DUBAI — Dubai’s Department of Tourism and Commerce Marketing aims to welcome 20 million tourists per year as part of its 2020 Vision. With the ultimate vision of positioning Dubai as the world’s most visited city, Dubai’s Department of Tourism and …
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Dubai’s Emirates to use BMW cars for business class chauffeur service
Dubai airline Emirates will now be using BMW cars for its chauffeur service for business class passengers in the UAE, it revealed on Tuesday. The new fleet, featuring BMW 520i Touring cars, is being rolled out from now until the end of the year, as the …
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Banks enable UAE economic vision
“Corporate banking took off when financial institutions began financing projects for government-related entities.” From its earliest days of its founding in 1967, Mashreq has arranged financing for some of the UAE’s and the region’s iconic projects …
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Abu Dhabi’s Al Maja Arjaan Rotana completes US$14 million renovation
The completed renovation encompasses the property’s 288 guestrooms … Al Maha Arjaan by Rotana has always been an iconic hotel in Abu Dhabi. The renovation project was an important step for our owners and for Rotana to provide new levels of accommodation …
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Four consortiums in race for Dubai solar park Phase IV
Four international consortiums have submitted bids to Dubai Electricity and Water Authority (Dewa) for the 200MW Concentrated Solar Power plant being developed as part of the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The lowest …
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Hyderabad man jailed in Dubai for 7 years granted bail
CHARMIANAR: A Hyderabadi jailed in Dubai for seven years for carrying banned medicines was granted bail on Monday. Habeeb Mohammed, released from jail, however, cannot leave Dubai until the final judgement in the case. A Hyderabadi businessmen in Dubai …
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New tool to help evaluate happiness in Dubai
Dubai: A new tool will soon be used across Dubai entities to assess the impact of their smart-city initiatives on the happiness of people, it was announced on Monday. The Smart Happiness Project Assessment Tool, announced by The Smart Dubai office (SDO …
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27 people die from tobacco-relates diseases in UAE each week
Abu Dhabi: Every six out of ten Emiratis are regularly exposed to second-hand smoke, and this increases their risk of suffering from cardiovascular diseases and lung cancer by 30 per cent, a top doctor said in the capital on Monday. In fact, an average of …
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Qatar rift: Saudi, UAE, Bahrain, Egypt cut diplomatic ties
Tensions over Iran The news comes two weeks after Saudi Arabia, the UAE, Bahrain and Egypt blocked several Qatari media outlets — including Al Jazeera — over comments allegedly made by Qatari Emir Sheikh Tamim Al Hamad Al Thani. Al Thani reportedly …
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Boy, 11, was raped and strangled to death in Abu Dhabi
A family friend of the boy told Gulf News on Monday that the family has been waiting for the completion of formalities to receive the boy’s body. “The family has not decided about the burial… whether to do it in Abu Dhabi or Pakistan or Russia …
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UAE Poised To Become The Fintech Nexus In MENA
In Dubai, the Dubai Financial Services Authority (DFSA) too has moved forward with fintech regulation, launching in May the Innovation Testing Licence (ITL). The new class of financial services license allows fintechs to develop and test innovative concept …
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Gulf rift threatens air travel disruption across the Middle East and beyond
DUBAI — Air travel across the Gulf region and beyond faces … Last year, its parent company published financial results for the first time. These showed a net profit of 1.6 billion riyals (US$439 million) for the year to March 31, 2016, up from the …
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UAE one of the easiest places in the world for accounting and tax
“Companies operating in the UAE and those looking to enter should prepare for the change now – and this is where working with in-country experts who understand the local requirements for financial compliance can be very beneficial.” Key factors that …
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Almost half of UAE respondents believe salaries are increasing in the UAE
Around 23 per cent of UAE respondents make financial investments on a regular basis, and 32 per cent already own their home. Among those who do not own a home, 43 per cent are interested in owning a home in their country of residence, and 64 per cent would …
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Dubai Financial Services Authority Launches Innovation Testing Licence For FinTech Firms
The Dubai Financial Services Authority (DFSA) has today announced that it will allow financial technology (FinTech) firms to apply for a class of financial services licence referred to as an Innovation Testing Licence (ITL). This initiative signals the …
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UPDATE 1-Banks in Saudi, UAE receive no regulatory guidelines on Qatar -sources
In contrast, some Egyptian lenders halted business with their Qatari counterparts on Monday. The UAE central bank did not immediately respond to a Reuters request for comment, while a spokesman for the Saudi central bank said it had no statement on the matter.
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Some Egyptian banks halt dealings with Qatari banks after rupture
UAE Central Bank yet to issue guidelines to banks on Qatar The United Arab Emirates central bank has so far not issued any guidelines to banks about their dealings with Qatar, a source familiar with the matter said on Monday. The UAE, Saudi Arabia …
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