Dubai Investments, listed on the Dubai Financial Market, has reported net profit of AED350 million ($95.2 million) for the third quarter, an increase of 4.8 percent over the same quarter last year. The company said net profit for the first nine months of …
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Dubai real estate commissions hit $353m in 9 months
The total value of brokerage commissions made in Dubai’s real estate market this year stood at over $353m until the end of September for the 6,200 brokers active in the emirate’s property sector, according to data revealed by the Dubai Land Department …
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Rich history of Louvre Paris to enrich Abu Dhabi museum
Abu Dhabi: The Louvre Abu Dhabi is set to open its doors this month, but its namesake in Paris, the Louvre Museum, has a long history, dating back to its opening as a museum in 1793. The arts-dedicated facility, located on the banks of the Seine river …
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Louvre Abu Dhabi welcomes the world
The events are suitable for all ages and feature a diverse line-up of artists from around the world, according to the UAE News Agency (WAM). Manuel Rabate, Director of Louvre Abu Dhabi, said: “Creativity, cross-cultural understanding and humanity’s …
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This tailor stitched UAE flags for Rs5
I recall stitching those on order before the UAE was formed in 1971,” he told Gulf News. Parmar started work as a tailor in his elder brother’s shop in Mumbai as a nine-year old. Orphaned at the age of five, he is from the Junagadh district of Gujarat …
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Dubai issues clear law on wills governing non-Muslims
The DIFC Wills and Probate Registry (DIFC WPR) for Non-Muslims, which covers assets in Dubai and Ras Al Khaimah, had 2,900 registered wills since opening in May 2015, Gulf News reported last September, with an average of 150 wills being registered each month.
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Dubai issues new law on wills, inheritance
The DIFC Wills and Probate Registry (DIFC WPR) for Non-Muslims, which covers assets in Dubai and Ras Al Khaimah, had 2,900 registered wills since opening in May 2015, Gulf News reported last September, with an average of 150 wills being registered each month.
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Assistive technology helps children with disabilities in Dubai thrive
“Hello, my name is Zahra. I’m awesome.” By pressing a few keys, Zahra picks out a greeting, chooses cheerful and teary emoticons. She even cracks a joke by hitting a button to say, “I fooled you” after she pretends to identify the wrong colour …
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UAE leads Arab region in World Bank’s ease of doing business ranking
Dubai: The World Bank’s Ease of Doing Business 2018 report revealed today that the UAE is ranked 21 st globally and is ranked top of Arab countries for the fifth year in a row. Additionally, the report showed that the UAE is ranked in the top ten globally …
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UAE telco du reports rise in Q3 profit
Sultan also announced the nominations of Fahad Al Hassawi and Farid Faraidooni as deputy CEOs. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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UAE interest rates are expected to rise, mirroring US policy
The US Federal Reserve is likely to raise rates further to tighten its monetary policy and the UAE Central Bank will have to follow suit because the dirham is pegged to the dollar, analysts said. “The current central bank rate is 1.5 per cent, which has …
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CASE STUDY: Dubai Properties’ floating villas in Dubai Canal
Dubai Properties in September celebrated the voyage of the UAE’s first-ever water home as it made its way along the city’s newest attraction – the Dubai Water Canal – to berth at Marasi Business Bay. During the following days, a further eleven homes …
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Millennium Plaza Dubai Is Leading City Business Hotel 2017
Millennium Plaza Dubai, a luxury accommodation along Sheikh Zayed Road, has been recognised by World Travel Awards as Dubai’s Leading City Business Hotel for 2017. General Manager Nemo Acimovic received the award at a gala ceremony held at Armani Hotel …
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Emaar unit is said to plan IPO at premium of as much as 20%
Dubai: Emaar Properties PJSC is expected to offer shares in its United Arab Emirates development business at a 10 to 20 per cent premium to the unit’s net asset value, according to three people familiar with the plans. The lead managers on the initial …
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Dubai Fitness Challenge: Day 10
Dubai: The past two weeks of the Dubai Fitness Challenge has seen the participants Gulf News is following bursting with more energy as they push themselves to the limit everyday during the monthlong fitness campaign. Apart from exercising everyday …
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Dubai housemaid cleared of insulting the Quran
Dubai: A housemaid has been cleared of insulting the Quran by placing a copy of the holy book on the floor and sitting on it following a heated argument with her sponsor. The sponsor was alleged to have asked her 36-year-old Indonesian maid to clean the …
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DAFZA Launches First Regional e-Commerce Free Zone Dubai CommerCity
The project will accelerate the growth of the e-commerce market and will provide an environment that stimulates creativity and attract more direct foreign investments in line with Dubai Plan 2021 which aims to create a unique and sustainable economy based …
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