Dubai: Over 100 Indian nationals, mainly businessmen and executives that are based in the UAE, have just been recognised for their “phenomenal success” in the Arab world. These expatriates are among the top 100 business owners and 50 Indian executives …
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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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UAE private sector business sees slowest improvement since 2016
Business conditions in the UAE’s non-oil private sector witnessed their slowest growth since October 2016 due to weaker momentum in wholesale, retail, travel and tourism industries, according to figures by Emirates NBD’s Dubai Economy Tracker Index.
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Are UAE private workers getting a bonus, too?
Dubai: Employees in the UAE’s private sector who are expecting a bonus anytime soon shouldn’t get their hopes up. According to human resources and compensation specialists, companies that are privately run are getting more cautious with financial …
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Iftars in Downtown, Business Bay and Al Habtoor City for Ramadan 2018
Dhs215 per person. Daily from sunset-8.30pm. JW Marriott Marquis Dubai, Business Bay (04 414 3000). There’s both a set menu and à la carte offering at Almayass. Includes Levantine favourites such as fattoush, tabbouleh and hummus. Dhs185 (set menu …
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Dubai allows transit passengers to leave airport for tours
Dubai Airports has announced an initiative allowing hundreds of thousands of daily transit passengers to leave the city’s main airport if their connection time exceeds a minimum number of hours. The ‘Microcosm of Dubai’ project, in partnership with …
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The Dubai-based Indian retailer that’s now bigger than Tiffany’s
But we will look to dual list and are considering doing that in either Dubai or London,” he says … “We have a different business model. The family owns 40 percent of the company while most of our employees have share options. We partner locally …
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UAE- How do you trade assets worth a trillion?
Even the ubiquitous credit card is one such form. So if you truly look at it, the business of short-term credit to manage payments is much bigger than its origins in trade finance. The UAE is strategically located to facilitate asset trading across a …
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Here’s how many millionaires live in UAE right now
And that is why it may be safe to assume that, as the country’s well-heeled population constantly grows, chances are that you could bump into a millionaire as you go about your daily business. People go on evening walks around Dubai’s Jumeirah Beach …
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Dubai’s Emirates launches Edinburgh service following Etihad suspension
Emirates said it will start flights between Dubai International Airport and the city on October 1 with a three-class Boeing 777-300ER. The plane will have eight first class seats, 42 business class seats and 304 economy class seats. The Dubai carrier …
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Dubai Holding to launch digital bank, investing Dh1 billion
“Through our investment in Dubai Holding Digital Bank, we are enabling digital opportunities with the potential to empower individuals and businesses to leverage new financial technologies for additional convenience and to unlock new business …
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Windfall for Indian expats in UAE as rupee plummets to one-year low
Dubai: Indian expatriates who are just about to send money home are in for a good windfall, with the Asian currency now at a one-year low against the US dollar. The rupee fell to its lowest level since February 2017 against the greenback on Monday, owing …
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Dubai SME and RAKBank to offer banking solutions to SMEs
The agreement will allow Dubai SME’s members to open a Business Current Account with RAKbank with no minimal balance requirement and no maintenance fee. “Small and medium enterprises are the lifeblood of the UAE economy, comprising some 85 per cent of …
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Revealed: 6 self-made billionaires in UAE who are from India
The fourth-richest billionaire expat in the UAE is Ravi Pillai, with a net worth of $3.5 billion. This Indian national was born into a household of farmers. He had earlier set up a sub-contracting business in Kerala that went bust before he moved to the Gulf.
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Abu Dhabi International Airport takes a step further towards its digital transformation
Abdul Majeed Al Khoori, Acting CEO of Abu Dhabi Airports commented: “This project has been key in meeting the growing challenge of balancing the increased volume of passengers and operational efficiency. With the implementation of this smart technology …
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Dubai Adds 200MW Solar Energy, Increasing Clean Energy Share To 4% of Installed Capacity
DUBAI, United Arab Emirates–(BUSINESS WIRE)–HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has inaugurated the 200 megawatt (MW) first stage of the 800MW third phase of the Mohammed bin Rashid …
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Dubai FDI Builds on Growing Ties to Woo Investors From India
Ibrahim Ahli, Director of Investment Promotion in Dubai FDI, presented the advantages of Dubai in enabling successful business startup and sustainable growth across a series of seminars and B2B meetings. “There hasn’t been a better time for bilateral …
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