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Month: April 2021

Posted on 13/04/2021

UAE: Sombre celebrations as Indian expatriates mark their New Year

The traditional New Years are coinciding with the second and third days of the holy month of Ramadan in the UAE, making it an auspicious time for believers across the country. Retail outlets, flower …
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Posted on 13/04/2021

Ramadan 2021: UAE aims to cut food waste by half by 2030

In the UAE, on an average a person wastes around 224 kg of food each year, which is more than double the figure for Europe and the US, according to the Food Sustainability Index 2020. During the holy …
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Posted on 13/04/2021

Israeli vessel attacked near Fujairah port in the UAE

Dear Reader, This section is about Living in UAE and essential information you cannot live without. Register to read and get full access to gulfnews.com or …
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Posted on 13/04/2021

Dubai shuts down social media accounts, websites for promoting fake products

Dubai Economy announced the closure of several social media accounts and websites for promoting smuggled and counterfeit products. The action was taken in coordination with the Communications …
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Posted on 13/04/2021

Dubai SME wins contracts worth $244m in 2020

Dubai SME, the agency of Dubai Economy mandated to develop the SME sector, supported its members with procurement contracts worth AED896 million ($244 million) from 61 local and federal government …
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Posted on 13/04/2021

Dubai Islamic Bank breaks pricing record launching $500 mln Gulf AT1 bonds

Dubai Islamic Bank (DIB), the largest Islamic lender in the United Arab Emirates, launched a $500 million sale of Additional Tier 1 sukuk at 3.375 percent on Tuesday, setting a record low rate for …
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Posted on 13/04/2021

Dubai Islamic Bank breaks pricing record for Gulf AT1 bonds

Dubai Islamic Bank (DIB), the largest Islamic lender in the United Arab Emirates, launched a $500 million sale of Additional Tier 1 sukuk at 3.375% on Tuesday, setting a record low rate for the …
( read original story …)


Posted on 13/04/2021

UAE: How budgeting for personal care and grooming changed with COVID-19

Find out how! Dubai: As one of the fastest growing beauty and personal care markets in the region, the UAE offers a lot of choice to consumers to shop from their favourite brands. There are …
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Posted on 13/04/2021

Covid vaccine UAE: 118,805 doses administered in 24 hours

The UAE has administered 118,805 doses of the Covid-19 vaccine in the past 24 hours. The country’s Ministry of Health and Prevention (MoHAP) said the total doses administered now stands at 9.15 …
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Posted on 13/04/2021

Watch: UAE performs its first deep-brain surgeries on 4 Parkinson’s patients

The process involves implanting a small device into precise areas of the brain, and its function is similar to that of a heart pacemaker. Four Emiratis suffering from Parkinson’s will now be able to …
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Posted on 13/04/2021

UAE banks’ loan loss provisions surge 71.6% to $8.2 billion

Banks in the UAE booked the biggest spike in loan loss provisions in the GCC with an increase of $3.4 billion or 71.6 per cent to reach $8.2 billion in 2020 as the total LLP recorded across the region …
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Posted on 13/04/2021

UAE: Working on a visit visa can get you into trouble

Want to protect your labour rights? Make sure you do not work while on a visit visa Dubai: If you have been working with a company, while on a visit visa, can you claim monetary compensation, in …
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Posted on 13/04/2021

The UAE’s residency visa reforms drive Indians to buy residential properties in Dubai

Property consultants said they’re seeing a shift in demand from compact residences to those that have extra space as the work-from-home culture looks like it will last Dubai is seeing a rush of …
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Posted on 13/04/2021

neo capital announces $73m JV purchase of property in US

Dubai-based neo capital, a leading asset management company … The latest acquisition, secured in partnership with Monday Properties for $73 million, provides investors in the UAE and Gulf region …
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Posted on 13/04/2021

No let-up in recovery of Dubai’s real estate market during Ramadan, say experts

While S&P Global Ratings analyst Sapna Jagtiani previously told Bloomberg that she expected the property market in Dubai to ‘bottom out’ next year, after weathering a tough 2020. Taimur Khan, …
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Posted on 13/04/2021

Hacking: Beware of free WiFi when shopping, warns UAE authority

UAE residents were told to be vigilant when accessing public WiFi, use hotspot instead Abu Dhabi: Authorities have issued a fresh warning to residents, cautioning them to avoid using public WiFi …
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Posted on 13/04/2021

Cruise to be Dubai’s exclusive self-driving taxi provider

Cruise is setting its sights abroad for the first time after years of testing its self-driving vehicle technology in the US. The GM-backed autonomous vehicle developer is looking to make Dubai the …
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