represent Canada at the 2017 WorldSkills competition in Abu Dhabi this fall … four years later.” MORE ALBERTA NEWS | Don’t take off those winter tires just yet, warns AMA MORE ALBERTA NEWS …
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Dubai highrise complex burns in fire near world’s tallest building
DUBAI, UNITED ARAB EMIRATES—An inferno burned early Sunday in a highrise tower complex being built alongside Dubai’s largest mall, its thick black smoke shrouding the world’s tallest building nearby in this desert metropolis where skyscraper blazes …
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