The property market in Dubai is on the up due to an increase in projects throughout the sector. The Dubai Land Department has revealed that the volume of investment in local real estate during the first half of 2016 reached $7.6 billion. As well as …
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How family businesses helped build the UAE
In 1942, when 18-year-old Maghanmal Jethanand Pancholia landed in Sharjah, he was already the third generation to join his family business in what would later become the UAE. Now 94, he recalls that his grandfather arrived in the Trucial States in 1860 in …
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UAEJJF Announces Abu Dhabi Grand Slam Jiu-Jitsu World Tour Season 3
Abu Dhabi, UAE, 17th May, 2017: The UAE Jiu-jitsu Federation® (UAEJJF), the official authority for the sport of jiu-jitsu in the United Arab Emirates, announces the return of the most prestigious jiu-jitsu world tour: Abu Dhabi Grand Slam® Jiu-Jitsu …
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UAE dirham celebrates 44 years in circulation
Dubai: As the UAE dirham marks its 44th birthday on May 19, the currency continues to celebrate the seven emirates after undergoing several transformations. First released in 1973, the banknotes began their journey in denominations of 1, 5, 10, 50 and 100 …
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UAE successfully teaching tolerance: Al Zaabi
Geneva: The UAE has been instrumental in integrating values of tolerance and cohesion in its educational system, said Obaid Salem Al Zaabi, UAE’s Permanent Representative to the UN and other international organisations in Geneva. Ambassador Al Zaabi said …
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DUBAI NEWS: 4 of our top stories this week
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has just announced the launch of a new project, Marsa Al Arab. The mega-project will consist of two islands – one of which will be …
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Dubai firm dreams of harvesting icebergs for water
A Dubai firm’s dream of towing icebergs from the Antarctic to the Arabian Peninsula could face some titanic obstacles. Where many see the crumbling polar ice caps as a distressing sign of global warming, the National Advisor Bureau Limited sees it as a …
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Dubai is building two new man-made islands worth $2.3 billion to attract families and rich tourists
when Dubai will host the World Expo 2020 exhibition. Spanning four million square feet, Marsa Al Arab will be made up of two islands, one dedicated to entertainment and family tourism and the other featuring luxury villas and a private marina, state news …
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Now, ‘smart poles’ to light up Dubai beaches at night
The pilot project is aimed at illuminating the beach areas after sunset so that authorities can consider allowing night swimming, Viktor Nelepa, the founder and CEO of the company, told Gulf News. Currently, Dubai Municipality and Dubai Police, the two …
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Dubai’s Next Huge Tourist Project: Artificial Islands
Dubai is pulling out all the stops to achieve its goal of hosting 20 million annual visitors by 2020. Citing state news agency WAM, Reuters reports the United Arab Emirates’ largest city is set to break ground on a $1.7 billion tourist project known as …
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Second UAE REIT launches with Apex as Administrator
It is only the second ever REIT to be listed in the UAE and was the first IPO in the UAE this year. Tim Rose, Head of Real Estate at Emirates NBD Asset Management, said, “Following the successful IPO of ENBD REIT on Nasdaq Dubai, we are pleased to have …
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Saudi Aramco IPO part of Kingdom’s diversification plan
and Dubai (UAE), which established itself as a trade, banking and media hub. At the center of Saudi Arabia’s economic transformation is the IPO (Initial Public Offering) of Saudi Aramco, the state owned oil company and its crown jewel. The Saudi …
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Emirates NBD Bank : 1.8 billion EGP loan for EGAS to boost gas production
04/09 EMIRATES NBD BANK: Capital caps UAE’s first IPO in 2017 04/06 EMIRATES NBD BANK: Capital completes UAE’s first IPO in 2017 04/05 EMIRATES NBD BANK: Capital completes UAE’s first IPO in 2017 03/26 EMIRATES NBD BANK: De-risking takes toll on GCC …
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Aldar Properties : Academies set to manage Adnoc schools
Under the terms of the agreement, Aldar Academies, a unit of Abu Dhabi-based developer Aldar Properties, will operate Adnoc’s schools in Sas Al Nakhl, Ruwais, Madinat Zayed and Ghayathi, beginning in September. The financial value of the agreement was …
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Dubai gets $3b airports finance deal
The Dubai government on Sunday said that it had secured $3 billion in long-term financing for expansion of its airports. The deal, for which HSBC acted as financial adviser, included a $1.63 billion, seven-year conventional loan and a $1.48 billion …
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UAE businesses found unprepared for VAT introduction
The survey by recruitment firm Hays highlights a lack of preparedness in the UAE business community with the implementation of a 5 per cent VAT rate just over six months away. Read: GCC finance ministers to discuss unified VAT regulations in Bahrain On top …
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UAE says it sent military recruits to Yemen island for drill
UAE’s state-run WAM news agency on Monday night described the training on Socotra Island as “intensive,” saying it included battle skills, weapons training and first aid. UAE forces and aid organizations have been on Socotra Island, which sits near the …
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