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Posted on 26/01/2017

CEO of Dubai airport offers to help Trump, U.S. improve hubs

DUBAI, United Arab Emirates — Dubai International Airport would welcome a call from the Trump administration on ways to improve American airports, the CEO of the Mideast hub said on Tuesday as it retained the title of the world’s busiest for international …
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Posted on 26/01/2017

Dubai airport widens gap over London's Heathrow

Dubai is already the world’s busiest international airport and there’s no sign of it relinquishing the title. More than 83.6 million passengers traveled through Dubai International last year — 5.6 million passengers, or 7%, more than in 2015. Its closest …
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Posted on 26/01/2017

Dubai Police rescue special needs boy locked in bathroom

Dubai: Dubai Police have helped a special needs boy who locked himself inside a bathroom reportedly due to his emotional situation, police said. Brigadier Kamil Butti Al Suwaidi, director-general of the Department of Operation Affairs, said they received a …
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Posted on 26/01/2017

Afridi helps release Pakistani prisoners in Dubai

Dubai: Famous Pakistani cricket star Shahid Afridi cooperated with Dubai Police to release 30 Pakistani prisoners in Dubai after paying off their financial dues. The former captain of the Pakistan cricket team tweeted: “By grace of Allah, we are …
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Posted on 26/01/2017

Burj Khalifa glows with Tricolour to mark India's Republic Day

#India pic.twitter.com/p8gfl1mr9X — Burj Khalifa (@BurjKhalifa) January 25, 2017 The LED shows were held thrice and will be repeated on Thursday along with complimenting Dubai Fountain shows. “The visual expression of the tri-colors underlined the …
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Posted on 26/01/2017

Dubai to get first floating houses, made in Finland and shipped by sea

A swanky new waterfront development in Dubai will feature the UAE’s first floating houses, plus restaurants and a yacht club that also bob on the waves – all made in a factory in Finland and “sailed” to the Gulf later this year. Finnish firm …
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Posted on 26/01/2017

Dubai Financial Market : Deyaar upbeat despite fall in profits

The Dubai developer Deyaar says it is “cautiously optimistic” about the year ahead despite reporting a 25.8% decline in profits for 2016. The company said it made a net profit of AED 216 million last year, compared to AED 291 million in 2015 …
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Posted on 26/01/2017

ABB inaugurates 315 KW solar power plant in Dubai

The plant, located at the ABB offices in Dubai, is one of the largest of its kind in the region ABB’s new 315 kilowatt (kW) solar power plant, one of the largest of its kind in the region, was inaugurated by Saeed Mohammed Al Tayer, MD and CEO of Dubai …
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Posted on 26/01/2017

Be a fractional owner of a property in Dubai

A property investment scheme has opened doors for ordinary investors to buy a stake in luxury real estate. Known as the fractional ownership method, the scheme allows a much broader cross-section of investors to become part owners of high-stakes …
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Posted on 26/01/2017

Dubai Properties delivers over 3,000 housing units in 2016

Dubai Properties (DP), a leading UAE-based real estate master developer, concluded 2016 with a successful handover of more than 3,000 residential units, supporting one of the city’s leading handover tallies since 2012. The developer’s sought after …
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Posted on 26/01/2017

The Crown Prince of Abu Dhabi arrives as the guest of honour for India's 68th Republic Day celebrations

The Crown Prince of Abu Dhabi and deputy supreme commander of the armed forces of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan arrived on an official visit to India on Tuesday afternoon. The Crown Prince who will be the Chief Guest for …
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Posted on 25/01/2017

Dubai Islamic Bank 2016 net profit rises 6%, beats forecasts

Dubai: Dubai Islamic Bank (DIB) said on Wednesday its 2016 net profit rose 6 per cent, beating analysts expectations. The company said it saw robust growth in profitability despite slow economic environment even as impairment losses declined. The bank …
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Posted on 25/01/2017

UAE property to get pricier: Here is why

* Raising interest rates typically strengthens a currency and the UAE central bank will mirror any moves by the Fed to maintain the dollar peg A stronger dirham value will likely weigh on the UAE’s real estate sector this year, a Dubai-based property …
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Posted on 25/01/2017

Dubai Properties yields over 3,000 units in 2016

DUBAI Properties (DP), a leading Dubai-based real estate master developer and asset manager known for renowned destinations across the Emirate, concluded 2016 with a successful handover over 3000 units, supporting one of the city’s leading handover …
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Posted on 25/01/2017

Wiko aims to sell 240,000 phones in UAE this year

Dubai: French smartphone start-up Wiko aims to sell around 20,000 mid-range devices per month in the UAE and re-enter the power retail segment in the first half of this year. Kashif Siddiqui, head of sales at Wiko UAE, told Gulf News that the company sold …
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Posted on 25/01/2017

Dubai Civil Defense to make use of NANO technology in putting out fires

The Dubai Civil Defense will make use of NANO technology in putting out fires and will establish a factory for producing this technology in Dubai. The UAE will be among the first countries to produce this technolgy. This was announced by expert major …
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Posted on 25/01/2017

Dubai-based deVere Group buys private bank in the Caribbean

DeVere Group, a global financial advisory company, said it has expanded into private banking by buying St Lucia-based Arton Bank. The Dubai company, which has been beefing up its presence in the Arabian Gulf in recent years, will be wading into a crowded …
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