Sources had previously said that Bank of America Merrill Lynch, Goldman Sachs and JP Morgan had been hired to run the IPO. EGA, owned by Mubadala and Investment Corp of Dubai, was created in 2013 when state-owned companies Dubai Aluminium and Abu Dhabi’s …
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Dubai’s new development game is attention to detail and sustainability
RELATED ARTICLES: Is downsizing the answer to Dubai’s affordable housing needs? | Has Dubai’s property market finally stabilised? | KSA-UAE agreement to develop Saudi real estate ‘hotspots’ In 2018, we have so far witnessed ready transactions rising by …
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Women comprised 30% of Dubai realty transactions in Q1
Approximately 2,431 female investors participated in 2,780 transactions and invested AED4.4 billion in the Dubai property market in the first three months of 2018, the Khaleej Times reported. It suggests that real estate investment in the United Arab …
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JSS school wins Dubai Customs award
Dubai: JSS Private School in Dubai recently won first prize … Change reinvented’, was a campaign aimed at measuring the coming generation’s awareness of Intellectual Property Rights and educating the public about the risks of counterfeiting on …
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Is the Middle East building the infrastructure needed to go solar?
RELATED ARTICLES: ABB wins $90m order to build substation at Dubai solar park | Swiss firm ABB bidding for UAE projects worth almost $700m | DEWA and ABB strengthen partnership The Middle East has been steadily shifting its reliance away from oil and …
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Dubai’s Emirates looks at closer Etihad ties
Sheikh Ahmed said though business conditions improved they had remained tough … Parent Emirates Group will pay a Dhs2bn dividend to Investment Corporation of Dubai (ICD), the state investment vehicle which owns the airline, after profit rose 67 per …
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Abu Dhabi Taqa Shifts to Growth Mode After Years of Cutbacks
Abu Dhabi National Energy Co., the state-controlled oil and gas producer, is looking again at boosting spending after three years of cutting back, according to Chairman Saeed Mubarak Al-Hajeri. The company, known as Taqa, had first-quarter net income of …
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Divorce battle: Superyacht’s fate in hands of Dubai courts
Dubai: A mega luxury yacht mired in a bitter divorce battle between a Russian billionaire and his ex-wife will remain locked down in Dubai port for the time being despite arguments by a team of lawyers at an appeal hearing on Wednesday at Dubai …
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Abu Dhabi’s Taqa Shifts to Growth Mode After Years of Cutbacks
Abu Dhabi National Energy Co., the state-controlled oil and gas producer, is again looking at boosting spending after three years of cutting back, according to Chairman Saeed Mubarak Al-Hajeri. The company, known as Taqa, had first-quarter net income of …
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Abu Dhabi’s Mubadala Looking to Expand Its Presence Over More Industries
Abu Dhabi’s Mubadala Investment Co. is set to do bigger deals, scout for investments more widely and spread its presence over more industries after a recent tie-up with another local fund doubled its size. The combination of Mubadala and the Abu Dhabi …
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Abu Dhabi forum urges UN to help protect minorities
Abu Dhabi: A global conference on Muslim minorities on Wednesday adopted a ‘Global Charter for Muslim Communities’ urging the United Nations to make a binding agreement for protecting rights and freedom of minorities as religious, ethnic and linguistic …
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New rate for Dubai school fee hikes soon
Gulf News had reported earlier. For the coming school year, which starts in September, some schools have already announced fee reductions. David Cook, headmaster of Repton School Dubai (rated outstanding), said: “As a provider of quality education …
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Abu Dhabi property market to continue decline through 2018
RELATED ARTICLES: Abu Dhabi Ports strikes $1bn deal to develop Khalifa Port terminal | In Pictures: Yas Arena, Abu Dhabi | Aldar acquires $1bn worth of Abu Dhabi real estate assets from TDIC Sales prices and rents for both apartments and villas are still …
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Dubai Properties Says ‘1/JBR’ on Track for Completion in 2019
Dubai Properties’ flagship project 1/JBR, taking shape on one of the final plots of land in the sought-after Jumeirah Beach Residence (JBR) district, is on track for a timely handover in Q4 2019. Bearing the distinction of being the only residential …
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Dubai’s Museum of the Future looks to AI guides and wearable tech
The brains behind of the world’s most exciting new technologies are coming to Dubai. An invitation has been sent out by the Museum of the Future, whose curators want to determine way to showcase its futuristic installations to visitors. These include …
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Sharjah Islamic Bank celebrates listing of $500m sukuk
Mohammed Abdulla, CEO of Sharjah Islamic Bank, on Wednesday rang the market opening bell to celebrate the listing of a $500 million sukuk on Nasdaq Dubai. The sukuk is the bank’s third that is listed on Nasdaq Dubai, the region’s international exchange …
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Beggar caught with Dh300,000 in Dubai
Dubai: Dubai Police recently arrested a beggar with Dh300,000 after he conned people by asking money to build a mosque outside the UAE, officials said on Wednesday. The Arab beggar, a resident of a Gulf Country, was caught after many people paid him money …
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