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Category: BUSINESS

Posted on 23/06/2022

Arada awards $20m contract to build Sharjah’s largest fitness hub at Aljada

The UAE developer Arada has awarded a major contract to build Sharjah’s largest fitness centre at the company’s Dh24 billion ($6.53bn) Aljada master development. The contract, valued at Dh75 million …
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Posted on 23/06/2022

UAE’s MAF sells $500 mln in perpetual green bonds for refinancing

Dubai’s Majid Al Futtaim (MAF), which develops shopping malls across the Middle East, on Thursday sold $500 million in perpetual green hybrid bonds non-callable for 5-1/4 years at 7.95%, a bank …
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Posted on 23/06/2022

Russian commodities traders are scrambling to set up shop in Dubai after fleeing Switzerland

“Middle Eastern and Eastern jurisdictions will gain in importance relative to the rather euro-centric situation of the commodities business up to now.” …
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Posted on 23/06/2022

Dubai’s ‘next priorities’ include boosting the digital economy, access to new markets: Sheikh Hamdan

Dubai will promote and attractive and competitive environment for investment that improves the ease of doing business, contributes to increasing foreign trade volumes, and develops the digital economy …
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Posted on 23/06/2022

Indian business community positive on Modi’s UAE visit on June 28

Prime Minister Narendra Modi will visit the UAE on June 28, India’s Ministry of External Affairs announced on Wednesday. PM Modi will be visiting the UAE after attending the G7 Summit, and will be …
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Posted on 22/06/2022

Sharjah: New campaign to protect children from drowning, suffocation

The Child Safety Department (CSD), an affiliate of the Supreme Council for Family Affairs in Sharjah, is launching a comprehensive year-round campaign titled, ‘Their Safety First’. The campaign is …
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Posted on 22/06/2022

Sustainability at the Heart of Majid Al Futtaim

Ibrahim Al Zubi, Chief Sustainability Officer, Majid Al Futtaim Holdings speaks to Big Project ME about why incorporating sustainable practices is the only way to do business …
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Posted on 22/06/2022

Abu Dhabi to introduce measures to attract investors as part of new industrial strategy

Abu Dhabi’s new industrial strategy will focus on attracting more investors and supporting industry growth through new policies and measures to improve the ease of doing business and boost access to …
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Posted on 22/06/2022

Car dealers and traders fuelled for growth with expansion of Sharjah’s Souq Al Haraj

Car dealers and traders in Sharjah will be served better with quality additions, innovate services, and exhibition opportunities provided through the expansion of Souq Al Haraj. Sharjah Asset …
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Posted on 22/06/2022

Corporate tax consultancies in Ajman grow 33% as firms gear up to face UAE’s corporate tax in 2023

Businesses are expected to align their relevant processes in order to ensure full compliance with the new law, and will need the assistance of tax advisory firms specialising in this domain, the direc …
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Posted on 22/06/2022

UAE large firms commit to buy $30bln local products

and the sectors critical to ensuring business continuity and economic growth, is critical.” He noted that the Ministry was guided by the directives of His Highness Sheikh Mohammed bin Rashid Al …
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Posted on 22/06/2022

Srinagar-Sharjah flight to resume

Mumbai: Go First on Tuesday announced its plans to resume scheduled direct flights between Srinagar and Sharjah by the end of this month. — PTI Srinagar experiences coldest day in June after 47 years …
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Posted on 21/06/2022

Watch: Sheikh Nahyan joins over 5,000 participants at largest-ever yoga event in Abu Dhabi

Minister of Tolerance calls for championing human rights, human dignity and empathy Abu Dhabi: Over 5,000 excited people gathered at Abu Dhabi’s Zayed Cricket Stadium today for an invigorating two …
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Posted on 21/06/2022

Go First To Resume Srinagar To Sharjah Flight By June End

Low-cost carrier GO First, formerly known as GoAir, Monday announced the resumption of to & fro flights from Srinagar to Sharjah to strengthen international connectivity from Kashmir’s only civilian …
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Posted on 21/06/2022

UAE Social Commerce Market Report 2022: Social Commerce GMV Forecast to Increase from $801.9 Million in 2022 to Reach $2898.7 Million by 2028

The social commerce industry in United Arab Emirates is expected to grow by 26% on annual basis to reach US$801.9 million in 2022. The social commerce industry is expected to grow …
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Posted on 21/06/2022

Abu Dhabi’s Aldar invests in APAC proptech firm Taronga Ventures

UAE real estate developer Aldar Properties is investing in Taronga Ventures, which operates across the Asia-Pacific (APAC) region, to further diversify its business and tap into the global proptech …
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Posted on 21/06/2022

UAE: Adnoc identifies $5.44bln worth of products with local manufacturing potential

UAE – Abu Dhabi National Oil Company (Adnoc) announced on Tuesday that it has identified Dh70 billion ($19 billion) worth of products in its procurement pipeline that could be manufactured locally.
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