Dubai: There was quite a bit of end-of-the-year cheer for UAE’s economy, with business conditions for the “private sector improving at its best pace” in 34 months during December. New orders and output gains were helped by higher export orders …
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UAE non-oil private sector growth hits 34-month high
The Dubai Bank’s purchasing managers’ index, produced by IHS Markit, showed business conditions improving at the sharpest pace since February 2015 with steep expansion in output and new orders and strong export demand growth. This meant the headline …
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Trade, Tourism Main Drivers of UAE’s Growth Over Next 5 Years: Analysts
Mathew said the UAE has been known for its tax-free status and a move towards introducing tax may need a significant overhaul of how the business operates in the region especially for the unorganised SME sector. “SMEs are going to face challenges …
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Nakheel awards $105m deal to build all-inclusive Dubai resort
Deira Islands, which is expected to have a population of 250,000 and to create 80,000 jobs, will add 40km of coastline to Dubai. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC …
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Dubai Duty Free has record sales in 2017, reversing a two-year decline
The gain in 2017 reversed two years of decline in sales at Dubai Duty Free. “We are pleased to announce such a positive year with 2017 marking our thirty-fourth year in business,” said Colm McLoughlin, executive vice chairman and chief executive officer of …
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Look: Dubai lights up with Thank You’s
Dubai: The accession day of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has been dedicated to Abu Dhabi’s Crown Prince. And on cue, the city of Dubai lit up on Wednesday night to …
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Man stabbed brother to death over car in Dubai
Dubai: A 21-year-old Emirati man stabbed his brother to death with a knife over an argument regarding their father’s car, the Dubai Court of First Instance heard. The Emirati man, identified as A.Z., attacked his brother and stabbed him in the abdomen …
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New tech-driven property management system is talk of Dubai
DUBAI — A new tech-driven property management system conceived in Dubai will transform the way real estate agents and landlords communicate and help tenants resolve issues quickly and more efficiently, its designers say. Devised by fäm Properties, one …
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wasl properties completes final phase on heritage project
wasl properties has confirmed that it completed the wasl district heritage project in Dubai in December. The wasl Asset Management Group subsidiary started work on the residential and commercial property scheme after the launch of the adjoining wasl …
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A ‘Beach Palace’ in Dubai With Amenities Galore
High-end detached villas remain the most popular property for super-rich buyers in Dubai, despite growing numbers of developments of luxury apartments, including those being built near at the Royal Atlantis also on the palm. While the home is still on the …
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Dubai resort, a jewel in Bulgari crown
Bulgari Resort Dubai, a ‘jewel’ in the crown of Bulgari brand, received its first guests last month following the unveiling of the luxury property to a select audience at a gala event. Exclusively situated on the man-made seahorse shaped island of Jumeirah …
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Saudi’s Dar Al Arkan eyes IPO to sell 30% of property subsidiary
An initial public offering (IPO) will be floated to sell the stake in Dar Al Arkan Properties Company. READ: Dar Al Arkan launches $218m project with Roberto Cavalli in Dubai Samba Capital and Investment Management Co has been appointed as the IPO’s …
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Off plan sales dominating residential market in Dubai going into 2018
Off plan sales continue to dominate the residential property market in Dubai which experts believe is partly due to the recent mortgage cap introduced by the emirate’s Central Bank. Many commentators believe that the cap which means expats need a minimum …
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New opening: Marriott leads a Renaissance in Dubai
This is not the first time the Renaissance brand has been active in the emirate of Dubai. In the 1990s, the 281-key Renaissance Deira was located in what was then prime real estate. However on March 1, 2011, that property was reflagged under the Crowne …
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Review: Le Méridien Fairway Dubai — TLDR Not Great, Don’t Do It
As with my stay in Abu Dhabi, I wanted to sample one of Starwood’s more economically-priced properties in Dubai, as the higher-end hotels have been extensively covered by others. The Le Méridien Fairway in Dubai had a very reasonable prepaid …
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UAE issues first VAT inclusive purchase order
The UAE’s Ministry of Finance (MoF) on Tuesday issued the first VAT inclusive purchase order, and approved the first VAT invoice on its federal financial system. The milestone for the UAE’s tax system follows the launch of value added tax on January 1.
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UAE Finance Ministry approves first VAT invoice
UAE: The Ministry of Finance today issued the first VAT inclusive purchase order, and approved the first VAT invoice on its federal financial system, becoming the first federal entity to implement tax procedures and issue a tax invoice in 2018. The …
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