The Dubai Police, in coordination with the UAE Ministry of Interior and Oman authorities, have arrested a gang of 10 Africans who robbed Dh3.6 million from a money exchange on Wednesday, February 15. The police have recovered the money within 46 hours.
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Dubai's financial centre could top 2024 targets -exec
DUBAI Feb 20 Dubai International Financial Centre could beat its target of more than doubling the number of financial firms registered within it by 2024 if interest continues from markets such as China, India and the Middle East, the governor of the …
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Dubai Properties’ La Quinta at Villanova achieves record sales amid increasing demand for larger, family-style homes
Dubai Properties (DP), a leading real estate master developer and asset manager in the Emirate, has announced that the launch of La Quinta, the second phase of the elegant and vibrant Villanova residential master community in DUBAILAND, received a …
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Dubai Properties launches new project amid demand
Dubai Properties (DP) has announced the launch of La Quinta, the second phase of its Villanova residential master community in Dubailand, amid increasing demand for larger, family-style homes. Receiving a positive response from investors after launching …
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Contador to work for Mollema in Abu Dhabi Tour
“I’ll be delighted to help him. The fact that we are both there creates an ideal situation.” Abu Dhabi will be the first time where Mollema and Contador take part as Trek-Segafredo teammates, with Contador explaining to MARCA that although his base form is …
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Abu Dhabi oil firm gets major investment from China
ABU DHABI, U.A.E. – As Abu Dhabi, that has nearly 6 percent of the global crude oil reserves, looks eastward for investment, it has managed to attract China National Petroleum Corp. that has poured in a huge sum into ADNOC. Abu Dhabi National Oil Co. has …
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Australia and the United Arab Emirates to explore closer defence ties
AUSTRALIA and the United Arab Emirates (UAE) will explore closer defence ties after a meeting between Defence Industry Minister Christopher Pyne and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan. Mr Pyne and Sheikh Mohammed, who is also Deputy …
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Dubai Chamber outlines new objectives to support growth
The strategy aims to promote Dubai as a global business hub, create a favourable business environment and support the development of business in Dubai. Under the strategy, six initiatives were outlined to ensure that the Dubai Chamber supports the …
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Brexit jitters already steering more UK investors to Dubai
According to UAE listings portal, propertytrader.ae, the prolonged and uncertain nature of the so-called Brexit is finally pushing UK buyers to find somewhere stable to invest, away from home and Europe, and Dubai seems to be the obvious choice.
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UAE Central Bank announces banking developments
he UAE Central Bank has announced that the money supply aggregate, M1 (currency in circulation outside banks and monetary deposits in current accounts and call accounts at banks), increased by 1.3 percent, from AED474 billion at the end of December 2016 …
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DAMAC Properties هnaugurates Trump International Golf Club Dubai at DAMAC Hills
In celebration of the opening of the Trump International Golf Club Dubai at DAMAC Hills, DAMAC Properties led a golf course tour, with guests of honour including Eric Trump and Donald Trump Jr. Hussain Sajwani, Chairman, DAMAC Properties, said: “It is an …
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Australia and UAE to deepen defence ties
Australia and the United Arab Emirates (UAE) will explore closer defence ties after a meeting between Defence Industry Minister Christopher Pyne and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan. Mr Pyne and Sheikh Mohammed, who is also Deputy …
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Trump sons open Dubai golf course, praise U.S. ally
DUBAI (Reuters) – U.S. President Donald Trump’s eldest sons Donald Trump Jr. and Eric Trump were guests of honor at the opening of a Trump-branded golf course in Dubai on Saturday, the first Trump property project launched since their father’s inauguration …
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Abu Dhabi announces 5-year environment strategy
Abu Dhabi: The Environment Agency – Abu Dhabi (EAD) has launched its new Strategic Plan 2016 – 2020, which defines the strategic initiatives that contribute to the Abu Dhabi Plan and the successful implementation of its priorities. The strategy, …
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Bank of Singapore to use Dubai as base to attract Middle East, Africa wealth
DUBAI The private banking arm of Singapore’s second-biggest lender OCBC (OCBC.SI) is targeting annual growth of assets of more than 20 percent from its new office in Dubai, which it aims to use to attract wealthy clients from the Middle East and Africa …
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Currency fluctuation hits Dubai property market
An analysis of major cities that rely on foreign inflows for real estate purchases have shown mixed trends on the fluctuation of the dollar, said a report by property experts. There is a moderately strong inverse correlation between money flows in the …
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KFH participates in 2017 IIF MENA Financial Summit held in Dubai
KUWAIT: Group Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al- Nahedh stressed the importance of practically facing the economic challenges facing the GCC banks in light of the fall in oil prices, indicating the necessity of applying …
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