As the United Arab Emirates (UAE) grows its solar capabilities, ABB solar inverters are helping villa owners in Hatta reduce energy bills by up to 40%. Earlier this month, UAE announced ambitious plans to invest $163bn to generate almost half the country …
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At drone fair, Chinese show off armed model likely in UAE
The Obama administration opposed selling the UAE armed versions of the Predator over Missile Technology Control Regime, a 30-year-old agreement that aims to limit the spread of missile technology. But that apparently didn’t stop the UAE from purchasing …
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UAE insurers report strong results supported by gains in underwriting income
Dubai: UAE insurers posted healthy top-line growth, improved operating profits and stronger shareholders’ equity in their 2017 financial results, according an analysis of the full-year results by Standard & Poor’s. “Based on our analysis, we consider …
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Net interest income growth boosts profitability of UAE lenders
The four largest banks — First Abu Dhabi Bank (FAB), Emirates NBD (ENBD), Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank (DIB), representing more than 60 per cent of total assets — reported strong growth in operating incomes. The gains were …
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Abu Dhabi hosts international trade show of military drones
The Unmanned Systems Exhibition & Conference is being held in Abu Dhabi, the capital of the UAE. Top UAE officials, including Abu Dhabi’s powerful crown prince, Mohammed bin Zayed Al Nahyan, were on hand for the event, which opened on Sunday. Among the top …
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Dubai climbs to 14th on city innovation index
A survey of Dubai’s business community conducted as part of the report showed 92 per cent of respondents believed that developing a business strategy that supports and encourages innovative thinking would improve their innovation capabilities.
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Abu Dhabi Business Center Registers 9,412 New Economic Licences In The Emirate
The total number of new economic licences in the Emirate of Abu Dhabi that were issued by Abu Dhabi Business Center of the Department of Economic Development, DED, reached 9,412 in 2017 compared to 9,089 new licences in 2016, indicating an increase by 3.5 …
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Mother Of The Nation Festival Returns To Abu Dhabi
Organised by The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), the third edition of the Mother of the Nation Festival is set to kick off on Abu Dhabi Corniche from 22nd March to 31st March 2018, offering an exciting range of events with …
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Sridevi’s body to be flown from Dubai soon
Authorities in Dubai are assisting the family of Indian actress Sridevi, who died of cardiac arrest in Dubai last night. Sources told Gulf News the legendary actress had collapsed in the bathroom. Her body is currently at the police headquarters morgue in …
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UAE-Argentina Business Platform opens Jafza office
AS part of efforts to strengthen trade ties between the UAE and Argentina, the Emirates-Argentina Business Platform is to open its office in Jebel Ali Free Zone (Jafza). The agreement follows a meeting between Sultan Ahmed Bin Sulayem, Group Chairman and …
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Djibouti seizes control of Dubai-run Doraleh port
Doraleh Container Terminal taken over by government, says Dubai-owned DP World has damaged national sovereignty. The government of Djibouti has seized control of a container terminal operated by United Arab Emirates-based DP World, saying that the contract …
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S&P says Dubai property slump to continue
A glut of housing units and weak demand were also key reasons for the decline, the credit ratings agency said in a report. A three-year downturn in Dubai’s property market will likely continue until at least 2020, Standard & Poors said today, citing low …
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Man scams Sharjah store using ‘money change’ trick
Sharjah: The Sharjah Police arrested an Arab man for stealing money from several stores in Sharjah’s Eastern Region. In the most recent case, police received a call from employees at the store reporting a theft, said Lieutenant Colonel Ali Al Dhanhani …
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UAE’s RTA unveils prototype of Hyperloop design
Accordingly, the Hyperloop can travel between Dubai and Abu Dhabi in 12 minutes, and lift about 10,000 passengers per hour in both directions. “When introduced in future, the Hyperloop technology will impact the town planning and the availability of …
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UAE to plug in first nuclear power reactor this year
Abu Dhabi: The UAE is due to commission the Arab world’s first nuclear power reactor this year. Of the four nuclear reactors with a capacity of 1400 megawatt (MW) each at Barakah in Al Dhafra region of Abu Dhabi, the first one is getting ready and the …
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Dubai Crown Prince visits Personal Status Court
Dubai: The UAE follows the approach of justice which was established as a human value rooted in the society by the founding father, Shaikh Zayed Bin Sultan Al Nahyan, said Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman …
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UAE closes in on Top 20 spot in ease of doing business
The UAE is on the cusp of breaking into the Top 20 countries when it comes to “ease of doing business”, in the latest rankings issued by the real estate consultancy Knight Frank. It managed to move up five spots to be placed 21st, while among the other …
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