The order on the penultimate day of the Dubai Airshow comes after what could have been a difficult week for Airbus. On Sunday, Emirates appeared to snub Airbus over an A380 superjumbo deal. Indigo’s managing partner, Bill Franke, 80, flew to Dubai for the …
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UAE’s Strata inks JV to supply Boeing with high-tech materials
Strata, the UAE-based composite aerostructures manufacturing facility, and Solvay have formalised their joint venture to supply Boeing with advanced composite materials from a high-tech facility to be built in Al Ain. Following the signature of the JV …
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Dubai’s DIFC launches $100m Fintech fund
Dubai International Financial Centre (DIFC) on Tuesday announced the launch of a $100 million FinTech-focused fund to accelerate the development of financial technology. The fund was announced during the inaugural Global Financial Forum, GFF, organised by …
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Dubai Airshow: Why the UAE plans to grow lettuce on Mars
One thing you can’t accuse the United Arab Emirates of lacking is vision. First they unveiled plans to launch a Mars probe. Then it was an ambition to colonise the Red Planet. Now the UAE has a new aim – to grow palm trees and lettuce there. The space …
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Work on Sharjah-Dubai bridge ‘to complete by Q3 2018’
Work on a major Sharjah-Dubai bridge that will increase road capacity to 17,700 cars per hour from the current 9,900, is on schedule, with the project on track to be completed by the third quarter of 2018. According to a Gulf News report, the UAE’s …
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Why the UAE plans to grow lettuce on Mars
One thing you can’t accuse the United Arab Emirates of lacking is vision. First they unveiled plans to launch a Mars probe. Then it was an ambition to colonise the Red Planet. Now the UAE has a new aim – to grow palm trees and lettuce there. The space …
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Dubai property market in perspective
Values across Dubai’s residential investment areas continued to moderate during Q2 2017, dipping by an average of 1.5%. This leaves the annual rate of change at -5.8% and marks the 12th consecutive quarter of price declines, during which time prices have …
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McLaren unveils unique version of famous supercar at Dubai auto show
To mark the opening of the 2017 Dubai International Motor Show, British supercar company, McLaren has unveiled a unique version of its 720S coupé that takes its design inspiration from the words of Bruce McLaren, the late New Zealand-born racing driver …
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Saudi Arabian Airlines rolls out Wi-Fi across network
Saudi Arabian Airlines now offers guests flying to 47 international destinations the option to connect onto its Wi-Fi service. On six of these routes, to Los Angeles, Washington, New York, London Heathrow, Manchester and Dubai, passengers in Guest Class …
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Arabian Business Achievement Award winners pay tribute to UAE’s leaders
Munib al-Masri, PADICO and Edgo Group chairman, in his acceptance speech at the Arabian Business Achievement Awards 2017, paid tribute to Sheikh Zayed bin Sultan Al Nahyan, and other UAE leaders, for their forward-thinking visions, and the legacy of …
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Dubai Airshow: India marketing supersonic cruise missile BrahMos
DUBAI: India seems to be aggressively marketing its supersonic cruise missile BrahMos at the Dubai Airshow and is in talks with countries in the Middle East region. In the sprawl of pavilions boasting of cutting edge aviation and defence technology at the …
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FundCount Wins Best Client Reporting at the WealthBriefing GCC Region Awards 2017
hedge funds and private equity firms, was awarded Best Client Reporting solution at the WealthBriefing GCC Region Awards ceremony held in Dubai. These prestigious annual awards recognize ‘best of breed’ providers in the global private banking, wealth …
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UAE announces $684 million Raytheon laser guided bomb deal
DUBAI (Reuters) – The United Arab Emirates’ military said on Tuesday it was buying laser guided bombs from U.S. missile maker Raytheon Co. (RTN.N) in a deal worth 2.5 billion dirhams ($684.4 million). The GBU-10 and GBU-12 Paveway laser guided bomb kits …
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Inside the Louvre Abu Dhabi with architect Jean Nouvel
It cost millions, glitters in the sunlight and has its own island. Caroline Roux visits the new Louvre Abu Dhabi and sees the world in a new light. Last Tuesday, on a newly constructed island in Abu Dhabi, the French architect Jean Nouvel was not an …
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Dubai’s DEWA to cooperate with Masdar and EDF on renewable energy projects
The solar park contributes to achieving the objectives of the Dubai Clean Energy Strategy 2050, launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to provide 75 per cent of Dubai’s total …
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UAE announces $684m Raytheon bomb deal
The United Arab Emirates’ military said on Tuesday it was buying laser guided bombs from US missile maker Raytheon Co. in a deal worth Dhs2.5bn ($684.4m). The GBU-10 and GBU-12 Paveway laser guided bomb kits were the largest part of Dhs3.34bn in deals …
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Abu Dhabi’s Aldar Properties appoints new chairman, CEO
RELATED ARTICLES: UAE’s Aldar awards $203m contract for The Bridges on Reem Island | UAE’s Aldar to showcase projects at property event in Riyadh | Phase 1 of Aldar’s $653m Abu Dhabi project sells out in three days Aldar Properties has announced …
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