The Business Registration & Licensing (BRL) sector in the Department of Economic Development (DED), Dubai, has launched ‘e-Trader,’ a first-of-its-kind initiative in the region, which will allow Emiratis and GCC citizens in Dubai to conduct business …
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Dubai's ruler orders men who fed cat to dogs to clean zoo
Three men accused of feeding a cat to hungry dogs have been ordered by Dubai’s emir to clean its zoo for four hours a day for the next three months. In a video of the incident, a man can be heard encouraging two dogs to drag the cat from an open cage to …
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UAE commercial ship hijacked by Somali pirates
A commercial vessel, believed to be operated by a company based in the UAE, has been hijacked off the coast of Somalia … of Foreign Affairs said in a statement obtained by Gulf News. “The Ministry continues to remain in touch with the shipping agents …
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66% of UAE fires occurred in homes in 2016
Abu Dhabi: Sixty-six per cent of the fires across the UAE in 2016 occurred in homes, Civil Defence officials said at an exhibition held in Al Mushrif Mall in Abu Dhabi on Tuesday. The exhibition, titled ‘Smoke detector is your home protector …
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Dubai Properties’ versatile 22,000+ unit residential leasehold portfolio responds to Dubai Market Dynamics
Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager’s leasehold portfolio continues to address market demand through its wide ranging built-to-lease communities comprising more than 22,700 residential units.
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Dubai's ruler orders men to clean zoo for feeding cat to dog
DUBAI, United Arab Emirates – Dubai’s ruler has ordered three men who filmed themselves feeding a live cat to a starving dog to clean the city-state’s zoo for four hours a day for the next three months. Sheikh Mohammed bin Rashid Al Maktoum said in a …
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Blockchain technology cuts through the hurdles to simplify everyone’s lives
The UAE is heavily involved in the promotion of Blockchain technology. Firstly the Global Blockchain Council was set up by the Dubai Futures Accelerator comprising well-known players such as Etisalat, Emirates NBD, du, Dubai Multi Commodities Centre …
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Stricter UAE bank rules against money laundering hurt SME borrowing
Anti-money laundering regulations that are increasingly being strengthened by UAE banks are making it more difficult for small and medium-sized businesses to tap debt, according to the accountancy firm KPMG. SMEs have struggled to get financing in recent …
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UPDATE 1-Qatar exchange says IPO requires decision by shareholder -CEO
(Corrects headline and lead after company clarifies CEO comments on IPO) DUBAI, March 14 (Reuters) – The chief executive of Qatar Stock Exchange said on Tuesday any initial public offering of its own shares would require a shareholder decision. “There are …
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Dubai issues new law on real estate fees
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council issued Executive Council Resolution No. (5) of 2017 pertaining to the refund of fees collected for exceptions from planning and …
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How Expo 2020 will boost Dubai's property market
Dubai world expo 2020 will be the first large-scale international event to take place in the Middle East. The UAE should be proud of it. Dubai authorities have already pledged to organise it in a manner befitting of an international-level event. The six …
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Damac Properties Dubai PSC : mandates banks for US dollar debts – Agency
Dubai – Mubasher: Damac Properties has mandated banks for the sale of a US dollar-denominated debt, Reuters reported on Monday. The company has a $100 million sukuk issue maturing on 21 March and a $650 million sukuk issue maturing in 2019, the news agency …
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wasl Launches Karama Bazaar
wasl Asset Management, one of the largest real estate development and management companies in Dubai, has announced the launch of wasl Karama Bazaar, which will provide free stalls for Emirati small business owners. The event will be hosted at the Karama …
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Claims the design of new iconic skyscraper, the Dubai Frame, was stolen
“What do you do when the independent government agency trusted by the ruler of Dubai to regulate and monitor the real estate developer’s performance actually participates in a cover-up operation that deprives investors of their rights?” Oye sai
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Noor Bank partners with DAMAC Properties to offer home financing on select luxury residential units
The real estate industry represents one of the main pillars of the … on 4 February at an exclusive event at the DAMAC Hills Sales Center in Dubai. In addition to preferential pricing, the bank offered personalised service, discounted processing fees …
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Danube Properties unveils $82m project in Dubai
Dubai-based developer Danube Properties launched today its new $82m (AED300m), G+4 realty project called ‘Resortz’. The development project, planned for Dubai’s Arjaan neighbourhood, will consist of 444 units – 25 of which will be retail shops …
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DAMAC Properties Dubai (DAMAC:DU) Heffx Trading Outlook
Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. The projected upper bound is: 2.87. The projected lower bound is: 2.66. The projected closing price is: 2.76. A big black candle occurred.
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