DUBAI (Reuters) – Non-oil economic growth in the United Arab Emirates is set to rebound this year as austerity slows after a couple of years of tough belt-tightening due to low oil prices, a senior official of the International Monetary Fund said on Sunday …
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Donald Trump Jr. tells Dubai graduates to live their dreams
Donald Trump Jr. has a message for graduating students in the Middle East. “Your opportunities are now boundless,” he told the class of 2017 at the American University in Dubai on Sunday. “Don’t let someone’s vision of your life get in the way of your dreams.”
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Dubai: $353m expansion of sewage plant is 17% complete
Work on doubling the capacity of Jebel Ali Sewage Treatment Plant in Dubai is ongoing at full pace, with 17% of the project’s second phase already completed. According to a report by WAM, the $353 million expansion works project has three main objectives …
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Dubai’s Nakheel awards $408m contract for The Palm Gateway
The Dubai developer Nakheel says it has signed a construction contract worth nearly AED1.5 billion ($408m) for The Palm Gateway, a three-tower residential, retail and beach club complex at the foot of the Palm Jumeirah. Nakheel has appointed Shapoorji …
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7 things to do in Dubai this week
Not sure this requires much explanation beyond the title, does it? This is a pre-Ramadan mini shopping festival in which the majority of stores across Dubai will be offering discounts of between 30 and 90 percent from select lines in their stores.
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Parents dread fee hike after Dubai school…
Back in February, schools in Dubai were given the go ahead to increase their tuition … Filipina mother-of-two May R. received news last week that her son’s school, rated ‘good’, would be raising the fees as per the fee frameworks structure.
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Mashreq CEO foresees branchless future for UAE bank
Dubai headquartered Mashreq could become a branchless bank thanks to new automation and self-service technology, said its CEO Abdul Aziz Al Ghurair in a speech this week to mark the bank’s 50th anniversary. An announcement about a new digital only spin-off …
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Dubai’s Emaar Properties posts 15 percent jump in first-quarter profit
DUBAI Dubai’s Emaar Properties EMAR.DU, builder of the world’s tallest tower, reported a 15 percent rise in first-quarter net profit on Sunday, broadly in line with analysts’ expectations. The developer, in which Dubai’s government owns a minority stake …
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Dubai Economy sees 12% increase in licenses issued in Q1 2017
Dubai Economy saw a 12% increase in business licenses issued during the first three months of 2017 compared to the same period in 2016, indicating remarkable optimism among investors and stability across industry sectors. Total number of licenses issued in …
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Dubai government secures $3 billion financing for airports expansion
DUBAI The Dubai government said on Sunday that it had secured $3 billion in long-term financing for expansion of its airports. The deal, for which HSBC acted as financial adviser, included a $1.63 billion, seven-year conventional loan and a $1.48 billion …
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Gulf News readers’ generosity saves girl’s future
Abu Dhabi: Thanks to the generosity of Gulf News readers, more than Dh30,000 of unpaid school fees were settled for a struggling family in Abu Dhabi in just a week. The public support came after Gulf News reported the emotional pleas of a mother of four …
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Dubai expat who couldn’t speak English gets into Harvard
Alessandra Canta didn’t know a word of English four years ago when she first moved from Italy to Dubai. Today, she has been accepted into Harvard University and is planning on becoming a neurosurgeon. She was rejected by two different US ivy league schools …
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MoF holds the second meeting of the Government Financial Policy Coordination Council of 2017
The Ministry of Finance (MoF) recently held the second meeting of the Government Financial Policy Coordination Council for 2017 in its headquarter in the Dubai. The meeting was headed by HE Younis Haji Al Khoori, Undersecretary of MoF and Chairman of the …
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Dubai Silicon Oasis Authority, Rochester Institute of Technology – Dubai graduate first batch of Masters of City Science
Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, announced the graduation of the first batch of students from the Master of City Science program, a first-of-its-kind degree …
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Dubai FDI and Dubai Exports on mission to Canada to bring innovative technologies and industry expertise
A Dubai Government delegation led by Dubai Investment Development agency, an agency of Dubai Economy, will leave on a five-day mission to Canada, to present the strategic advantages of Dubai as an emerging knowledge economy and gateway to fast growing …
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Dubai FDI, Dubai Exports on mission to Canada
The City of Toronto Economic Development and the leading Canadian law firm Borden Ladner Gervais will host a networking breakfast for the delegation, which will be followed by the ‘Advantage Dubai’ seminar and business outreach meetings in Toronto.
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RSG signs with Rotana for new Dubai property ahead of Expo 2020
RSG International has signed a management agreement with Rotana, one of the leading hotel management companies in the region with the hotels across the Middle East, for a new four-star hotel in Dubai. The property will be located at a prime location on …
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