Abu Dhabi, Dubai and a host of other Gulf cities have become less expensive … low inflation and fluctuating prices for goods and services were impacting the cost of doing business in some cities. Four of the world’s five most expensive cities were …
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UAE airline alerts flyers: Beware of strict baggage policy
Dubai: UAE-based carrier Etihad has announced that it is strictly … economy class flyers are allowed to bring into the cabins only up to seven kilos of luggage, while business-class passengers can enjoy up to 12 kilos of allowance. The airline said …
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Abu Dhabi International Airport enhances traveler experience this summer season
“Abu Dhabi Airports prioritizes passenger safety above all else. We have worked hard to add the element of utmost convenience to this, to ensure that all passengers passing through Abu Dhabi International Airport have a truly world class experience …
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UAE Food Bank distributes 73,200 food packets during Ramadan 2018
DUBAI, 24th June, 2018 (WAM) — The UAE Food Bank distributed 73,200 food packets during the Holy Month of Ramadan this year, which included 49,700 iftar kits and 23,500 suhoor meals. The food distribution was organised in cooperation with a group of …
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Outgoing envoy hails Canada, UAE relations
“That was the first time I visited Dubai — we used to come for little trips, to go out, do some shopping and to experience this great city,” he told Gulf News. While he is eager to work in his home country after a long tour of duty, he said he will …
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Two bullies convicted in Abu Dhabi mall assault
Abu Dhabi: Two teenagers were put under a 24-hour surveillance system for one year after the court found them guilty of assaulting a child in a shopping centre. The Abu Dhabi Judicial Department convicted the two juveniles on Monday for jeopardising the …
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Abu Dhabi Art Announces Guest Curators And Commissioned Artists For 10th Edition
Abu Dhabi Art today announced details of its 10th edition, which will run from November 14th to 17th at Manarat Al Saadiyat. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander …
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Hedge Funds Alleging $1.5 Billion Fraud Fear They’ll `Bleed Dry’
This month, Dubai-based Abraaj Group, which once managed almost $14 … friends and business associates to siphon money from the fund. The hedge funds originally estimated the alleged fraud by IREO executives at about $147 million, but upped that estimate …
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Dubai Properties flagship project ‘top attraction at China expo’
Dubai Properties, a member of Dubai Holding, said its upscale projects have received an overwhelming response from the investors and potential buyers in China during its participation at Luxury Property Showcase (LPS) Beijing 2018. The leading luxury …
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Bitfury opens Dubai office
Dubai: The Bitfury Group, a blockchain technology company, has expanded its operations into the UAE by opening an office in Dubai at the Dubai Design District. George Kikvadze, executive vice-chairman of Bitfury, said the new office opening will advance …
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Dubai bourse hits its lowest since Jan 2016
Concerns about Drake & Scull’s business outlook and ongoing investigations against its previous management are weighing on the stock, traders said. The stock is down over 60 per cent so far this year. The Dubai index fell 2.1 per cent to close 2,868 …
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Drive to prevent mosquito breeding in Abu Dhabi
Abu Dhabi: The Centre of Waste Management — Abu Dhabi (Tadweer) on Monday launched a campaign to prevent mosquito breeding in Abu Dhabi and to create awareness among residents. Some malaria cases were found in Musaffah in Abu Dhabi where mostly workers …
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UAE investors await firms’ disclosures on Abraaj exposure
Dubai Financial Market (DFM) closed at 0.03 per cent to 2,929.06 points, and the Abu Dhabi Securities Exchange (ADX) levelled up 0.34 per cent to 4,550.51 points on Sunday. The UAE bourses are likely to maintain the sideways trend this week amid cautious …
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Abu Dhabi finance hub ADGM to regulate crypto assets
Abu Dhabi Global Market (ADGM), the emirate’s finance hub, has launched a new framework to regulate … In April, a joint venture in Dubai launched three cryptocurrency assets backed by diamonds. Al Kasir Group, which said it is part of a joint venture …
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7 in 10 UAE residents on holiday risk these
Dubai: Financial advisors have said time and again that people should obtain an insurance before hopping on a plane to visit another country. However, a new research found that almost seven in ten UAE residents go on holiday or business trip without …
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Dubai Financial Market distributes AED15.8 billion of cash dividends in 2017
DUBAI, 25th June, 2018 (WAM) — As part of its leading investor and issuer services, Dubai Financial Market (DFM) has successfully accomplished the cash dividend distribution for the financial year 2017. As much as AED15.8 billion been disseminated to …
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UAE, Saudi firms willing to loosen purse strings to expand
Dubai: Middle East businesses are confident in the economic growth prospects for the year ahead and executives are willing to invest further in their businesses, according to the 2018 Global Business & Spending Outlook, a survey released today by American …
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