Abu Dhabi. The luxury property combines iconic brand elements and awe-inspiring design and architecture with a central location in the capital that offers easy access to world-class shopping, dining and cultural events. As the second Grand Hyatt hotel in …
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UAE insurers expect business uplift following Dubai tower blaze
UAE insurers are expecting a surge in residents buying home and contents insurance in the wake of Sunday’s Zen Tower fire in Dubai Marina. “We are definitely busier than usual with enquiries for home insurance since news of the fire, and this is a …
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UAE property players react to Dubai’s online real estate plan
Two of the UAE’s best known web portals have welcomed the announcement by Dubai Land Department (DLD) to move all real estate transactions online. Propertyfinder and Dubizzle Property hailed the move, saying it will promote transparency and ease the …
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Lifting of corporate fines is boon for UAE business, analysts say
A decision by Dubai and Abu Dhabi governments to exempt businesses from corporate fines is a further boost for UAE companies grappling with high operating costs and the sticky residues of a challenging economic period, analysts told The National.
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United Arab Emirates Joins the Top 15 Most Powerful Passports in the World
UAE fastest growing passport in world … Arton Capital is a Canadian global financial advisory firm specializing in empowering governments in attracting foreign direct investments, global citizens and in providing strategic advice to developers and …
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Why Children Need to Learn Financial Literacy
Young entrepreneurs in Dubai were showcasing innovative products. The next generation is far ahead of mine when it comes to innovation. There is a still unanswered question in my soul. Is this new generation equipped with financial literacy? This cool and …
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Dubai Financial Market : ADX-DFM merger dream may be reborn – Analysts
Dubai – Mubasher:The idea of merging the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) has been revived after five years of hibernation. Earlier in May, an informed source told Al Khaleej newspaper that the settlement of the …
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5 Tips to Quickly Get Rid of Debt in UAE
In times of necessity, and also luxury, a personal finance or credit card can provide a lot of support. Unfortunately, accessing easy credit can also lead to an error in judgement, and eventually excessive debt. For some years, debt has put both UAE …
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Nineteen UAE banks post AED 10.7 billion net profit during Q1
Of the 19 banks, seven banks listed on the Dubai Financial Market made net profits of AED 4.7 billion during Q1 2018, a growth of 27 per cent from 3.7 billion, during the same period last year and 12 banks listed on the capital’s bourse booked AED 6.00 …
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Dubai tops global real estate with 8pc rental returns
Dubai currently leads the global real estate sector in terms of investment locations among the major cities, with returns averaging 7-8 per cent per annum, compared to the best performing cities in the world, according to a report by Private Finance …
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Dubai index surges nearly 2%, Tadawul leads gains
The Dubai Financial Market General Index closed 1.89 per cent higher at 2,964.13. Dubai Islamic Bank closed 5.85 per cent higher to Dh5.07. Emaar Properties closed 2.16 per cent higher to Dh5.20. Emaar Development closed nearly 1 per cent lower to Dh5.30.
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Did the UAE have a chance at making the World Cup and blew it?
So why has the UAE not had that much success? Is it due to a lack of financial commitment to the team’s development? This lack of success could be due to several factors that can be mitigated with the right investments. World-famous Egyptian player …
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Iconic projects taking distinctive shapes in Dubai
Dubai: Two major projects in Dubai, the Museum of the Future and Mohammad Bin Rashid Library, are progressing fast, with their distinctive shapes now becoming obvious. The Museum of the Future, coming up in front of Emirates Towers on Shaikh Zayed Road, is …
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Dubai’s Museum of the Future seeks new technologies with accelerator programme
Dubai’s upcoming Museum of the Future has launched a new scheme designed to catch the eye of technology companies offering futuristic solutions for visitor experiences. The accelerator programme will see 15 companies flown to Dubai to demonstrate …
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Sharjah to launch summer festival
Sharjah: A summer festival will be launched for the first time in Sharjah on July 10, and will last for two months. Khalid Jasem Al Midfa, chairman of the Sharjah Commerce and Tourism Development Authority (SCTDA), announced that the first edition of the …
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UAE jails activist for 10 years over social media posts, report says
Prominent Emirati activist Ahmed Mansoor has been sentenced to 10 years in jail and fined 1 million UAE dirham ($349,500 Cdn) on charges of criticizing the United Arab Emirates government on social media, Abu Dhabi’s The National newspaper reported late …
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Expat remittances from the UAE up 17% in Q1
Remittances by expats in the UAE, mostly Indian workers, rose over 17% in the first quarter of this year. They remitted AED43.5 billion in the first three months of 2018 compared to AED37.1bn last year, reported Wam news agency based on figures by the …
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