The high-speed system, dubbed the Hyperloop One, will link the UAE capital with Dubai and drastically shorten the travel time between two cities. “We are in a new time now where you can develop a new transportation system in very few years and change the …
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‘UAE can make waves at wakesurfing’
told Gulf News. “It’s low impact and a low-injury sport, too.” Lagace added that the UAE’s weather and natural environment mean the sport should prosper here — if participants can display passion and commitment. “I am sure I can make rivals out …
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UAE receives 14 bids for Umm Al Quwain desal plant: reports
The UAE’s Federal Electricity and Water Authority has received 14 bids for a desalination project in Umm Al Quwain, reports The National. The project to design, build, finance, and operate a 45 million imperial gallons a day (205,000 m3/d) plant …
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Caulfield Cup runner-up Scottish to sidestep Melbourne Cup in favour of Emirates
Trainer Charlie Appleby has decided to bypass Australia’s richest race to instead tackle the Group 1 Emirates Stakes (2000m) four days later after Winx’s connections opted out of the Emirates. The decision assures Matt Cumani’s Grey Lion a start …
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UAE Smart Homes Market 2016-2022: Abu Dhabi, Al-Ain Emirate and Dubai Emirate Have Accounted for the Largest Revenue Share – Research and Markets
The UAE smart homes market is expected to grow at a CAGR of 14.8% during 2016-22. Growing construction of villas in UAE has fuelled the growth of smart homes market in the country. Abu Dhabi, Al-Ain Emirate and Dubai Emirate have accounted for the largest …
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UAE, UK ink MoU on work of members of diplomatic staff
The MoU will regulate the work of these categories in the state, particularly when they enjoy diplomatic immunity. – Emirates News Agency, WAM – http://www.wam.ae/en/news/emirates/1395301798274.html
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UAE Deputy Premier on visit to Oman
Muscat, Oct. 26 (BNA): UAE Deputy Premier and Presidency Affairs Minister Shaikh Mansour bin Zayed Al-Nahyan today arrived in Muscat on a two-day official visit to the Sultanate of Oman. The two sides will discuss ways of strengthening aspects of …
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Emirati, Saudi youth hail role of social networking media
exchange experiences and making use of this interactive communicative forum for launching youth projects. – Emirates News Agency, WAM – http://www.wam.ae/en/news/emirates-international/1395301786614.html
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CBD posts Dh701.5m in nine-month net profits
Dubai: Commercial Bank of Dubai (CBD) posted a net profit of Dh701.5 million for the first nine months of 2016, 23.4 per cent lower compared to Dh915.3 million for the same period last year. The bank attributed the decline in profit to prudent provisioning.
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Saudi bond coup seen strengthening banks seeking Aramco IPO role
Dubai: Banks that helped Saudi Arabia raise a record $17.5 billion (Dh64 billion) last week will next turn to an even bigger prize: landing a role on the potential $100 billion initial public offering (IPO) of Saudi Arabian Oil Co. HSBC Holdings Plc …
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Banks team up to expand sustainable financing
National Bank of Abu Dhabi (NBAD), Commercial Bank of Dubai, Dunia Finance, Emirates NBD, HSBC, National Bank of Fujairah, RAKBank and Union National Bank signed the Dubai Declaration on Tuesday. The deal, at the Unep Finance Initiative Global Roundtable …
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UAE Exchange to acquire remittances business Remit2India
Dubai: UAE Exchange, a remittance, foreign exchange and payment solutions company, has reached a deal to acquire the online remittance business Remit2India from TimesofMoney, India. The value of the transaction has not been disclosed. Founded in 2000 …
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UAE joins the club of top 10 improvers globally in ease of doing business
Dubai: The UAE ranked top among Arab countries in the World Bank’s ease of doing business report ‘Doing Business 2017: Equal Opportunity for All’. It also figures in the list of the world’s top 10 improvers, based on reforms undertaken. Others in …
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PICS: $11m makeover for Emirates' Dubai Business Class lounge
“One day when I’m big…”, “I hate you so much right now…” or “Amazing, a business class upgrade is my dream…” are but some of the comments you’ll most likely receive when you brag, yes brag about making a long-haul journey all deftly snuggled up in …
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Local banks to continue helping struggling SMEs
Local banks will continue to help struggling small businesses restructure debt even after President Sheikh Khalifa ratified a bankruptcy law, according to a spokesman at the UAE Banks Federation. The federation said in September that an initiative among …
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Gulf Banks Feel the Pain as Investors Wonder What Will Come Next
Banks from Saudi Arabia to Dubai are feeling the pain of the Middle East’s slowdown. Many of the region’s largest banks missed analysts’ earnings estimates in the third quarter as lenders provisioned for higher bad loans and funding costs increased.
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Business confidence in UAE, rest of GCC hold up despite uncertainty
Dubai: Confidence of business owners in the UAE and the rest of the Gulf Cooperation Council (GCC) region is holding up despite the current challenging economic climate. A survey conducted among 196 business leaders in the GCC over the past six months …
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