LONDON: A report by global investment advisers organization CFA Institute says the number one goal for UAE savers and investors is putting money aside to start a new business. Globally, the primary investment objective for international savers is …
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Dubai: Can the city of black gold go green?
It’s more environmentally friendly but currently only around 5 percent of Dubai’s water is produced this way. The government aims to increase this to 41 percent by 2030. Solar power plants that could reap the benefits of the region’s bountiful sun have …
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Parents in the dark about Dubai school reopening dates after summer break
Ras Al Khaimah and Abu Dhabi told Gulf News they have not received a reopening date from the ministry. A large private school group in the UAE had earlier said it has not received a reopening date for its non-Indian schools in Dubai. It is understood the …
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UAE, South Korea commit to boost ties in new sectors
Addressing government and business leaders at the business forum, Moon emphasised the historic and cultural ties that the UAE and South Korea share, and highlighted the important role that South Korean companies have played in the UAE’s development over …
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Dubai World Cup can be the making or breaking of a trainer
DUBAI: Beneath the thin veneer of razzamatazz here at Meydan on Saturday night will be a handful of men and women trying desperately to contain their nerves. The Dubai World Cup is racing’s most international fixture and with $30 million on the line …
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Smart Dubai, Business Sweden Sign Agreement to Amplify Cooperation in Data-Sharing and Smart Services
Smart Dubai has signed an agreement with Swedish trade and investment board, Business Sweden, at the Smart Dubai Office (SDO) headquarters in Dubai Design District (d3). The agreement seeks to encourage cooperation and the exchange of expertise between the …
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Homegrown, Skilled Life-Science Workforce Essential for Dubai’s Growth: Dubai Science Park
Seeking to enhance skill sets within the life-sciences industry and bridge the gap between academia and industry, Dubai Science Park (DSP), the holistic science-focused business community, invited key representatives from leading educational institutions …
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Bahrain, UAE say Qatari jets interfering with their flights
Qatar, which has complained about Emirati military aircraft violating its airspace, denied the UAE’s claims. Officials in Doha declined to comment on Tuesday when reached by The Associated Press. Bahrain’s state-run news agency said late Monday that Qatari …
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UAE, Bahrain Say Qatari Jets Buzzing Their Commercial Flights
Bahrain’s state-run news agency said late Monday that Qatari fighter jets passed underneath an Emirati plane with a tail number corresponding to an aircraft flown by the ruling family of Fujairah, one of the UAE’s seven emirates. The report said the …
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Dubai aspires to be ‘first city to democratise travel’
Dubai will be the first city to embark on the journey of democratising travel through the use of emerging technologies as it adds an additional distribution channel for hotels in its first phase. Launched at the World Government Summit by HH Sheikh Hamdan …
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Rising interest rates to support UAE bank profitability
Dubai: Increase in interest rates, combined with improving local economic growth, is expected to support the profitability of local banks through improved loan yields, bankers and analysts have said. Last week, the Central Bank of the UAE raised interest …
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Dubai finance firm hires ex-Emirates NBD CEO to lead Brexit charge
Lumina, the Dubai-based specialist corporate finance firm … is best known in the Middle East financial world as Group CEO of Emirates NBD. Pudner led the bank through the completion of one the region’s largest mergers. George Traub, managing partner …
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Less than a third of UAE investors trust their financial advisers, CFA survey shows
While over half of UAE investors use a financial adviser, less than a third consider them trustworthy, according to a new study from the CFA Institute on trust in the country’s financial services sector. Fifty-four per cent of UAE investors polled by the …
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Tesla taxis a big hit in Dubai
Dubai: Dubai’s fleet of Tesla luxury cabs have proven to be a huge hit among commuters, clocking 2.1 million kilometres since its launch last year. According to the Roads and Transport Authority (RTA), 75 more Model S sedans and Model X SUVs by Tesla …
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Dubai police arrest 5 drug dealers, seize 20kg heroin
Five people have been arrested for possessing 20 kg of heroin in a sting operation, Dubai Police said on Tuesday. Carrying out swift undercover operation, the Anti-Narcotic Department of Dubai Police arrested the drug dealers red handed in a Dubai hotel …
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Dubai’s non-oil trade with South Korea rises to $7.4bn
Of the total, AED22.1 billion were in imports, AED 4.47 billion in exports and AED866 million in re-exports, state news agency WAM reported. It said South Korea is Dubai’s eighth biggest trade partner in imports and ninth in exports. The figures have …
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UAE says Qatari fighter jets flew dangerously close to 2 civilian aircraft
Two Qatari fighter jets flew dangerously close to two civilian aircraft from the United Arab Emirates, according to UAE’s state news agency. UAE deemed it a “provocative action.” The UAE aircraft was forced to fly at a higher altitude. Two Qatari fighter …
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