Dubai developer Emaar Properties had dominated the Dubai real estate landscape during the first six months, both in terms of transactional volume and value of overall properties registered including …
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Dubai Property Developer Buys Troubled Fashion Brand Roberto Cavalli
After months of speculation, Dubai-based property developer Damac Properties has emerged as the new owner of Italian fashion house Roberto Cavalli. Last month, Arabian Business reported Damac …
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First Abu Dhabi Bank Proposes to Remove Foreign Ownership Limit
(Bloomberg) — First Abu Dhabi Bank PJSC proposed removing a cap on the foreign … companies in the U.A.E. may apply similar measures,” it said. This “is positive news for U.A.E banks as it may allow …
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UAE banking giant eyes removal of cap on foreign ownership limit
First Abu Dhabi Bank has proposed removing a cap on the foreign ownership limit in its sharers after the UAE started loosening rules to attract international investors. The board’s proposal is subject …
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‘Smart Dubai’ Initiative Receives a Boost as DAG Platform Comes On Board
This massive undertaking involves embracing the technology for as many government services as possible. The Smart Dubai initiative was founded following the vision of Sheikh Mohammad bin Rashid Al …
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Emirates NBD second quarter net profit surges 80% on income from unit IPO
Emirates NBD, Dubai’s largest lender by assets … Middle East and Africa that joined the FTSE 250 Index of London-traded equities last month. NI’s IPO was the biggest of the year at the time of its …
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XAD Technology Company Jobs 2019 in UAE
Qualified and well educated candidates for the positions of Chief Accountant, Manager Human Resource, Manager Administration, Manager Operation Telecom required for a leading XAD Technology Company in …
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Dubai International airport installs 15,000 solar panels
Etihad Energy Services Company, a wholly-owned subsidiary of the Dubai Electricity and Water Authority, was involved in the project’s installation. Michael Ibbitson, who is executive vice president …
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Dubai tourism has strong growth potential over the next decade
Ross Veitch, CEO of Wego, said the travel and tourism industry in Dubai continues to expand with more focus on leisure and entertainment. “As the number of millennials and Generation Z travelling for …
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First Abu Dhabi Bank Proposes Removing Foreign Ownership Cap
(Bloomberg) — First Abu Dhabi Bank PJSC proposed removing a cap … This “is positive news for U.A.E banks as it may allow international banks to take strategic stakes in local lenders …
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US fears Iran seized UAE-based tanker in Strait of Hormuz
DUBAI, United Arab Emirates — A small oil tanker from the United Arab Emirates travelling through the Strait of Hormuz entered Iranian waters and turned off its tracker three days ago, leading the U.S …
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Dubai Islamic H1 net profit soars 13pc to $735m
Dubai Islamic Bank, the largest Islamic bank in the UAE, has posted a net profit of Dh2.753 billion ($749 million) for the first half (H1) of the year, as against Dh2.441 billion in H1 2018, marking a …
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Where are they now? Dubai’s Technosphere
According to the design documents, “the concept of this iconic building for the Technopark of Dubai, is a building which will reflect … office and hotel areas – and would include solar power and …
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The Big 5 turns 40 – Building Dubai and The MENA Region
HVAC R Expo Dubai, Middle East’s leading platform connecting the heating, ventilation, air conditioning and refrigeration industry; Middle East Stone, the region’s premier event for natural stone, …
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Dubai bans flowers, rose petals in restaurant dishes
Food outlets in Dubai are no longer allowed to use flowers of petals as decoration or as part of a meal, according to Dubai Municipality. Image Credit: Getty Images/iStockphoto Dubai: Restaurants …
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Emirates NBD second quarter net profit surges 96% on income from unit IPO
Emirates NBD, Dubai’s largest lender by assets … Middle East and Africa that joined the FTSE 250 Index of London-traded equities last month. NI’s IPO was the biggest of the year at the time of its …
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Sharjah school pupils to be trained to spot ‘fake news’
School pupils in Sharjah will be taught to identify “fake news” stories as part of a journalism training programme run with the help of CNN. Children as young as 10 will be given an introduction to …
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