Investors’ trust in the UAE business environment reflects the country’s resilient and diversified economy, said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, affirming that the nation …
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Dubai aims to cash in on esports with X-Stadium project
Dubai Media Office and TECOM Group have jointly announced Dubai X-Stadium, the region’s first dedicated esports stadium which will establish Dubai as a regional and global hub for hosting video gaming events. The joint initiative was endorsed by Sheikh …
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Dubai property data shows sharp decline in deals
Dubai real estate transactions appeared to drop sharply in the first quarter of the year according to data released Saturday. The Dubai Land Department (DLD) said that real estate transactions totalled 58 billion dirhams ($15.78 billion) for the three …
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Key contract signed to build phase 4 of giant Dubai solar park
A contract for the engineering, procurement, and construction of the 700MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park has been signed. Saeed Mohammed Al Tayer, managing director and CEO of Dubai Electricity and Water Authority (DEWA …
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Dubai proposes new economic plans as it aims to boost growth and lower costs
Dubai plans to implement new measures to help boost economic growth, attract new investments and cut the cost of doing business across sectors ranging from tourism to financial services. Sheikh Mohammed bin Rashid, UAE’s Vice President and Ruler of Dubai …
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Disconnecting power supply to rented property against law
I live in Dubai and own a property which has been rented out. The tenancy contract mentions that the landlord has the right to cut the electricity supply if the tenant’s rent cheque bounces. Does the landlord have the right to cut the electricity supply …
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New contract for Mohammad Bin Rashid Al Maktoum Solar Park
Dubai: A new contract has been signed for the fourth phase of the Mohammad Bin Rashid Al Maktoum Solar Park, the largest Concentrated Solar Power investment project in the world. The Engineering, Procurement, and Construction (EPC) contract for the 700 …
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Dubai’s Deyaar reports 25% jump in Q1 net profit
Currently near completion, The Atria is located in Business Bay and comprises a four-star hotel apartment tower and a residential tower. Deyaar, listed on the Dubai Financial Market, is majority-owned by Dubai Islamic Bank. Subscribe to Arabian Business …
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Sharjah-Khorfakan Road opens, to reduce travel time to 45min
His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah today inaugurated five tunnels along the Sharjah-Khor Fakkan road and Al Rafisah Dam rest stop or recreational centre. The road, which includes the 2.7km Al …
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Dubai developer unveils Handover Gallery to ease move-in process
Dubai Properties has announced the on-time completion of Mudon’s Arabella townhouses, located in Dubailand. The developer said it is welcoming new residents with a customer-centric initiative – the Handover Gallery that offers a comprehensive range of …
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Abu Dhabi sees world’s biggest property price decline in 2017
Abu Dhabi’s real estate market saw the largest annual price declines in the world during the fourth quarter of 2017, according to consultants Knight Frank. House prices in the UAE capital fell by 9.1 percent in the year, placing it at the bottom of the …
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Emirates sees over 1m inflight Wi-Fi connections during March
Customers in all cabin classes receive 20MB of free Wi-Fi data. The highest data usage from a single passenger was made by an Emirates Skywards member who stayed connected throughout their flight from Dubai to Johannesburg, consuming 4.9 GB of …
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Dubai set to launch world’s first digital bank for art
The Dubai Culture and Arts Authority (Dubai Culture) has launched its blockchain-powered digital bank for art, which is the first platform of its kind in the world. ArtBank uses cryptocurrency to facilitate trading in artworks, and establishing Dubai as a …
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High-end Abu Dhabi developers sense property market rebound – Cluttons
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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