And although it only runs 2km for now, the SkyWay is set to revolutionise how we all get from A to B. One of the UAE’s most remarkable feats of engineering is heading towards its final trial stages at …
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BMW to begin sourcing ‘solar aluminium’
We will be able to meet over 50 per cent of our CO2 targets for the supplier network, just by using green power’ …
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Dubai Stocks Disconnect From Emerging Peers on Tourism Blows
Dubai stocks are more out of step with their emerging-market peers than they’ve been in more than two years, reflecting the battering for tourism and retail shares in the Gulf city caused by the …
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Covid-19: Dubai hospitals ‘strained, not overwhelmed’ says official
Helal Al Marri, director general of Dubai’s Tourism Authority, added that the emirate has a clear plan for dealing with the Covid-19 pandemic.
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Dubai Financial Market profits jump as trading volumes rise to $18bn
Dubai Financial Market Company on Wednesday announced an annual net profit of AED137.9 million, up 14 percent on the previous year as trading jumped by nearly a quarter to AED66 billion ($18 billion).
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BurJuman dazzles this DSF
The Quick Action Painter Jose Luis Quiceno will perform at the Observatory, BurJuman Mall at 5:45pm … acts and aptly supports the DSF theme of ‘Dubai at its Best’. With all that’s in …
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Sharjah-based Indian businessman Sohan Roy to pay salary to employees’ homemaker wives
The amount of salary to be paid to the wives will be determined by the number of years the employee has been working in the firm …
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Pandemic’s second wave threatens to derail Dubai’s tourism surge
A second wave of coronavirus infections threatens to upend a tourism boom in Dubai that provided salve to its battered economy, although with so few places open globally its hospitality sector hopes …
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Sheikh Mohammed launches ‘Invest in Dubai’ platform to ease process of establishing businesses
The centralised portal offers services such as commercial licensing in which government permits and approvals can be obtained without the need to physically visit any service centre.
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UAE oil firm ADNOC gets $900m investment in property unit
The biggest oil producer in the United Arab Emirates is getting a $900m investment in its property business from a state pension fund. Abu Dhabi Pension Fund is investing in some of Abu Dhabi National …
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$19.8bln properties sold in Dubai in 2020; market up 270% from lowest level in May
Dubai’s real estate market is strongly recovering from its lowest levels, with buyers snapping up more than $19.8 billion worth of properties across Dubai for the whole of last year, the latest data …
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BMW to use world’s first solar-made aluminium from UAE’s EGA
Emirates Global Aluminium began production of CelestiAL earlier this month, the first time solar power has been used to produce aluminium commercially worldwide …
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UAE service professionals believe pandemic exposed technology gaps
While 92% of service professionals in the UAE say the pandemic exposed technology gaps, customer service leaders are transforming their operations, accelerating digital transformation, and overhauling …
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UAE job market improves as business activity rises solidly in January
The UAE’s economy started 2021 on a high note as non-oil private sector business activity rose solidly in January while new employment also increased for the first time in the past 13 months.
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Netflix Mideast Rival Gets $25 Million From Abu Dhabi-Based Fund
Starzplay, a Middle Eastern competitor of Netflix Inc., got 92 million dirhams ($25 million) in debt financing from an Abu Dhabi-based fund as the coronavirus pandemic fuels demand for home …
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China’s Sinopharm vaccine offered to elite few in UAE tourist deal
China’s Sinopharm vaccine is being offered to a handful of wealthy people paying for access to the United Arab Emirates’ Covid-19 vaccination programme as part of a partnership to “bring tourism into …
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UAE non-oil private sector mild growth unchanged in January -PMI
Mild growth in the United Arab Emirates’ non-oil private sector was unchanged in January as business activity grew solidly and employment increased for the first time in over a year, although sales …
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