However, developers in the Middle East beg to differ as they unveil plans to recreate the Italian city famous for its complex canals and gondolas with a replica version of itself in Dubai. The Floating Venice will be the world’s first five-star floating …
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Dubai launches world’s largest concentrated solar power project
DUBAI — Dubai will build the world’s largest Concentrated Solar Power (CSP) project costing Dh14.2 billion, state news agency Wam reported on Saturday. To be implemented by Dubai Water and Electricity Authority (Dewa), the largest single-site project …
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Sharjah ruler on five-day visit to Kerala from Sept 24
Thiruvananthapuram: Sharjah’s Ruler and member of UAE’s Supreme Council, Dr. Sheikh Sultan bin Muhammad Al Qasimi, will arrive in Kerala on a five-day official visit starting September 24, an official statement here said. He will take part in meetings …
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Dubai awards $3.8bn deal for final phase of giant solar park
Dubai Electricity and Water Authority (DEWA) said on Saturday it has awarded the 700MW AED14.2 billion ($3.87 billion) fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The contract for the largest single-site concentrated solar power (CSP …
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Dubai awards $3.9 billion solar energy contract to Shanghai Electric, ACWA Power
DUBAI (Reuters) – Dubai’s state energy utility awarded a $3.9 billion contract to build and run a 700 megawatt solar power plant to a consortium comprising Shanghai Electric and Saudi Arabia’s ACWA Power, the government said on Saturday. The project …
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Dubai awards contract for final phase of solar park
The Gulf desert emirate of Dubai on Saturday announced the award of a $3.8-billion contract for the final phase of a solar park aimed at generating 5,000 megawatts of electricity by 2030. The local government said the contract for the fourth and final …
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VP launches world’s largest Dhs14b solar plant
DUBAI: Vice President, Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, announced the launch of the biggest Concentrated Solar Power (CSP) project in the world on Saturday. It is based on the Independent …
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Dubai Financial Regulator Issues Warning on ICOs
A financial services regulator in Dubai has issued a warning on initial coin offerings (ICOs). In a new statement today, the Dubai Financial Services Authority (DFSA) became the latest markets regulator to urge caution to prospective investors, a list …
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Dubai & Malaysia Sign Fintech Cooperation Agreement
The Dubai Financial Services Authority (DFSA) and Securities Commission Malaysia (SC) have entered into an agreement to cooperate in the development of Fintech. According to both parties, this agreement reflects efforts by both authorities to provide a …
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Dubai and Abu Dhabi once again claim top slots in latest Middle East financial hub ranking
DUBAI: The UAE has enhanced its position as the leading financial hub of the Middle East, with Dubai and Abu Dhabi claiming first and second regional spots in the twice-yearly Global Financial Centres Index (GFCI). Dubai jumped seven slots in the rankings …
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Dubai property investors look to Expo 2020 as job losses detract from Cityscape buzz
:: The buzz that surrounded the three-day Cityscape Global property exhibition in Dubai this week belied a market still suffering from expat job losses and investor uncertainty. While property investors hope for an Expo 2020-related rebound, prices remain …
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Campion rolls out smart lighting solutions for UAE
Campion International, a leading provider of sustainable and eco-friendly lighting solutions, showcased its new solar lighting generation for urban projects and smart cities at the Cityscape Global expo held recently in Dubai. During the three-day event …
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Emirati legal drama ‘Justice’ premieres in the UAE
which depicts real-life court cases from the Abu Dhabi judiciary. Fatima Al Taei, who plays the ambitious lead character, Farah, a lawyer who is trying to make it on her own without her well-known lawyer father’s name, told Gulf News tabloid! that she …
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UAE get ready for iPhone 8, 8 plus: Pre-orders start today
UAE telco Etisalat will offer Apple’s latest products starting on September 15, including the new generation iPhone 8 and iPhone 8 Plus. “Customers will be able to pre-order iPhone 8 and iPhone 8 Plus beginning September 15 on www.etisalat.ae and visit the …
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Schools must teach children how to swim, UAE parents feel
Dubai: It’s time to make swimming lessons or water safety a mandatory part of the school curriculum to prevent child deaths due to drowning, some parents and advocates said. Their reaction came following the death of four boys who drowned in a big water …
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Aramco IPO Remains On Track, Company Says
Aramco’s initial public offering remains on track for next year, the company told UAE’s The National in an email, following a report that suggested the initial schedule might be delayed. The delay, sources told Bloomberg yesterday, would be because of …
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Property buyers in Dubai need to do ‘due diligence’ on payment plans, says Damac
‘Loose’ payment plans offered by developers could end up hurting the Dubai real estate market, according to Damac Properties’ senior spokesperson, Niall McLoughlin. Speaking to Arabian Business at real estate show Cityscape Global, McLoughlin, senior …
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