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Month: April 2023

Posted on 20/04/2023

Dubai Waives AED 146m in House Loan Repayments for Low-Income Citizens

Dubai will waive AED 146 million in housing loan repayments for 426 low-income citizens and this step will be taken to improve the living standards of Emiratis, according to the Crown Prince of Dubai …

Posted on 20/04/2023

Art Noor pays homage to Ramadan with Salam99 art offering in Dubai

Dubai based artist Art Noor is an abstract expressionist painter, focusing on spiritual subjects such as the names of Allah, and Verses of Love by Rumi. He has practiced his art while being based in …

Posted on 20/04/2023

‘Pressing need’ for more homes to ease Dubai property shortage, experts say

Dubai’s population boom, paired with an influx of European property investors, is driving a housing shortage and a rise in rents, real estate experts have said. The city’s popularity has led to new …

Posted on 20/04/2023

UAE property: ‘Can I refuse to sign my lease after moving into the unit?’

I rented a new apartment. The unit is owned by a management company, unlike the single owner I dealt with for the previous apartment I rented. I handed over the rent cheques to the company and they …

Posted on 20/04/2023

Singapore’s CBC, Abu Dhabi’s Mubadala raise US$315 million for Hasten Biopharmaceutic

Singapore-based healthcare investment firm CBC Group said on Thursday that it and Abu Dhabi sovereign wealth fund, Mubadala Investment Co completed a US$315 million fundraising round for Hasten …

Posted on 20/04/2023

Dubai Real Estate Market: A preferred Global Destination for investments; Experts predict continuous growth in the next 2 years

The Dubai real estate market is on a promising growth path. This growth can be attributed to the path-breaking policies adopted by the UAE government, which have had a positive impact on not only the …

Posted on 20/04/2023

India Accelerator plans to invest $15-20 million via Dubai-based incubator

IA announced that it will invest $15-20 million via its recently launched iAccel Gulf Business Incubator by 2023-end.

Posted on 20/04/2023

Dubai Islamic Bank posts 12% surge in quarterly profit on higher revenue

Dubai Islamic Bank’s balance sheet expanded by 1.3 per cent YTD to Dhs292bn while customer deposits settled at Dhs198bn …

Posted on 20/04/2023

DCT Abu Dhabi launches $98m culinary investment fund

Abu Dhabi (DCT Abu Dhabi) has launched a new AED360million ($98 million) Abu Dhabi Culinary Investment Fund that will help introduce leading brands to the UAE capital over five years. In addition, the …

Posted on 20/04/2023

Eid Al Fitr 2023 in UAE: Dh100,000 fine, 1-year jail for unlicensed dealing in fireworks

A penalty of imprisonment for no less than one year and a fine of no less than Dh100,000 or either shall be imposed on anyone in the UAE who, without a lic..

Posted on 20/04/2023

UAE is innovating and changing the world

UAE has attracted investments in emerging technologies, with the government’s investment in AI alone estimated to reach more than $33 billion by 2027 …

Posted on 20/04/2023

FBR detects illegal import of smartphones worth $7.19m

FBR official says 52 Goods Declarations worth $8.5m related to imports of mobile phones cleared between Dec and Feb.

Posted on 20/04/2023

South Korea import prices drop in March at fastest pace in 27 months

South Korea’s import prices dropped in March at their fastest pace in 27 months, dragged down by weaker oil prices, central bank data showed on Thursday. The import price index, measured in the local …

Posted on 20/04/2023

Govt not making efforts to bring back Jatin Mehta to face law due to Adani link, alleges Cong

Its shocking that the 13 companies to which this jewellery was exported in Dubai were eventually all owned by Jatin Mehta and his family, Shrinate alleged.It was said that those companies refused to …

Posted on 20/04/2023

From Tuscany to Dubai, why are an increasing number of Indians taking their weddings international?

An increasing number of couples from India are selecting overseas destinations to tie the knot, more than ever before. For tourism and hospitality sectors worldwide, these weddings are proving to be …

Posted on 20/04/2023

Global Hydrogen Storage Tank Market to Accrue 32.87% CAGR with Ongoing R&D Activities to Reach USD 1561.32 million by 2030, States Extrapolate

Global Hydrogen Storage Tank Market to Accrue 32.87% CAGR with Ongoing R&D Activities to Reach USD 1561.32 million by 2030, States Extrapolate Apr 19, …

Posted on 20/04/2023

UAE: Family offices flock to Emirates to tap over Dh2.5 trillion market

Many hedge funds, crypto companies, venture capital firms have established their presence in the country, thanks to a number of new reforms and legislations …

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