The property prices across Dubai, UAE, witnessed a marginal drop as fresh supply in the apartment, villa and commercial segments continued to place downward pressure on rental rates and sales prices, according to a report. This trend will continue as the …
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Dubai: UK journalist charged with wife’s murder
A British journalist at a newspaper in Dubai has been charged with murdering his wife, the emirate’s government says. Francis Matthew, editor-at-large of Gulf News, was arrested after his wife Jane Matthew, 62, died on 4 July. The Government of Dubai’s …
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British expat, 60, who told police his wife was murdered by burglars ‘confesses that he killed her by throwing a HAMMER at her during a row at their home in Dubai’
A British newspaper executive has confessed to killing his wife by throwing a hammer at her during a row, authorities in Dubai said yesterday. Francis Matthew, editor-at-large of the Gulf News, called police last Tuesday, claiming his 62-year-old wife Jane …
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UAE’s Oil Firm ADNOC Mulls IPOs, More JVs
ADNOC, however, stressed that there are no plans for an IPO of ADNOC itself, the group holding company … and securing greater access for ADNOC products in key growth markets, the UAE’s company said. ADNOC will also be looking to deepen its existing …
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Adnoc eyes partnerships and IPO of subsidiaries
DUBAI: Abu Dhabi National Oil Company (Adnoc) said on Monday it is considering an initial public offering (IPO) of minority stakes of some of its services businesses. The company is also expanding its partnership model to target investment opportunities in …
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Qatar central bank says country has $340 billion in reserves, can weather Arab sanctions
DUBAI Qatar has $340 billion in reserves that could help the Gulf country to weather the isolation by its powerful Arab neighbors, central bank governor Sheikh Abdullah Bin Saoud al-Thani said. “This is the credibility of our system, we have enough cash to …
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Growth in Dubai’s private sector gathers steam during June
The improvements in the overall business conditions in Dubai’s non-oil private sector gathered steam in June, according to a new report. The seasonally adjusted Emirates NBD Dubai Economy Tracker Index rose to 56.5, up from May’s seven-month low of 55 …
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Is your employer asking for bank statement? Here’s what to do
You may advise your employer that you will not provide your personal bank account statement. However, you are willing to provide the same to the authorities in the UAE, if asked by the authorities. The detention of a passport by the employer against the …
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Return on investment for UAE property still strong
The UAE real estate market has witnessed a balancing act in the first half of 2017, according to new research by property portal Bayut.com. Despite both sale and rental prices in Dubai and Abu Dhabi witness a small dip, the market still represents a rich …
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UAE’s main state oil company eyes partnerships, share float
The United Arab Emirates’ main state oil company said on Monday that it is seeking to create joint ventures with international investors and is considering floating shares in some of its businesses in an effort to raise billions of dollars. The Abu Dhabi …
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Adnoc eyes partnerships, IPO of subsidiaries
Dubai: Abu Dhabi National Oil Company (Adnoc) said on Monday it is considering an initial public offering (IPO) of minority stakes of some of its services businesses. The company is also expanding its partnership model to target investment opportunities in …
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Abu Dhabi’s Oil Producer May Sell Shares in Units to Expand
Abu Dhabi National Oil Co. may sell minority stakes in some of its service units and will seek international partners as the producer of most of the crude in the United Arab Emirates seeks to boost growth and expand operations. The company known as Adnoc …
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Business Activity in Dubai Improves; Jobs Creation Marginal
The improvements in the overall business conditions in Dubai’s non-oil private sector gathered steam in June, with the seasonally adjusted Emirates NBD Dubai Economy Tracker Index – a composite indicator designed to give an accurate overview of …
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Blaze hits Dubai apartment building
Dubai: A fire erupted at a residential building in the Al Muraqabbat area of Dubai on Sunday. Dozens of families were evacuated from the four-storey building when the fire broke out at 3.16pm. The blaze was brought under control by Dubai civil defence at 3 …
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More rain, wind, and dust to hit UAE
Dubai: While dust and sand will affect various parts of the UAE, the weather forecast for the eastern region is the opposite – with more rainfall on Sunday. The National Centre of Meteorology and Seismology (NCMS) expects temperatures in the coastal …
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UAE No Paradise for Migrant Workers
A glittering metropolis rising from the desert has all the makings of a mirage, and many heading to the United Arab Emirates for work know to keep it that way. Karen Young did. She was a political science professor at the American University of Sharjah …
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Dubai’s white point system to be rolled out across UAE
The white point system – currently being implemented by the Dubai Police – will now be rolled out all across the UAE. The system will not only reward points to good drivers but also honour them for abiding by traffic laws, said Major Mohamed Saif Al Zafin …
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