Al Tayer Motors was established in 1982 and represents major European and American automobile manufacturers Land Rover, Jaguar, Maserati, Ferrari, Lincoln, Ford and Ford Trucks across the UAE. …
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UAE’s Majid Al Futtaim lists world’s first green sukuk on Nasdaq Dubai
UAE conglomerate Majid Al Futtaim has listed a 10-year corporate ‘green’ sukuk worth $600m (AED2.2bn) on Nasdaq Dubai, making it the world’s first financial instrument of its kind to focus on …
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UAS Ready To Meet Challenges of Growing Traffic in Dubai
Business jet operators will benefit from a move to from Dubai International Airport (DXB) to Al Maktoum International (DWC), as the latter facility becomes the focus in the Middle East hub, according …
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Abu Dhabi Commercial Bank : Project awards across GCC decline in Q1 2019
Dubai: Project awards across the GCC declined in the first quarter of 2019 according to data from Meed Projects and estimates by the Economics Team at Abu Dhabi Commercial Bank. Data showed total GCC …
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Abu Dhabi T10 Cricket League clarifies charges on Nuwan Zoysa and Avishka Gunawerdene
Nuwan Zoysa and Avishka Gunawerdene were charged with match-fixing in the Abu Dhabi T10 League. The Board of the ‘Abu Dhabi T10 League’ clarified and denied that the charges made by ICC on former Sri …
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CEO of Dubai’s Arabtec steps down as Q1 profits fall
Arabtec Holding, a Dubai-based contractor for social and economic infrastructure, on Wednesday announced that Hamish Tyrwhitt has stepped down as group CEO. The company said Peter Pollard, the current …
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DAMAC profit falls 94 pct as Dubai property market slumps
Property developer DAMAC Properties reported a 94% drop in first-quarter net profit on Wednesday, its smallest since going public in 2015, hurt by Dubai’s slumping property market. DAMAC, owner …
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UAE’s second-most penthouse sells at USD 20 million
The Palm Jumeirah is an artificial archipelago in the UAE and is known for glitzy hotels, posh apartment towers and upmarket global restaurants. (This story has not been edited by Business Standard …
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RAKBANK: Business banking partner for today and tomorrow
The Dubai SME 2021 Strategic Plan aims to increase the contribution of SMEs to the country’s GDP from below 40 per cent to more than 45 per cent by 2021. With Vision 2021 in mind, RAKBANK’s Business …
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NBF: Reliable financial partner for your business needs
As the UAE continues to cement its position as a regional business hub, National Bank of Fujairah (NBF) has also underscored its role as a dedicated financial partner to businesses across the country. …
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Flight makes emergency landing in Abu Dhabi after Indian man dies on board
A 52-year-old Indian man died on board an Alitalia flight to Milan, Italy, forcing the pilots to make an emergency landing in Abu Dhabi. Kailash Chandra Saini was accompanied by his son Heera Lal on …
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Damac’s first-quarter profits drop 94% as Dubai property market slumps
Dubai’s Damac Properties, the owner and operator of the only Trump-branded golf club in the Middle East, reported a 94 per cent annual drop in first-quarter net profit, pressured by a slump in …
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Buying property in Dubai: is a distress deal a good deal?
Assets often become distressed because of the operational and financial difficulties faced by the owner or issuer of the assets, which may result in insolvency or bankruptcy. Such situations create …
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EPA discusses intellectual property
Emirates Publishers Association (EPA)organised a cultural panel about the UAE’s leading role in protecting intellectual property, in addition to the laws issued by EPA in this regard, as part of …
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Majority of new technology investments in UAE will be on data
Enterprises in the UAE are rushing to digitally transform themselves in a bid to be operationally efficient, more agile, create new experiences for customers and create new revenue streams. About …
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Dubai’s Careem launches first bus service in Saudi Arabia
Careem Networks, the Middle Eastern ride-hailing company recently snatched up by Uber Technologies, is expanding in Saudi … a distance covering about 85 kilometres (53 miles.) The Dubai-based …
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Dubai’s Danube Properties planning three project launches in 2019 – chairman
Dubai’s Danube Properties is planning three new project launches this year, as the affordable housing developer reported a 78.5 percent rise in sales in 2018. Danube Properties, the development arm of …
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