according to new data from the Emirates NBD Dubai Economy Tracker Index. Despite the growth, the statistics show that new business increased at the second-slowest rate in more than two years, with inf…
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Saudi CMA nods to Bait Al Mal Al Khaleeji fund IPO
Riyadh – The Saudi Capital Market Authority (CMA) on Wednesday approved an initial public offer (IPO) for units in BMK Saudi Freestyle Equity Fund Sharia Compliant. The IPO made by Bait Al Mal Al Khal…
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Solar boats and electric buses: Take a ride on the UAE’s eco-friendly transportation
DUBAI: Want to take a trip to the future using eco-friendly transportation? In the UAE, you can enjoy a ride on a solar-powered abra on Dubai Creek, or hop on an electric bus in the capital. While Abu …
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Dubai’s 5,007-hp Devel Sixteen to make North American debut in Toronto
The press release from the Canadian International Auto Show (CIAS) calls the built-in-Dubai Devel “Mysterious and Powerful,” which perfectly describes a vehicle rumoured to have over 5,000 …
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Dubai’s 5,007-hp Devel Sixteen to make North American debut at Toronto auto show
The press release from the Canadian International Auto Show (CIAS) calls the built-in-Dubai Devel “Mysterious and Powerful,” which perfectly describes a vehicle rumoured to have over 5,000 …
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Virtusa’s Open Innovation Platform Powers the First Open Banking Sandbox in the Middle East
“Emirates NBD has been happy to partner with Virtusa to debut the first API Sandbox by a UAE Bank. This collaboration has enabled us to offer the right tools for enterprising FinTechs and developers w…
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UAE CEO Survey shows executives largely upbeat despite regional tensions and global turbulence
UAE. Confidence remains broadly high among the executives interviewed for the latest edition of the Business Barometer: UAE CEO Survey, carried out by Oxford Business Group (OBG), even though they fac…
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Shane Lowry shoots 62 in 1st round, leads in Abu Dhabi
ABU DHABI, United Arab Emirates (AP) — Irish golfer Shane Lowry is looking to reignite his career after losing his card on the PGA Tour last year. Beginning 2019 with a 10-under 62 is pretty much the …
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Market regulator expects IPOs this year, including Emirates Global Aluminium
IPO activity could improve with the inclusion of GCC markets in global gauges and regulatory changes, it added. EGA, the UAE’s biggest industrial company outside the oil and gas sector, said in Septem…
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Abu Dhabi property prices ‘more realistic’ after 2018 falls
Average apartment sales and villa prices fell by 2 percent in the fourth quarter of 2018. Abu Dhabi real estate sales prices and rental rates continued to fall throughout 2018, albeit at a lesser rate …
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Residential property market expected to continue to soften in 2019 in Abu Dhabi
Sales of apartments in Abu Dhabi fell by 9% on average in 2018 while villas sales were down by 4%, according to the latest residential real estate report for the Emirate. Overall, sales activity for c…
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Technology will make the UAE one of the world’s most food-secure countries by 2021
Food security is without doubt one of humankind’s most pressing concerns and the issue is one that is felt particularly keenly in the UAE. Although considered food secure – primarily because it enjoys …
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UAE 3D Printing market illuminated by new report
… construction activities especially in Dubai for the preparation of upcoming Dubai 2020 event is one of the key drivers for the rising adoption of 3D printing technology. In addition, 3D printing s…
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Ministers assert UAE is establishing new model of sustainability, investing in advanced science and national talent
Abu Dhabi: – The UAE is establishing a new model of sustainability, investing heavily in advanced science and technology, and equipping national talents with the necessary skills to ensure optimal use …
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Tech firm lands £20,000 UAE smart building contract
Nottingham smart building sensor technology manufacturer, Pressac Communications, has landed first order in the United Arab Emirates (UAE). The deal, worth £20,000 is to supply its wireless building s…
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Dubai targets larger events and reports $330m meetings impact
Dubai is targeting larger-scale business events and says its 2018 wins are set to deliver AED1.2bn (US$330m) in economic impact over the coming years. The emirate’s CVB, Dubai Business Events (DBE), s…
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Abu Dhabi HSBC Championship presented by EGA: Day 1 live updates – Shane Lowry equals course record
All the news from Abu Dhabi Golf Club as Irishman Lowry takes clubhouse lead on opening day with a 62 12.45 Well, that is pretty special. Shane Lowry gets the applause of the spectators at Abu Dhabi G…
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