LONDON/DUBAI Dubai is looking into creating a $1 billion investment fund focused on shipping to develop the Gulf city’s maritime sector and ride out a global industry downturn, three finance sources familiar with the plans say. The sources said the Dubai …
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Paid parking hours for Ramadan in Abu Dhabi announced
Abu Dhabi: Residents will have fewer hours per day for parking in the capital during Ramadan, the Department of Municipal Affairs and Transport announced in a statement sent out on Wednesday. According to the emirate’s transport sector regulator …
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Popular leisure destination to open in capital next year
Abu Dhabi: KidZania is set to bring its unique edutainment concept to Yas Mall, Abu Dhabi early next year. Since its launch at The Dubai Mall, KidZania has become a must-visit leisure and learning destination for little ones. It offers an ultra-realistic …
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Imagine Abu Dhabi Attracts 4,900 Ideas
The initiative, “Imagine Abu Dhabi” that was launched by Abu Dhabi government in celebration of the golden jubilee of the establishment of the emirate government system, has attracted approximately 4900 submissions, ideas and suggestions that support the …
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Abu Dhabi creates will registry for expats
Abu Dhabi Judicial Department, counsel Yousef Saeed Al Ibri, said in a statement on Tuesday it would allow wills to be registered in English for the first time, making them available to the public. Expats would also be able to specify who they want their …
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Abu Dhabi Police ban heavy vehicles on roads during Ramadan at peak hours
The General Command of Abu Dhabi Police has decided to ban heavy vehicles, trucks and workers’ buses transporting more than 50 passengers, at peak hours on the roads during the holy month of Ramadan. The move comes within the framework the Command’s …
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Mediclinic holds dividend as strong Switzerland offsets Abu Dhabi dip
Thiqa patient volume declines were greater than other insurance categories in Abu Dhabi with inpatients down 33% and outpatients … trade as investors sifted through a raft of corporate news and digested a downgrade of China’s credit rating.
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Abu Dhabi landmark buildings lit up with colours of British flag in solidarity with city of Manchester
A number of landmark buildings in Abu Dhabi have been illuminated with the colours of the Union Jack flag, in solidarity with the city of Manchester, following the terrorist attack there. The initiative emanates from the UAE’s solidarity and from its firm …
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Abu Dhabi economy showing signs of recovery, says official
The twofour54 free zone for media firms, now based in Abu Dhabi city, will move to nearby Yas Island where the Formula One circuit is located. Companies that are already set up in the free zone include CNN and Sky News Arabia. The first phase of building …
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Dubai Properties in ‘game changer’ partnership deal
Dubai Properties, one of the largest fully integrated real estate and community development businesses, said it has entered into a key partnership with real estate marketplace Realopedia and e-commerce giant Souq.com to market its wide portfolio of …
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Dubai’s Emaar buys Namshi stake after Amazon buys Souq.com
Coming two months after Amazon agreed to buy Souq.com, the transaction is expected to provide much-needed support for Emaar Properties founder and chairman Dubai billionaire Mohamed Alabbar’s new technology vehicle Noon.com, a venture with Saudi Arabia’s …
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UAE Showdown: Emirates Business Class Vs. Etihad Business Class
The seat and wifi are better, and I appreciate that they offer dine on … fantastic entertainment system, and superior lounge in Dubai. I can’t stress the awesomeness of Emirates’ onboard bar enough, so for a daytime flight that may very well make …
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Night swimming beach opens to public in Dubai
Dubai: Dubai Municipality declared open Dubai’s first “night … ‘smart’ changing rooms and ‘smart’ palms that provide free WiFi service. Nelepa said that night swimming would be allowed on a 125-metre stretch on the beach and 30 metres into …
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Dubai taxi plate owners to receive $9m in bonuses
Dubai Taxi Corp has recently been investing in its fleet and announced plans to introduce smart screens and WiFi on some vehicles at the end of last year.
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UAE’s credit appetite on the rise on improving business outlook
Dubai: Loan demand across all segments witnessed improvement in the first quarter of 2017 reflecting the recovery of the oil price and the moderation in the pace of fiscal consolidation, according to the Credit Sentiment Survey of the UAE Central Bank.
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Dubai property sales ‘likely to stay steady during Ramadan’
With Dubai reporting a 45 per cent surge in the value of property transactions during the first quarter compared to last year and agents optimistic that current prices will prove too tempting to resist for the many investors currently sitting on cash, this …
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Abu Dhabi economy shows signs of recovery
That was up by 8 per cent over the 2015 figure. Property is one of the main sectors when it comes to investment in Abu Dhabi, he said, but the emirate is broadening that out into industries such as finance and hospitality. Abu Dhabi’s economy was hit …
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