Appropriately named the city’s ‘brightest star’ by Cluttons in their 2017 Property Report, the sector has proven to be healthy, holding stable rents over much of 2017. With an estimated total value of Dhs6.4bn ($1.74bn) being pumped into Abu Dhabi …
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Dubai Property Show and International Property Show Kicks Off
The highly-anticipated 14th edition of the International Property Show (IPS), the Middle East’s biggest property sales platform for local, regional and international real estate markets, kicked off and will run until 11th April at the Dubai International …
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Dubai Chamber to Open Argentina Office in 2018
During the visits, UAE delegates met with public and private sector stakeholders and explored business potential that exists within the markets. “Dubai Chamber is pushing ahead with an ambitious strategy to expand its presence in Latin America and …
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Nordic know-how from Reaktor takes root in UAE
We’re also seeing leadership that’s willing to cannibalise their existing business to create new services that might overcome hurdles faced by the old ones. Is there enough digital talent to go round in the UAE? Finding good digital talent is hard …
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Dubai’s private sector economy eases in March but remains in growth
A key gauge of Dubai’s non-oil private sector economy eased slightly in March to the lowest increase in four months, but it remained in growth territory as business conditions improved. But employment slipped into contraction for the first time since …
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Team Abu Dhabi look to start season on a high
Abu Dhabi: The 2018 UIM XCAT World Championship gets under way … Competition is likely to be intense this season, even after the recent news that Dubai’s Victory Team has withdrawn from the series to pursue an American racing programme.
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Dubai-based Abraaj hires Houlihan Lokey for health fund advice after dispute
DUBAI (Reuters) – Dubai-based private equity firm Abraaj has hired U.S. investment bank Houlihan Lokey (HLI.N) to help it try to stem the fallout from a dispute with investors over its healthcare fund. Disagreements came to light earlier this year over how …
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Dubai Smart Coast system to issue maritime forecast, alerts
Dubai: Dubai Municipality has launched Dubai Smart Coast System for the presentation of the Dubai Maritime Database and Maritime Forecasting System. The system, a revamp of the Dubai Coast website which has been operating since 2003, was launched during …
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Dubai SME expands Beehive finance deal
Dubai: The Mohammad Bin Rashid Fund for SME (MBRF), the financial arm of government agency Dubai SME, has expanded its partnership agreement with peer-to-peer lending platform Beehive. Under a Memorandum of Understanding (MoU) signed last year, MBRF will …
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Dubai’s Abraaj said to seek help over $1bn health fund concerns
The Dubai-based firm held talks last week with some of the investors … The Bill & Melinda Gates Foundation, the World Bank’s International Finance Corp. unit, CDC Group and Proparco Group had hired a forensic accountant to examine what happened to …
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Raytheon’s Mathalive! Exhibition Officially Inaugurated at Higher Colleges of Technology in Ras Al Khaimah
MathAlive! was developed and created by Raytheon to educate and inspire students to pursue careers in science, technology, engineering and math (STEM) – essential fields for future generations of UAE youth to contribute to the nation’s economy.
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No passport required under Dubai’s ‘smart bail’ system
He told Gulf News that the ‘smart bail’ initiative will be put into practice across all the police stations in Dubai ‘very soon’. “This initiative will make the lives of suspects involved in such misdemeanour cases easier. It falls within the …
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Dubai’s private sector business conditions improved in March
Dubai: Dubai Economy Tracker (DET) data for March signalled an improvement in business conditions across Dubai’s non-oil private sector with sharp growth in both output and new work contributing to the latest expansion. While the employment slipped into …
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Sharjah Police launch environment-friendly cars
Sharjah: Sharjah Driving Licensing Department in cooperation with Al Futtaim Motors has introduced environment-friendly cars to test drivers. This initiative comes within the framework of achieving the objectives of the Ministry of Interior’s strategic …
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Dubai’s mid-market real estate strong in Q1, report shows
Luxhabitat noted that the drop is likely due to the announcement that Dubai developers need their projects to reach 50 percent completion before declaring their properties for sale, as well as pay off all the costs related to land. Property Monitor …
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Omniyat secures $40m financing for Dubai real estate project
Dubai-based developer Omniyat has $40 million in construction financing from Kuwait’s Burgan Bank for its twin tower project, The Sterling. Located in Dubai’s Burj Khalifa area, the Sterling will consist two towers – the East House and West House …
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Dubai school celebrates 50 years of service
Dubai: From one room in Bastakiya to a huge campus for more than 10,000 students, GEMS Our Own English High School (OOEHS), one of Dubai’s oldest and biggest schools, celebrated its 50th anniversary on Monday. At a ceremony held at the school, now …
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