DUBAI Nov 14 Gulf General Investment Company (GGICO … It completed a 2.8 billion dirham restructuring in 2012. The news confirms a Sept. 29 Reuters story in which banking sources said that the Sharjah-based company was seeking to restructure part …
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UAE Tire Market Forecast & Opportunities to 2021 – Increasing Construction Activities & Per Capita GDP is Driving Growth – Research and Markets
Research and Markets has announced the addition of the “UAE Tire Market Forecast & Opportunities, 2021” report to their offering. The demand for tires in the UAE grew at a CAGR of over 5% through 2021. Increasing construction activities, growing …
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Dubai Hotels Report 12.0 Percent RevPAR Drop for October 2016
The absolute occupancy level would be the lowest for an October in Dubai since 2011. STR analysts note that demand from the annual Gulf Information Technology Exhibition (GITEX), held 16-20 October, was outweighed by continued supply growth in place for …
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Smart Move: Dubai to give free WiFi on buses
Dubai has launched a free WiFi service on board 106 Intercity Buses to Sharjah and Abu Dhabi. In a media statement, Dubai’s Roads and Transport Authority (RTA) said that the step is part of its endeavours to bring added happiness to customers by making …
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Now enjoy free WiFi on intercity buses
Dubai: Passengers can now use free WiFi access on intercity buses of the Roads and Transport Authority (RTA). The RTA’s Public Transport Agency has launched the service on 106 buses to Sharjah and Abu Dhabi. Abdullah Yousuf Al Ali, CEO of the agency …
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UAE c.bank chief: expects slightly higher growth next year, similar loan growth
ABU DHABI Nov 14 The United Arab Emirates’ central bank governor said on Monday that he expected economic growth to edge up to about 2.4 percent next year from an estimated 2.2 percent this year, helped by oil prices at higher levels than they were for …
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Apprentice Dylan Dunn wins international race in Abu Dhabi
PREMIER Victorian apprentice Dylan Dunn has won a prestigious international race for junior riders in Abu Dhabi. The 21-year-old was invited to compete in the Sheikha Fatima Bint Mubarak Apprentice World Championship final on Sunday after his standout …
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Dubai, Saudi to launch US$1 billion e-commerce site
DUBAI: Dubai business magnate Mohamed Alabbar announced on Sunday (Nov 13) the launch of a US$1-billion regional e-commerce site in a joint venture with the Saudi sovereign wealth fund and other Gulf investors. Noon.com is to go online in January with a 50 …
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Deep Ocean Technology Hotel Dubai
Affordable holiday seasons Deep ocean technology hotel dubai to Barbados are exciting and fun any time you arrange for some appealing things you can do aside from witnessing the historic sights and galleries and museums. After you’ve founded your capacity …
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Affordable housing under review in Dubai
Dubai: Last year, Gulf News reported that Dubai Municipality had said that a proposal to ensure enough affordable housing for ‘mixed income’ people (low to middle-income) that would fill the gap between the worker class and luxury market is under review.
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UAE equips district hospital in Yemen
according to UAE News Agency (WAM). The governor’s secretary for relief and reconstruction in Hadramaut Dr. Riad Al Jariri thanked the UAE for reviving the healthcare sector and restoring infrastructure in the governorate, WAM reported. I.Y BNA 0614 GMT …
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Dubai Customs carries out over 3,000 seizures in first nine months of 2016
Dubai Customs has made 3,094 seizures since the beginning of this year up to the end of September across all land, sea and air customs centers, that is at a rate of 11 seizures per day. The seized items included narcotics, non-incendiary weapons, firearms …
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Dubai Tram lifts 9m passengers as it celebrates second year of operation
Dubai Tram served about nine million commuters from the start of operations back in 2014, up to the end of October this year. The Dubai Tram will celebrate on Friday, 11th November, its second anniversary amid high performance indicators, compliance to …
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UAE exchange’s XPay wallet to help replace 500, 1000 currencies
Mangaluru, Nov 12: “UAE exchange’s XPay cash wallet is very helpful in replacing 500 and 1000 rupee notes,” informed Sharath Shetty, regional head of UAE exchange India, here at press club on Friday November 11. Addressing the media persons …
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Dubai property gets the Gen Y boost
Millennials in Dubai are increasingly getting onto the property bandwagon – and that’s good news for the emirate’s real estate sector in general and for certain up-and-coming suburbs in particular. Born between the early 1980s and 2000, millennials account …
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Dubai's new ultra-fast Hyperloop train will travel 150km in 12 minutes
The other, Hyperloop Transportation Technologies, has been working with French railway company SNCF to develop high-speed transport in the country. A completion date for the project in the UAE is yet to be set. However, if initial evaluations are …
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UAE among top producers of energy innovative technologies, says Energy Minister
The UAE realised the importance of diversifying the energy sector several years ago much before the oil prices began to drop, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, has said. That helped the country to stay in the forefront in the …
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