Dubai-based Nakheel is set to become one of the world’s first real estate developers to showcase its project portfolio using three-dimensional model technology, offering a cost-efficient, time-saving smart solution that gives clients full simulation and …
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Dubai is constructing a building that looks like a giant iPad and has so much technology it acts like ‘Iron Man’s armor’
Hong Kong architect James Law is developing The Pad tower that looks like an iPod and is full of technology that adapts to the environment. Law compares the architecture of the Dubai building to Iron Man’s suit of armor in that it enhances the capabilities …
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Indian Business & Professional Council in Dubai Highlights Efforts to Strengthen UAE-India Ties During Recent Meeting
The Indian Business & Professional Council (IBPC) in Dubai recently hosted a meeting in cooperation with Dubai Chamber of Commerce and Industry which commemorated the Year of Zayed and highlighted the Council’s efforts to strengthen UAE-India economic …
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UAE Space Agency reviews new satellite design
The UAE Space Agency, working in partnership with Khalifa University of Science and Technology and the American University of Ras Al Khaimah (Aurak), has reviewed the preliminary design of the MeznSat 3U CubeSat, which is being developed to monitor and …
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UAE restricts some online gaming websites
UAE’s attorney general has issued an order to block a number of online gaming websites, including Roblox, My Friend Cayla, Blue Whale, Cloudpets, and Mariam. The move by Dr. Hamad Saif Al Shamsi, UAE Attorney-General, follows reports received by him on …
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UAE, Lithuania set to boost trade, investment
Speaking to a visiting UAE business delegation led by the Dubai Chamber of Commerce and Industry in Vilnius, he said Lithuania plans to expand infrastructure at its airports and ports. “Lithuania is ripe with investment opportunities, especially within the …
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5 reasons to get an offshore bank account
With the low interest rate environment in the UAE meaning your savings often are not even keeping up with the real rate of inflation, banking offshore means you can enjoy significantly higher interest rates than what you’d find in UAE. Here are our …
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HSBC launches home loans for Abu Dhabi properties
Abu Dhab: HSBC on Tuesday launched home loans for select properties in Abu Dhabi in response to increased demand from customers. Eligible prospective home buyers interested in the Abu Dhabi market will be able to secure home finance with HSBC for completed …
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Noor Bank’s $500m sukuk listed on Nasdaq Dubai
Nasdaq Dubai has listed a $500 million sukuk of Noor Bank, one of the leading Shari’a compliant banks in the UAE. The capital raised supports Noor Bank’s continuing rapid growth as a fully scalable universal Islamic bank across the UAE active in a wide …
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More rain expected tomorrow in UAE
Dubai: Residents who woke up to a spell of rain on Wednesday after the sandstorm and dusty weather earlier in the week can expect more showers on Thursday. The National Centre of Meteorology (NCM) forecast light to moderate rain early on Thursday, the …
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The UAE’s largest fuel distributor, ADNOC Distribution, says it can help transform the region
Carey said the company was “investing heavily” in the technology it uses and the customer experience, including a 100 million UAE dirham investment in technology at its stations. “We just opened a partnership with Géant (an UAE-based retailer) in our …
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Calgary man moves family to Dubai for oil and gas job after 3 years of unemployment
Roseanne Cooper is packing as she prepares to take her kids to Dubai, where they’ll join her husband after his successful 25-year career in Calgary came to an end. There’s a garage full of memories packed up and ready to move. It represents a big step …
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China’s Fidu Properties opens office in Dubai
Leading Chinese real estate group has opened its regional office in Dubai, UAE. The launch of the company’s 8000-sq-ft unit at Emaar Square Downtown, coincides with its prominent participation in Dubai Expo 2020. With this move, Fidu has now officially …
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Dubai 2.0 has arrived
Off-plan sales played a large role in pushing Dubai’s overall property transactions to a whopping Dh258 billion in 2017, a 10 per cent increase from the previous year. But as we approach the middle of 2018, amidst the launch of several new off-plan …
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Dubai real estate market: Arbitrage
UAE. Over the last 6-12 months there has been a reversal of trends from off-plan to ready units as money flows switch from the former to the latter. There has been a slump in off-plan sales, while ready transactions remain relatively stable. This …
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Luxury property market keeps its shine
Many parts of Dubai have seen a decline in residential property prices over the last year and the luxury segment was no exception, with prime property prices falling 3.3 per cent last year, according to Knight Frank’s Prime International Residential Index.
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The New U.S.-UAE Aviation Agreement Changes Nothing
A similar U.S.-UAE deal was reached just in the past week … However, state-owned carriers Emirates and Etihad Airways will be required to publish audited financial statements annually. They also must “take steps” to avoid below-market deals with …
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