(Reuters) – Flights at the Dubai International Airport in United Arab Emirates were being grounded following reports of unauthorized drone activity, Sky News reported on Friday. Dubai airport, which h…
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Aldar Properties : Abu Dhabi’s Aldar posts $708m profit as 2018 revenues grow 3%
Abu Dhabi developer Aldar Properties has posted $1.7bn (AED6.3bn) in revenues for 2018, up 2% on 2017 figures, boosted by asset acquisition and the collection of final payments. The Abu Dhabi developm…
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UAE up at 5th in connectedness index
The UAE jumped to No.5 for global connectedness and became one of the world’s most connected countries as globalisation hits record high, according to the DHL Global Connectedness Index. The UAE rose …
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Damac quarterly profit down 87% as Dubai property prices tumble
Dubai’s Damac Properties, owner and operator of the only Trump-branded golf club in the Middle East, reported a nearly 60 per cent fall in full year profit on Thursday, while its profit in the …
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Australian Space Agency signs partnership with UAE space agency
The focus of the partnership will be on communications, robots, technology and even space medicine in the short-term. Mr Murfett said Australia was also “watching with interest” as the UAE prepares to …
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Ripple’s payment technology will not be used by UAE but will encourage and educate commercial banks to use it
Mohsen AlZahrani, VP Strategy & Excellence at SAUDI PAYMENTS mentioned that two banks in the UAE will go live using Ripple’s payment solutions. He also confirmed that central banks will not use Ripple …
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Revealed: how the UAE is going contactless
“While some sceptics may look at 2018 as a slow year in terms of UAE retail card spending, actual data collated by Mashreq bank’s merchant acquiring business shows otherwise,” he said. The Mashreq dat…
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Deyaar, Millennium open new hotel in Business Bay
Millennium Hotels and Resorts (Middle East and Africa) has joined hands with UAE-based Deyaar Development for the opening of its 40th property, the Millennium Atria Business Bay, which will serve a gr…
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Dubai digital bank is first to launch smartphone insurance plan
UAE mobile phone owners can now enjoy protection for their devices with a new mobile insurance plan from Liv., the lifestyle digital bank by Emirates NBD. A first in the UAE, Liv.’s Mobile Insurance, …
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Dubai Airports aims to eliminate queues as it rebrands
The new brand, with a fresh logo bearing the letters DXB, will see the operator enhance technology at the city’s two airports and launch new retail concepts there. Dubai Airports said it aims to …
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Sharjah Ruler witnesses opening of 3rd Sharjah GCC Theatre Festival
SHARJAH, 14th February, 2019 (WAM) — H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, attended today the opening of the third edition of the Sharjah GCC The…
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British football fan held in UAE for wearing a Qatar shirt ‘has been freed and left the country’
A British man arrested in the UAE for wearing a Qatar shirt to a football match has been freed – according to reports. Sources told Sky News that Ali Issa Ahmad, 26, who was arrested in Sharjah while …
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UAE forecast to open most hotel rooms outside China in 2019
The UAE is set to open 31,517 hotel rooms during 2019, nearly 40 percent of the total forecast to open in the Middle East and Africa region. The UAE is forecast to open more new hotel rooms this year …
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JPMorgan, Goldman-Backed Payments Co Finablr Eyes IPO
However, we don’t know the size of the IPO. We expect a very good response because we have a very good track record,” Finablr Founder and Chairman B.R. Shetty said at a conference in Dubai. Goldman Sa…
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Dubai property giant Emaar grows profits despite lower prices
DUBAI: Dubai-based construction giant Emaar Properties said on Thursday its net profits for the fourth quarter and the whole of last year increased despite falling real estate prices. The company, whi…
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DAMAC quarterly profit down 87 pct as Dubai property prices tumble
DUBAI, Feb 14 (Reuters) – Dubai’s DAMAC Properties , owner and operator of the only Trump-branded golf club in the Middle East, reported a nearly 60 percent fall in full year profit on Thursday, while …
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Dubai Has A New Bus Route To… Muscat, Oman
The bus will be making pick-ups from two bus stations and Dubai Airport (Terminal 2). The ride takes a reasonable six hours, stopping in a bunch of towns in Oman and at Muscat’s airport. The buses are …
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