Physical gold dealers in India this week offered the highest discounts in more than one and a half months, as buyers stayed away even as more bullion flowed in from the United Arab Emirates. On Friday …
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Global Business Brief: UAE has long wanted F-35; Days numbered for US using Russian rockets; Space Symposium delayed to mid-2021 and more.
Joint Strike Fighter — that’s been the case for a long time. As the Trump administration reportedly looks to fast-track an F-35 sale to UAE, part of a deal kept secret from disapproving Israel, I’m …
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Dubai maid forced into prostitution outsmarts captors, gets them arrested
Indonesian, 30, was tricked after she applied for a job posted on social media Dubai: The Dubai Court of First Instance sentenced a gang to seven years in jail for trafficking a housemaid who escaped …
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Dubai housemaid forced into prostitution gets her captors arrested
Indonesian, 30, was tricked after she applied for a job posted on social media Dubai: The Dubai Court of First Instance sentenced a gang to seven years in jail for trafficking a housemaid who escaped …
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UAE Exchange customers finally get their money back after months of uncertainty
After months of waiting, former customers of UAE Exchange Centre have finally got their funds back, while the future continues to look bleak for the once dominant remittance company. UAE Exchange …
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Dubai landlords can start thinking short-term rents again
Finally, holiday homes give landlords extreme flexibility. It allows them to have the option to sell the property if and when a right offer comes by. Earn more than a long-term re …
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UAE and Israel: five areas of shared interest
The United Arab Emirates and Israel are gearing up to open their doors for business after the surprise announcement they will normalize relations.Here are five key areas expected to bring the economie …
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Dubai’s highest court rejects superyacht seizure appeal in mammoth divorce battle
Dubai’s highest court has rejected an appeal by the ex-wife of a Russian billionaire to seize a £350 million ($460 million)superyacht in one of the world’s costliest divorce battles, a court ruling …
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Iran Rejects U.S. Disputed U.N. Move, Seizes UAE Ship and Shows Off New Missiles
“The U.S. move to ‘snapback’ U.N. sanctions is manifestly illegal, illegitimate and will not be accepted by neither Security Council or JCPOA members nor the rest of the world community,” Iran’s …
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Dubai realty sector hits home with 14,000 units added in H1
Dubai also saw an increase in visitors from three source markets, which were the guests coming from Russia, Saudi Arabia, and France.
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Banks Cut Exposure to Dubai’s MENA Energy as Virus Hits Trade
Several banks are reducing their exposure to Dubai-based oil trader MENA Energy DMCC, as the coronavirus hits commodity businesses and global lenders cut funding. BNP Paribas SA, Natixis SA and Middle …
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Aldar, banks lift sentiments on Abu Dhabi index
Taking a cue from the Aldar, Abu Dhabi based banks also had a strong day. ADCB rose sharply by 5.56 per cent while First Abu Dhabi gained 0.18 per cent. ADIB shares were unchanged after a rally of …
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‘Tough’ months ahead for Dubai’s property market: DAMAC CEO
The coronavirus pandemic has somewhat eased Dubai’s oversupply problems, but the months ahead will remain tough for the emirate’s real estate market, a top developer said. Hussain Sajwani, the founder …
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Gang sentenced to seven years in prison for running prostitution ring
The defendants were arrested when one of their victims managed to contact her sister on Facebook A gang will spend seven years in a Dubai jail for trafficking women and forcing them into sex work.
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Palestinian Artist Pulls Out of Sharjah Exhibition Over UAE-Israel Diplomatic Agreement
I could not have a relationship with a regime that is now officially complicit in the Israeli occupation of Palestinians,” said Mohamed Badarne, a Berlin-based artist.
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Iran Says Holding UAE Boat After Fishermen Deaths
Tehran said Thursday it seized an Emirati boat following a Gulf incident in which two Iranian fishermen died, stoking tensions after the UAE said it would establish ties with Iran’s arch-enemy Israel.
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Israel deal should remove any hurdle to F-35 sale, UAE official says
The United Arab Emirates’ accord to normalise ties with Israel should remove “any hurdle” for the United States to sell the F-35 stealth fighter jet to the Gulf Arab state, a senior Emirati official …
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