The Dubai Police rescued a 42-year-old woman in just two hours after she was kidnapped by two Asians who demanded a ransom of Dh50,000. Maj. Gen. Khalil Ibrahim al-Mansouri, Assistant Commander-in-Chief of Criminal Investigation Affairs at Dubai Police …
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Daimler, Saudi’s Kingdom Holding invest in ride-hailing firm Careem
have taken part in an $150 million investment in Dubai-based ride-hailing firm Careem. Venture capital firm DCM Ventures and hedge fund Coatue Management also took park in the Uber-rival’s fundraising, Careem said in a statement. Kingdom Holding …
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MIDEAST DEBT-Islamic finance industry frets as Dana Gas deems its sukuk invalid
Dana says won’t redeem $700 mln of maturing sukuk * UAE firm cites evolution of Islamic finance for move * Dana proposes new instruments with lower profit rates * Industry fears sharia risk could become “toxic” * Higher costs, delays in corporate sukuk …
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Third phase of Mohammed bin Rashid Al Maktoum Solar Park reaches financial close
The financing for Phase 3 of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai has been completed. This marks the latest significant milestone for the Masdar-led consortium, with EDF Group’s subsidiary, EDF Energies Nouvelles, which is developing the …
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Financial terms finalised for third phase of Dubai solar park
Masdar has secured financing for an 800 megawatt solar plant in Dubai. Abu Dhabi’s clean energy company, with partner EDF of France, said that it had reached financial close on Tuesday for the third phase of the Mohammed bin Rashid Al Maktoum solar park …
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UPDATE 1-Qatar National Bank sees no big deposit outflows
DUBAI, June 14 Qatar National Bank (QNB), the largest bank in the Middle East and Africa, has seen no significant outflows of deposits since a diplomatic rift started between Qatar and certain other Arab countries, it said on Wednesday. Last week …
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UAE Business Leaders, Almost Half Of All Your Employees Expect Pay Hikes In 2017
Close to 50% workers said they did not get a salary hike during 2016, according to 2017 Bayt.com Middle East and North Africa Salary Survey. More than half of workers in the UAE expect an increase in their pay packet this year, according to a survey.
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Dubai Properties breaks ground on Dubai’s newest marina
Launched by Dubai Holding and Dubai Properties Group in May 2016, the Dh1 billion mixed-use Marasi Business Bay is well on track to becoming the city’s most sought-after waterfront destination. Dubai Properties, a leading Dubai-based real estate master …
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Dubai property renter surprised by ‘random’ last-minute fee on three-bed villa
I am a US expat currently living with my family in a Jumeirah 3 villa, but we are planning to move to a villa in Barsha 1 at the end of June to be closer to the kids’ school. After an extensive (unsuccessful) search of properties listed in the area with …
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Dubai Properties breaks ground on Dubai’s newest…
Launched by Dubai Holding and Dubai Properties Group in May 2016, the Dh1 billion mixed-use Marasi Business Bay is well on track to becoming the city’s most sought-after waterfront destination. Dubai Properties, a leading Dubai-based real estate master …
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UAE: ‘No military component’ in actions against Qatar
UAE Ambassador to US Yousef al-Otaiba says no ‘military’ aspect to Qatar blockade [File: Win McNamee/AP] The United Arab Emirates’ ambassador to the United States said there was no military aspect to steps taken by Arab powers against Qatar but further …
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UAE Cabinet Praised Sheikh Khalifa’s directive to address humanitarian cases of Emirati-Qatari joint families
The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, praised the initiative of His Highness Sheikh Khalifa bin Zayed Al Nahyan to take into consideration the humanitarian …
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UAE humanitarian legacy praised
Abu Dhabi, June 14 (BNA): Dr. Amal Abdullah Al Qubaisi, Speaker of UAE Federal National Council (FNC), has emphasised that the prestigious status of UAE as the biggest donor of developmental aid in the world reflects the vision of the founding father …
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UAE upholds Zayed’s legacy of generosity
Abu Dhabi: UAE — the world’s top aid donor for third consecutive year — will fondly remember the legacy of its founding father Shaikh Zayed Bin Sultan Al Nahyan on Wednesday, which marks his 13th death anniversary. The 19th day of Ramadan …
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AFC World Cup Qualifiers: Thailand 1-1 UAE: Edgardo Bauza promises plan for the future
The UAE boss looks ahead after disappointment against Thailand. UAE national team coach Edgardo Bauza was disappointed with his team’s 1-1 draw to Thailand in their 2018 World Cup qualifier on Tuesday but has set his sights on improvement in the future.
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Thailand, UAE draw in World Cup qualifier
Thailand almost defeated the United Arab Emirates in its World Cup Asian qualifier after its 1-0 lead ended with the latter’s equalising goal in an extra time period at the Rajamangala Stadium Tuesday night. The UAE controlled most of the game and tried …
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Qatar crisis: UAE accused of bankrolling Turkey coup
A Turkish journalist close to his government has accused the United Arab Emirates of financing last July’s failed coup attempt, as the Turkish president today (Tuesday) called on the Saudi king to resolve the “inhumane” Qatar crisis, reports the Arab …
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