For Mohammed Saleh, who runs a business that distributes building materials across the region, the crisis left an important Qatar-bound cargo stranded at Dubai’s Jebel Ali port. He had to take out a loan to pay his supplier, losing £30,000 in the process.
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Booze and bulls***: The dark side of Dubai
A question I asked myself in 2015, as I was making the big move to Dubai. The Dubai I was moving to was the Dubai I had seen in Gigi Hadid’s holiday Instagrams, home to the tallest, the biggest and the brightest. In real life, Dubai is like an unreliable …
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Cheap solar supplying power at night about to become a reality in Dubai
Solar plants that supply electricity at competitive prices after the sun goes down are about to become a reality in the Middle East, according to one of the region’s biggest developers of power plants. ACWA Power International CEO Paddy Padmanathan …
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Leading Dubai banks post strong set of first-half results
Dubai: Leading Dubai banks such as Emirates NBD (ENBD), Emirates Islamic (EI) and Dubai Islamic Bank (DIB) posted their first-half results on Wednesday, reporting strong operating performances supported by declines in costs, lower provisions and improved …
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Good news for Sharjah pedestrians
Sharjah: The much-needed pedestrian bridges are slowly taking shape in several parts of Sharjah. Last year, the Sharjah Roads and Transport Authority announced construction of five pedestrian bridges, including two on Ittihad Road and one each on King …
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Dewa officials visit Mohammad Bin Rashid Solar Park
Dubai: Senior officials of Dubai Electricity and Water Authority (Dewa) conducted a field visit to the Mohammad Bin Rashid Al Maktoum Solar Park on Wednesday to check its progress. Known as the largest single-site solar park in the world, the Mohammad Bin …
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DoubleTree by Hilton Dubai – Business Bay Hotel Opens
Owned by Dubai Properties, DoubleTree by Hilton Dubai – Business Bay is located at Bay Square 5, Business Bay, Dubai, U.A.E, just 12 kilometres from Dubai International Airport. DoubleTree by Hilton, one of Hilton’s (NYSE: HLT) 14 market-leading brands …
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New DoubleTree by Hilton hotel opens in Business Bay
New York-listed Hilton has opened a DoubleTree by Hilton-branded hotel in Dubai’s Business Bay. Th hotel in Bay Square features 238 rooms and suites, all with floor-to-ceiling windows and views of the Burj Khalifa and Downtown Dubai. Owned by Dubai …
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No surprises say residents as Abu Dhabi is named world’s second best city
ABU DHABI: Abu Dhabi residents have welcomed the findings of an international survey which has ranked the UAE capital as the second best city in the world to live, work and do business. “I am not surprised. It was a forgone conclusion,” said Anosh …
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Qatar’s $300 billion conundrum: how liquid are its reserves?
DUBAI/DOHA (Reuters) – When is $300 billion not enough? That question is key to Qatar’s future as some bankers and hedge funds speculate the super-rich state’s vast financial reserves may not be liquid enough to defend its currency in the long term.
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UAE bank deposits decline by $7.25bn
Total bank deposits in UAE fell by 1.7 percent, or $7.25 billion (AED26.6bn), to $433bn (AED1.589 trillion) in June compared to May, the Central Bank said on Tuesday. Resident and non-residents deposits fell in June by AED24.2bn and AED2.4bn, respectively.
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2017 to remain tough for Abu Dhabi property market – Asteco
RELATED ARTICLES: Jeddah real estate sector remains slow in Q2 2017 | Return on investment for UAE real estate remains high | Asteco inks first Saudi Arabia master franchise Rental prices for apartments and villas in Abu Dhabi posted declines during the …
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Dubai’s largest bank posts 6% rise in Q2 profit
Emirates NBD reported a 6 percent rise in its second quarter net profit on Wednesday. Dubai’s largest lender made a net profit of $550 million (AED2.2bn) in the three months to June 30, the bank announced this morning, up from the AED1.91bn it announced …
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Dubai taxi fares are 5th-cheapest in the world: Index
Dubai: Taxi fares in Dubai are among the world’s most affordable, according to a new index. The Carspring 2017 Taxi Price Index, published on Tuesday, compares the cost of taxi rides in 80 of the world’s most popular cities, in which Dubai stood at No. 5 …
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UAE jobs alert: More than 2,000 vacancies up for grabs today
Dubai: While recruitment activity remains somewhat subdued this month, jobseekers in the UAE will find thousands of vacancies across a vast spectrum of industries today. Companies in Dubai, Abu Dhabi, Sharjah, Ajman, Fujairah and Ras Al Khaimah are still …
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Job openings: Apple in UAE is hiring new staff
Dubai: Apple has just announced new vacancies for UAE jobseekers looking to pursue a career with the multi-million dollar company. The American tech giant, which sells hundreds of millions of smartphones, tablets, laptops and other gadgets in more than 150 …
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DoubleTree by Hilton Opens First Hotel in Bay Square, Dubai
DoubleTree by Hilton, one of Hilton’s (NYSE: HLT) 14 market-leading brands, today announced the opening of DoubleTree by Hilton Dubai – Business Bay. The modern hotel features 238 spacious guest rooms and suítes, all with floor-to-ceiling windows and …
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