The Dubai Chamber of Commerce and Industry recently organised a trade mission to Chengdu where delegates explored prospects for boosting economic cooperation between Dubai and China’s Sichuan Province. The Chamber-led delegation, represented by top UAE …
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Dubai Islamic Q1 profit surges 16pc to $330m
Dubai Islamic Bank, the first Islamic bank in the world, has posted a net profit of Dh1.211 billion ($330 million) for the first quarter of 2018, up 16 per cent compared with Dh1.042 billion for the same period last year. Total income increased to Dh2.697 …
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Nakheel to sell 1,150 apartments near Dubai’s Dragonmart
MADRID: The property developer Nakheel is set to begin selling about 1,150 apartments in a major tower development to be built at its Dragonmart retail complex on the outskirts of Dubai. The Palm Islands developer is tendering the project, which was …
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Aldar to launch $2.7bn mega project near Dubai-Abu Dhabi border
Aldar Properties has announced the launch of a new AED10 billion ($2.7 billion) masterplan that will incorporate and greatly enhance one of its already established destinations – Alghadeer, which sits close to the border of Abu Dhabi and Dubai.
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Kerzner plans new One&Only property in Dubai
Dubai does it again – One&Only hotel will be part of the One Za’abeel development which has the world’s largest cantilever – it ‘floats’ 100 metres above ground… The group will launch a hotel within the One Za’abeel development, seen as Dubai’s …
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Emaar Properties : Mega-malls? Think ‘village squares and parks,’ says Emaar boss
Mohammed Alabbar, chairman of the Dubai-listed Emaar real-estate company: ‘You should update your business as often as your phone.’ (AFP) The nature of entertainment was also changing fast, he said. “We are designing malls now with parks, music …
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It’s time for digital payments in the UAE
with 69 per cent interested in paying using fingerprint recognition and 56 per cent keen to pay using eye scanning technology. This has led analysts to estimate that the UAE Mobile Wallet Project is expected to see Dh50 billion in payments switched from …
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Abu Dhabi’s Aldar Properties eyes new acquisitions
Aldar Properties plans more acquisitions as it sees opportunities in a slowing property market, its chief executive said on Tuesday. Late last year the Abu Dhabi-based developer bought an office tower in the emirate for Dhs658m ($179m). Read: Abu Dhabi’s …
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Debate over $2tr Aramco IPO valuation hots up
David Hodson, Dubai-based expert in energy finance and managing director of BluePearl Management consultants, said: “There is always a lot of positioning around an IPO. With one this big and important, there are so many more moving parts. In particular …
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VAT relief for gold on the cards in UAE
The UAE’s gold jewellery trade hopes for a surprise in the form … “This means, there will be no actual payment of VAT on business to business transactions. Under the Reverse Charge Mechanism, there will only be documented entries of five per cent VAT …
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Transforming trash into treasure at World Art Dubai
Dubai: A Dubai resident known for wearing every piece of trash she generates is reinforcing her message this month to reduce waste by showcasing her recycled artwork at the World Art Dubai exhibition. Opened on Wednesday, the exhibition taking place at …
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Seventh Dubai HeliShow to kick off in November 2018
The seventh edition of Dubai HeliShow, the biennial international helicopter technology and operations exhibition dedicated to the helicopter industry, will be held from November 6 to 8, 2018, at the Royal Pavilion, Al Maktoum International Airport …
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7th Dubai HeliShow to kick off in November
DUBAI, 18th April, 2018 (WAM) — The 7th of Dubai International Helicopter Technology and Operations Exhibition, Dubai HeliShow, is set to take place from 6th to 8th November, 2018, at the Royal Pavilion, Al Maktoum International Airport, Dubai South.
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Hyperloop Transportation Technologies Moves Forward with First Commercial Hyperloop System in the UAE
PLAYA VISTA, Calif., April 18, 2018 /PRNewswire/ — (VIDEO/IMAGES) HyperloopTT and Aldar Properties sign an historic agreement for the world’s first commercial Hyperloop system of 10km in critical development area between Abu Dhabi and Dubai– Hyperloop …
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Dubai Investments Unveils New Corporate Logo, Brand Identity
The new logo also echoes Dubai Investments’ strategic roadmap on sustained investments that transcends sectors and geographies in an evolving business landscape.
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Exclusive – First Saudi Arabian-linked banks join al-Gosaibi debt settlement plan
DUBAI (Reuters) – Two Saudi Arabian-linked banks have become … Reuters was not able to confirm the buyer of the debt, but hedge funds and other traders specialising in distressed debt have shown an increased interest in the debt of AHAB and Saad in …
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Dubai’s DIFC launches new drive to attract Asian investment
Dubai International Financial Centre (DIFC … DIFC is also home to China’s four largest banks in terms of total assets – Bank of China, Agricultural Bank of China, ICBC and China Construction Bank Corporation. The new initiative also aim at offering …
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