Aldar Properties plans more acquisitions as it sees opportunities in a slowing property market, its chief executive said on Tuesday. Late last year the Abu Dhabi-based developer bought an office tower in the emirate for Dhs658m ($179m). Read: Abu Dhabi’s …
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Debate over $2tr Aramco IPO valuation hots up
David Hodson, Dubai-based expert in energy finance and managing director of BluePearl Management consultants, said: “There is always a lot of positioning around an IPO. With one this big and important, there are so many more moving parts. In particular …
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VAT relief for gold on the cards in UAE
The UAE’s gold jewellery trade hopes for a surprise in the form … “This means, there will be no actual payment of VAT on business to business transactions. Under the Reverse Charge Mechanism, there will only be documented entries of five per cent VAT …
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Transforming trash into treasure at World Art Dubai
Dubai: A Dubai resident known for wearing every piece of trash she generates is reinforcing her message this month to reduce waste by showcasing her recycled artwork at the World Art Dubai exhibition. Opened on Wednesday, the exhibition taking place at …
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Seventh Dubai HeliShow to kick off in November 2018
The seventh edition of Dubai HeliShow, the biennial international helicopter technology and operations exhibition dedicated to the helicopter industry, will be held from November 6 to 8, 2018, at the Royal Pavilion, Al Maktoum International Airport …
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7th Dubai HeliShow to kick off in November
DUBAI, 18th April, 2018 (WAM) — The 7th of Dubai International Helicopter Technology and Operations Exhibition, Dubai HeliShow, is set to take place from 6th to 8th November, 2018, at the Royal Pavilion, Al Maktoum International Airport, Dubai South.
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Hyperloop Transportation Technologies Moves Forward with First Commercial Hyperloop System in the UAE
PLAYA VISTA, Calif., April 18, 2018 /PRNewswire/ — (VIDEO/IMAGES) HyperloopTT and Aldar Properties sign an historic agreement for the world’s first commercial Hyperloop system of 10km in critical development area between Abu Dhabi and Dubai– Hyperloop …
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Dubai Investments Unveils New Corporate Logo, Brand Identity
The new logo also echoes Dubai Investments’ strategic roadmap on sustained investments that transcends sectors and geographies in an evolving business landscape.
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Exclusive – First Saudi Arabian-linked banks join al-Gosaibi debt settlement plan
DUBAI (Reuters) – Two Saudi Arabian-linked banks have become … Reuters was not able to confirm the buyer of the debt, but hedge funds and other traders specialising in distressed debt have shown an increased interest in the debt of AHAB and Saad in …
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Dubai’s DIFC launches new drive to attract Asian investment
Dubai International Financial Centre (DIFC … DIFC is also home to China’s four largest banks in terms of total assets – Bank of China, Agricultural Bank of China, ICBC and China Construction Bank Corporation. The new initiative also aim at offering …
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Dubai Islamic Bank’s first quarter net income surges, beating estimates
Dubai Islamic Bank on Wednesday reported a 16.4 per cent year-on-year jump in net profit, beating analysts’ estimates, as revenues climbed for the UAE’s biggest sharia-compliant lender by assets, on the back of higher income from fees and commission …
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Emaar weakness outweighs strong bank results on DFM
Weakness in Emaar Properties ahead of the annual general meeting outweighed better than expected results from Dubai Islamic Bank and Emirates NBD, resulting in more than 1 per cent losses on the Dubai index. Emaar Properties, which has the highest …
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KCB offers Kenyan diaspora in Australia and Dubai new banking incentives
NAIROBI, APR 18 — KCB Bank Kenya has stepped up its foray into Australia and Dubai to offer Kenyans in the diaspora a chance of taking part in the vibrant economic and investment opportunities back home. The bank kicked off a month long tour of Australia …
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Warner Bros. amusement park opening this summer in Abu Dhabi — the latest offering in a crowded U.A.E. market
Abu Dhabi will open a $1 billion US indoor Warner Bros. amusement park this July. Officials made the announcement on Wednesday at the Warner Bros. World park. It was built by the Abu Dhabi government-owned Miral Asset Management and encompasses 1.65 …
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Warner Bros’ $1 billion theme park in Abu Dhabi to open in July
ABU DHABI (Reuters) – Abu Dhabi hopes the opening of a $1 billion Warner Bros theme park in July will help it in its bid to nearly double the number of tourists visiting the emirate over the next few years. Oil-rich Abu Dhabi is investing billions of …
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Abu Dhabi’s Warner Bros. indoor amusement park opens in July
ABU DHABI, United Arab Emirates (AP) — Abu Dhabi will open a $1 billion indoor Warner Bros. amusement park this July. Officials made the announcement on Wednesday at the Warner Bros. World park. It was built by the Abu Dhabi government-owned Miral Asset …
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UAE rights activist Ahmed Mansoor put on trial in Abu Dhabi
The trial of an Emirati human rights activist, who was arrested after falling foul of the country’s cybercrime laws, has started in the UAE’s capital, Abu Dhabi. Ahmed Mansoor was arrested on March 20 last year after authorities accused him of using his …
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