Arabian Business reported that developers of high-end homes in Abu Dhabi appear to be sensing a bottoming of the market and are pressing ahead with new schemes, according to real estate consultancy Cluttons. Its Abu Dhabi Property Market Outlook report for …
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Emaar signs for trio of properties at Aljada, Sharjah
In a significant deal that will boost the hospitality landscape of Sharjah, Arada, a joint venture between KBW Investments and Basma Group, has signed a management agreement with Emaar Hospitality Group. The deal with the hospitality subsidiary of Emaar …
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Newt Gingrich: Dispatch from Dubai — Camel racing with robot jockeys
As you can imagine, we returned from Dubai with a lot of new thoughts. Robot jockeys racing camels! Who knows what will surprise us next? Newt Gingrich is a Fox News contributor. A Republican, he was speaker of the United States House of Representatives …
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Qatari campaign against Abu Dhabi
Abu Dhabi was not convinced about this … He is the former general manager of Al Arabiya news channel, and former editor-in-chief of Asharq Al-Awsat.
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Dubai Police launches new emergency locator service
Kamel Butti Al Suwaidi, director general of operations at Dubai Police, said that the activation and implementation of this technology follows recommendations made at the annual meetings of the UAE Government. He said the meetings recommended immediate …
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UAE banks could raise fees to offset VAT costs – report
Emilio Pera, partner and head of Financial Services, KPMG Lower Gulf, said: “Banks in the UAE are operating in very dynamic times. The introduction of new laws and tougher regulations is putting tremendous pressure on banks to re-think their business models.
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Money & Me: ‘The UAE offers many opportunities to make money, especially in real estate’
Safdar Badami had a very successful career in the United States when he “got the call” from his father in 2010 asking him to return to the UAE to join the family business. Mr Badami then joined Al Muqarram Industries – which manufactures construction …
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Opinion: UAE equal pay law is a good start but there’s more to do
It’s up to all of us, every day, to challenge this outdated idea. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Divorce battle strands Russian billionaire’s $540 million yacht in Dubai
Agents acting on behalf of the British courts petitioned the DIFC Courts to take control of the yacht, Dubai newspaper Gulf News reported, as parties working for Akhmedova had been searching for her husband’s assets globally so she could get payments as …
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Dubai tycoon Al Habtoor bullish over UAE prospects in 2018
Dubai billionaire Khalaf Ahmad Al Habtoor believes 2018 will be a much better year for businesses in the UAE after a tough year in the previous 12 months. The founding chairman of the Al Habtoor Group acknowledged a challenging 2017 when the business …
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Top UAE Companies Share Best Practices in Workplace, Environment and Community
Dr. Belaid Rettab, Senior Director, Economic Research & Sustainable Business Development Sector, Dubai Chamber, noted that the strong participation in the sessions reflected a growing awareness about important sustainability and CSR matters impacting …
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Dubai develops renewable-powered digital utility
The Dubai Electricity and Water Authority (DEWA) has put forward a project to create a digital, artificial intelligence-powered utility. The ‘Digital DEWA’ project is set to transform the traditional business model of a public utility, according to the …
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UAE strategy to cash in on blockchain
Over 50 per cent of the UAE’s federal transactions would be powered by blockchain technology by 2021, it was announced on Wednesday. The Emirates Blockchain Strategy would help the country save Dh11 billion spent annually on document transactions and …
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Dubai in private sector talks to launch healthcare innovation hub
Dubai Health Authority (DHA) will soon establish an innovation centre in a public-private collaboration aiming to develop healthcare technology. The centre will be in located behind Rashid Hospital and DHA said it is working with the private sector to …
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UAE bank guarantees reach $106bn in February
Guarantees provided by the UAE-based banks in February increased to Dh389.4 billion ($106 billion) from Dh388.98 billion in January, with industry reports expecting a further increase in the value of this facility in line with the current mobility recorded …
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Sharjah Islamic Bank launches $500m sukuk
Dubai: United Arab Emirates’ Sharjah Islamic Bank has launched $500 million (Dh1.8 billion) sukuk with a spread set at 150 basis points over mid-swaps, a document from one of the banks leading the deal showed. Initial price guidance for the deal was in …
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Somalia disbands UAE program to pay and train hundreds of soldiers
The government will take over paying and training the soldiers in the program, Defence Minister Mohamed Mursal Abdirahman told Somalia’s state news agency SONNA on Wednesday. The UAE has trained hundreds of troops since 2014 as part of an effort boosted by …
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