The United States and the United Arab Emirates have broken up a network funnelling illicit funds to Iran as Washington steps up a drive to restrict Iranian trade and access to hard currency in the reg…
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Dubai lenders Mashreq, CBD join FAB in declaring Abraaj exposure
Commercial Bank of Dubai and Mashreq Bank are the latest lenders to disclose their exposure to embattled private equity firm Abraaj Group that is reeling under allegations of misusing investors funds. …
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Average Dubai property prices said to be down 20% on 2014 peak
Average Dubai property prices are 20 percent below peak values recorded in mid-2014, according to real estate consultants ValuStrat. The ValuStrat Price Index (VPI) for residential properties in Q2 wa…
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GEMS’ planned London IPO said to be shelved
owns and operates 47 schools and nurseries in the United Arab Emirates, Qatar and Saudi Arabia, according to its website. Blackstone-backed GEMS Education has refused to comment on “rumours” that plan…
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Gems shelves London IPO
That would have made it the biggest IPO in London since July 2017 in terms of market capitalisation. Gems is majority-owned by Dubai-based Varkey Group, which has interests in education, healthcare, c…
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U.S. says disrupts Iran finance operation in UAE to squeeze Tehran
DUBAI (Reuters) – The United States and the United Arab Emirates have broken up a network funneling illicit funds to Iran as Washington steps up a drive to restrict Iranian trade and access to hard cu…
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DUBAI, United Arab Emirates | US official links economic protests in Iran to sanctions
DUBAI, United Arab Emirates — A top U.S. official focused on sanctions against Iran on Thursday linked American financial pressure on Tehran with ongoing economic protests roiling the country, saying …
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Ex-CEO of UAE’s Drake and Scull denies wrongdoing, warns of legal action
DSI also later issued a bourse statement confirming the “existence of material financial violations from the previous management”. It said the violations are currently under investigation by UAE autho…
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Abu Dhabi Airports Celebrates Success at CIPS Middle East Supply Management Awards
Abu Dhabi Airports’ Procurement and Logistics Department has won the “Best People Development Initiative” and “Most Innovative Use of Technology” at a ceremony held in Dubai by the Chartered Institute …
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Abu Dhabi sees largest rental declines for 12 months in some areas
Read: Revealed: Where Abu Dhabi property prices, rents rose and fell in Q1 The real estate consultancy said apartment rents were down 2 per cent and villa rents 4 per cent from the first to the second …
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DCT Abu Dhabi, Emaar Sign Agreement, Support Local Publishing Industry
DCT Abu Dhabi has signed an agreement with Dubai-based Emaar Properties to support the ‘Promoting Culture’ initiative. The initiative seeks to enrich the reading community in the UAE and the Arab regi…
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Expo 2020 Dubai first major 5G commercial customer in MEASA
The UAE has set another benchmark for the early adoption of advanced new technology, with Expo 2020 Dubai becoming the first major commercial customer in the Middle East, Africa and South Asia, MEASA, …
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Tech details of Dubai’s $353m Silicon Park revealed
Dubai Silicon Oasis | Ribbon of Light project at Dubai Silicon Oasis 50% complete | Dubai Silicon Oasis logs 27.7% growth in 2016 Details of the disruptive technology at Dubai’s high-tech Silicon Park …
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Dubai’s ArabianChain to create smart contracts for sukuk products.
Dubai-based blockchain startup ArabianChain Technology has signed a joint venture with Dubai-and-London-based innovation firm Curiositas to create Wethaq — the world’s first platform for Islamic capi…
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UAE’s economy is going to get a booster shot of $96 billion
The UAE is the most aggressive in the region when it comes to technology programs adoption. The UAE is steadfast in its efforts to take the region towards a technology-rich environment. In April this …
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GAC Dubai sets up specialist food storage facility
GAC Dubai Contract Logistics is using heating, ventilation and air conditioning (HVAC) technology to respond to its customers’ needs for specialist storage to prevent tainting between foodstuffs. GAC …
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Telecom Companies to Introduce 5G Technology in the UAE!
The world is going full speed towards 5G mobile phones. Theoretically, at the peak of its performance, it can get as much as 20 times the speed of 4th generation of phone technology. Dubai, of course, …
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