Abu Dhabi ranked last in Knight Frank’s latest quarterly Global Residential Cities Index assessing nominal residential property price growth around the world. Home values in the emirate collapsed more than 9 percent in the year to Q3 2017, the biggest …
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UAE mangroves the largest in the Gulf, study finds
After decades of conservation, the mangroves in the UAE have grown to become the largest in the Arabian Gulf coast, according to a new study. Analysis of satellite images acquired from the King Abdul-Aziz City for Science and Technology recently published …
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Sheikh Mohammed issues Decree regulating property sales
The Department of Land and Property in Dubai will issue the title deeds for the buyer only if all the conditions for the transaction are met. The Decree specifies the terms and conditions for selling inherited property, trading properties, purchasing …
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Dubai roads to close for five-day cycling tour
Dubai’s Roads and Transport Authority has announced a series of road closures throughout the city and wider UAE for annual cycling event the Dubai Tour. The closures will affect 870km of roads in total from 11:10am to 3:30pm over a period of five days …
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UAE’s Al Jaber Group said to be close to $1.6bn debt restructuring
Although the conglomerate, which was founded by the Al-Jaber family in 1970, has struggled since a downturn in construction hit the UAE after the global financial crisis, its outlook for 2018 onwards is positive, the company source told Reuters.
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Alma Retreat: How a desert wellness camp is changing the UAE’s glitzy reputation
They’re just not very Dubai. Which is where Ras al-Khaimah comes in … and intricately patterned electric lamp add a little luxury, and while there’s no wifi, those who can’t face a digital detox can charge their tech. Every cabin has a roofless …
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Dubai launches world’s first floating drive-thru
Dubai has revealed the Aqua Pod concept, the world’s first sustainable floating drive-thru, serving a range of burgers. Sea-goers will be able to satisfy their hunger while at sea and pull up to enjoy food and beverages as they would from a traditional …
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Dubai Islamic Bank launches $1bn sukuk
Dubai Islamic Bank has launched a five-year $1 billion sukuk due to mature in February 2023, the bank announced on Wednesday. The issuance, which emanates from the bank’s $5 billion sukuk programme, carried a profit rate of 3.65% and marks the first …
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Gandhi statue unveiled in Abu Dhabi
Abu Dhabi: India Social and Cultural Centre (ISC) in Abu Dhabi installed a statue of Mahatma Gandhi, India’s Father of the Nation, on its premises on Thursday evening. The Indian Ambassador to the UAE, Navdeep Singh Suri, unveiled the statue in the …
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In Aramco IPO, China talks crucial for choice of listing venue
London, Dubai: Saudi Arabia wants to complete talks with strategic … The decision shows the initial public offering (IPO), which could be the biggest in history, is becoming an increasingly difficult balancing act for Riyadh. Saudi officials have said …
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In Aramco IPO, China talks crucial for choice of listing venue – sources
LONDON/DUBAI (Reuters) – Saudi Arabia wants to complete talks with … The decision shows the initial public offering (IPO), which could be the biggest in history, is becoming an increasingly difficult balancing act for Riyadh. Saudi officials have said …
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Mother of special needs child opens therapy facility in Dubai
Dubai: A mother’s experience with her daughter who suffers … under one roof,” Jafar told Gulf News. High Hopes opened its doors to the public in November 2017, and was inaugurated by Princess Haya Bint Al Hussain, wife of Shaikh Mohammad Bin Rashid …
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UAE lenders upbeat about growth prospects in 2018
First Abu Dhabi Bank PJSC expects its loan book to grow by a mid-single digit percent this year compared with a 1 percent decline in 2017. Dubai’s biggest lender Emirates NBD PJSC also sees a mid-single digit percentage growth compared with a 5 percent …
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Schools police patrols in Dubai
Dubai Police launched new patrols specialised in securing traffic around schools and to raise awareness of safety among pupils and bus drivers, police announced on Thursday. The new initiative called ‘Schools Security’ is part of Dubai Police’s plan …
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Caution: 5 days of road closures for Dubai Tour
Dubai: Motorists should plan their routes in advance next week due to a number of road closures set to take place from next Tuesday. Dubai Tour, a professional cycling competition that take place every year in the UAE, will run from February 6 -10, 2018 …
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Mohammad Bin Rashid issues Decree regulating sale of lands and houses granted in Dubai
Dubai: In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Shaikh Mohammad bin Rashid al Maktoum issued Decree No. (1) of 2018 regulating the sale of lands and houses granted in Dubai. The Decree aims to provide …
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UAE cyber firm DarkMatter slowly steps out of the shadows
DarkMatter, a growing cybersecurity company in the United Arab Emirates that’s recruited Western intelligence analysts, is stepping out of the shadows amid concerns by activists about its power and potential targets. The company’s founder and CEO …
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