Dubai’s population dropped by 8.4% last year, the steepest decline in the Gulf region, as expatriate workers were forced to leave amid the economic upheaval wrought by the coronavirus pandemic, S&P …
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Dubai Police recover stolen diamond in under 4 hours
Public urged to hand over any lost documents or precious materials, if found, to the police to avoid legal consequences …
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Dubai GDP to return to pre-crisis levels only in 2023 – S&P
Economic recovery in Dubai, the Middle East business hub, will be subdued and its gross domestic product in dollar terms will return to the 2019 level only in 2023, S&P Global Ratings said.
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Customers flying Dubai’s Emirates can now purchase empty adjoining seats, starting at Dhs200
Customers flying Economy Class via Dubai carrier Emirates can now purchase up to three empty adjoining seats on their flight to accord them extra space. Empty seats will only be offered for purchase …
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MENA IPO activity to pick up in 2021 on back of positive regulatory changes
There is a strong initial public offering (IPO) pipeline in key MENA markets and activity is set to pick up gradually during 2021, said a new report by EY. “Although MENA IPO activity remained …
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Dubai-based hedge fund plans to sell $750 million worth of Bitcoin for Cardano and Polkadot
FD7 Ventures has revealed plans to sell about $750 million worth of their Bitcoin holdings over the next month.
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Kenyan cargo airline, Astral Aviation, begins flights to Sharjah
Motivate Publishing Astral Aviation Sharjah . Nairobi-based cargo airline, Astral Aviation, will operate flights to Sharjah, as part of an expansion of its operations within th …
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Abu Dhabi’s De Facto Ruler Cements Control Over Oil Firm Adnoc
Abu Dhabi’s de facto ruler, Crown Prince Mohammed Bin Zayed, has cemented his control over the emirate’s state energy company by becoming chairman of a newly-established board of directors.
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Culture Summit Abu Dhabi unites best people for an exciting world
The fourth edition of the forum brings together cultural leaders, practitioners and experts in the fields of art, heritage, museums, media and technology to generate new strategies and thinking.
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ADCB expands mortgage business, acquires portfolio from Abu Dhabi Finance
Abu Dhabi Commercial Bank (ADCB) has signed an agreement to acquire a portfolio of approximately 1,000 mortgages from Abu Dhabi Finance (ADF). The transaction provides further growth for ADCB’s retail …
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First Abu Dhabi Bank approves Dhs8.08bn cash dividends for 2020
Abu Dhabi’s biggest lender, has approved the distribution of 74 per cent cash dividends (Dhs0.74 per share), implying total cash dividends of Dhs8.08 bn for the financial year ended December 31, 2020.
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UAE tourist visa extended free; valid till March 31
Several tourists, upon checking their e-visa status online, confirmed that their visas have been automatically extended.
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UAE’s ADNOC appoints new managing director, restructures to form executive board of directors
Dr Sultan Ahmed Al Jaber has been appointed as managing director of ADNOC, in addition to his current position as CEO …
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VIDEO: Pogacar underlines superstar status with UAE Tour victory
Reigning Tour de France champion Tadej Pogacar won season-opening UAE Tour as Australian Caleb Ewan claimed Saturday’s seventh stage sprinting honours in Abu Dhabi on Saturday.
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UAE, Kuwait support Saudi Arabia’s response to US report on murder of Khashoggi
Kuwait supports the statements made by Saudi Arabia on the United States’ intel report pertaining to the Kingdom’s leadership regarding the murder of the …
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UAE fund Amanat makes Gulf’s biggest healthcare deal ‘in recent year’ with Cambridge buy
This is Amanat’s first wholly-owned investment in the healthcare sector in the UAE – and also “one of the biggest GCC healthcare deals in recent years”. “The acquisition of CMRC offers Amanat a …
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6 things to do before it gets too hot in Dubai
Consider this your springtime hit list… With temperatures expected to edge into the 30s by the end of this week, Dubai is at its alfresco-loving best right now. So, before the heat of summer kicks in …
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