DUBAI: A Dubai-based Indian billionaire will donate a total of $130,790 a year to fund the return tickets of expatriate prisoners who have been released from jails in the UAE. Firoz Merchant, founder and chairman of Pure Gold Jewellers, has just signed a …
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Leejam Sports to file for 1b riyal IPO
Leejam, established in 2007 by vice-chairman Abdul Mohsen Al Haqbani, operates 120 locations across Saudi Arabia and Dubai under the brand name Fitness Time, according to its website. The company plans to formally apply for an IPO with the stock market …
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Leejam Sports to file for 1 bln riyal IPO, targeting Q4 Riyadh listing-sources
Leejam, established in 2007 by vice chairman Abdulmohsen al-Haqbani, operates 120 locations across Saudi Arabia and Dubai under the brand name Fitness Time, according to its website. The company plans to formally apply for an IPO with the stockmarket …
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CORRECTED-Leejam Sports to file for 1 bln riyal IPO, targeting Q4 Riyadh listing-sources
Leejam, established in 2007 by vice chairman Abdulmohsen al-Haqbani, operates 120 locations across Saudi Arabia and Dubai under the brand name Fitness Time, according to its website. The company plans to formally apply for an IPO with the stockmarket …
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After scare, Virgin Atlantic flight leaves Dubai for London
A Virgin Atlantic flight from Dubai to London that was evacuated over unspecified concerns earlier Thursday in the United Arab Emirates was cleared after a security check and took off for Britain, officials said. The Airbus 330 had just left its gate in …
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Aldar Properties : to build twofour54’s Yas home
The media and entertainment free zone twofour54 in Abu Dhabi said it has appointed Aldar Properties, the emirate’s biggest listed developer, to build its new home on Yas Island. The project is part of a Dh12 billion development of the southern part of …
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Abu Dhabi Customs seize thousands of alcohol bottles at border
Abu Dhabi: The General Administration of Customs in Abu Dhabi on Tuesday announced that inspectors from Al Ghuwaifat border foiled an attempt to smuggle 7440 bottles of alcohol outside the UAE. A truck which was carrying metal tubes had arrived at the …
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Abu Dhabi DF bolsters online offer ahead of Ramadan
A year after its launch, Abu Dhabi Airports Company (ADAC) says that the company is adding new products to its online platform, addf.ae, as it prepares for the busy summer season and Ramadan (between 26 May to 24 June). During Ramadan, the online store …
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The coming revolution in banking
A paradigm shift is under way in the UAE’s financial sector as technology evolves and customers live in an increasingly connected world. When the dust settles, the banking landscape will look a lot different over the next three years than it does today.
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Manchester City boss Pep Guardiola jets off to Abu Dhabi for end of season talks with Khaldoon Al Mubarak
Pep Guardiola is jetting off to Abu Dhabi for an end of season summit with Manchester City’s board. The Catalan is set for talks over how City plan to attack next season, primed to brief chairman Khaldoon Al Mubarak on to what extend his squad will be …
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Successful IPO Of An Offshore Driller
I discuss industry implication of ADES IPO. This article was written on a request by a reader who noticed that an offshore drilling company which originally came from Egypt and is now based in Dubai, ADES International Holding, had a successful IPO in …
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Cathay announces job cuts after posting financial losses
Dubai: An Asian airline that serves the UAE market is implementing … followed after the company announced that it had incurred some $74 million (Dh271 million) in financial losses for 2016, the first since the global recession. “We have had to make …
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Aldar to build new site for Abu Dhabi’s free trade zone for media
DUBAI Abu Dhabi-listed Aldar Properties ALDR.AD won a contract on Monday to build a new site for the twofour54 free trade zone that hosts media firms. Aldar, the state-linked construction firm that built Abu Dhabi’s Formula One circuit, was awarded the …
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Abu Dhabi’s Aldar wins deal to develop Twofour54’s new freezone in Yas Island
Twofour54, Abu Dhabi’s media and entertainment freezone, has appointed Aldar Properties to develop its new headquarters in Yas Island. Set to cover an initial gross floor area (GFA) of 95,000 square metres, the new development will feature offices …
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Philippine Airlines suspends Abu Dhabi-Manila flights
“Practically all flights from Abu Dhabi to Manila will be temporarily scrapped effective July 8,” a customer service representative told Gulf News.
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Och-Ziff: Wall Street’s fallen star
“Och-Ziff, one of the largest hedge funds, positioned itself to profit from … a handful of longtime investors are sticking with the firm. A unit of Dubai’s sovereign investment fund retains a 16% stake, and mutual fund giant T. Rowe Price has bought …
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Dubai Property Prices Set To Bottom Out At Last
Dubai’s property market is still in the doldrums, years after prices and rents started to drop. Estate agents suggest the downward spiral is likely to bottom out over the next few months. International property firm Cluttons, who have offices in Dubai …
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