The Financial Restructuring Committee held its first meeting at the Ministry of Finance (MoF), which was headed by HE Younis Haji Al Khoori, Undersecretary of MoF and Chairman of the Committee. The meeting had the participation of representatives from MoF …
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Revealed: Where Abu Dhabi property prices, rents rose and fell in Q1
The Abu Dhabi residential property market heavily favoured buyers and renters in the first quarter with price decreases across the city, according to listings site Bayut.com. The company said rents fell by nearly a quarter in some areas compared to the …
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DP World, Virgin Hyperloop One to build hyperloop system for UAE cargo
Dubai: DP World, the Dubai-based ports operator … Phase two refers to the next level of detail for the still untested technology, including a specific route, and a more thorough feasibility study.
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Dubai to transport goods, people at 1,200kmph
“Dubai is in the cutting edge of everything,” said Sir Richard Branson. “What we are looking at is technology that will remove all the misery of travel.” Highlighting examples of how this will be possible, he said: “Travel between airports that normally …
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UAE- How female entrepreneurs will boost Middle East economies
(MENAFN – Khaleej Times) Dubai’s well-earned moniker as a global trading hub is one of the stabilising pillars of the regional community. A robust economic environment not only helps create jobs and supports development but spreads technology and ideas …
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UAE’s telecoms regulator in talks to lift Skype, FaceTime ban
The UAE’s telecoms regulator is in talks with US technology firms Apple and Microsoft towards the potential lifting of a ban on video calling apps FaceTime and Skype, according to reports. Arabic newspaper Al Ittihad cited Telecommunications Regulatory …
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Dubai port operator, Hyperloop team up on high-speed cargo delivery
Dubai’s giant port operator DP World on Sunday joined hands … The new company, DP World Cargospeed, will create futuristic transport systems using Hyperloop’s tube-based technology to deliver goods and link existing road, rail and air transport …
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Pictures: Dubai’s DP World, Virgin Hyperloop One partner for cargo venture
Dubai’s DP World and Virgin Hyperloop One have announced a partnership for a new venture focussing on the use of high-speed transportation technology hyperloop for cargo. DP World Cargospeed is intended to “provide exceptional service for high-priority …
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MENA Through The Lens Of Full Scale Immersive Technologies
Grand examples are Abu Dhabi’s flag carrier Etihad Airways and Dubai’s real estate giant Jumeirah Group, two of the major Gulf brands, adopting VR technology in order to create immersive customer experiences and promote their products and services.
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Sharjah Police arrest gang selling fake antique gold coins
Sharjah: Sharjah Police have arrested a two-member gang for cheating several people by selling counterfeit gold coins. Police said the two Asian men were arrested after receiving several complaints from their victims. Sharjah Police carried out a sting …
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Rafid to replace Saaed to attend road accidents in Sharjah
Sharjah: Sharjah police have deployed Rafid — a new service provider — to attend the traffic accidents in Sharjah replacing the existing Saaed service. Rafid officers will start responding to motorists involved in accidents in the emirates with effect …
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Sharjah celebrates ‘Hag Al Laila’ at Islamic Botanical Garden
Sharjah: Sharjah’s Environment and Protected Areas Authority (EPAA), celebrated ‘Hag Al Laila’ (middle of Sha’aban) on Saturday at the Islamic Botanical Garden, Desert Park. A recreational heritage programme was organised for EPAA staff and …
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Sharjah Ruler inaugurates “Rain Room”
H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated, on Sunday, the Rain Room, in the presence of Sheikha Hoor bint Sultan Al Qasimi, President of Sharjah Art Foundation, SAF. Designed by Sharjah Art …
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Contractor hired for Sharjah’s Kalba Waterfront project
Eagle Hills Sharjah has appointed East Coast Contracting and Trading as a contractor for its AED160 million (USD 43.5 million) Kalba Waterfront project. The developer said the retail development will answer the growing demand for modern retail facilities …
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Bank of Sharjah P J S C : Sharjah Islamic Bank’s net profit records AED 143m in 3M
Abu Dhabi – Mubasher:Sharjah Islamic Bank’s (SIB) net profits increased by 3% year-on-year to AED 143.1 million ($38.95 million) in the first quarter of 2018. The bank’s provision for impairment dropped 53% year-on-year to AED 14.4 million in Q1-18 …
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Dubai Properties announces new phase of Dubailand project
Dubai Properties has announced a new phase of its Villanova community in Dubailand. Amaranta 3 will feature more than 300 two-, three- and four-bedroom townhouses and will boast Spanish facades. According to a statement from Dubai Properties, the …
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Podcast: Construction Week Viewpoint – Solar energy projects
RELATED ARTICLES: Podcast: Construction Week Viewpoint – Abu Dhabi transformation | Construction Week launches podcast series for Middle East professionals | ABB wins $90m order to build substation at Dubai solar park Saudi and the UAE may be the region’s …
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