Expo 2020, economic reforms, Abu Dhabi’s $13.6 billion stimulus, and ADNOC’s expansion could add about 1 percent to the UAE’s non-oil real GDP growth in 2019, according to new research. Bank of America Merrill Lynch said structural reforms support …
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Union Properties unit ServeU to launch IPO in September
“All the governance and strategies have been aligned to make sure that everything is in right place ahead of IPO which is planned for September this year and listing will be on the Dubai Financial Market. It is difficult to give the size of IPO or how much …
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This bakery in Abu Dhabi has been serving customers since 1978
Abu Dhabi: From its humble beginnings when it opened 40 years ago in Abu Dhabi, in what was then a vastly different city to what it is now, Khaleej Bakeries and Pastries continues to be one of the capital’s most well-known establishments and one of the …
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UAE Banks Federation launches financial literacy guide for SMEs
The UAE Banks Federation (UBF) has stepped up its efforts to increase the level of financial awareness in the country by launching a financial literacy handbook for SMEs. Representing over 60 percent of the country’s GDP and employing 42 percent of its …
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UAE-China banking ties to see more sustainable, growing synergy: Dubai financial official
DUBAI – The banking relations between the United Arab Emirates (UAE) and China will see more sustainable and growing synergy in future, a senior official of the Dubai International Financial Center (DIFC) told Xinhua in an interview on Thursday. Salmann …
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Sharjah Book Authority meets US library experts
Sharjah: Sharjah Book Authority (SBA) held a series of meetings with book industry and library leaders at the American Library Association (ALA) Conference and Exhibition in New Orleans. During the event, a SBA delegation highlighted the growing importance …
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Dubai plans revolutionary retractable aircraft cabin project
Khalifa Suhail Al Zaffin, executive chairman of Dubai Aviation Engineering Projects said: “The advent of new travel technologies such as supersonic aircraft and space travel have raised questions about the ability of existing airports to accommodate these …
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Now, no need to display parking tickets on dashboard in Dubai
Antonin Kélian Kallouche/Gulf News In a statement to Gulf News, RTA said: “The project is part of the vision of ‘Smart Dubai’. RTA has introduced this pilot project and we shall announce further updates in due course of time.” Unlike the old …
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UAE- Right time for NRIs to buy property in India
(MENAFN – Khaleej Times) The Indian real estate sector is seeing a gradual resurgence, one year after the implementation of key policy reforms. With property prices having hit rock bottom in major cities, developers still coping with unsold inventory and …
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UAE court reserves judgement in Naqvi criminal case
Dubai: A Sharjah court on Thursday reserved the judgement until … three cheques signed by Arif Naqvi totalling an amount of $300 million were presented to the Bank and subsequently dishonoured due to insufficient funds. These cheques stem from an …
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Abu Dhabi municipality starts system to monitor city’s appearance
Abu Dhabi: The Abu Dhabi City Municipality (ADM) has launched a new service as part of the Unified Portal Services App of the Department of Urban Planning and Municipalities named Rasid. The service aims to engage community members in detecting eyesores …
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UAE bucks global trend as women lead the way in science studies
Almost eight in 10 learners taking computer science studies in the UAE are female – bucking a global trend. A recent report by Times Higher Education found the number of female students in the country enrolling in STEM subjects (science, technology …
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UAE well set for virtual reality revolution
In the UAE, LBE is creating a buzz around VR but the technology is also getting traction in the business and the public sector, as reflected in the number of VR and augmented reality (AR) products (which lay digital images over the user’s environment …
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BoG must use Islamic banking to promote financial inclusion – Dubai Chamber
The Head of Dubai Chamber-Ghana Office, Cyril Darkwa, is encouraging the Bank of Ghana (BoG) to see Islamic banking as a way to promote financial inclusion in the country, noting that Islamic banking is a sector that offers huge potential growth for Africa …
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Dubai launches new freelance work permit for Dh7,500
Majed Al Suwaidi, managing director of Dubai Media City, Dubai Studio City and Dubai Production City, told Gulf News on the sidelines of Tuesday’s event that the new package comes in line with expectations of a changing professional market.
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Abu Dhabi expat rent tax increase lower for some properties
Abu Dhabi has reportedly opted to decrease the maximum tax charged on expat property rental contracts after new rates were revealed earlier this month. A post on Abu Dhabi Distribution Company website that is still online stated that the municipality fee …
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Fidu Properties to invest $544m in Dubai real estate by end of 2018
Chinese developer says it has signed multiple deals worth $103m with Emaar Properties for The Grand in Dubai Creek Harbour Fidu Properties, a Chinese real estate group, has announced that it plans to invest $544 million into Dubai’s real estate sector by …
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