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Month: December 2018

Posted on 31/12/2018

Why airlines must transform business models

Dubai International Airport leads globally in terms of international … geopolitical challenges may require them to revisit their strategies and transform their business models in order to continue t…
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Posted on 31/12/2018

UAE bank launches cardless cash withdrawal

UAE bank Emirates Islamic has launched cardless cash withdrawal through its mobile banking app. The Dubai-based bank, which has branches in all seven emirates, said customers can initiate the cash wit…
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Posted on 31/12/2018

UAE: Rights Defender’s Conviction Upheld

Al Nahyan has declared 2019 as the Year of Tolerance, to shine a spotlight on the UAE as a global capital for tolerance, instilling the values of co-existence and peace in local, regional, and interna…
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Posted on 31/12/2018

UAE activist Mansoor loses appeal against 10-year term: Amnesty

sectarianism and hatred”, state news agency WAM had reported. He was also accused of harming “national unity and social peace” and “the state’s reputation”. Mansoor was part of a group of activists kn…
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Posted on 31/12/2018

UAE court upholds activist’s 10-year sentence for ‘insulting the state’

sectarianism and hatred,” state news agency WAM had reported. He was also accused of harming “national unity and social peace” and “the state’s reputation.” Mansoor was part of a group of activists kn…
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Posted on 31/12/2018

Dubai’s real estate stocks rebounded on New Year’s Eve

Dubai’s real estate stocks rebounded on New Year’s eve, with Emaar Properties gaining 3.3 per cent and Damac Properties adding 4.1 per cent. Exchange data showed buying by local institutions …
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Posted on 31/12/2018

UAE- Midea Celebrates 50 Years in Business

The world’s largest air-conditioning and home appliances manufacturer, Midea, has experienced exponential growth in recent years Midea urges industry regulators and customers to be aware of …
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Posted on 31/12/2018

ADX wins IBMC UAE-INDIA Business Excellency Award 2018

Abu Dhabi Securities Exchange, ADX, has received the ‘IBMC UAE-INDIA Business Excellency Award 2018’. The award is a top international recognition that honours business excellence in India and the UAE …
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Posted on 31/12/2018

UAE online travel sales seen topping $4.7bn in 2018

Leisure vs. business travel Leisure tourism accounted for 52 per cent of the intermediaries’ online travel sales in the UAE, with the value of transactions in this category are expected to reach Dh4.3 …
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Posted on 31/12/2018

Six Reasons Why UAE Attracts Global Startups

A stronger economy will help entrepreneurs to grow their business fast and attract talent. The UAE cabinet has approved a zero-deficit federal budget of AED180 billion for 2019 to 2021. Meanwhile, nex…
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Posted on 31/12/2018

Stimulus to support UAE markets in 2019, analysts say

At the same time, the UAE government announced higher spending into the economy in 2019 which will support the business environment and gain more investor trust.” Sheikh Mohammed bin Zayed, the Crown …
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Posted on 31/12/2018

UAE court upholds 10-year jail sentence of activist Mansoor: sources

DUBAI (Reuters) – A United Arab Emirates appeals court upheld a 10-year jail sentence against pro-democracy campaigner Ahmed Mansoor for criticizing the government on social media, two sources familia…
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Posted on 31/12/2018

Dubai New Year’s Eve 2018 LIVE: Traffic updates, fireworks latest and 2019 celebrations

It’s almost 2019, and Dubai is celebrating in style. Here at Time Out Dubai, we’ll be bringing you all the latest updates from across the city – from fireworks displays to traffic and road closures. F…
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Posted on 31/12/2018

Dubai stocks limp to end of worst year since financial crisis

Dubai (AFP) – Dubai’s stock market ended 2018 on Monday with a 25-percent annual loss, the worst year since the global financial crisis a decade ago, as the real estate and tourism sectors struggled. …
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Posted on 31/12/2018

REITs bring IPO receipts, but investor returns not so neat

Dubai was the first Gulf jurisdiction to permit Real Estate Investment Trusts (REITs), which own and manage real estate portfolios, introducing a REITs law in 2006, while Abu Dhabi, Saudi Arabia, Oman …
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Posted on 31/12/2018

Dubai sees ‘unprecedented’ rush on property deals in final days of 2018

Dubai Land Department (DLD) has recorded “unprecedented growth” in the last 10 days of 2018 with AED19 billion ($5.1 billion) worth of real estate deals. Sultan Butti bin Mejren, director general of D…
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Posted on 31/12/2018

UAE’s MBF Group eyes $2bn expansions across 5 countries including Egypt, mulls IPO

UAE-The MBF Group is planning to invest around AED 7 billion ($1.9 billion) in the UAE and abroad in the coming period, founder and owner Sheikh Mohammed bin Faisal Al Qassimi has revealed. Speaking t…
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