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Month: October 2020

Posted on 19/10/2020

Dubai’s DEWA repays $1.5bn bond and turns debt-free

Read: Clean energy now accounts for 9% of Dubai’s total output The total installed capacity is 11,700MW of electricity. This includes 1,013MW from photovoltaic solar panels at the Mohammed bin …
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Posted on 19/10/2020

West Asia Wrap: Winning starts for Al Hilal, Sharjah

Al Hilal SFC enjoyed a perfect start, defeating Al Ain 1-0 as the 2020-21 Saudi Pro League kicked off over the weekend.
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Posted on 19/10/2020

UAE’s economic revival engine shifts to high gear as 15 acts get green light

UAE – The first phase of a pioneering “33-initiative strategy” designed to revive and turbo-charge the UAE’s economic growth received the go-ahead of a high-level interim committee headed by the UAE’s …
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Posted on 19/10/2020

Special: Warm peace between UAE, Israel is good for business

UAE agreement isn’t peace but a business deal don’t know much about the Emirati culture and people. Emiratis would rather negotiate with friends – some say they will only do business with friends.
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Posted on 19/10/2020

UPDATE 1-Investment Corporation of Dubai hires banks for dollar bonds

ICD, which as of the end of last year had total assets worth around $305 billion, owns stakes in Emirates airline and Dubai’s biggest bank, Emirates NBD. The planned fixed rate, long five-year senior …
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Posted on 19/10/2020

Free entry to Louvre Abu Dhabi and Qasr Al Hosn for UAE’s frontline professionals

The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) said on Sunday that it has reached an agreement with the Frontline Heroes Office (FHO) to allow registered frontline professionals …
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Posted on 19/10/2020

First UAE flight to Israel departing from Abu Dhabi on October 19

Boeing 787 aircraft will carry a special delegation to Tel Aviv and return on October 21 Abu Dhabi: Etihad Airways will become the first Gulf-based carrier to operate a commercial passenger flight to …
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Posted on 19/10/2020

Investment Corporation of Dubai hires banks for dollar bonds

Investment Corporation of Dubai, the Dubai government’s main investment arm, has hired banks to arrange investor calls ahead of a planned issuance of five-year U.S. dollar-denominated bonds, a …
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Posted on 19/10/2020

Dubai’s DEWA repays $1.5bn bond, turns debt-free

The Dubai Electricity and Water Authority (DEWA) has repaid a $1.5bn bond issued in 2010, it confirmed on Sunday. The Global Medium Term Note (GMTN) was issued for a period of 10 years. DEWA, which …
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Posted on 19/10/2020

Watch: How a Dubai nurse saved the life of a newborn camel in the desert

It was a scene right out of a wildlife documentary when a Dubai nurse out on a desert biking trip intervened in the nick of time to save the life of a newborn baby camel. Like every other weekend, on …
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Posted on 19/10/2020

Al-Futtaim Group Real Estate Kickstarts Smart City Roadmap Signs MoU with Dubai Municipality

Makani numbering program marks first of Dubai Festival City’s smart city initiatives

Al-Futtaim Group Real Estate and Dubai Municipality today signed a Memorandum of Understanding to install …

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Posted on 19/10/2020

Brit festival organiser ‘sexually assaulted by Abu Dhabi minister’s of tolerance’

THE Brit organiser of a literary festival in Abu Dhabi has alleged she was sexually assaulted by their minister of tolerance. Caitlin McNamara, 32, said she was attacked by Sheikh Nahyan bin …
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Posted on 19/10/2020

Leaked documents show how UAE president amassed a £5bn London property portfolio

Referred to by his lawyers as ‘the client’ to preserve his anonymity, it has been revealed that Sheikh Khalifa bin Zayed al-Nahyan owns some of the UK capital’s most prestigious addresses …
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Posted on 19/10/2020

Sharjah research team patents breast cancer treatment

The UAE could soon show the way on the treatment of breast cancer. Researchers at the American University of Sharjah (AUS) have recently had their patent accepted for a chemotherapy platform that uses …
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Posted on 19/10/2020

Incentives galore in UAE property market as rents fall

Increased mobility during the quarter has brought about a considerable increase in the level of new leasing enquiries in Dubai.
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Posted on 19/10/2020

Risk of Covid-19 virus spread through frozen food packets is very low in UAE

Allaying such concerns, the Dubai Municipality official said … Dr Srinivas Patnaikuni, specialist gastroenterologist with Prime Medical Centre Burjuman Branch, said: “People should follow proper …
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Posted on 19/10/2020

Only in Dubai: Municipality’s Makani map to provide address for each flat and shop

Imagine drones delivering your online orders at your flat in a Dubai building. The emirate is one step closer to that ambitious vision with the Dubai Municipality coming up with a project to give …
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