Emicool provides district cooling services to neighbourhoods such as Dubai Motor City, Uptown Mirdif, and Damac Hills, and expects to increase its plant capacity to 500,000 refrigeration tonnes (TR) by 2020. Subscribe to Arabian Business’ newsletter to …
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Dubai Industrial Park awards contract for $37m infrastructure works
“Dubai Industrial Park is committed to meeting the requirements of its business partners and enabling them to take advantage of available opportunities in contributing to the UAE’s economic diversification,” said Dubai Industrial Park chief operating …
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Family rescued from boat near Business Bay Bridge in Dubai
The Dubai Police rescued a family of four from a boat that drifted into the canal near Business Bay Bridge in Dubai. Lt Col Ali Abdullah Al Qassaybi Al Naqbi, head of maritime rescue at the Dubai Police, said that one of the injured stuck in the boat was …
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Whistleblower claims E&Y turned a blind eye to Dubai firm he says painted 5 tons of gold to look like silver
Rihan led the E&Y team that audited Dubai-based Kaloti group … checks done to establish whether it had come from a conflict zone, and that Kaloti did business with several organisations listed by US authorities as fronts for terrorism and organised …
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UAE invites West Bengal CM Mamata Banerjee to Dubai Business Summit
KOLKATA: The United Arab Emirates (UAE) has invited West Bengal Chief Minister Mamata Banerjee to a business summit in Dubai, a senior state government official said today. Under secretary of foreign trade and industry of the UAE has written to the Chief …
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Review: Emirates business class lounge, Dubai Airport Concourse B
Receive 100,000 bonus Qantas or Altitude Points when you spend $5,000 on eligible purchases with a new Altitude Black credit card within 90 days of card approval. $250 first year annual fee (save $145 in first year). Offer ends 31 January 2018. Conditions …
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Dubai Investments buys 50% stake in Emicool for Dh500m
Upon notifying Dubai Investments of its plan to sell its stake, the conglomerate exercised its right as a partner in the business to buy the stake it doesn’t already own, Union Properties said. The final legal steps of the deal to give Dubai Investments …
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UAE-backed group vows to ‘overthrow’ Yemen’s government
Zubaidi was initially rewarded and made governor of Aden by Hadi, but soon fell out of favour after reports emerged he was receiving patronage from the UAE to campaign for secession. The Middle East Eye news website, quoting sources, reported that Hadi was …
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Dubai property prices to rebound in 2018, says new report
The latest edition of Propertyfinder’s ‘trends’ report notes that the sale prices of apartments have been falling with low, single digit declines across most areas of Dubai. Similarly, villa prices experienced significant declines, particularly in …
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Is 2018 The Year of Turnaround for Dubai Property Prices?
According to analysis in Propertyfinder Trends, property prices are ripe for a rebound. Oil may command $80 a barrel by year’s end, according to a report by Barron’s, and given its importance to this part of the world, it would not be the only rally we …
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How far gold prices in UAE will rise this week
Dubai: Gold jewellery buyers in the UAE can expect some price increases this week as the precious metal continues to ride on dollar weakness and stays firm amid a government shutdown in the United States. Spot gold held steady on Monday at $1,331.57 an …
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Dubai bank acquires Amazon’s new logistics centre
Dubai investment bank Rasmala has acquired two logistics facilities in Germany for $185 million (€154 million), including Amazon’s major new logistics centre in Dortmund. The Amazon centre, which spans 88,000 sq.m, was acquired for $145 million.
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CBI appoints Zainal as head of retail banking
COMMERCIAL Bank International (CBI), a UAE bank headquartered in Dubai, announced the appointment of Shaker Zainal as the head of retail banking. A seasoned Emirati banking executive with almost 20 years of experience in retail banking across the Middle …
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How many days of cold left for the UAE?
Dubai: The weather across the UAE became a lot colder than usual as areas in the eastern region reached temperatures below 10 degrees Celsius. Jebel Jais was the coldest area on Monday at a cool 4.8C. The other four areas which topped the coldest places in …
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Dubai to host conference focused on land-related issues
Dubai will host the first Arab Land Conference in late February, the Dubai Land Department has announced. The conference – which will take place between February 26 and 28 – will address a variety of land-related issues facing the region, including how …
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Review: Emirates First Class 777 Colombo To Dubai
Most of Emirates’ 777s have wifi, and as of last summer they increased the wifi … Emirates first class coffee and cookies At 12:15PM in Dubai there was an announcement from the first officer that we’d be landing in about 45 minutes.
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Oracle opens innovation hub in Dubai
US technology giant Oracle on Sunday announced the opening of an innovation hub in Dubai to drive the implementation of artificial intelligence (AI) across the country’s businesses, public sector and academia. Inaugurated by Omar bin Sultan Al Olama …
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