Following the news of the deal on Tuesday, the United Arab Emirates (UAE) Supreme Petroleum Council issued a statement denying Abu Dhabi’s role in reaching the agreement with QP. Abu Dhabi is one of seven emirates of the UAE. “Al-Bunduq oilfield is shared …
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Dubai Police jobs two steps away for Emiratis
An identity is enough for Emirati jobseekers to work with the Dubai Police. The intelligent, smart job platform was launched on the sidelines of the three-day Careers UAE 2018, which began in Dubai on Tuesday. The applicant is urged to use a smart device …
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UAE, Qatar Warily Extend Joint Oilfield Concession
Perhaps the answer lies in the explanation one source from the UAE gave Arabian Business: “This concession was recently extended by each respective government to the Japanese consortium with no direct communication or engagement between the two states.”
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Dubai’s Department of Finance and Deloitte sign strategic partnership for the implementation of IPSAS
UAE. The Department of Finance (DOF) of the Government of Dubai announced a strategic partnership agreement with Deloitte to enable the Government of Dubai to implement International Public Sector Accounting Standards (IPSAS). DOF signed the agreement with …
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UAE Banks Federation chief sees higher loan growth, profitability in 2018
The banker, who is also the chief executive of Dubai-based Mashreq Bank, forecast loan growth of 5 per cent to 6 per cent on aggregate for banks in the UAE this year compared to 4 per cent last year. At the same time, the profitability of banks is likely …
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Sharjah Health Authority Signs MoU With Aster DM Healthcare To Expand Healthcare Coverage For Residents
Sharjah Health Authority and Aster DM Healthcare, a leading private healthcare provider signed a Memorandum of Understanding (MoU) to provide Sharjah residents with top quality medical care ranging from primary to quaternary care at discounted rates. The …
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Abu Dhabi developer Modon appoints Arabtec for show villas in mega project
Abu Dhabi developer Modon Properties has appointed Dubai’s Arabtec Construction to build a show village in Khalifa City, it announced on Tuesday. It will feature nine show villas targeted at Emiratis and is expected to be ready by the fourth quarter of …
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The Real Reason the SEC is Cracking Down on ICO Companies
ICO skeptics have previously stated that in some instances, large investors like hedge funds get preferential terms and discounts, then they cash out. This practice has drawn similarities to initial public offerings in the 90’s where preferred investors …
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Abu Dhabi gives $ 17.4 million to fund 2 renewable energy projects in Seychelles
(Seychelles News Agency) – Seychelles will receive funding for two renewable energy projects at a price of $17.4 million from the Abu Dhabi Fund for Development (ADFD), a communique from Seychelles’ embassy in the United Arab Emirates said on Monday.
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Qatar, UAE extend oil field concession to Japan amid crisis
DUBAI, United Arab Emirates – Qatar and the United Arab Emirates have each extended a concession to an offshore oil field they share to a Japanese consortium despite a diplomatic crisis between the two of them tearing at the region. Both Qatar and the …
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Dubai among world’s best for FDI in real estate sector
Dubai is among the world’s top destinations for foreign direct investment (FDI) in the real estate market, according to new research from consultants JLL. In a new report entitled “World Cities: Mapping the Pathways to Success”, JLL identified Dubai …
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Dubai’s Ultra-Wealthy Population Poised for Boom
Ultra-wealthy residents of Dubai will grow by 60% over the coming decade, refueling the currently depressed luxury property market there, according to a report released Wednesday by Knight Frank. The city’s ultra-high-net-worth population—those worth …
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Dubai’s Damac issues new tender for Aykon City tower
Damac Properties on Monday said it has issued a new tender for main works for a second tower at its six-tower, premiere luxury master development, Aykon City, overlooking Dubai Canal. The tender will be awarded for the tower construction which includes …
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Dubai Land Dept values properties worth $78bn in 2017
Dubai Land Department (DLD) has confirmed that it successfully conducted 8,173 real estate valuations worth over Dh287 billion ($78.1 billion) — the highest value ever recorded — in 2017. According to a report issued by Taqyeem, Dubai’s Real Estate …
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Omniyat’s Dubai Water Canal project to be managed by Dorchester Collection
The property developer also announced that the project was designed by award-winning architectural firm Foster + Partners. Located at Marasi on Dubai Canal, Private Residences will be one of the first in the region to be managed by the London-based …
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A Philippine unicorn is building prefab homes in Dubai’s World Islands
Conceived by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, The World Islands are a project of state-run developer Nakheel Properties. Your browser does not support the video tag.
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Revolution Precrafted tapped for Dubai project
By Arra B. Francia, Reporter REVOLUTION PRECRAFTED is partnering with a luxury property developer for a $3.2-billion project in Dubai, as the start-up pushes expansion overseas in a bid to be valued at $10 billion by 2020. The company announced on Monday …
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