UAE Vice President and Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum has announced the appointment of a new head of Dubai Municipality. Dubai Media Office confirmed the departure of current director general Hussain Nasser Lootah in a …
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Three solar-powered fire stations open in Dubai
Dubai has completed the construction of three new fire stations, collectively worth $12.2m (AED45m), as part of drive to boost the number of emergency crews in the emirate. The so-called Civil Defence stations are in Nad Al Shiba, Al Mizhar, and Jebel Ali.
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UAE supermarkets to have month-long 50% sale
The UAE is to decrease the prices of most goods and food items by 50 per cent this month to coincide with the International Day of Happiness. The Ministry of Economy’s director of consumer protection told The National that prices will decrease “between …
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Arab offer for Milan?
It’s reported that a member Dubai’s royal family is interested in buying Milan, amid doubts over Yonghong Li’s finances. The Rossoneri were bought over by the Chinese businessman last April, but a loan from US hedge fund Elliot Management was required …
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From Switzerland To Singapore: The World’s Top Tax Havens
Now it deals with some of the world’s biggest banks, corporations and hedge funds. On the FSI secrecy index … And no one’s entirely sure how much offshore money is flowing through here. Dubai, servicing massive regional oil wealth, gets the highest …
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Facebook groups edging out property brokers?
With property prices starting to show signs of life in some communities in Abu Dhabi, what is top of mind for real estate executives in the capital? Executives from the UAE capital’s top real estate firms discussed the issue in a forum led by …
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Sheikh Saad backs Dubai-based cryptocurrency
If successful, it is hoped that jCash will provide smart contract technology to facilitate everyday transactions such as mortgage payments and property ownership transfers. “Dubai’s Crown Prince Sheikh Hamdan’s vision of having Dubai the blockchain …
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Sharjah students accused of triggering two fires in school
A number of students from a public Sharjah high school are facing arson charges for starting two fires on the school premises – suffocating students and school staff members. Both incidents happened last week within 48 hours, causing concerned authorities …
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Report: Dubai Tour and Abu Dhabi Tour to merge in 2019
The UCI will decide on the dates.” RCS, which organizes both the Dubai Tour and the Abu Dhabi Tour but does not own the races, offered no official comment on the news as of Wednesday afternoon.
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Abu Dhabi and Dubai Tours to merge in 2019
The website reported that a memorandum of understanding was signed by the Abu Dhabi and Dubai Sports Council on Wednesday, calling for a WorldTour race that will consist of seven stages and make a greater impact than two separate UCI races, the 2.HC Dubai …
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Dubai airport increases parking rates
“The changes to parking rates introduced at Dubai International in 2018 are the first in a decade,” the spokesperson told Gulf News. Rates have jumped generally for the first hour by Dh5 to Dh10 depending on the parking area at the airport, one of the …
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Dubai plans first AI-powered renewable energy digital utility
He added: “Our 10X response will focus on four pillars to deliver a new utility experience for Dubai and the world – solar, energy storage, autonomous services, and digital, all in an effort to make Dubai a global model for clean energy and green economy …
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MENA IPO activity to gain momentum in 2018
The MENA IPO value, or capital raised, amounted to $2.5bn in Q4 2017, over ten times the capital raised last year and the highest since 2014. The UAE led the MENA IPO market in value, having raised a cumulative of $2.2bn in capital, primarily contributed …
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Dubai launches project to predict future of human health
Dubai Health Authority (DHA) has announced plans for a Human Genome Project which seeks to upgrade skills among medical professionals and forecast the future of human health. It aims to perfect gene scanning to detect changes in the genes, chromosomes, and …
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With the luxury landscape changing, Emaar makes bold bet on Dubai Mall expansion
But with the pulling power of Dubai Mall, able to attract tourists and local residents alike, he said that Emaar shouldn’t have too much of a problem. Several analysts told Gulf News that Emaar had already signed up the majority of spaces on Fashion …
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Dubai Islamic Bank Shines Again With Twelve Distinctive Accolades at Islamic Finance News Awards
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, received twelve awards at the prestigious Islamic Finance News (IFN) Awards 2017. The Bank was recognized as the “Best Overall Islamic Bank”, “Best Islamic Bank in the UAE”, “Most …
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Dubai Property Rebound Fails to Materialise
Four months after rejecting a broker’s advice to slash his rent demands on a new Spanish-style villa in Dubai, the homeowner was ready to accept a 20 percent cut on the still vacant property. The broker, Akbar Ladak, wasn’t surprised. More landlords …
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