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Month: October 2020

Posted on 25/10/2020

Aldar to take over $8.2 bln of govt capital projects in Abu Dhabi

Aldar Properties will take over the management and development of government capital projects worth 30 billion dirhams ($8.2 billion) under a memorandum of understanding with state-backed ADQ, the Abu …
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Posted on 25/10/2020

Abu Dhabi ready for rain emergencies, says municipality

With rainy season just around the corner, the Abu Dhabi City Municipality (ADM) has completed its preparations to prevent floods, ponds and blockage of the emirate’s rainwater drainage networks.
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Posted on 25/10/2020

Abu Dhabi Securities Exchange announces listing of Sawaeed Holding

Abu-Dhabi based investment group Sawaeed Holding has listed its shares on the Abu Dhabi Securities Exchange (ADX) second market and begins trading today, October 25, ADX has announced. The company’s …
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Posted on 25/10/2020

4-year-old survives fall from first floor of Sharjah apartment

The child’s father thanked the Sharjah Police for their prompt action which saved the boy’s life. He also showered praise on them for constantly monitoring the child’s health. Al Nabi called on …
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Posted on 25/10/2020

24 ladies night deals to try out in Dubai this week

Treehouse Dubai, located at Taj Dubai, Business Bay, is re-opening for the summer. The popular rooftop bar and lounge, with its views over the Burj Khalifa and Downtown Dubai, has transformed into …
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Posted on 25/10/2020

Saudi Arabia’s STC hires banks for IPO of subsidiary -sources

Saudi Telecom Co (STC) has hired banks to arrange a potential initial sale of shares in its products and services development arm, Solutions by STC, three sources familiar with the matter told Reuters …
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Posted on 25/10/2020

Sharjah gears up to open new leisure destination

Sharjah: A new leisure destination is expected to open shortly, bringing with it a revival to the Sharjah Khor beach. Yousef Saleh Al Suwaiji, Chairman of the Sharjah Roads and Transport Authority …
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Posted on 25/10/2020

Dubai to turn into a running track to support COVID-19 hit students in UAE

The whole city of Dubai will turn into a running track and raise funds to support uninterrupted education of COVID-19 hit students in the UAE on November 27, it was revealed on Sunday. The Dubai …
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Posted on 25/10/2020

Worker jailed over stabbing countryman in Dubai

Dubai: the Dubai Court of First Instance on Sunday sentenced a Bangladeshi worker to six years in jail for attempted murder after he stabbed his countryman during a heated argument. According to …
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Posted on 25/10/2020

Video: Sheikh Hamdan watches Dubai Metro’s hostage drill

A ‘hostage crisis’ drill unfolded at the Dubai Metro on Sunday. Photos and videos shared by the Dubai Media Office show the simulation training inside a Metro cabin. This came as Dubai Crown Prince …
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Posted on 25/10/2020

Oil-rich UAE turning to coal-fired power

A new wonder is rising in the southern desert of Dubai against the backdrop of Persian Gulf beaches, but it’s not another skyscraper to grace the futuristic sheikhdom. Instead, it’s one of mankind’s …
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Posted on 25/10/2020

Dubai Police arrest three members of international crystal meth drug trafficking gang

The UAE’s Dubai Police on Saturday said it had stopped an international drug trafficking gang from trafficking 33 kilograms (around 72 pounds) of crystal meth. “The General Department of Anti …
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Posted on 25/10/2020

BinDawood IPO: Another mega listing in a globally accessible capital market

The listing of BinDawood is a case study of the critical role private equity firms may add to the readiness phase prior to any IPO …
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Posted on 25/10/2020

A world record was broken in Dubai over the weekend

Dubai is no stranger to breaking world records, one of the most notable being home to the world’s tallest building, the Burj Khalifa. Now, in another architectural win for the emirate, Dubai has …
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Posted on 25/10/2020

Teen turns school project into family business in UAE

It was supposed to be a school project. But, with his father amazed at how the product turned out, they decided to turn it into a family business. Ishir, a Dubai resident and a student at GEMS World …
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Posted on 25/10/2020

Dubai takes entertainment to next level

Dubai is providing UAE residents and visitors the opportunity to enjoy a spectacular lineup of live entertainment, lifestyle and sporting action following the restart of the city’s events sector. This …
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Posted on 25/10/2020

Dubai announces $136 mln economic stimulus package amid coronavirus pandemic

Dubai has announced a new economic stimulus package worth $136 mln (AED 500 million) to support various business sectors, according to announcement by the emirate’s crown prince. The newly …
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