Austria’s OMV has signed a deal worth $1.5 billion for a 20 percent stake in two offshore concessions in the United Arab Emirates’ capital, Abu Dhabi. The oil and gas company, which is based in Vienna and is part-owned by a subsidiary of Abu Dhabi’s …
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3.9% price inflation in Abu Dhabi for first quarter of 2018
Abu Dhabi: The inflation rate in consumer prices for the first quarter of 2018 stood at 3.9 per cent compared with the same period of 2017, the Statistics Centre of Abu Dhabi (SCAD) reported. The centre’s monthly report on the consumer price index (CPI …
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Abu Dhabi Islamic Bank to enjoy stronger capital base after robust earnings: report
Pharos upgraded its fair value evaluation (FV) of Abu Dhabi Islamic Bank (ADIB) to EGP 29 per share, according to a recent report issued by Beltone Financial. The upgrade reflects the current valuation of the bank excluding any plans for a rights issue …
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Registration is Open for 2nd Solar Decathlon Middle East in 2020, With Prizes Totalling Over AED20 Million for the Two Competitions
DUBAI, United Arab Emirates–(BUSINESS WIRE)–Dubai Electricity and Water Authority (DEWA) has announced that registration is now open for the second Solar Decathlon Middle East (SDME). SDME was created through an agreement between Dubai Supreme Council …
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Dubai Properties’ 1/JBR reaches 40% completion
RELATED ARTICLES: Dubai Properties begins handover of Mudon’s Arabella townhouses | Dubai Properties completes marina at Marasi Business Bay project | Dubai Properties confirms new group CEO’s appointment Dubai Properties’ 1/JBR residential building in …
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UAE- Apple working on wireless AR, VR headset: Report
(MENAFN – Khaleej Times) Apple is reportedly working on a standalone Virtual Reality (VR) and Augmented Reality (AR) headset that will combine both technologies. According to a report in CNET, the headset, code-named “T288”, would tap into the iPhone-maker …
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Top 20 salaries in the UAE 2018
For example, the UAE average was 26.74per cent lower than the previous year. This year, the UAE was found to be the second best paying country among the five Gulf Cooperation Council states covered with an average monthly salary of $8,315. This was 2.9 per …
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UAE telecom authority responds to suicide game
and confirmed that it does not exist on online platforms in the UAE. The announcement comes a couple of days after Gulf News reported the death of two Filipino students, aged 15 and 16, in an apparent case of suicide. Sources close to the students are …
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OMV, Abu Dhabi Set to Sign Oil Deal in Move on Global Expansion
OMV AG and its state-owned partner in Abu Dhabi are set to sign a $1.5 billion oil exploration agreement today in what could be the first major step for a joint global expansion in oil production and refining. Austria’s Chancellor Sebastian Kurz and Abu …
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Abu Dhabi property prices post mixed trends
The real estate market in the UAE capital Abu Dhabi have witnessed mixed trends in February with the rental prices witnessing a steep decline in most areas while the sales prices at most prime properties remaining steady, said a report by UAE property …
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Dubai to deploy cutting-edge devices in health care
Dr Mohammad Al Reda, director at the executive office for Organisational Transformation that is directly managing the innovative projects, told Gulf News that disruptive technology is available everywhere in the world today. In Dubai, the combined staff …
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Business Confidence in Dubai Continues to Rise, Survey
Plans are underway to increase investment and upgrade technology Recent Dubai Government initiatives to boost investment and cut costs will underpin further improvements in Dubai’s economy The latest business confidence survey conducted by the Department …
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New Dubai tunnel set to open on May 3
easing traffic moving into and heading out of Karama and Bur Dubai. It forms part of the Shindagha Corridor, a major infrastructure upgrade starting from Wafi Interchange and stretching all the way to Al Mamzar. — Gulf news. “The project is located at …
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UAE temperature seen rising up to 41°C on Saturday
Dubai: A hazy and partly-cloudy Saturday has been predicted by weathermen. The National Centre of Meteorology (NCM) has predicted clouds over the easter areas that may be convective at times — ‘convection clouds’ are ones that form and grow as the air …
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How urban efficiency can help create the UAE of the future
According to Business Monitor International, power demand is expected to increase throughout the UAE between 2012 and 2021, with projected consumption growth of 5.6 per cent. Considering the economic and environmental fluidity, the UAE should aim to keep …
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Redundancies and restructures in the UAE
Redundancy dismissals within the UAE are particularly challenging decisions to take … into redundancy procedures are transferring staff into different roles within the business, moving staff around their regional or global offices where capacity is …
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UAE contributes $50m to UNRWA
Occupied Jerusalem: United Nations Relief and Works Agency (UNRWA) has welcomed the $50 million (Dh183 million) contribution announced upon the directives of the President of the UAE, His Highness Shaikh Khalifa Bin Zayed Al Nahyan The move comes as UNRWA …
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