The Direct Line (Al Khat Al Mubasher) is a platform for Sharjah residents to share concerns with government officials. Sheikh Dr Sultan bin Muhammad Al Qasimi, the Ruler of Sharjah and a regular …
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Voice chat app Yalla up 30% after NYSE IPO
Dubai voice chat app Yalla (YALA) launched its NYSE debut up 30% to $9.75. Shares are currently up 21% to $9.10.Yalla had priced its offering of 18.6M ADS at $7.50, towards the lower end of its $7-9 …
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Dubai property prices at ‘fair value’, but European cities in bubble territory, says UBS
Dubai: After a 20 per cent drop in values over the last 18-24 months, Dubai’s property prices are well outside of any bubble space – in fact, they are now ‘fairly valued’, according to the Swiss bank.
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MIDEAST STOCKS-Dubai leads gains in Gulf as financial shares rise
Most stock markets in the Gulf ended higher on Wednesday, with Dubai leading the gains on back of Emirates NBD Bank. Saudi Arabia’s benchmark index .TASI edged up 0.2%, with Saudi Kayan Petrochemical …
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Practical joke in Dubai lands one friend in coma, another in jail
A freak jest played by a youth on his friend, both relatives, has landed him in jail and left the other in a coma with a permanent disability, Arabic daily Al Bayan reported. The duo used to work in a …
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Dubai holidays: Coronavirus test warning issued for UAE – what you must do
DUBAI holidays are normally a big hit with Britons as the weather grows colder in the UK. Sadly, coronavirus has crushed the dreams of many hoping for winter sun in 2020 – and now the United Arab …
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Dubai-based Arabtec Holding to file for liquidation
Arabtec posted a Dh774.5 million net loss in 2019, citing weaker income from its construction business amid tighter liquidity in the sector.
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Yalla Group Limited Announces Pricing of Initial Public Offering
PRNewswire/ — Yalla Group Limited (“Yalla” or the “Company”) (NYSE: YALA), the leading voice-centric social networking and entertainment platform in …
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Stand-up Abhishek Upmanyu speaks about his Dubai show on Friday
DUBAI BETTER GET ready for a night of laughter as Indian stand-up Abhishek Upmanyu is heading to the city for two shows live on Friday at 6pm and 9pm at The Theatre, Mall of the Emirates. Tickets are …
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Inside Al Khawaneej Walk: New Dubai mall opens with Geant, Roxy Cinema and gym
A new community mall in the Al Khawaneej neighbourhood, Al Khawaneej Walk opened this week with a number of home-grown and international offerings. With both indoor and outdoor sp …
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Abu Dhabi’s Mubadala takes stake in Silver Lake and invests $2bn in new fund
Abu Dhabi’s sovereign wealth fund Mubadala has taken a stake in US private equity group Silver Lake and said it is backing a new longer-term investing strategy from the firm with a further $2bn. The …
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Silverlake adds a $2 billion “longterm” hedge fund backed by Abu Dhabi to its tech finance toolkit
Silver Lake Partners, the multi-billion dollar tech-focused investment firm, is adding a longterm hedge fund backed by Abu Dhabi’s sovereign wealth fund, Mubadala, to its array of investment vehicles …
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Abu Dhabi’s ADNOC begins derivatives trading
ADNOC Trading (AT), a trading entity of Abu Dhabi National Oil Company (ADNOC), has started derivatives trading as a direct market participant, it announced on September 30. Besides ADNOC Trading, …
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Abu Dhabi adjusts public beach access hours for winter
Public beaches in Abu Dhabi city The reduction in beach access timings and swimming hours for the winter months was announced by the Abu Dhabi City Municipality on its social media platforms. During …
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29 Sharjah nurseries all set to reopen on October 4
Twenty-nine nurseries and kindergartens in Sharjah are all set for reopening on October 4, with strict Covid-19 precautionary measures in place, a top education official has said. After meeting safety …
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Union Properties Okays sale of 40% stake in Dubai Autodrome for Dh400m
Union Properties on Wednesday said it has approved an offer of Dh400 million for a 40 per cent stake in the Dubai Autodrome, UAE’s first fully integrated motor sports facility. The real-estate …
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DFM plans to launch equity derivatives platform as part of its product offering diversification strategy
A key milestone that will add new impetus to Dubai’s leading position as dynamic capital markets hub” Hassan Al Serkal: “Robust regulatory framework creating an attractive environment for investors …
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