DUBAI, United Arab Emirates—Britain’s famed Queen Elizabeth 2 cruise ship will finally open as a floating luxury hotel moored off Dubai, nearly a decade after completing its last ocean voyage. It’s been another long trip for the ship known as the QE2 …
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CNBC goes live from Abu Dhabi
Click here to read his Op-Eds One of the least anti-Arab American cable TV networks opens offices in Arab World in Abu Dhabi broadcasting financial news and information to the region. CNBC offers more balanced coverage of Arab and Muslim issues than do CNN …
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Sharjah Children’s Reading Festival kicks off on Wednesday
Sharjah: The latest books, best — selling authors and a range of fun activities await visitors at the 11-day Sharjah Children’s Reading Festival (SCRF) which kicks off on Wednesday at Expo Centre Sharjah. Organised by the Sharjah Book Authority (SBA …
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UAE stops training Somalia’s military after cash seizure
The United Arab Emirates says it will end its military training mission to Somalia after an incident that saw its soldiers assaulted and $9.6 million seized at an airport in Mogadishu. The announcement by the UAE’s Foreign Ministry marks the latest …
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Dubai gov proposes fee waivers, mortgage law, SME incentives to boost economy
Dubai has called on government departments to put together a comprehensive reform package with the aim of boosting business confidence and economic growth, according to reports. The plans follow a decision last month to freeze government fees for the next …
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Dubai makes volunteering, fundraising illegal without authorisation
Dubai has issued a new law making it illegal to conduct volunteering and fundraising activities without authorisation. The legislation, issued by UAE Vice President and Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum, gives Dubai’s …
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Generation Start-up: A restaurant’s excess food is now a UAE resident’s bargain dinner with BonApp
The plan was solidified by Dubai Government’s campaign months later, Ms Delin, co-founder and managing director of BonApp, said. The founders, who quit their full-time jobs to focus on the start-up, have poured their savings into the business and …
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Dubai’s Abraaj hires Deloitte for business review
Abraaj has hired Deloitte to examine its business, including its troubled $1bn healthcare fund, after investors questioned an earlier review by KPMG of the embattled fund, people familiar with the matter said. Abraaj has been trying to stem the fallout …
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The Mint Corporation to Collaborate with Interac Corp. in UAE
Canada with its primary business in Dubai, United Arab Emirates (UAE). The Mint Group is approved by the UAE Central Bank, Mastercard and UnionPay as a third-party payment processor. Mint processes over US$1 billion in payroll annually for hundreds of …
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UAE Safe Haven for Investors
Investors’ trust in the UAE business environment reflects the country’s resilient and diversified economy, said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, affirming that the UAE boasts a …
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UAE a safe haven for investors
Investors’ trust in the UAE business environment reflects the country’s resilient and diversified economy, said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, affirming that the nation …
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Dubai aims to cash in on esports with X-Stadium project
Dubai Media Office and TECOM Group have jointly announced Dubai X-Stadium, the region’s first dedicated esports stadium which will establish Dubai as a regional and global hub for hosting video gaming events. The joint initiative was endorsed by Sheikh …
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Dubai proposes new economic plans as it aims to boost growth and lower costs
Dubai plans to implement new measures to help boost economic growth, attract new investments and cut the cost of doing business across sectors ranging from tourism to financial services. Sheikh Mohammed bin Rashid, UAE’s Vice President and Ruler of Dubai …
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Dubai’s Deyaar reports 25% jump in Q1 net profit
Currently near completion, The Atria is located in Business Bay and comprises a four-star hotel apartment tower and a residential tower. Deyaar, listed on the Dubai Financial Market, is majority-owned by Dubai Islamic Bank. Subscribe to Arabian Business …
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Dubai set to launch world’s first digital bank for art
The Dubai Culture and Arts Authority (Dubai Culture) has launched its blockchain-powered digital bank for art, which is the first platform of its kind in the world. ArtBank uses cryptocurrency to facilitate trading in artworks, and establishing Dubai as a …
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UAE banks could raise fees to offset VAT costs – report
Emilio Pera, partner and head of Financial Services, KPMG Lower Gulf, said: “Banks in the UAE are operating in very dynamic times. The introduction of new laws and tougher regulations is putting tremendous pressure on banks to re-think their business models.
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Money & Me: ‘The UAE offers many opportunities to make money, especially in real estate’
Safdar Badami had a very successful career in the United States when he “got the call” from his father in 2010 asking him to return to the UAE to join the family business. Mr Badami then joined Al Muqarram Industries – which manufactures construction …
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