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Month: November 2020

Posted on 12/11/2020

Dubai’s DAMAC loses $148.3 million in third quarter

Dubai developer DAMAC Properties on Thursday reported a 544.6 million dirham ($148.3 million) third-quarter loss, warning a recovery from the coronavirus crisis was possibly still some time …
( read original story …)


Posted on 12/11/2020

From Dubai to Malta: Balochistan lawmakers’ own assets and properties worth billions

This was stated in the documents on assets and liabilities of public office holders issued by the Election Commission of Pakistan (ECP). Jam Kamal also owns properties worth Rs720 million and Rs840 …
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Posted on 12/11/2020

Dubai’s Emaar Properties posts 58% slump in net profit for Q1-Q3 2020

Dubai developer Emaar Properties recorded Dhs2.43bn in net profit for the first nine months of 2020, slumping 58 per cent from Dhs5.81bn recorded during an year-earlier period. Meanwhile, the …
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Posted on 12/11/2020

Damac Properties slips into massive Dh931m loss in first nine months of 2020

Dubai: Damac Properties has slipped into a Dh931 million loss for the first nine months, as Dubai’s property market feels the full impact of the COVID-19 on demand. Last year, it had a profit of Dh132 …
( read original story …)


Posted on 12/11/2020

The best noise-cancelling headphones in the UAE for 2020

The best noise-cancelling headphones take music listening to the next-level by blocking outside noise and allowing you to focus in on your favorite songs. Whether you plan on using them at home or …
( read original story …)


Posted on 12/11/2020

Sharjah starts three-day anti-mosquito drive

Teams from the Sharjah Municipality on Wednesday started a three-day mosquito control campaign, spraying pesticide on areas that are likely to become breeding grounds of insects and mosquitoes this …
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Posted on 12/11/2020

Emirates turns to Dubai to see it through crisis after $3.4 billion loss

State-owned Emirates said on Thursday that Dubai would help it through the coronavirus crisis after losses of $3.4 billion tipped the airline’s holding company into its first half-year loss in more …
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Posted on 12/11/2020

Dubai’s Global Village smashes 2nd world record in 2 weeks

Bagging its second Guinness title in two weeks, Global Village set a world record for having the most LED lights ever on a car. Boasting 37,676 LED lights, the vehicle is a fan favourite, having …
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Posted on 12/11/2020

Emirates or bust – Israeli entrepreneurs spend productive week in Dubai

They left the splendor of Dubai and after an hour’s fast driving through the vacant expanses, they reached a date plantation of gigantic size. A broad, inviting carpet awaited them at the edge of the …
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Posted on 12/11/2020

MIDEAST STOCKS-Most Gulf markets retreat; Dubai leads declines

Most major Gulf markets traded lower in early trading on Wednesday and are set to break the winning run spurred by the news on the progress in the development of COVID-19 vaccine and subsequent …
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Posted on 12/11/2020

Post-Covid architecture on show at Dubai Design Week

“The Shape of Things to Come,” an exhibition that’s part of Dubai Design Week, is offering a glimpse of the future of architecture, post-pandemic.
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Posted on 12/11/2020

Dubai’s 2021 Calendar of Retail Festivals Set to Boost the City’s Economic and Tourism Sectors

Dubai Festivals and Retail Establishment (DFRE) has announced details of its comprehensive 2021 Retail Calendar, with citywide events, activations and experiences set to fully support the emirate’s …
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Posted on 12/11/2020

Dubai Islamic Bank markets dollar perpetual sukuk – document

Dubai Islamic Bank DISB.DU began marketing on Thursday U.S. dollar-denominated Additional Tier 1 sukuk, or Islamic bonds, at an initial price guidance of around 5.25%, a document from one of the banks …
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Posted on 12/11/2020

Emirates swings to first half-year loss in more than 30 years

Emirates reported a first-half loss for the first time in more than 30 years as the Dubai airline’s revenues slumped about 75 per cent on coronavirus travel restrictions. The government-owned carrier …
( read original story …)


Posted on 12/11/2020

Exclusive: Gold market authority threatens to blacklist UAE and other centres

The world’s most influential gold market authority is threatening to stop bullion from countries including the United Arab Emirates entering the mainstream market if they fail to meet regulatory …
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Posted on 12/11/2020

Dubai’s DAMAC loses $148.3 mln in third quarter

Dubai developer DAMAC Properties on Thursday reported a 544.6 million dirham ($148.3 million) third-quarter loss, warning a recovery from the coronavirus crisis was possibly still some time away.
( read original story …)


Posted on 12/11/2020

Sharjah Tasjeel Village to provide all services related to impounded vehicles

New office in Sharjah to offer public services from 2.30pm to 8pm Sharjah: As part of its constant endeavour to facilitate procedures for customers, the Vehicle Impounded Services Office of the …
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