Dubai: Dubai Future Foundation has announced that it will be hosting the EY wavespace centre within Area 2071 in Dubai. The EY wavespace centre is the first of its kind in the Middle East and North Africa region and is part of a global network of EY growth …
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Abu Dhabi Airports opens new sleeping facility for transit passengers
Abu Dhabi: Abu Dhabi Airports announced on Wednesday the opening of Aerotel’s new airport transit sleeping facility at the Abu Dhabi International Airport. Open 24 hours a day, the hotel offers flexible hourly booking slots for transit passengers seeking …
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Viceroy out, Marriott in: Abu Dhabi property set to become a W Hotel
Aldar Properties PJSC has appointed Marriott International to manage its hotel on Yas Island, which is currently flagged as the Viceroy Abu Dhabi. Effective July 1, 2018, Marriott International will assume operations of the Yas Island hotel, which will go …
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Aldar picks Marriott to manage Abu Dhabi luxury hotel
Aldar Properties, a leading developer in Abu Dhabi, UAE, said it has signed up global hospitality giant Marriott International to manage one of its most strategically located hotels on Yas Island. The move comes as part of Aldar’s active asset management …
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Dubai’s Gems Education to freeze teacher salaries
Dubai-based Gems Education has reacted to a government decision to freeze school fees for the next academic year by postponing pay rises for teachers, according to reports. Dubai Executive council approved the recommendation for the 2018-2019 school year …
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Regional IPO expected to pickup in second half
Dubai: Initial Public Offerings in the Middle East are expected … Overall (domestic and cross-border) IPO activity in the Middle East witnessed a slow start, with capital raising amounting to only $263 million (Dh965 million) from six offerings in …
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Dubai International Financial Centre Announces New Fintech Partnership With Startupbootcamp
Dubai International Financial Centre (DIFC) announced on Tuesday it has formed a new partnership with Startupbootcamp to support the development of the growing fintech and venture capital ecosystem in the Centre as well as promote entrepreneurship in the …
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What the new bank fee caps mean for UAE customers
The decision by the Central Bank of the UAE to cap fees and commissions has been lauded by personal finance experts for bringing transparency to the banking industry and ensuring customers are better protected. Under the new guidelines, fees on retail …
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Global financial firms join DIFC community
Dubai International Financial Centre (DIFC), said on Tuesday that three new major international companies; Berkshire Hathaway, State Street Global Advisors, and Maybank Islamic have set up shop in the Financial Centre. Berkshire Hathaway Specialty …
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UAE Central Bank caps retail banking fees in boost to expat-friendly economy
The Central Bank of the UAE said on Tuesday it has set a maximum limit on fees and commissions charged by banks as the country seeks to woo more expatriates and boost non-oil growth. The Central Bank capped fees on retail consumer-related banking services …
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Abu Dhabi International Airport Achieves Sustainability Milestone
Abu Dhabi International Airport (AUH) has earned an accreditation level of ‘reduction’ from the Airports Council International’s (ACI’s) Airport Carbon Accreditation program. The program provides a unique common framework and tools for active …
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Free UAE transit visa for tourists ‘good for economy’
The visa, which can be obtained at express counters across UAE airports, can be extended for up to four days for a minimal fee of Dh50. According to travel specialists interviewed by Gulf News, the announcement has stirred up a lot of interest from …
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Sexual abuses rampant in UAE-controlled prisons in Yemen
The next three days were the same routine. On Fridays, it was time for solitary confinement. From inside a Yemeni prison controlled by the United Arab Emirates — a top U.S. ally — a Yemeni detainee held without charges chronicled torture and sexual …
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Dubai court sentences British twins to six months in jail for assaulting police officer
Two British sisters have been convicted of assaulting a female police officer outside a Dubai nightclub. Alena and Sasha Parker, who are British passport holders but originally from Belarus, were sentenced to six months in prison followed by deportation …
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Dubai’s Emirates to operate one-off A380 to Muscat
Dubai carrier Emirates will operate a one-off Airbus A380 service … Read: Video: Muscat’s new airport readies for first flights It will have 429 economy class, 76 business class and 14 first class seats. “It is a very important destination for …
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In the zone – Doing business in Dubai
On behalf of New Business, Kitty Vine of Markettiers, interviews Guatam Sashittal, the chief exec of Dubai Multi Commodities Centre, for New Business The DMCC Free Zone is home to over 14,000 businesses, ranging from multinational corporations to start-ups …
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Dubai-based Abraaj has restructuring approved by Cayman Islands court
Dubai: The Grand Court of the Cayman Islands has appointed … to appoint David Soden and Stuart Sybersma of Deloitte as joint provisional liquidators of the fund management business, Abraaj said in a statement. “This order validates the position …
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