ADNOC, the Abu Dhabi National Oil Company, has awarded OMV a 5 percent stake in the development of its Ghasha concession, ADNOC’s offshore ultra-sour gas mega project. Abu Dhabi expects the project to …
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Dubai says 1,748 new business licences issued in November
Dubai’s Department of Economic Development said the emirate remained a destination of choice for investment in diverse business sectors in November. Dubai’s Department of Economic Development (DED) sa…
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UAE sets up new fund accelerator for start-ups
A new fund accelerator has been announced by the UAE finance ministry with the aim … innovators from around the globe to establish business in the UAE. Sheikh Hamdan bin Rashid stressed that …
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Dubai issues nearly 2,000 new business permits in one month
Dubai: The city of Dubai continues to attract new businesses, with the emirate’s licensing division recently approving close to 2,000 permits. The Business Registration and Licensing (BRL …
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Dubai’s Careem launches delivery service, expects to close funding round soon
It plans to spend over $150m developing the delivery business, starting with food delivery services in Dubai and Jeddah. “Once you see us prove the model in the UAE (United Arab Emirates …
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If you ever wondered what life will be like when climate change makes outside unlivable, Dubai can give you a good idea
As Business Insider’s Kevin Loria summed up … particularly in places already vulnerable to high temperatures. As I hung out in Dubai last month, it struck me that the city’s severe climate and its a…
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Hyatt Announces Plans for Andaz Dubai La Mer
CHICAGO–(BUSINESS WIRE)–Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a management agreement with wasl Asset Management Group, one of the largest real es…
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Abu Dhabi Airports Celebrates the Winter Season with Exclusive Offers
peak travel season during the winter holidays, Abu Dhabi Duty Free has introduced a wide range of enticing retail offers and tantalizing dining experiences that promise to put visitors throughout Abu …
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UAE Based SHUAA Capital’s Acquisition of Kuwait’s Amwal International Investment Co. To Drive MENAT Region Expansion Roadmap
DUBAI, United Arab Emirates–(BUSINESS WIRE)–SHUAA Capital, the UAE’s premier financial services Group, is pleased to announce the commencement of its post-acquisition integration and consolidation e…
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Let the UAE be the role model of business owners
On December 1, many in the UAE received a call from the number 1971, a number which coincides with the birth year of the country. When we answered the call, it was a pre-recorded message from Sheikh M…
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Dubai FDI showcases strategic advantages in Spain
Dubai, known as a gateway to regional markets and a global business hub, is bidding to become a leading smart and sustainable city in the world. Following Spanish investors’ strong interest in the tou…
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UAE president declares 2019 as ‘Year of Tolerance’
UAE President Sheikh Khalifa bin Zayed Al Nahyan has declared that the country will celebrate 2019 as the ‘Year of Tolerance’. The announcement continues a government drive in recent years to …
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Dubai’s Meydan One Takes Shape
DUBAI, United Arab Emirates–(BUSINESS WIRE)–Meydan One, a pioneering, next-generation lifestyle and retail destination, has announced that the project is on track for its launch in early 2020 with 6…
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UAE, Saudi Arabia using fintech, cryptocurrency for cross-border settlements
The United Arab Emirates and Saudi Arabia have started using fintech for cross-border settlements, including a digital currency which they jointly developed for that purpose, the UAE’s central …
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UAE ranks first in Arab world for AI adoption
The UAE has been ranked first in the Arab world … automation of robotic operations, reengineering of business processes, blockchain, big data analysis for marketing, customer care and data …
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Abu Dhabi Plans Welfare System Linked to Jobs
Abu Dhabi, the wealthiest of the United Arab Emirates, plans to offer its unemployed citizens a welfare program linked to job opportunities, the National newspaper reported. Jobless citizens, who can …
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Dubai’s Emaar begins operations in China
Dubai-listed property developer Emaar said on Tuesday it had begun business development operations in China. The launch follows the company’s announcement of its expansion to the country in July …
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