However, property experts predict that prices will slide further, suggesting that supply is increasing while demand is decreasing. Jalal Mamdouh, leasing coordinator at Prime Capital, said rental prices in Abu Dhabi are expected to decrease throughout …
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UAE envoy: Gulf states considering new Qatar sanctions
A Saudi-led bloc is considering fresh sanctions against Qatar that may include asking trading partners to choose between them or Doha, the United Arab Emirates (UAE) ambassador to Russia said. In an interview with The Guardian newspaper, envoy Omar Ghobash …
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Driverless mini police cars to patrol Dubai
It will be deployed at tourist destinations in Dubai,” Brigadier Al Razooqi said. Police will send a team headed by Lieutenant Salim Saqr Al Merri to the company to participate and supervise the final stages of building the car. The latest news from …
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How to Start a Business in Dubai
Do you want to start a business in Dubai? And searching for promising business ideas with low investment? Dubai is considered as the commercial capital of United Arab Emirates and has the favourable economy for business investment. This is the main …
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Gulf IPO listings surge to five-year high in Q1
The third and final listing was by ENBD REIT fund on Nasdaq Dubai offering 94.6 million shares and raising proceeds of $ 105 million. The fund invests in a diversified portfolio of Shari’a-compliant real estate assets in the UAE. The IPO is the first to …
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South Indian superstars to descend on Abu Dhabi
Abu Dhabi: Hotshot South Indian movie stars will dazzle in Abu Dhabi at the 6th South Indian International Movie Awards (SIIMA) being held here this weekend. Megastar Mohanlal and Bahubali actor Rana Daggubati are among many other A-listers who will walk …
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Hands on care to combat strays
ABU DHABI: For Dr Susan Aylott, cats are family and she lives with 29 of them. Most of her feline housemates, however, are handicapped. “They got here through the rescue operations I have undertaken across Abu Dhabi,” said Dr Aylott, founder of AWAD …
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Solar key to tackling climate change and meeting energy demands: CEO of Dubai’s DEWA
The increasing issue of climate change has become a threat to all creatures, the environment, and biodiversity on Earth. This has become a challenge in that the world must unite to overcome. The challenges faced by the modern-day world is but a fraction of …
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‘Pakistan banks sent funds to UAE to finance 9/11, 26/11 terror attacks’
Saudi Arabia and the United Arab Emirates (UAE`s) recent decision to suspend ties with Qatar over its perceived support for terrorist elements and for not cutting off ties with Iran appears to have taken a fresh twist. London: Saudi Arabia and the United …
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This Fund Manager Trains Algos to Copy His Brain
who previously traded for billionaire Steven Cohen and hedge fund York Capital Management, says the algorithms will be ready to help run money for clients of his own investment firm, Q2Q Capital. Yesilhark, who will run the fund from Dubai and London …
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First it was Robocop, now Dubai is unveiling driverless miniature police cars that will cruise the streets and hunt out suspects
And if simple ground surveillance is not enough, the devices can even launch a drone, reports Gulf News. Major-General Abdullah Khalifa Al Merri, Commander-in-Chief of Dubai Police, said: ‘Dubai Police are keen to get the latest technology to fight crime. ‘
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2017 Sees a Record High Number of IPOs in GCC
The third and final listing was by ENBD REIT fund on Nasdaq Dubai offering 94.6 million shares and raising proceeds of US$ 105 million. The fund invests in a diversified portfolio of Shari’a-compliant real estate assets in the UAE. The IPO is the first …
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Asia-Pacific Crude-ESPO crude in focus as teapot demand re-emerges
BRENT-DUBAI EFS *Brent’s premium to Dubai swaps was at $0.74 per … of offshore drilling by half or more – just as shale oil producers have done onshore. *Hedge funds and other money managers appear to have abandoned all hope that OPEC will rebalance …
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UAE Skype block leaves small businesses frustrated
Continuing uncertainty over the use of Skype and similar internet calling services places a burden on the UAE’s small business community, threatening to undermine the country’s growing status as a business and entrepreneurship hub, according to local …
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Ex-Dubai Bank boss now faces fresh suit
Two companies and a businessman opened bank accounts at Dubai Bank then relinquished their control to the collapsed lender’s chairman Hassan Zubeidi — a move that cost the bank’s savers Sh400 million. Court documents show that Kamp General, Kemu Salt …
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Is this Dubai wonder transforming the city?
Dubai: A video documenting the progress of Dubai’s construction has been released, with old footage depicting how far the city’s shape has changed with the modern architectural project of the Water Canal. Dubai Holding recently released the two-minute …
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Destination report: Abu Dhabi
This follows the opening late last year of the Marriott Downtown, and is the 12th Abu Dhabi property in the Marriott-Starwood portfolio – and the 47th in the UAE. Before the hotel’s spectacular opening festivities I talk to Alex Kyriakidis, Marriott …
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