The billionaire founder of one of Dubai’s largest developers, DAMAC Properties, announced on June 9 his intention to take the company fully private by buying its publicly traded shares in a move …
‘Mentoring T10 club in Dubai doesn’t fall under conflict clause’: Mohammad Azharuddin hits back at HCA
Ex-Indian captain Mohammad Azharuddin has been removed from the post of Hyderabad Cricket Association president following complaints of alleged violation of rules.
$1.3bln of weeklong real estate transactions in Dubai
DUBAI – A total of 1,921 real estate and property transactions valued at AED5 billion were registered during the week ending 17th June 2021, according to the Dubai Land Department (DLD) weekly report.
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SPACs seek solid credentials for business combinations
Vistas Media Acquisition Company (VMC) has set up a $150 plus million multi-strategy investment fund, leveraging its expertise across SPACs and content specialty financing within the Abu Dhabi Global …
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How Baqer Mohebi transformed a small shop on Dubai creek into a business empire
Baqer Mohebi shops are known for huge discounts. We trace men behind its transformation. Get Breaking News Alerts From Gulf News We’ll send you latest news updates through the day. You can manage them …
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Etihad Cargo transports new Covid-19 intravenous treatment to Abu Dhabi
Etihad Cargo, the Abu Dhabi Department of Health, group purchasing organisation Rafed, and pharma firm GlaxoSmithKline (GSK) have teamed up to facilitate …
Lebanese expat becomes overnight millionaire after winning Dubai Mahzooz lottery
Wissam has also become the third Lebanese millionaire this year after his fellow citizens Abu Ali and Bassem won Dhs1 million each in the 10th and 21st draws respectively.
MIDEAST STOCKS Dubai bourse gains, major Gulf markets fall
Most major stock markets in the Gulf ended lower on Thursday, although the Dubai index was boosted by gains in financial shares.
Gold falls below $1,800; 24K slips to Dh219 in Dubai
Gold prices fell below $1,800 an ounce on Thursday afternoon and US Federal Reserve (Fed) signalled that it may raise interest rates earlier than expected, pushing dollar also to its strongest single …
UAE Central Bank finds banking sector resilient in its new Financial Stability Report
Dubai: Key solvency and liquidity indicators that demonstrate the resilience of the UAE’s financial system amid the COVID-19 pandemic remained robust according to the Central Bank of the UAE’s (CBUAE) …
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UAE central bank expects GDP growth as country recovers from COVID restrictions
The central bank of the United Arab Emirates said the country’s gross domestic product will grow 2.4% this year and 3.8% in 2022 as the economy recovers from restrictions imposed during the COVID …
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Red Bull Racing Honda F1 Show Car Comes to Town
F1 fans rejoice! Al-Futtaim’s Trading Enterprises, the exclusive distributor of Honda vehicles in the UAE, will be taking the RB16B Red Bull Racing Hond …
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Al-Madina opens two outlets in Dubai’s Jebel Ali
Al-Madina Group, a leading retail brand in the UAE and the region, has opened two new projects, Crown Mall and Mango Hypermarket, on Al Asayal Street in Jebel Ali Industrial Area-1. The opening of the …
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Central Bank of UAE’s Financial Stability Report finds financial system resilient
Dubai: Key solvency and liquidity indicators that demonstrate the resilience of the UAE’s financial system amid the COVID-19 pandemic remained robust according to the Central Bank of the UAE’s (CBUAE) …
UAE delivers 60,000 COVID-19 vaccine doses to Yemen’s strategic island: gov’t source
The United Arab Emirates (UAE) on Thursday dispatched a plane carrying a shipment of 60,000 COVID-19 vaccine doses to war-ravaged Yemen, a government official told Xinhua. The Emirates Red Crescent …
New evaluation criteria for CBSE Grade 12 results: What UAE school principals, students have to say
The CBSE had submitted its evaluation criteria for Class 12 results to the Supreme Court of India earlier in the day. The new evaluation criteria will take into account the performance of the students …
Dubai real estate market investments total $9.8bn so far in 2021
Dubai Land Department says property sector will witness ‘increased growth and a greater recovery’ as emirate prepares to host Expo 2020 …
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