The rate of decline in residential property prices across key communities in Dubai has slowed over the last 12 months in comparison to 2016, while rents have continued to decline and led to yield compression in most communities, according to new figures …
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UAE approved world’s two largest solar projects in 2017
The UAE was among the world’s largest investors in clean energy last year after giving the go ahead for the two biggest solar projects globally, according to Bloomberg New Energy Finance (BNEF). The emirates saw a 23-fold increase in investment to $2.2bn …
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Meet Dubai’s Bint Shaheen, world’s first camel born from frozen sperm
She was strong and was already nibbling and trying to nurse within hours of being born,” Dr Mushtaq Ahmad, one of the veterinarians who worked on the project, told Gulf News during a visit to the centre located in Wadi Safa near Dubai Hills. Dr Jahangir …
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How to get UAE residence visa for your parents in Dubai
Taking care of your elderly parents can be difficult when they are in a different country, especially if you and your family have settled to a long stint in the UAE. Here’s how you can get a residence visa for your parents: Note: This is an informative …
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Sharjah, Eagle Hills venture to build three projects worth $735m
Sharjah Investment and Development Authority (Shurooq) and Abu Dhabi developer Eagle Hills have announced the launch of three projects worth Dhs2.7bn ($735.1m) under a new joint venture. Maryam Island, Kalba Waterfront and Palace Al Khan appear to be the …
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UAE says Qatar fighter jets intercepted commercial flights
The UAE denies the allegations. The UAE’s state-run WAM news agency made the claim about the Qatari jet fighters on Monday, citing the country’s General Civil Aviation Authority. WAM quoted Saif al-Suwaidi, the director-general of the GCAA, as saying the …
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UAE’s answer to Palantir attracts European talent
The firm funded by the government of the UAE has recruited Chaouki Kasmi, the former head of WiFi technology at France’s national computer security agency ANSSI (Agence Nationale de la Securite des Systemes d’Information) as its chief engineer. Kasmi drew …
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Mashreq Bank’s innovative approach sets it apart from the crowd
By placing innovation at the core of its business, Mashreq Bank has swiftly become one of the UAE’s leading financial institutions. Although the bank recognises that the industry has evolved markedly over the past 50 years, it believes that the …
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An opportunity not to be mist! Stunning footage shows Dubai’s skyscrapers poking out from above a blanket of fog
Rustam Azmi, an Indian business owner who has lived in Dubai for 28 years, took the pictures from the 88th floor of a tower in the marina and from the Index and Executive towers in the downtown area. The 31-year-old said: ‘I have seen the golden age of …
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UAE says Qatar fighter jets intercepted commerical flights
The UAE denies the allegations. The UAE’s state-run WAM news agency made the claim about the Qatari jet fighters on Monday, citing the country’s General Civil Aviation Authority. WAM quoted Saif al-Suwaidi, the director-general of the GCAA, as saying the …
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Bank of Sharjah P J S C : Sharjah Islamic Bank posts AED 188m profits in Q4
Abu Dhabi – Mubasher: Sharjah Islamic Bank on Monday reported a 7.2% year-on-year decline in net profits during the fourth quarter of 2017. The bank’s net profits reached AED 118 million ($32.12 million) in Q4-17, according to a filing to the Abu Dhabi …
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VAT In The UAE: How Is Your Business Affected?
As we have entered January, the first month of the new VAT regulations in the UAE, business owners across the Emirates are bracing themselves for a big change. Historically, the UAE has operated one of the simplest taxation systems in the world. But in …
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UAE set to be removed from EU blacklist of tax havens
The European Union will probably remove the UAE and South Korea from a blacklist of tax havens later this month. Following “new commitment letters signed at high political level,” the EU’s Code of Conduct working group on business taxation …
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UAE will complain to UN over Qatar war planes
The United Arab Emirates will lodge a complaint against Qatar at the United Nations’ aviation agency on Tuesday after Qatari war planes allegedly intercepted UAE civilian aircraft, a UAE official said. The UAE said on Monday that Qatari air force jets …
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Dubai Land Launches Real Estate Promotion Plan
The Dubai Land Department (DLD) has launched its 2018 real estate promotion plan for the Real Estate Investment Management and Promotion Centre, the department’s investment arm. DLD held a press conference in the presence of Sultan Butti bin Mejren …
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Dubai’s biggest bank defends blocking some cryptocurrency transfers
“It is unfortunate to see one of the UAE’s major financial institutions taking such a position on products built using this innovative and much in demand technology,” the statement added. “We continue to actively build strong relationships with …
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Dubai Plans to Launch 20 Blockchain-Based Services in 2018
In fact, blockchain technology is already being used for land registry transactions. Other government sectors, such as Department of Naturalization and Residency Dubai, are also running pilot programs. Additional departments, including Dubai Customs …
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