Dubai billionaire Khalaf Ahmad Al Habtoor believes 2018 will be a much better year for businesses in the UAE after a tough year in the previous 12 months. The founding chairman of the Al Habtoor Group acknowledged a challenging 2017 when the business …
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Top UAE Companies Share Best Practices in Workplace, Environment and Community
Dr. Belaid Rettab, Senior Director, Economic Research & Sustainable Business Development Sector, Dubai Chamber, noted that the strong participation in the sessions reflected a growing awareness about important sustainability and CSR matters impacting …
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Dubai develops renewable-powered digital utility
The Dubai Electricity and Water Authority (DEWA) has put forward a project to create a digital, artificial intelligence-powered utility. The ‘Digital DEWA’ project is set to transform the traditional business model of a public utility, according to the …
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UAE strategy to cash in on blockchain
Over 50 per cent of the UAE’s federal transactions would be powered by blockchain technology by 2021, it was announced on Wednesday. The Emirates Blockchain Strategy would help the country save Dh11 billion spent annually on document transactions and …
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Dubai in private sector talks to launch healthcare innovation hub
Dubai Health Authority (DHA) will soon establish an innovation centre in a public-private collaboration aiming to develop healthcare technology. The centre will be in located behind Rashid Hospital and DHA said it is working with the private sector to …
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UAE bank guarantees reach $106bn in February
Guarantees provided by the UAE-based banks in February increased to Dh389.4 billion ($106 billion) from Dh388.98 billion in January, with industry reports expecting a further increase in the value of this facility in line with the current mobility recorded …
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Sharjah Islamic Bank launches $500m sukuk
Dubai: United Arab Emirates’ Sharjah Islamic Bank has launched $500 million (Dh1.8 billion) sukuk with a spread set at 150 basis points over mid-swaps, a document from one of the banks leading the deal showed. Initial price guidance for the deal was in …
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Somalia disbands UAE program to pay and train hundreds of soldiers
The government will take over paying and training the soldiers in the program, Defence Minister Mohamed Mursal Abdirahman told Somalia’s state news agency SONNA on Wednesday. The UAE has trained hundreds of troops since 2014 as part of an effort boosted by …
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Somalia disbands UAE programme to pay and train soldiers
Defence Minister Mohamed Mursal Abdirahman told Somalia’s state news agency Sonna. “Somalia will fully take over [its troops] trained by the UAE… Those forces will be added to the various battalions of the Somalia National Army,” Abdirahman said …
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Dubai ruler Mohammed bin Rashid calls for intellectual efforts to improve society
Dubai: The 16th annual FIKR conference was launched in Dubai … “We are getting closer to a situation where old runes are diminishing, and no news ones are put in their place,” he added. “The preparation of Arab youth so they can deal with the …
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Inaugural Dubai Property Festival ‘a major success’
The International Property Show (IPS) and the inaugural Dubai Property Festival (DPF) 2018 ended on a successful note with a huge turnout from 16,000 visitors and major real estate deals signed during the three-day event. The ‘Mega Property Sale’ also …
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Dubai Real Estate Market to Decline Further, Say Industry Professionals
Residential property prices registered 12 month decline of 2% on average while rents declined by up to 5% in some key areas Off-plan residential properties accounted for 61% of the total transfers during the quarter Approximately 3,800 units were handed …
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MAG, Wasl and Dubai Properties take top honours at Arabian Business Real Estate Awards
The UAE’s biggest real estate players walked away with the biggest prizes at the first ever Arabian Business Real Estate Awards held on Monday night, at the Ritz Carlton, DIFC. Wasl Properties received the “Pioneers of Real Estate Award”, for its …
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Map shows average rental price at every stop on the Dubai Metro
But Property Finder’s map of the average yearly cost of renting a one-bedroom a few metres from each Dubai Metro station is pretty interesting… especially if you’re a daily commuter. It seems that, in some cases, you can get a much better deal on …
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How Dubai is emerging as the hub of the future
Dubai Chamber of Commerce and Industry (DCCI) has broadcast a sponsored programme on Discovery ME detailing the city’s efforts to become a Hub of The Future. The programme details Dubai’s journey from a trading port to a global hub for commerce, trade …
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Sheikh Ahmed Bin Saeed Al Maktoum Inaugurates Orange Business Services Regional HQ in Dubai Silicon Oasis
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority (DSOA), today officially inaugurated Orange Business Services’ new Middle East innovation hub and regional business headquarters at Dubai Silicon Oasis (DSO).
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Kiwi to head digital strategy at Emirates Bank in Dubai
Leigh Flounders, NZTech board member is appointed head of digital strategy of Dubai bank Emirates NBD. “My move to Dubai, leading digital strategy within the financial services industry provides opportunities for New Zealand technology businesses to …
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