The Sharjah Municipality caught 93 private paid parking lots violating norms and closed 62 of them. Ali Abughazi, director of public parking department at Sharjah Municipality, revealed that inspection campaigns during the past two weeks zeroed in on the …
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Abu Dhabi safest city in the world
Abu Dhabi: Abu Dhabi has been named the safest city in the world by Numbeo, a website that curates and collates data to develop the world’s largest user-contributed database about cities and countries worldwide, it was announced on Tuesday. With the …
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Abu Dhabi named as safest city in the world
Abu Dhabi has been named the safest city in the world by Numbeo, a website that curates and collates data to develop the world’s largest user-contributed database about cities and countries worldwide. With the lowest crime index of just 13.54 in the past …
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Dubai magnate tied to Trump brand seeks new ventures abroad
During recent trips to Croatia and Malta, a Dubai-based billionaire and business partner of the Trump Organization looked more like a head of state himself — mingling with government dignitaries, receiving a presidential reception and visiting the …
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Dubai billionaire seeks to sell Trump-branded villas abroad
DUBAI, United Arab Emirates — During recent trips to Croatia and Malta, a Dubai-based billionaire and business partner of the Trump Organization looked more like a head of state himself — mingling with government dignitaries, receiving a presidential …
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Soon, UAE workers can rent houses for Dh700
“This initiative aims to provide proper and legal options of residential units befitting the financial means of low-income individuals and at the same time open an investment opportunity to owners of commercial properties in Abu Dhabi Emirate,” said …
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Abu Dhabi’s Aldar Boosts Marketing Spending as Revenue, Profit Fall
The Abu Dhabi-based property developer Aldar ramped up its marketing spending in the second quarter of the year in an effort to bolster declining revenues and profits. The company posted a 5.6 percent decline in quarter-on-quarter net profit in its results …
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Apartments to rent in Abu Dhabi for less than Dh30,000 a year
Search volumes for cheap housing are surging in the UAE, leading to an increase in affordable properties to meet demand. While the trend was reported days after the Abu Dhabi Municipality announced an initiative to offer low-income residents cheaper …
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Dubai’s Torch Tower residents get a surprise
Dubai: Residents of Torch tower received a surprise gift on … At the time, a resident of the building told Gulf News that the tower had long been plagued by problems, such as false fire alarms going off on an almost daily basis. The tower, situated …
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UAE Pushes for Better Ties With Cleric Sadr Amid Efforts to Contain Iran
“Experience has taught us to always call for what brings Arabs and Muslims together, and to reject the advocates of division,” the Abu Dhabi crown prince told Sadr, according to report on the Emirati state-run news agency WAM. The Iraqi cleric’s trip to …
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UAE funds Dh1.5 billion worth of projects in Pakistan
Up to Dh1.5 billion worth of sustainable development projects have been financed in Pakistan by the Abu Dhabi Fund for Development (ADFD), a new country report said on Monday. To date, the ADFD, a national entity for development aid, has supported Pakistan …
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Dubai’s Emaar posts first-half profits, announces new IPO
DUBAI, United Arab Emirates – Dubai developer Emaar Properties has posted 2.8 billion dirhams ($772 million) in net profits for the first half of 2017 and laid out plans to spin off its domestic real estate business. Emaar Properties, which trades on the …
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IPO Activity in GCC Slows Down in Q2 2017: Report
Further, IPO activity in the first half (H1 … In the UAE, Industrial & Commercial Bank of China Limited – Dubai Branch (“ICBC”) listed three bonds on Nasdaq Dubai, amounting to $400 million, $300 million and EUR500 million. In Saudi Arabia, Acwa …
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Dubai’s Emaar Properties posts 14 pct rise in second-quarter profit
DUBAI, Aug 14 (Reuters) – Dubai’s Emaar Properties , which is … The retail operation last week reported a 5 percent increase in second-quarter profit. The initial public offering (IPO) of up to 30 percent of the UAE development business is expected …
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Rising Dubai property sales boost Emaar’s H1 profits
Dubai developer Emaar Properties on Monday announced 15 percent profit growth to $772 million in the first half of 2017, with property sales in the emirate up 22 percent. Property sales in Dubai reached 10.814 billion dirhams ($2.94 billion, 2.5 billion …
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IPO activity in GCC slows down in Q2
Further, IPO activity in the first half (H1 … In the UAE, Industrial & Commercial Bank of China Limited – Dubai Branch (“ICBC”) listed three bonds on Nasdaq Dubai, amounting to $400 million, $300 million and EUR500 million. In Saudi Arabia, Acwa …
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From luxury yacht to primitive Dubai prison cell: How John Ibrahim’s brothers were arrested while ‘celebrating drug deal with Moet champagne on $45,000-a-day boat’
Five men arrested over their role in an alleged $810 million drug ring have gone from living lives of luxury to sweltering in a primitive Dubai prison cells in 45C heat. Michael Ibrahim, 39, older brother Fadi, 43, and other members of the ‘Dubai Five …
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