The National Center of Meteorology and Seismology (NCMS) has announced that today’s humidity levels are set to reach a high of 90 percent. While the levels of humidity are on a rapid incline, the temperature is actually going down… slightly. According …
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Watch out for multiple traffic accidents, tailbacks in Dubai
Dubai: Drivers faced heavy congestion and further delays on their morning commute with as many as nine major accidents in hour on Dubai’s busy roads. With humidity levels of up to 95 per cent on Tuesday morning, the fog was the most likely culprit for …
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Investment bank Houlihan Lokey to open Dubai office
Houlihan Lokey sees opportunities in the region to bring in outside capital whether it is from insurance companies, hedge funds, private equity or others, Arun Reddy, a managing director of the firm currently based in London, who will relocate to Dubai to …
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Conservative lending curtails profitability of UAE banks
according to UAE Banking Pulse, an analysis of key data of top 10 banks by Alvarez & Marsal (A&M), global professional services firm. In 2017 the UAE banks are expected to report mid to high single-digit growth in assets while maintaining costs to income …
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UAE business confidence rebounds strongly in first quarter
Dubai: Business confidence in the UAE has rebounded strongly and hit its highest level since 2015, indicating that companies are feeling more positive about the economy and expanding their headcount. According to the latest edition of the Global Economic …
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Dubai Taxi launches Phase II of Interactive Screens and Wi-Fi in Taxicabs Project
The Dubai Taxi Corporation, DTC, at the Roads and Transport Authority, RTA, has embarked on Phase II of Installation of Interactive Screens and Free Wi-Fi service Project in 700 Taxicabs in Dubai Marina, JBR, and Down Town areas. The step will raise the …
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Dubai’s new taxi fleet will come with wifi and flat screens!
Just in case you needed one more reason to want to move to Dubai, they have just released taxis with Wi-Fi service and interactive smart screens! Dubai has officially started implementing its plan to digitize its taxi fleet, with yesterday already marking …
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Cost of sending money: What you need to know
Dubai: The recent increase in the cost of money transfers from the UAE will not affect the majority of expatriates who make a beeline at exchange houses every payday. Remittance service providers in the UAE have recently increased their transaction charges …
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Dubai Holding appoints new CEO, denies any merger plans
His comments came as Dubai Holding presented its new business model to Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, deputy ruler of Dubai. The conglomerate will establish a new organisational structure, a debt management programme, focus on growth in …
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The National newspaper of Abu Dhabi sees layoffs after sale
International Media Investments, owned by Sheikh Mansour bin Zayed Al Nahyan of Manchester City, bought The National in November from state-owned Abu Dhabi Media. The English language paper was founded in 2008, staffed with top writers and editors from …
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Cisco Connect UAE 2017 to shed light on how businesses can thrive in the digital era
Themed ‘Your Time is Now,’ Cisco Connect UAE 2017 will address the current technology landscape as businesses transition into effective digital enterprises. The event will demonstrate multiple solutions across verticals and showcase how connected …
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Smart Dubai board reviews latest technologies
The Board of Directors of Smart Dubai Office (SDO) discussed the latest innovative technologies that were approved by SDO and employed by SDO’s teams during its recently held 9th meeting in Dubai, UAE. Presided over by Saeed Mohammed Al Tayer, chairman of …
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UAE expats to pay more for sending money home
A few leading money exchange houses in the UAE have increased remittance fees by between seven and 10 per cent to “cope with the rising cost” of doing business. Fee for remittance below Dh1,000 has been increased by Dh1, up from Dh15 to Dh16, and for …
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Dubai's popularity as Mice destination grows
Through 2016, DWTC’s Dubai International Convention and Exhibition Centre (DICEC) venue hosted 298 Mice and business events, including over 100 mega-events, delivering a record 3.03 million attendees, delegates and visitors to these events, reflecting …
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UAE to develop three projects worth Dhs171m in Sharjah, Umm Al Quwain
The UAE’s Ministry of Infrastructure Development is developing three projects worth Dhs171m in Sharjah and Umm Al Quwain, official news agency WAM reported. The projects include two projects for the Ministry of Interior and one for the Ministry of …
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$1bn UAE mall partners with Majid Al Futtaim unit
Abu Dhabi’s upcoming fashion, entertainment and dining destination, the $1-billion Reem Mall, has signed a leasing agreement with Majid Al Futtaim Ventures, the leisure, entertainment, fashion and business arm of UAE-based conglomerate Majid Al Futtaim …
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Dubai Financial Market : Women Establishment signs MOU with DFC
Dubai Women Establishment has signed a Memorandum of Understanding (MoU) with Dubai Financial Market (DFC) to enhance women’s participation on the boards of listed companies. The agreement will enable both parties to exchange knowledge and expertise, as …
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