Upon notifying Dubai Investments of its plan to sell its stake, the conglomerate exercised its right as a partner in the business to buy the stake it doesn’t already own, Union Properties said. The final legal steps of the deal to give Dubai Investments …
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UAE-backed group vows to ‘overthrow’ Yemen’s government
Zubaidi was initially rewarded and made governor of Aden by Hadi, but soon fell out of favour after reports emerged he was receiving patronage from the UAE to campaign for secession. The Middle East Eye news website, quoting sources, reported that Hadi was …
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Dubai property prices to rebound in 2018, says new report
The latest edition of Propertyfinder’s ‘trends’ report notes that the sale prices of apartments have been falling with low, single digit declines across most areas of Dubai. Similarly, villa prices experienced significant declines, particularly in …
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Is 2018 The Year of Turnaround for Dubai Property Prices?
According to analysis in Propertyfinder Trends, property prices are ripe for a rebound. Oil may command $80 a barrel by year’s end, according to a report by Barron’s, and given its importance to this part of the world, it would not be the only rally we …
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How far gold prices in UAE will rise this week
Dubai: Gold jewellery buyers in the UAE can expect some price increases this week as the precious metal continues to ride on dollar weakness and stays firm amid a government shutdown in the United States. Spot gold held steady on Monday at $1,331.57 an …
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Dubai bank acquires Amazon’s new logistics centre
Dubai investment bank Rasmala has acquired two logistics facilities in Germany for $185 million (€154 million), including Amazon’s major new logistics centre in Dortmund. The Amazon centre, which spans 88,000 sq.m, was acquired for $145 million.
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CBI appoints Zainal as head of retail banking
COMMERCIAL Bank International (CBI), a UAE bank headquartered in Dubai, announced the appointment of Shaker Zainal as the head of retail banking. A seasoned Emirati banking executive with almost 20 years of experience in retail banking across the Middle …
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How many days of cold left for the UAE?
Dubai: The weather across the UAE became a lot colder than usual as areas in the eastern region reached temperatures below 10 degrees Celsius. Jebel Jais was the coldest area on Monday at a cool 4.8C. The other four areas which topped the coldest places in …
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Dubai to host conference focused on land-related issues
Dubai will host the first Arab Land Conference in late February, the Dubai Land Department has announced. The conference – which will take place between February 26 and 28 – will address a variety of land-related issues facing the region, including how …
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Review: Emirates First Class 777 Colombo To Dubai
Most of Emirates’ 777s have wifi, and as of last summer they increased the wifi … Emirates first class coffee and cookies At 12:15PM in Dubai there was an announcement from the first officer that we’d be landing in about 45 minutes.
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Oracle opens innovation hub in Dubai
US technology giant Oracle on Sunday announced the opening of an innovation hub in Dubai to drive the implementation of artificial intelligence (AI) across the country’s businesses, public sector and academia. Inaugurated by Omar bin Sultan Al Olama …
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UAE forms Youth Science Council
Representing youth in science and technology fields, the council will advocate for the role of youth in science and engineering driven careers. In addition, council members will work on initiatives that promote science among UAE’s youth leading towards …
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UAE to comply with oil supply cut agreement
Muscat: The UAE will comply 100 per cent with the oil supply cut agreement, its energy minister said on Sunday. Speaking at a meeting of the joint ministerial committee which oversees the implementation of the global deal, Suhail Al Mazroui said …
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UAE sends high-level delegation to Davos
Dubai: A high-level UAE delegation, comprising ministers, officials and company CEOs, will participate in the World Economic Forum to be held at the Davos Resort, Switzerland from January 23 to 26, 2018. The forum will be focusing on the theme, ‘Creating …
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Why DSF is win-win for business
Malls and retail outlets in Dubai have registered an increase in sales and footfall during the first half of DSF while other sectors such as airlines and financial services are also seeing an upswing in business during DSF, which is organised by the Dubai …
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Private UAE universities begin charging VAT
On Sunday, senior representatives from the higher education sector told Gulf News that the roll out of VAT has been largely seamless. Professor Abdullah Al Shamsi (right), vice-chancellor of The British University in Dubai (BUiD), said there had been “no …
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Dubai Municipality to gift 100,000 Dubai Lamps for Emirati homes
Dubai: Dubai Municipality on Sunday said it will gift 100,000 energy-saving Dubai Lamps to housing projects for Emiratis. This was agreed upon when the civic body signed a partnership agreement with Mohammad Bin Rashid Housing Establishment (MRHE) on …
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