Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, has launched the Marmoom Reserve project, the first unfenced desert conservation reserve in the country. The reserve spans 10 percent of the emirate of Dubai …
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Dubai Islamic Bank Announces Full Year 2017 Financial Results
Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the … Full Year 2017 Results Highlights Profitability remains on a robust northbound trajectory driven by core business growth and effective cost management Financing continues to drive balance …
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Dubai office supply forecast to top 9m sq m by end-2018
Therefore, the majority of upcoming offices are concentrated in established commercial areas such as Tecom, the DIFC, and Business Bay. Future office supply in Dubai is expected reach 9.13 million sq m and 9.28 million sq m at the end of 2018 and 2019 …
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Dubai’s Jumeirah appoints Four Seasons VP as new CEO
Dubai hotel company Jumeirah has announced the appointment of former Four Seasons vice president Jose Silva at its new chief executive officer. He previously served as regional vice president for France, Switzerland, Spain and Portugal at Four Seasons and …
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Dubai Financial Market launches allocation service
Dubai Financial Market (DFM … funds and further promote their participation especially that it complies with their way of doing business.” The exchange said it had set comprehensive regulation governing the new mechanism including timeframes of …
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Dubai Islamic Bank net profit up 11% on core business growth
Dubai Islamic Bank, the largest Islamic bank in the UAE, on Wednesday recorded 11 per cent growth in net profit in 2017, driven by core business growth and effective cost management. DIB said its net profit crossed Dh4.5 billion while total income exceeded …
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UAE Ministry of Finance Participates in Third Meeting of Arab Ministries of Finance
The third meeting of Undersecretaries of Arab Ministries of Finance of Arab countries has commenced in Abu Dhabi this morning, and will be held for two consecutive days. The meeting, organised by the Arab Monetary Fund (AMF) was held in cooperation with …
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Sharjah Int’l re-opens Duty Free area after major revamp
The revamp includes new internationally-recognised brands, in addition to its original nine stores and extends over a total area of 1,800 square metres, state news agency WAM reported. The renovation project is part of Sharjah International Airport’s …
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Sharjah International Airport Opens Newly Renovated Duty-Free Shops
Sharjah International Airport re-opened its Duty-Free shopping area yesterday, following extensive renovations, attracting internationally-recognised brands, in addition to its original nine stores and extends over a total area of 1800 square meters. The …
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Abu Dhabi rent and sales prices: Full year 2017 and 2018 predictions
Bayut.com, a prominent UAE property portal, launched their Year-on-Year real estate report with a focus on the Abu Dhabi residential market’s ready properties. The most in-demand area for both renting and buying flats in the UAE capital this year is Al …
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Abu Dhabi kicks off competition for developer on desal mega project
Abu Dhabi Water and Electricity Authority (ADWEA) has requested expressions of interest (EoIs) on a 200 million gallons a day (909,000 m3/d) mega desalination project, reports Emirates news agency WAM. The capacity will comprise two reverse osmosis …
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UAE Ministry of Finance Participates in the Third Meeting of the Undersecretaries of Arab Ministries of Finance
The third meeting of Undersecretaries of Arab Ministries of Finance of Arab countries has commenced in Abu Dhabi this morning, and will be held for two consecutive days. The meeting, organised by the Arab Monetary Fund (AMF) was held in cooperation with …
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Under the Patronage and Presence of H.H Ruler of…
The forum aims to come out with a document conveying an Arab vision on the concept of cultural heritage in Arab world Under the patronage of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Member of the Supreme Council, Ruler of Sharjah, ICCROM’s …
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Revealed: how far did Dubai property rents, prices fall in 2017?
The rate of decline in residential property prices across key communities in Dubai has slowed over the last 12 months in comparison to 2016, while rents have continued to decline and led to yield compression in most communities, according to new figures …
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UAE approved world’s two largest solar projects in 2017
The UAE was among the world’s largest investors in clean energy last year after giving the go ahead for the two biggest solar projects globally, according to Bloomberg New Energy Finance (BNEF). The emirates saw a 23-fold increase in investment to $2.2bn …
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Meet Dubai’s Bint Shaheen, world’s first camel born from frozen sperm
She was strong and was already nibbling and trying to nurse within hours of being born,” Dr Mushtaq Ahmad, one of the veterinarians who worked on the project, told Gulf News during a visit to the centre located in Wadi Safa near Dubai Hills. Dr Jahangir …
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How to get UAE residence visa for your parents in Dubai
Taking care of your elderly parents can be difficult when they are in a different country, especially if you and your family have settled to a long stint in the UAE. Here’s how you can get a residence visa for your parents: Note: This is an informative …
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