Rents in Sharjah fell four per cent in third quarter 2020 and there was a marginal or no change for units in the lower range of the rental bracket. Property consultancy firm Asteco said an increase in …
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COVID-19 sparks e-commerce boom in UAE
The UAE e-commerce sector is expected to capture a bigger share of the card payment transaction values in 2020 than was predicted before the pandemic — up from 19.7 per cent to 21.9 per cent. Going …
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Most Gulf markets rise; Abu Dhabi eases
Most share markets in the Gulf ended higher on Sunday but stocks did not react significantly to Joe Biden’s victory in the U.S. presidential election.
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UPDATE 1-Abu Dhabi’s Etihad announces departure of several senior execs
Abu Dhabi’s Etihad Airways said on Sunday its chief commercial officer was leaving the state carrier as part of a broad management restructuring as it struggles through the pandemic.
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Dubai primed to be global business hub
Global bank HSBC said in a city report that Dubai’s major economic and business reforms have led to significant improvements in its economic competitiveness and status as a global hub. “Business …
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This Diwali 2020, win Dh100k worth of gold prizes at Dubai shopping malls
Participating malls include Al Khail Gate Community Centre, Arabian Centre, Burjuman, Bay Avenue, Dubai Outlet Mall, Reef Mall, Oasis Mall, Times Square Center and The Mall. Dubai Shopping Malls Group …
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Abu Dhabi Wealth Fund Culls Japan Team, Seeking New Growth Areas
The Abu Dhabi Investment Authority has reconfigured the way it invests in Japanese stocks, part of a wider shift by the world’s third-largest sovereign wealth fund to focus on areas with more growth …
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Rain in UAE: Kalba road closed, announce Sharjah Police
The Kalba road has been closed in both directions from Al Hafiya Square in the city of Kalba to Wadi Al Helo because of heavy rainfall, the Sharjah Police announced on Sunday afternoon. The police …
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Dubai Startup Hub defies pandemic concerns, reports 236% surge in membership
Dubai: Dubai Startup Hub recorded a 236 percent year-over-year surge in membership during the first half of 2020. Membership in the Dubai Chamber of Commerce and Industry initiative reached 1,568 in …
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UAE businesses, analysts welcome US election results
Reacting to the outcome of the US election results, UAE business leaders and analysts expressed optimism on a new era of strong business relations between the US and UAE. “That business ties between …
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UAE- E-commerce boom drives courier business
Courier companies operating in the UAE see a promising outlook despite the challenging environment and said the industry will continue to flourish in the wake of the e-commerce boom in the region. …
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Dubai’s DEWA inaugurates 20 new substations in 2020
Dubai Electricity and Water Authority, DEWA, has announced the inauguration of 20 new electricity substations in 2020, as part of its efforts to provide electricity and water services according to the …
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Sharjah Ruler orders purchase of Dh10 million worth of books at SIBF
To support the global publishing industry, the Ruler of Sharjah has ordered the allocation of Dh10 million for the purchase of books exhibited at the 39th Sharjah International Book Fair (SIBF), it …
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Shaikh Sultan earmarks Dh10m for Arabic and foreign books at Sharjah book fair
Sharjah: His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, has ordered the allocation of Dh10 million for the purchase of titles in Arabic …
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Sharjah’s package will open more investment avenues
The generous second package of incentives which comes under the directives of His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and Sheikh Sultan Bin …
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Dubai records Dhs2.9b realty deals
Dubai recorded a total of Dhs2.9 billion real estate and properties transactions during the week ending 5th November 2020 with transactions reaching 1,241, according to figures of the Department of …
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Deal for Derby sale to Abu Dhabi royal Sheikh Khaled agreed ‘in principle’
Derby have confirmed a deal has been agreed “in principle” for the sale of the club to Derventio Holdings, which is owned by Sheikh Khaled Zayed Bin Saquer Zayed Al Nayhan, a member of the Abu Dhabi …
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