The National Investment and Infrastructure Fund (NIIF) of India says it has signed a $1bn investment agreement with a wholly owned subsidiary of the Abu Dhabi Investment Authority (Adia), to invest in much-needed energy, transportation and other …
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Australians compete at WorldSkills ‘tradie Olympics’ in Abu Dhabi
AUSTRALIA’S Skillaroos are in the final stretch of competition at WorldSkills Abu Dhabi 2017’s ‘tradie Olympics … READ MORE TRAINING AND EMPLOYMENT NEWS IN THE CAREERS SECTION OF SATURDAY’S THE COURIER-MAIL, THE ADVERTISER, THE DAILY TELEGRAPH …
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Former Goldman executive is raising money for quant hedge fund
Dubai: Ronald Hua, a former Goldman Sachs Group Inc. executive … The duo is raising money as more hedge funds and asset managers start quantitative strategies to adapt to a challenging environment for stock pickers. Active managers are trying to find …
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Dubai Property Show to be held from November 3-5, 2017, in Mumbai
Dubai Land Department, will hold the third edition of the Dubai Property Show in Mumbai, from November 3-5, 2017 at Bandra-Kurla Complex and will feature a diverse range of properties, from residential and commercial, to land Following an encouraging …
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Fabio Aru signs for UAE Team Emirates
Fabio Aru will ride for UAE Team Emirates in 2018 after signing a three-year contract with the team. Aru’s arrival from Astana had been widely anticipated since early summer, but the transfer was only formally confirmed on Tuesday morning. Transfer news …
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UAE’s finance ministry yet to fix VAT rate on goods, services
The UAE’s Ministry of Finance is still in the process of fixing the value added tax (VAT) rates for goods and services, it announced on Monday. The ministry is currently developing the executive regulations of VAT, said Younis Haji Al Khouri, under …
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UAE Food Bank opens 2nd location in Dubai
The second operational site of the UAE Food Bank was launched on Monday at Al Bada area near Canadian University under the patronage of Easa Saleh Al Gurg Charity Foundation. The UAE Food Bank also signed cooperation agreements with three other charity …
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NIIF, Abu Dhabi ink $1 billion investment agreement
The National Investment and Infrastructure Fund (NIIF) announced the signing of an investment agreement worth $1 billion with Abu Dhabi Investment Authority’s (ADIA) wholly owned subsidiary. The government of India had set up NIIF as a quasi-sovereign …
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Dubai diamond chief warns VAT will lead to business exodus
DUBAI: The introduction of value added tax could lead to an “exodus” of firms in the gold and diamond industry from the UAE, Ahmed Bin Sulayem, executive chairman of the Dubai free zone where those businesses are based, warned yesterday. In a strongly …
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Abu Dhabi Investment Authority to invest $1 billion in India’s Infrastructure Fund
New Delhi | Mumbai: The Abu Dhabi Investment Authority (ADIA) will invest $1billion in the National Investment and Infrastructure Fund (NIIF), marking the start of India’s ambitious attempt to raise equity funds for the infrastructure sector. The agreement …
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British electrician facing Dubai jail term for touching a man’s leg says his ordeal is ‘unbearable’ after being falsely led to believe it was all over
campaign group Detained in Dubai (DiD) said. He had hoped to be home soon after his accuser dropped the complaint against him but local prosecution services are proceeding with the case. Reacting to the news he may be sent to jail, he described the ordeal …
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Dubai police are moving into the future with ‘Star Wars’ style hoverbikes
And Dubai police are going to start using them for patrols. “The bike can fly without a passenger and can go up to six kilometres,” First Sergeant Ali Ahmad Mohammad told Gulf News. “It can fly for 25 minutes and can carry up to 300kg of weight at a …
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Master-planning a megaproject: ARADA’s Aljada development in Sharjah
Middle East Consultant talks to ARADA’s Ibrahim Al Nemeh about the design, inspiration and intent of the Aljada master-planned community in Sharjah Announced on September 6 and highlighted at Cityscape Global Dubai, Aljada is a new $6.5bn mega project …
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Aldar Properties : ADX sees high liquidity at Monday’s close
The real estate sector rose 2.15%, pushed up by Aldar Properties and Eshraq, with 2.88% and 1.28%, respectively. Finance House’s stock hiked 12.5% at close, after initial losses in early trading. Abu Dhabi Commercial Bank also rose 1.23%, pushing up the …
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Abu Dhabi Ports Launches Sustainability Week
Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, as well as Fujairah Terminals and Khalifa Industrial Zone Abu Dhabi (KIZAD), today launched Sustainability Week. The 3-day event …
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Dubai’s Mashreq posts 12% rise in net profit
Mashreq’s CEO, AbdulAziz Al Ghurair, said: “It has been a period of muted growth for the UAE banking system with the banking sector gross credit growing by only 0.3 percent as of August. However at Mashreq we have been successful in increasing our loan …
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Second food bank site opens in Dubai
Labourers queued up to collect food packages which were being distributed at the launch of the second food bank site in Dubai on Monday, which is also World Food Day. More than 1,000 construction workers, cleaning and maintenance staff stood in lines for …
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