Dubai’s Damac Properties , the owner and operator of the only Trump-branded golf club in the Middle East, posted a nearly 47 percent drop in fourth-quarter profit, while full year profit dropped by 25 percent. The results came as Dubai, its core property …
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Fresh twist for UAE diners as oysters thrive in warm waters
FUJAIRAH, United Arab Emirates – The waters of the Persian Gulf have long been home to pearl oysters, providing a valuable mainstay to the Arab tribes that subsisted off its trade before the discovery of oil pumped new life into the Arabian Peninsula.
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Dubai property firm DAMAC Q4 profit plunges 47 pct
DUBAI, Feb 14 (Reuters) – Dubai’s DAMAC Properties , the owner and operator of the only Trump-branded golf club in the Middle East, posted a nearly 47 percent drop in fourth-quarter profit, while full year profit dropped by 25 percent. The results came …
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Dubai property firm Damac sees Q4 profit dip 47%
Dubai’s Damac Properties , the owner and operator of the only Trump-branded golf club in the Middle East, posted a nearly 47 per cent drop in fourth-quarter profit, while full year profit dropped by 25 per cent. The results came as Dubai, its core …
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Dubai finds solution to bitcoin hacking – the most protected vault in the world
The regulator of Abu Dhabi’s international financial centre said it could create rules for exchanges handling virtual currencies, in a sign that authorities in the United Arab Emirates may allow trade in cryptocurrencies such as bitcoin to develop.
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Indian News Channels Run Fake Video On Abu Dhabi Crown Prince Chanting ‘Jai Siya Ram’ During Modi Visit
A video, claiming to show Crown Prince of Abu Dhabi Mohamed bin Zayed al Nahyan chanting ‘Jay Siya Ram’ during Indian Prime Minister Narendra Modi’s visit to Abu Dhabi, was shared by mainstream Indian media houses, ahead of the PM’s visit. The video, as …
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Dubai aims to outpace other cities in 10 years
Dubai: Dubai’s government entities aim to outpace other cities in services and technology by 10 years through the ‘10X 2.0’ initiative, launched on Monday at the World Government Summit (WGS) in Dubai. The initiative was launched by Shaikh Hamdan Bin …
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Dubai’s RTA launches $5m challenge for self-driving cars
They will be pre-qualified based on status, credibility, future vision, skills and relevant expertise of the entity and then tested for technical ability and experience, the business case and relevance to Dubai and the UAE and operation and service.
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Dubai hotel rates boosted by returning Russian visitors
We’ve seen it last year in Dubai, where micro markets developed differently. The beach hotels were doing really well, and there was revenue increase year-on-year, whereas Downtown was a bit more subdued,” he said. Subscribe to Arabian Business …
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Dubai exchange explores options as India stops licensing securities abroad
The Dubai Gold and Commodities Exchange (DGCX … and India-related contracts have been a major reason for growth in the DGCX’s business over recent months. The exchange reported earlier that last month was its best January ever for trading volumes …
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Dubai’s Shuaa plans Egypt expansion as economy recovers
has said it plans to expand its capital markets business in the Middle East following a return to profit for the investment bank. Shuaa Capital is assessing potential acquisitions in Egypt’s financial services industry as the Dubai-based firm seeks to …
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DEWA wants more companies to step up to solar
No more than 20 people attended what could well have been mistaken for a routine affair, but the presence of the CEO of Dubai Electricity and Water Authority (DEWA) at the opening of Al Rawdah’s solar facilities was evidence that this was no ordinary …
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Sharjah as Guest of Honour at New Delhi World Book Fair 2019
Sharjah’s efforts in promoting literature, the arts, intercultural appreciation, reading and knowledge sharing in the region and beyond have been recognised as the ‘Guest of Honour’ at the 2019 New Delhi World Book Fair, NDWBF. Sharjah will be …
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Dubai’s first licensed Bitcoin trader: ‘It’s a commodity not a currency’
The licence was issued by the Dubai Multi Commodities Centre (DMCC) under a new regulatory framework it revealed back in November last year, and it allows companies such as Regal RA to buy, sell and store a range of cryptocurrencies such as Bitcoin …
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Emirates NBD ranked UAE’s top banking brand for 2nd consecutive year
Emirates NBD today announced its position as the UAE’s most valuable banking brand with a US$3.534 billion brand valuation in The Banker’s annual brand valuation league table. The bank also secured a spot among the top 100 global banking brands, coming …
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Dubai to establish Gulf’s first solar-driven hydrogen facility
Dubai Electricity and Water Authority (DEWA) has signed a memorandum of understanding with German multinational Siemens to pilot the Gulf’s first solar-driven hydrogen electrolysis facility. The agreement, confirmed on Monday, will see the facility …
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UAE banks see end to $22bn Saudi debt dispute
Banks in the United Arab Emirates are hopeful of recovering some funds in 2018 from the multibillion-dollar collapse of Saudi Arabia’s Saad Group and Ahmad Hamad al-Gosaibi & Bros Co (AHAB) nearly a decade ago, a senior banking official told Reuters.
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