and global asset freezes are expected to continue in the UAE, India, Australia, Canada, British Virgin Islands and the US, while about 25 bank accounts have been emptied and frozen. “It sends a very strong message. Financial crime not only destroys the …
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Abu Dhabi Plans First Competitive Tender for Oil, Gas Blocks
Bidding for four onshore and two offshore blocks will probably be completed by October, and Adnoc should select the winners by the end of the year, Chief Executive Officer Sultan Ahmed Al Jaber said Tuesday at a news conference in Abu Dhabi. The partners …
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Abu Dhabi Launches Six Historic Oil and Gas Licensing Opportunities
The Abu Dhabi National Oil Company (ADNOC) announced, today, as part of Abu Dhabi’s first ever block licensing strategy and on behalf of the Supreme Petroleum Council (SPC), the details of the initial round of six geographical oil and gas blocks open for …
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Dubai to launch digital vehicle number plates
Drivers in Dubai may soon be using digital number plates under new plans. In a trial starting next month, vehicles will be fitted with smart plates with digital screens, GPS and transmitters. The new plates will be able to inform emergency services if a …
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Abu Dhabi’s real estate market seen nearing bottom
said Cluttons in its ‘Abu Dhabi Property Market Outlook’ report for Spring 2018. Sea facing villas on Saadiyat Island for instance, which remain the most expensive residential property type in the capital at Dh1,700 per sq ft, have seen no movement in …
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Cityscape Abu Dhabi: Talking trends
Appropriately named the city’s ‘brightest star’ by Cluttons in their 2017 Property Report, the sector has proven to be healthy, holding stable rents over much of 2017. With an estimated total value of Dhs6.4bn ($1.74bn) being pumped into Abu Dhabi …
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Dubai Property Show and International Property Show Kicks Off
The highly-anticipated 14th edition of the International Property Show (IPS), the Middle East’s biggest property sales platform for local, regional and international real estate markets, kicked off and will run until 11th April at the Dubai International …
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Dubai Chamber to Open Argentina Office in 2018
During the visits, UAE delegates met with public and private sector stakeholders and explored business potential that exists within the markets. “Dubai Chamber is pushing ahead with an ambitious strategy to expand its presence in Latin America and …
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Nordic know-how from Reaktor takes root in UAE
We’re also seeing leadership that’s willing to cannibalise their existing business to create new services that might overcome hurdles faced by the old ones. Is there enough digital talent to go round in the UAE? Finding good digital talent is hard …
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Dubai’s private sector economy eases in March but remains in growth
A key gauge of Dubai’s non-oil private sector economy eased slightly in March to the lowest increase in four months, but it remained in growth territory as business conditions improved. But employment slipped into contraction for the first time since …
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Team Abu Dhabi look to start season on a high
Abu Dhabi: The 2018 UIM XCAT World Championship gets under way … Competition is likely to be intense this season, even after the recent news that Dubai’s Victory Team has withdrawn from the series to pursue an American racing programme.
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Dubai-based Abraaj hires Houlihan Lokey for health fund advice after dispute
DUBAI (Reuters) – Dubai-based private equity firm Abraaj has hired U.S. investment bank Houlihan Lokey (HLI.N) to help it try to stem the fallout from a dispute with investors over its healthcare fund. Disagreements came to light earlier this year over how …
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Dubai Smart Coast system to issue maritime forecast, alerts
Dubai: Dubai Municipality has launched Dubai Smart Coast System for the presentation of the Dubai Maritime Database and Maritime Forecasting System. The system, a revamp of the Dubai Coast website which has been operating since 2003, was launched during …
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Dubai SME expands Beehive finance deal
Dubai: The Mohammad Bin Rashid Fund for SME (MBRF), the financial arm of government agency Dubai SME, has expanded its partnership agreement with peer-to-peer lending platform Beehive. Under a Memorandum of Understanding (MoU) signed last year, MBRF will …
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Dubai’s Abraaj said to seek help over $1bn health fund concerns
The Dubai-based firm held talks last week with some of the investors … The Bill & Melinda Gates Foundation, the World Bank’s International Finance Corp. unit, CDC Group and Proparco Group had hired a forensic accountant to examine what happened to …
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Raytheon’s Mathalive! Exhibition Officially Inaugurated at Higher Colleges of Technology in Ras Al Khaimah
MathAlive! was developed and created by Raytheon to educate and inspire students to pursue careers in science, technology, engineering and math (STEM) – essential fields for future generations of UAE youth to contribute to the nation’s economy.
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No passport required under Dubai’s ‘smart bail’ system
He told Gulf News that the ‘smart bail’ initiative will be put into practice across all the police stations in Dubai ‘very soon’. “This initiative will make the lives of suspects involved in such misdemeanour cases easier. It falls within the …
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