Total trade volumes in Dubai’s economic free zones grew by 22 per cent year-on-year in the first nine months of 2018, with the designated business hubs making a significant contribution to the emirate …
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Dubai unveils ‘Fifty Year Charter’ to improve lives of residents
The following article calls for the creation of free economic and creative zones in Dubai universities. “We will announced our public and private universities as free zones that allow students to carr…
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Dubai’s DED waives $6.3m in fines for businesses in 2018
The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai’s Department of Economic Development … flexible as it will automatically adjust the fines and benefit more business owners.” Th…
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Dubai Industrial Park marks opening of new mall
Speaking on the occasion, Saud Abu Al-Shawareb said the opening of the new mall not only serves their ambitious plans to position Dubai Industrial Park as a lucrative hub for business investment …
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Dubai Investments’ Fujairah tower set for 2020 completion
Recently, Dubai Investments managing director and CEO Khalid Bin Kalban had toured the site alongwith the company’s board of directors, and were given a status update on the project. Bin Kalban said: …
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Why Dubai has a market dedicated only to gold – with a US$3 million ring weighing 141 pounds
Dubai was settled as a port city in the early 1800s … the owner of Shantilal, a family-run business that is over 50 years old, told The National newspaper in Abu Dhabi, the capital city of the Unite…
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Preatoni Tower rescued and now open for business
Dubai: Preatoni Real Estate has announced the completion of the Dubai Star project, four years after its initial developer abandoned the multi-million project following the 2009-2010 economic crisis t…
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Dubai Residential Prices Could Fall by up to 10 Percent in 2019: Savills
DUBAI (Reuters) – Residential real estate prices in Dubai could fall by 5 to 10 percent in 2019, weakened by new supply, a strong dollar and lower oil prices, the Middle East chief executive of …
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Dubai petrol prices have decreased and it’s great news for motorists
If you’re thinking about hitting the road and exploring the UAE this year, then the latest fuel prices will be welcome news. The Ministry of Energy has announced the costs for January, and motorists w…
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Financial comparison platform yallacompare secures $8m in additional funding
UAE financial comparison website yallacompare raised $8 million in its latest funding round, the company said on Monday. The lead investors are STC Ventures, managed by Iris Capital, and Dubai venture …
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Pakistan seals financial assistance from UAE
Pakistani and United Arab Emirates leadership have met thrice now in three months. Prime Minister Imran Khan visited the UAE twice after assuming office in August to seek economic assistance. Both cou…
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UAE- DIFC’s FinTech Hive cements collaboration with UK’s Innovate Finance
DUBAI, 6th January, 2019 (WAM) — Dubai International Financial Centre, DIFC, has signed a Memorandum of Understanding with Innovate Finance, an independent membership association that is at the …
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FinTech Hive and Innovate Finance tie up
Dubai International Financial Centre (DIFC) has signed a memorandum of understanding (MoU) with Innovate Finance to cement cooperation and collaboration between the UK and Dubai FinTech ecosystems. Ar…
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Financial independence main reason UAE women enter workforce
According to Bayt.com, 57% of females seek out jobs that allow them to stand on their own feet According to the poll, 48 per cent of women want to support or financially contribute to the household. P…
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Strong global leads fans risk appetite in small UAE stocks
The Dubai index staged continued recovery as strong US markets fanned risk appetite in small stocks like Gulf Finance House and Salama Insurance. The Dubai Financial Market general index closed 0 …
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Deposits outvalue loans by $23bn at UAE-based banks
Deposits at UAE-based banks outvalued loans by Dhs85bn ($23bn) during the first 11 months of 2018, according to figures from the country’s Central Bank. The Eligible Liquid Assets Ratio rose to …
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UAE bank deposits outvalue loans by $23bn
Deposits outvalued loans at UAE-based banks by Dh85 billion ($23 billion) during the first 11 months of 2018, a media report said, citing the Central Bank of United Arab Emirates. The Eligible Liquid …
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