The sharp rise to 55% of buyers financing their home is a sign of maturity in the UAE real estate market, as more and more residents take advantage of low borrowing costs to buy a property. Indeed, the pendulum officially swung from majority cash-buyers to …
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Coming soon: UAE Park in China
Dubai: Dubai Municipality announced on Wednesday that UAE Park will officially open in December in Nanning, the capital of the Guangxi Zhuang Autonomous Region, in southern China. The civic body, which will represent the UAE in Expo 2018 China, has …
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Dubai Police hunt for security guard who ran away with Dh5 million
Dubai: Dubai Police are hunting for a security guard who stole Dh5 million from a money transport vehicle, which was refilling cash from an ATM in a shopping mall, Gulf News has learnt. Dubai Police officials said the incident happened at 10:30pm on …
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Small is beautiful for this Sharjah artist
Sharjah: She can hold four dishes in the palm of her hand without worrying about dropping them. That’s because these are only mini replicas of the actual dishes. Meet Samira Amin, a Pakistani artist based in Sharjah, who has created over 100 miniatures …
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Dubai digital bank allows you to split bills via social media
Launched in early 2017, Liv. is the UAE’s first digital-only bank which curates a daily feed of personalised lifestyle promotions and offers for its customers, supported by a growing number of partner brands which include Careem, Zomato, Tesla and …
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UAE solar energy startup Pawame raises over $2m
Pawame, a UAE based solar start-up, has secured $2 million in funding … It offers the cost-effective, pay-as-you-go solar home systems to remote areas of Africa on a micro-finance basis. The funding raised will also fuel its expansion in Kenya and …
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Dubai index falls below key 3,200 level
The Dubai Financial Market General Index closed 0.72 per cent lower at 3,181.96 on Wednesday after trading in the range of 3,200-3,300 since February 17. “The index shall extend the fall to the 50 per cent and the 61.8 per cent Fibonacci retracement …
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UAE-based solar energy start-up Pawame raises over $2 million
The company provides reliable, cost-effective pay-as-you-go solar home systems to remote areas of Africa on a micro-finance basis, making it affordable for everyone. Its investors are primarily GCC based, with its largest shareholder being senior …
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Abu Dhabi International Airport named 2017th Best Airport in the Middle East for the second year
Airports Council International (ACI) World has announced Abu Dhabi International Airport (AUH) as the winner of “Best Airport in the Middle East”, for the second year in a row, at its annual Airport Service Quality (ASQ) Awards. The ASQ is the only …
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Tom Cruise currently filming in Abu Dhabi
A representative for twofour54, the primary production house in Abu Dhabi, could not provide a comment when Gulf News tabloid! reached out. Cruise was also seen in Dubai last weekend. Ahmad Al Shaikh, a media personality, posted a photo with Cruise on Twit …
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Abu Dhabi inflation jumps with VAT introduction, but restrained by housing
DUBAI: Abu Dhabi consumer price inflation more than doubled in January as the UAE introduced a 5 percent value-added tax, with a weak real estate market preventing inflation from increasing even further, official data showed on Wednesday. Annual inflation …
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Where to find the best government service in Dubai
Dubai: The government of Dubai has ranked its services, and has revealed where customers can find the best customer service in the emirate. Smart Dubai ranked government services for 2017 and based the results on the Happiness Metre, a gauge that measures …
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UAE economy most diversified of all oil-based nations, UN environment chief says
Plans were also announced last year for the world’s largest concentrated solar power project to be implemented in Dubai. The largest single-site project will generate 700 megawatts of power when completed, state news agency WAM reported. Depending on …
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Under The Leadership Of HE Razan Al Mubarak, Abu Dhabi Launches The Arabic Translation Of The Natural Capital Protocol
Hosted by the Abu Dhabi Sustainability Group (ADSG), the fourth annual Abu Dhabi Sustainable Business Leadership Forum started in the capital today, bringing together some of the greatest names and companies at the forefront of sustainable business across …
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London’s best argument for staging Aramco IPO: It is not New York
LSE officials can advance several plausible arguments why it should stage the Aramco IPO. David Hodson, veteran oil executive and financier and managing director of Dubai-based Blue Pearl Management, said: “The big thing London has going for it is that …
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Indian Nationals Invested $22.6 Billion in Dubai’s Real Estate in 5 Years
Properties worth Dh83.65 billion ($22.6 billion) were bought by Indian nationals in Dubai from 2013 to 2017, according to statistics compiled by the Dubai Land Department (DLD). Indian nationals, who are the biggest foreign investor group in Dubai’s real …
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Saudi Acwa Power picks JPMorgan, Citi for IPO: sources
Dubai: Saudi Arabia’s ACWA Power has selected JPMorgan, Citigroup to arrange the initial public offering of its shares, which could raise up to $1 billion, sources said. The two international banks have been selected as global coordinators and a third …
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