While 641 new restaurants were opened last year, Dubai saw 468 new cafes, according to a report issued by the Business Registration and Licensing (BRL) sector in Dubai’s Department of Economic …
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Why nearly 100 new restaurants, cafes open in Dubai every month
Dubai: Some companies may not be making as much brisk business as they used to, but you’d probably won’t see it in the local food and beverage industry. Every month, approximately close to 100 …
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Homefront: ‘What deposit do I need to secure a mortgage in the UAE?’
SM, Dubai At the end of 2013, the UAE Central bank changed its lending criteria which meant an expatriate could secure 75 per cent of a home’s value in mortgage finance for a ready property up to the …
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Emirates Islamic wins Human Resources Development award from Emirates Institute for Banking and Financial Studies
Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, and the preferred bank for UAE nationals, has been named the recipient of the ‘Human Resources Development’ award …
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Cost of living to decline in UAE on falling rents, lower oil
The significant decline in inflation in 2019 is also due to base affect,” said Garbis Iradian, chief economist, Mena, International Institute of Finance. The Central Bank of the UAE had projected year …
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Cost of living to fall in UAE this year
The significant decline in inflation in 2019 is also due to base affect,” said Garbis Iradian, chief economist, Mena, International Institute of Finance. The Central Bank of the UAE had projected year …
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Six Flags Dubai put on hold over finance
LONDON: A Six Flags theme park project set to be built in Dubai has been put on hold, according to the proposed developer. DXB Entertainments, which is listed on the Dubai Financial Market, said on We…
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How the Fed’s dovish interest rate stance affects UAE savers, borrowers and investors
“This may serve to restrain borrowing in the UAE, which would also be a further headwind to discretionary consumption and to overall growth,” he adds. Mr Instone advises residents to exercise better f…
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Kuwait Finance House boosts fourth quarter profit 26%
DUBAI- Kuwait Finance House (KFH), the country’s biggest Islamic lender, posted a 26 percent rise in fourth-quarter net profit, despite a fall in operating revenue and net operating profit, according …
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UAE jobseekers demand higher pay to offset VAT: survey
Dubai: Jobseekers in the UAE are demanding higher … most in-demand roles since the implementation of VAT were tax and finance executives and IT specialists, as companies geared up for VAT …
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Cost of living to fall in UAE on falling rents, lower oil
The significant decline in inflation in 2019 is also due to base affect,” said Garbis Iradian, chief economist, Mena, International Institute of Finance. The Central Bank of the UAE had projected …
( read original story …)
Dubai Tourism elevates customer service training
Dubai Expert features an interactive interface that allows international travel agents to keep up-to-date with the latest news, information, and tourism developments across the city, as a well a remot…
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Dubai ruler’s expansion plan for luxury Highlands estate approved
The billionaire ruler of Dubai has been given permission to expand his 63,000 acre luxury estate in the Scottish Highlands, adding a nine-bed house and a lodge for his staff. Sheikh Mohammed bin Rashi…
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UAE denies Brit was ‘arrested for wearing Qatar football shirt’ in Dubai
The United Arab Emirates’ UK embassy has denied reports that a British man was arrested because he was wearing a Qatar football shirt. Ali Issa Ahmad,26, was held in Sharjah in January. Earlier report…
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Dubai sees near-10% growth in restaurants, cafes in 2018
The total number of restaurants and cafes in Dubai reached 11,813 at the end of 2018, according to the Department of Economic Development (DED). The report by the DED’s Business Registration & Licensi…
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Digital vision: Dubai gov’t reveals first ‘paperless’ journeys
He also announced the first two fully digital and paperless customer journeys during a visit to the Smart Dubai headquarters, state news agency WAM reported. The Dubai Paperless Strategy seeks to tran…
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Affordability key to UAE’s residential property market
Affordable housing is set to gain traction in the UAE as property developers shift their focus to this segment by targeting the middle-income population in a bid to double their share in total real es…
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