The 2017 cash dividends paid out by 62 companies listed on the Abu Dhabi and Dubai bourses amounted to AED33.1 billion ($9 billion), according to the latest official figures. The banking sector continued to have the lion’s share of cash distributions …
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Dubai developer says JLT project on track for 2019 completion
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UAE-backed militia deports Yemenis from southern Yemen
Nearly two dozen Yemenis have said they were beaten, tortured and arbitrarily held by militias affiliated with the United Arab Emirates in southern Yemen, then dumped hundreds of kilometres away in areas rife with violence and warned to never return.
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Abu Dhabi police activate National Early Warning System
Abu Dhabi: Abu Dhabi Police have activated a new National Early Warning System, which sends awareness e-messages to motorists urging caution ahead of inclement weather and road pile-ups. The messages aim to alert drivers on highways and those living in …
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Pakistanis in UAE celebrate their National Day
Dubai: Education is the basis for transforming Pakistan into a leading nation in the world, Pakistani expats heard as they celebrated the 78th Pakistan National Day in Dubai on Friday. The comment came during a celebration at the consulate general of …
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Dubai Investments to launch new Islamic bank
Dubai Investments has announced plans to lead a consortium of investors to launch Arkan Bank, a wholesale Islamic financial institution with an initial paid-up capital of $100 million. The authorised share capital of Arkan Bank will be $500 million.
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Thick fog envelops parts of the UAE
On Thursday, NCM posted videos on its Instagram account of heavy morning fog affecting roads in Abu Dhabi along with several warnings of fog formation in various parts of the UAE. These conditions will continue into Friday, with a slight rise in …
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Dubai World Cup Update
Joel Rosario, who was aboard for his dominant win in last year’s $2 million Dubai Golden Shaheen sponsored by Gulf News, was back in the irons for the final serious move of his preparation. The Chad Summers-trained son of Posse lands in Dubai late on …
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Start-up advice: How to prepare your business for sale
Nathan Banks, managing partner of UAE-based law firm Banks Legal, explains key factors to keep in mind to maximise your return on investment when selling your business: 1. Licensing, permits and approvals: It is important to regularly review your business …
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Air to water technology launches commercial ops in the UAE
A pioneering technology that provides a cost-effective and sustainable source of mineralised drinking water by harnessing the humidity from the air has been officially launched commercially in the Middle East. Veragon Water Solutions air-to-water system …
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UAE adviser lobbied Trump to oust Tillerson: NYT
New York Times reveals how George Nader and Elliot Broidy influenced Trump for interests of Saudi Arabia and UAE. George Nader, a political adviser to the United Arab Emirates (UAE), worked for over a year to transform one of the largest donors to Donald …
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UAE condemns ‘act of terror’ in Mogadishu
Abu Dhabi: The UAE condemned the explosion that erupted outside a hotel in the Somali capital Mogadishu on Thursday as an act of terror. The Ministry of Foreign Affairs and International Cooperation expressed the UAE’s denunciation of such acts of terror …
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Dubai Police caught 3,220 wanted suspects so far this year
Dubai: Dubai Police arrested 3,220 wanted suspects and recovered Dh2.5 billion in criminally obtained property from them in the first two months of 2018, officials said on Thursday. These most-wanted people were involved in financial crimes, Col Saeed Al …
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Mother of the Nation Festival opens in Abu Dhabi
Abu Dhabi: The third annual Mother of the Nation Festival officially opened in Abu Dhabi on Thursday, with the festival highlighting the empowering role of Emirati women in society and their work in the development of the UAE. Organised by the Department o …
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Pakistani student in Dubai wins $77,000 scholarship
Dubai: Following a spell of uncertainty, a Dubai schoolgirl has got a chance to pursue university studies after her parents had to move back to Pakistan for her father’s cancer treatment. Suman Ansari, 19, a final-year student at Deira International …
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Virgin Mobile set to close UAE auction on coveted phone numbers
Virgin Mobile has started an online scramble in the UAE for the best mobile numbers and plans in its new 0585 range. The company announced an online auction of some of the most coveted numbers to become available in the UAE for years. Virgin Mobile said …
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77% of UAE firms forecast rise in trade volumes in next year
Sunil Veetil, regional head of Global Trade and Receivables Finance for HSBC MENAT said: “Although oil prices have impacted the GCC’s economies over the last year, the UAE’s push for diversification is bearing fruit. “As we get closer to Expo 2020 …
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