As we face 2019, a year ahead of the milestone Expo 2020, the UAE stands as a role model of success and prosperity, not just to the region, but to the rest of the world. The Emirates that today make u…
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Imkan to turn Abu Dhabi park into an open-air green space
UAE-based property developer Imkan said it has joined hands with Abu Dhabi Municipality to help transform the formerly walled Khalidiya Ladies park into an open-air, accessible, multi-dimensional gree…
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Dubai to build solar-powered desalination plant
Dubai will seek partners this year to build its first solar-powered desalination plant as the emirate tries to diversify away from burning fossil fuels to increase its water supply, the head of the Du…
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Dubai Planning Large-Scale Solar Powered Hydrogen Production
Something you hear frequently if you are a clean tech aficionado is that excess solar and wind power can be used to split water into oxygen and hydrogen. The Dubai Supreme Council of Energy, the …
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Dubai plans first solar-powered desalination plant, says Dewa exec at WGS
Chief executive officer Saeed Mohammed Al Tayer talks about plans to build Dubai’s first solar-powered desalination plant. Image Credit: File photo Dubai: Dubai will seek partners this year to …
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Three reasons why Dubai property market will likely rebound after two years
Expo 2020 boost: Real estate investment management experts JLL expect the Dubai property market to hit bottom in 2021, with the city getting a lift from the World Expo 2020, which is expected to host …
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UAE introduces Hindi as third official language
The landmark decision undertaken by the judicial department will benefit a major chunk of workers, who mostly come from Hindi speaking regions of central and north India, Gulf News reported. On a posi…
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Finablr to go public next month, to be listed on…
However, we don’t know the size of the IPO. We expect a very good response because we have a very good track record,” B.R. Shetty said on the sidelines of a conference in Dubai. He disclosed that JPMo…
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Abu Dhabi’s ADNOC inaugurates first service stations in Dubai
The celebrations come a month after the Dubai service stations were opened; a move that fulfilled one of ADNOC Distribution’s commitments as part of its IPO in December 2017. At the time the …
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Uber to introduce new lightweight app for Middle East
Dubai: Uber will soon launch its latest product … drive into the region ahead of its landmark initial public offering (IPO) later this year. Facing stiff competition from local rival Careem …
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Saudi Alhokair’s mall unit files for IPO, offering in second quarter: sources
Entornointeligente.com / DUBAI/RIYADH (Reuters … Arabian Centres Company, which has applied for an IPO with the Capital Market Authority, is eyeing a listing between April and June, said four source…
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Amanat names new chief executive as company eyes expansion
He launched Investcorp’s first Middle East-focused fund. In 2014, Amanat was created out of a greenfield IPO on the Dubai stock market. The company raised Dh2.5 billion, including from 37 prominent fo…
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Saudi Alhokair’s mall unit files for IPO, offering in Q2
DUBAI/RIYADH, Jan 21 (Reuters) – Saudi Arabia’sFawaz Alhokair Group plans to offer shares in its shopping malls business in Riyadh in the second quarter of this year, sources told Reuters on Monday. A…
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Approaching IPO, Lyft cautious about expanding beyond North America
Lyft, like Uber, filed for its IPO last December, but the government shutdown delayed … and in 2016 invested $350 million in Careem, a Dubai-based ride sharer. Lyft claims to be the biggest operator …
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MENA merger values climb 50% in 2018 – report
However, he predicted another fairly quiet year for the IPO market, citing “very, very low” levels of liquidity on many local stock exchanges. Data from Bahrain-based investment bank SICO shows that a…
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Dubai’s Thriving Tech Scene – And The Return of Step Conference
Otherwise known as the ‘City of Gold’, Dubai attracted $21.66 billion (Dh80 billion) worth of foreign direct investment (FDI) in high-end technology transfers in three years, mainly originating from t…
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How personal finance education for children is gaining traction in the UAE
It is a Saturday, but instead of spending the day at the mall or beach, groups of 8 to 11-year-olds and teenagers are huddled in an office in Dubai’s Business Bay learning about personal finance. Topi…
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