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Posted on 09/08/2019

DFSA, Egypt cbank team up to promote bank safety

The Dubai Financial Services Authority (DFSA) has partnered with the Central Bank of Egypt (CBE) to facilitate the performance of their respective supervisory tasks and promote the safety and …
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Posted on 09/08/2019

UAE shuts down 115 websites, social media accounts

In May this year, the UAE’s Telecommunications Regulatory Authority (TRA) also blocked 267 websites for fraud, and offensive and obscene content. At least 117 (43.8 per cent) of the blocked websites …
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Posted on 09/08/2019

UAE real estate is back in business

About a decade ago, at the World Economic Forum, three scenarios were presented on “how GCC countries can use their wealth to expand in affluence while overcoming the internal and external …
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Posted on 08/08/2019

UAE pulls WTO trade complaint against Qatar

Abu Dhabi (AFP) – The United Arab Emirates withdrew on Thursday a complaint it made to the World Trade Organization accusing Qatar of imposing discriminatory trade restrictions on its goods. “Qatar …
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Posted on 08/08/2019

UPDATE 1-Aldar Properties Q2 profit up 7%, says Abu Dhabi sentiment up

ABU DHABI, Aug 8 (Reuters) – Aldar Properties, the largest property developer in Abu Dhabi, on Thursday reported a 7% rise in second-quarter profit year on year, saying sentiment in the property …
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Posted on 08/08/2019

Abu Dhabi’s Aldar Weighs Opportunities in Saudi Arabia and Egypt

CEO Talal Al Dhiyebi discusses Aldar Properties’ financial results. (Source: Bloomberg) Abu Dhabi’s largest developer earlier Thursday posted a 7% rise in second-quarter profit to 476 million dirhams …
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Posted on 08/08/2019

DEWA Cooperates With Stanford University ffor Solar Energy

Dubai Electricity and Water Authority announced … radiation cooling to improve the efficiency and performance of solar panels, utilisation of autonomous robots in monitoring and maintaining …
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Posted on 08/08/2019

DEWA invites international firms to participate in WETEX, Dubai Solar Show

Dubai Electricity and Water Authority (DEWA) has invited international companies and organisations specialised in energy, renewable energy, water, the environment, to participate and display their …
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Posted on 08/08/2019

Five Bangladeshi expats have received gold card visas in the UAE so far

“We shifted our business to the UAE from Saudi Arabia 38 years ago. Since then, our business thrived,” said Mahtabur Rahman. “The gold visa is an honour for me, my family and my country …
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Posted on 08/08/2019

Three UAE-based Bangladeshi businessmen from the same family granted 10-year-UAE Gold Cards

Bangladeshi nationals own more than 50,000 businesses in the UAE and employ more than 150,000 people – making them one of the largest business communities in the UAE. Mahtabur Rahman and Oliur …
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Posted on 08/08/2019

Dubai DXB Entertainments posts losses in first half of 2019

DUBAI, United Arab Emirates — DXB Entertainments, which runs Dubai Parks & Resorts, has announced revenue of $68.6 million for the first half of 2019, 13% down from the same period last year. Revenue …
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Posted on 08/08/2019

Revealed: UAE residents’ most preferred Eid destinations

Southeast Asia continues to top the list of preferred destinations amongst the UAE residents travelling during Eid Al Adha holiday, according to a new report released on Thursday by Dubai-based online …
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Posted on 08/08/2019

Three UAE based Bangladeshi from the same family granted 10-year-UAE Gold Card

Dubai: Three Bangladeshi residents from the same family have been granted UAE Gold Visa –ten-year-visa. They include Dubai based Bangladeshi businessmen including M. Mahtabur Rahman, M. Oliur Rahman …
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Posted on 08/08/2019

Dubai abattoir timings announced

Image Credit: Atiq Ur Rehman/Gulf News Dubai: The Dubai Municipality has issued a circular to all butcheries in the emirate to prevent the slaughter of livestock in public. Inspection teams will …
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Posted on 08/08/2019

P&O Cruises cancels Dubai and Gulf voyages amid Iran tensions

LONDON (Reuters) – P&O Cruises has canceled cruises around Dubai and the Arabian Gulf after Iran seized a British-flagged tanker in the region. Citing increased tensions, the company said it has …
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Posted on 08/08/2019

Abu Dhabi’s Aldar Properties posts higher Q2 profit, as sales surge

Aldar Properties, the largest property developer in Abu Dhabi, reported a 7 percent increase in net profit at 476 million dirhams ($129.59 million) for Q2 2019 due to higher revenues. The developer …
( read original story …)


Posted on 08/08/2019

Aldar posts 7% rise in Q2 profit, says sentiment up for Abu Dhabi property market

Aldar Properties, the largest property developer in Abu Dhabi, on Thursday reported a 7 per cent rise in second-quarter profit, saying the emirate’s property sentiment has improved. The state …
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