Gulf nations may turn to asset sales to complement an almost $50 billion debt spree to support economies rocked by the coronavirus pandemic and the collapse in crude prices, according to Citigroup Inc …
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Dubai Eases Restrictions on Virus Hotspots as Infections Subside
Dubai eased restrictions on two of the city’s coronavirus hotspots, densely populated areas that are home to the gold souk and museums.
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42 years, 1 employer: Indian expat in UAE to return home ‘satisfied’
A native of Kannur district, Hussain is a man of few words. The office ‘boy’ believes in performing his duties silently. Hussain Puthiyapurayil came to the UAE in June 1976, and he will return home to …
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UAE weather: Scattered rainfall and cloudy conditions expected on Monday
Dubai: UAE residents woke up to rainfall in parts of Abu Dhabi. Dubai, Sharjah and Fujairah. According to the National Center of Meteorology, Hatta and Al Awir in Dubai, Bani Yas and Tarif Road in Abu …
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Hazy, windy weather in UAE with a chance of rainfall
The weather in UAE on Monday is expected to be hazy and cloudy with a chance of rainfall. According to the national Met department, the weather today will be hazy and partly cloudy to cloudy at times …
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UAE’s Mars Hope Probe on its way amid Covid-19 pandemic
Provided by Khaleej Times UAE’s Mars Hope Probe on its way amid Covid-19 pandemic . The UAE Space Agency and the Mohammed Bin Rashid Space Centre (MBRSC) announced the successf …
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UAE orders seizure of BR Shetty’s assets; FTSE ousts NMC
As the debt-ridden NMC Health gets booted out of the blue-chip FTSE-100 index effective today, its founder BR Shetty faced a freeze of his bank accounts here as per the directive of the Central Bank …
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Jumia: Africa’s Amazon’s huge losses since a billion-dollar IPO
After peaking at a high of $49.77 within its first week of trading in April 2019, the stock had crashed below its IPO price by August. Jumia lost its “unicorn” status by September and the stock now …
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UAE, GCC markets gain on Sunday; market cap up by Dh165 billion
Dubai Financial Market jumped 3.5 per cent to 1,956 points. In Abu Dhabi, the index jumped 2.93 per cent to 4,181 points.
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Dubai lifts lockdown on two densely populated commercial districts
The emirate of Dubai said on Sunday it has lifted its full lockdown on two commercial districts which have a large population of low-income migrant workers, after the United Arab Emirates eased …
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Veteran UAE horse racing journalist Mohammed Taha passes away
Mohammed has been associated with the sport since its inception in the UAE in the early nineties and has been a pivotal member of the core management team behind the successful Dubai International …
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Kerala couple die five days apart in Sharjah
An Indian couple from Kerala, who had been married for 35 years, died five days apart in the UAE, their family said on Sunday. Sharjah resident Sophia Habeeb, 57, died on April 18 following a week’s …
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Sharjah Islamic Bank net profit increases 1.3% in Q1
SHARJAH- Sharjah Islamic Bank, SIB, has projected strong results despite the current situation, with net profits totaling AED153.7 million in the first quarter of 2020 compared to AED151.7 million in …
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Shuaa Capital offers support to UAE tech SMEs
Shuaa Capital, a leading asset management and investment banking platform in the region, has announced it will provide free expert advisory services and interest-free loans through regulated partners …
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Sharjah steps up to protect coral reef and species from extinction
Coral Reef restoration work being done off Sir Bu Nair Island in UAE Image Credit: Environment and Protected Areas Authority in Sharjah. Sharjah: The Environment and Protected Areas Authority in …
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Dubai Business Hub Rolls Out Measures for Firms and Workers
Dubai International Financial Centre rolled out a plan to provide greater flexibility for employers and more protection to employees working within the tax-free business park.
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Shuaa Capital to provide support to UAE tech SMEs amid Covid-19 pandemic
UAE-based Shuaa Capital is to provide free expert advisory services and interest-free loans to support the country’s small and mid-sized technology enterprises (SMEs) impacted by the coronavirus …
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