Dubai: Congestion at five key traffic hotspots in Dubai will ease by early next year as work has begun to ensure free flow of traffic, the Roads and Transport Authority (RTA) announced on Saturday. Among the spots that will get some relief are Al Khail …
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Shah Rukh Khan and Anushka Sharma charm UAE fans
It was better late than never for the thousands of screaming fans who got a chance to rub shoulders with their beloved Bollywood idol, Shah Rukh Khan, in Dubai on Saturday at the Vox Cinemas at the City Centre Deira. Khan turned up at least three hours …
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How Fugitive Billionaire Guo Wengui Lured Abu Dhabi Investors Into the Mire
“Abu Dhabi will do what we say,” said Guo at that time … former financial chief of Beijing Pangu Investment Co., a property company controlled by Guo. “We transferred the money back to China within three days (after the fund arrived),” Yang …
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Abu Dhabi Police arrest drug dealer seeking to sell 3kg of heroin
Abu Dhabi: Abu Dhabi Police arrested a suspected drug dealer of Asian origin who had 3 kilograms of heroin in his possession. Colonel Taher Ghareeb Al Dhaheri, Director of ADP’s Drug Control Department, said that they got information about a suspicious …
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Artificial intelligence: How it’s transforming financial services in UAE
Being around for more than 60 years, artificial intelligence (AI) is now a part of our daily lives – be it chatbots, robo advisors, cognitive computing and much more that act as an aid to many financial institutions. For many businesses transforming …
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PropTech revolution has arrived in the UAE, study finds
PropTech to disrupt real estate market The UAE findings reinforce forecasts that in the wake of the revolutionary change that financial technology (FinTech) is having on the banking sector, PropTech will similarly disrupt the property sector. Property …
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Dubai salesman jailed for defrauding bank of Dh180,000
Dubai: A salesman has been jailed for six months for defrauding a bank of Dh180,000 in personal loan and credit card using forged papers within two months. The 39-year-old Pakistani salesman approached the local bank’s Sudanese sales representative and …
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Winner of Dubai Municipality’s Grow Your Garden campaign
Dubai: Indian expatriate Sam George Abraham and wife Bindumol’s home farming was so impressive that the Dubai Municipality declared them winners in its Grow Your Food campaign in May. The couple received a Dh5,000 cash prize for growing 10 varieties of …
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Firefighters honoured for rescuing residents from burning Abu Dhabi apartment
Abu Dhabi: A team of firefighters who last week rushed to the scene of a burning residential apartment in Abu Dhabi were honoured for their brave efforts in putting out the fire and helping secure the safety of the building’s residents. The incident …
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Abu Dhabi police detain man with 3 kg heroin
Colonel Taher Ghareeb Al Dhaheri, Director of Abu Dhabi police’s Drug Control Department, said that they had information about the man trying to sell heroin capsules in the United Arab Emirates’s capital, the news report said on Saturday. The drug dealer’s …
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Before taking off to Abu Dhabi, Katrina Kaif to fly down to Mumbai for 2 days workshop
Interestingly, before taking off to Abu Dhabi, Katrina Kaif will be doing a quick two days workshop in Mumbai for Aanand L Rai’s movie. While Katrina Kaif will be joining Rai’s movie once she has wrapped up TZH, the prep for the movie will begin in advance.
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A family office spin-off runs a hedge fund that invests like institutions
Dover then moved to Dubai with his wife, and there, received interest from GCC-based families as well. So in late 2015, he spun out of the family office to focus on managed accounts for these families, and launched the Heirloom Investment Fund in June 2016.
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Is This Oil Price Rally Sustainable?
citing tougher disclosure rules in the U.S. The final decision for the estimated $100 billion IPO is not expected until later this year. UAE: We will increase compliance. The UAE said that it would cut production deeper in the near future in order to boost …
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3D printing: Is the construction sector catching up?
One key issue, according to Fahmi Al-Shawwa, CEO of Immensa Technology Labs – a UAE based 3D printing company – is the commercial viability of construction related 3D printing. The number one challenge is cost, agrees Thasarathar. “Who is going to …
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UAE asks banks to freeze accounts of those named on Qatar-linked blacklist
Doha denies the claims. In a circular, the UAE watchdog asked banks and financial institutions to “start immediate search for and freezing of all bank accounts, investments, and deposits that may be held by any individual or entity” included on the …
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Ras Al Khaimah Properties : RAK Properties’ earnings soar on increase in off-plan sales
“With proven excellence in a wide range of projects, the leading property developer is expected to announce additional residential, hospitality and retail projects to further its growth this year.” At the Cityscape Abu Dhabi property exhibition in March …
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Norway’s wealth fund buys property in central Paris
OSLO, July 28 (Reuters) – Norway’s sovereign wealth fund has agreed to pay 462.2 million euros ($541.28 million) for a property in central Paris owned by subsidiaries of Abu Dhabi Investment Authority, it said on Friday. The property comprises 24,500 …
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