DUBAI — Off-plan property sales now account for more than half of total real estate transactions in Dubai for the first time since 2008, it was revealed Wednesday. While the gap between off-plan transactions and sales of ready property for the first 3Q …
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Technology to boost new wave of SMEs in UAE
The UAE is primed for a new wave of small and medium-sized enterprises (SMEs) development led by innovation and technology, according to a new report titled ‘Charting the Future of SMEs in the UAE’. The report was launched on the sidelines of the SME …
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Dubai business activity rebounds in October thanks to strong retail activity
Dubai’s business activity improved last month, boosted by the emirate’s wholesale and retail firms, with optimism across all sectors rising in spite of ongoing price discounting to secure new business. Emirates NBD’s Dubai Economy Tracker Index rose …
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UAE to be hub for promoting alternative medicines
Dubai: The UAE is set to become the hub for promoting traditional, complementary and alternative medicines in the region with the country joining hands with India in principle on several plans. Top officials of both countries held elaborate discussions on …
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Rare swallowing disease reported in UAE
Abu Dhabi: An increase in the reported number of cases of achalasia, a rare swallowing disease, has doctors at a leading multispeciality hospital in the capital quite concerned. In a statement sent on Thursday, Cleveland Clinic Abu Dhabi announced that it …
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Dubai Police break world record for heaviest aircraft pulled
Dubai: Dubai Police personnel have broken the Guinness World Record by pulling an A380 Emirates aircraft for 100 metres as part of the 30-day Fitness Challenge. Fifty-six police officers pulled the 302.68-tonne aircraft to break the former record which was …
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Emaar’s IPO signals market optimism, says expert
For Dubai-based Emaar Development, the leading regional developer, it is the public itself, says an expert. Emaar Development’s initial public offering (IPO) is set for November 22 on the Dubai Financial Market. Even with 20 per cent of the company being …
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Saudi billionaires said to move funds to escape asset freeze
Gulf investors sold a net $92.5 million of Dubai stocks on Tuesday … London-based co-chief investment officer of emerging-markets hedge fund Capricorn Fund Managers Ltd. The central bank “has strong systems in place to track flows and excellent …
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Dubai Fitness Challenge at Burj Park this weekend
Dubai: Stretch and sweat it out in an outdoor gym with the Burj Khalifa in the background this weekend as the Dubai Fitness Challenge is taking place at Burj Park in Downtown Dubai this weekend. Organisers have transformed the Burj Park into an outdoor gym …
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Dubai’s DEWA inks deal for phase 3 of giant solar park
Dubai Electricity and Water Authority (DEWA) has signed an agreement with both Abu Dhabi Future Energy Company (Masdar) and Électricité de France (EDF) to promote cooperation in developing and financing the 800MW third phase of the Mohammed bin Rashid Al …
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UAE, India keen to expand ties in space, renewables
I see the potential for advanced technology and small and medium enterprises too. I think the established joint fund will also play a vital role in strengthening those sectors to a higher level. We want to build the UAE on a knowledge-based economy,” he added.
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Butti Saeed Al Ghandi Inaugurates Middle East Cleaning Technology Week 2017
H.E. Butti Saeed Al Ghandi, Second Vice-Chairman of the Dubai World Trade Centre, today inaugurated the 5 th Middle East Cleaning Technology Week (MECTW) at the Dubai World Trade Centre (DWTC). With over 130 companies participating, MECTW is expected to …
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Sushmita Sen charms fans in Sharjah
Bollywood actress Sushmita Sen returned to the UAE on Wednesday to inaugurate a renovated branch of Danube Home in Sharjah. Sen is the firm’s brand ambassador. The 41-year-old, who owns a home in Dubai, arrived at 6pm along with Adel Sajan. director of …
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Saudi graft inquiry spreads beyond borders as UAE examines bank accounts
Saudi Arabia’s crackdown on corruption has spread beyond its borders as regulators in the United Arab Emirates ask UAE banks for information about Saudi citizens detained in the investigation, a possible prelude to freezing their accounts. The UAE central …
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UAE asks banks for information on 19 Saudis’ accounts: sources
ABU DHABI/DUBAI (Reuters) – The United Arab Emirates central bank has asked banks and finance companies in the UAE to provide information on the accounts of 19 Saudi citizens, banking sources told Reuters on Thursday. Saudi authorities have previously …
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Macron tours French naval base in Abu Dhabi near new Louvre
ABU DHABI, United Arab Emirates – French President Emmanuel Macron is touring a French naval base in the capital of the United Arab Emirates. A military band played “La Marseillaise” and an honor guard met Macron on Thursday morning at the naval base at …
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World celebrates Louvre Abu Dhabi opening
Abu Dhabi: The Louvre Abu Dhabi was inaugurated on Wednesday by … and … create a dialogue [between the items],” he told Gulf News earlier. Charnier added that the aim is also to allow visitors to participate in the narrative, through information …
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