Abu Dhabi developer Aldar Properties has announced an agreement with the development arm of the emirate’s tourism authority to acquire real estate assets worth Dhs3.7bn ($1bn). The company said the deal represented one of the largest real estate …
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Aldar acquires $1bn Abu Dhabi prime real estate assets
Aldar Properties, a leading property development company in Abu Dhabi, UAE, said it has reached an agreement with Tourism Development & Investment Company (TDIC) to acquire a portfolio of prime real estate assets worth Dh3.7 billion ($1.01 billion), in one …
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Revealed: 6 self-made billionaires in UAE who are from India
The fourth-richest billionaire expat in the UAE is Ravi Pillai, with a net worth of $3.5 billion. This Indian national was born into a household of farmers. He had earlier set up a sub-contracting business in Kerala that went bust before he moved to the Gulf.
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UAE’s Empower wins 3,600RT district cooling contract for Dubai Arena
RELATED ARTICLES: Empower’s DIFC district cooling plant in Dubai set for $16m upgrade | CEO of Dubai’s Empower mulls IPO as 2017 net profit rises by 20% | Empower achieves electricity savings worth $762m in 2017 Emirates Central Cooling Systems Corporation …
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Pakistan, UAE sign $200m pact to finance uplift plans
ISLAMABAD – The United Arab Emirates (UAE) and Pakistan have signed a $200 million cooperation agreement to execute Phase III of the UAE Pakistan Assistance Programme (UAE PAP). The agreement was signed in implementation of the directives of President …
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How do UAE residents really feel about their…
Earlier this month, we introduced our first quarterly Consumer Confidence Tracker. It was a survey of over 1,400 UAE residents, designed to take the financial pulse of the nation during the first quarter of 2018. And one of the main headlines was that only …
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ROAMWORKS signs agreement with Dubai Airports for Award Winning Cargo Security solution
ROAMWORKS has developed a number of wireless remote asset monitoring and management solutions, including an award-winning Cargo Security solution for the Transportation and Logistics sector. Dubai Airports was looking for a unified solution, an innovative …
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Abu Dhabi International Airport takes a step further towards its digital transformation
Abdul Majeed Al Khoori, Acting CEO of Abu Dhabi Airports commented: “This project has been key in meeting the growing challenge of balancing the increased volume of passengers and operational efficiency. With the implementation of this smart technology …
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United Arab Emirates shares higher at close of trade; DFM General up 0.83%
Investing.com – United Arab Emirates equities were higher at the close on Sunday, as gains in the Finance & Investment, Services and Banking sectors propelled shares higher. At the close in Dubai, the DFM General rose 0.83%, while the ADX General index …
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Airport Show to shed light on new technology
Dubai: The latest technologies and innovations in aviation will be showcased at the Airport Show, which kicks off in Dubai on May 7 and brings together over 350 exhibitors from 60 countries. The annual event, now in its 18th edition, is expected to see …
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Abu Dhabi Police launch Year of Zayed Award
Abu Dhabi: Abu Dhabi Police on Sunday launched the Year of Zayed Award in recognition of the legacy and values of Shaikh Zayed Bin Sultan Al Nahyan, the UAE’s founding father. Major General Mohammad Khalfan Al Rumaithi, Commander-in-Chief of Abu Dhabi …
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Meet the Filipino choir that helps Dubai pray
Dubai: The excited chatter of more than a dozen people fills the Gulf News studio on a week night. Accountants, administrators, teachers, engineers, executives. Right now, however, they’re the collective force known as Dubai Vocal Ensemble.
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Cigarette butts behind 14 Dubai fires in 2017
Dubai: Cigarettes butts were the second most common cause of fire incidents that led to seven deaths and 68 injuries in Dubai last year. Electrical short circuits were the leading cause of blazes, a senior police official said on Sunday. A total of 465 …
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Dubai Adds 200MW Solar Energy, Increasing Clean Energy Share To 4% of Installed Capacity
DUBAI, United Arab Emirates–(BUSINESS WIRE)–HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has inaugurated the 200 megawatt (MW) first stage of the 800MW third phase of the Mohammed bin Rashid …
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A 5-point guide to paying off your debt in the UAE
Debt can quickly take over your financial freedom if not handled properly … This ratio shows how much of your income is spent on debt repayments every month. The UAE Central Bank limits the DBR to 50 per cent for individual borrowers, so your aim …
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Technology making ‘banking for all’ dream a reality
Closer home, over a fourth of Emirates NBD’s branch network in UAE is diability-friendly, with easier access and priority queueing for people of determination. The bank is also the first in the world to pilot an automated sign language translation system …
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Ramit Tandon tames top seed to win Abu Dhabi Open Squash
ABU DHABI: India’s Ramit Tandon on Sunday toppled number one seed Omar Abdel Meguid of Egypt to win the Abu Dhabi Open, his third title on the Professional Squash Association (PSA) tour. The third seed beat the Egyptian 11-6, 6-11, 11-3, 11-2 in an …
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