One day in August 1995 a man called Foutanga Babani Sissoko walked into the head office of the Dubai Islamic Bank and asked for a loan to buy a car. The manager agreed, and Sissoko invited him home for dinner. It was the prelude, writes the BBC’s Brigitte …
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Dubai property market ‘continues to show growth’, says Damac’s Sajwani
Dubai’s property market continues to show signs of growth with increasing demand returning to the market, according to Damac Properties chairman. The luxury developer reported a net profit of $762 million in its yearly profits announced earlier today (a …
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Emaar’s Dubai property sales jump 25% to Dh18 billion
(MENAFN – Khaleej Times) Dubai – Emaar Properties 2017 net profit jumped to Dh5.7 billion as against Dh5.23 billion in the previous year, an increase of nearly nine per cent. It recorded a net operating profit of Dh5.704 billion ($1.553 billion) during …
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Dubai space center is joining the race to Mars
“We want to create our own missions and develop our own satellites,” said Salem Humaid AlMarri, assistant director general for science and technology at the Mohammed bin Rashid Space Center in Dubai. First Arab satellite The top priority is to send a …
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Dubai attracts record number of international business events
Dubai hosted a record number of international business events last year. A total of 212 business events and international conferences were held in Dubai during 2017, an increase of 64 percent on the previous year. The various events across the emirate …
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Dubai attracts 212 international business events in 2017
DUBAI, February 14th, 2018 (WAM) — The Dubai Business Events of the Dubai Corporation of Tourism and Commerce Marketing in Dubai, has announced that Dubai hosted 212 business events and international conferences in 2017, through which it attracted about …
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Injured Maria Sharapova pulls out of Dubai
February 15, 2018 11:40am EST February 15, 2018 11:40am EST Tennis, WTA, News, English, Maria Sharapova, Dubai Tennis Championships, WTA Tour An unspecified injury, thought to be pain in her forearms, has caused Maria Sharapova pull out of the Dubai Tennis …
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Sharapova, Keys pull out of Dubai
(Reuters) – Former world number one Maria Sharapova and U.S. Open finalist Madison Keys have pulled out of next week’s Dubai Duty Free Tennis Championships, the tournament organizers said on Thursday. Five-times grand slam winner Sharapova, who had a …
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Dubai Business Events sees record 212 bids in 2017
Dubai Business Events (DBE) secured a total of 212 bids throughout 2017, representing its most successful year to date, the city’s official convention bureau has announced. As a result of secured bids and proposals in 2017, Dubai is set to welcome an …
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Apartment rents on the rise in Abu Dhabi
“Abu Dhabi apartments for rent are a tale of two cities,” said … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Abu Dhabi’s Aldar Properties Q4 profit tumbles
Aldar Properties, the state-linked builder of Abu Dhabi’s Formula One circuit, reported an 80 per cent fall in fourth-quarter profit due to a one-time charge, its chief financial officer said on Thursday. Aldar made a net profit attributable to owners of …
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Abu Dhabi’s Aldar reports 34% growth in 2017 underlying profit
Aldar Properties has released details of its 2017 financial performance, announcing a 34% hike in its underlying gross profit for the year. In a statement, the Abu Dhabi-headquartered property developer revealed that its 2017 underlying profit reached $ …
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Dubai’s Emaar Properties sees Q4 profit dip amid higher costs
Emaar Properties reported a 16 per cent slide in fourth-quarter net profit on Wednesday as costs weighted on Dubai’s largest listed developer. Emaar’s weak performance follows results from fellow developer Damac Properties earlier, which showed a …
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Panamanian president to attend Global Business Forum on Latin America
Juan Carlos Varela Rodríguez, president of Panama will attend the second edition of the Global Business Forum on Latin America in Dubai. Wed 14 Feb 2018 10:36 AM The second edition of the Global Business Forum on Latin America will see some of the world …
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UAE telco Etisalat Q4 profit falls 12%
UAE telecoms company Etisalat on Wednesday reported a 12 percent fall in fourth-quarter profit, according to Reuters calculations. Etisalat, which directly and indirectly operates in countries across the Middle East, Africa and Asia, made a net profit of 1 …
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16th Annual Family Forum Kicks off in Sharjah
Themed “By Morality, Nations are Built,” the Family Forum will run until 15 February. She pointed to the role of the Family Development Centres, as well as Sharjah’s Family Guidance Centre, in setting up the first Family Court in the UAE. She also …
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Indian media scrambles after being called out on fake news clip on UAE
Several media outlets across India are scrambling to control the damage after falsely attributing a two-year-old viral video where an Emirati columnist says “Jai Siya Ram” to His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi …
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