The Trump Organization’s business partner in Dubai has signed an agreement to help develop a waterfront project in Oman valued at $1 billion. The state-run Oman News Agency reported that DAMAC Properties chairman Hussain Sajwani signed the deal in Muscat …
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“Unlawful” sukuk threaten Dubai’s Islamic finance ambitions
* Dana Gas seeking to have $700 mln sukuk declared invalid * Says Islamic finance has evolved since they were issued * Could increase perceived risk of sukuk issued in UAE * Dana seeking ruling in UAE court * Creditors would prefer English courts By …
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Aldar Properties : ADX marginally rises at Tuesday’s open
The Abu Dhabi Securities Exchange (ADX) saw a positive performance in Tuesday’s early trades. The main index rose 0.09% or 3.96 points to reach 4,495.25 points by 11:05 am UAE time. The real estate sector grew 0.66% as Aldar Properties went up 0.85%.
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Aldar Properties : Developer Aldar on track with Reem Island projects
Abu Dhabi-based developer Aldar is on track with the construction … which will add to the 5,000 homes already within its leased residential portfolio. [[banner]] Residential properties include The Bridges, mid-market homes featuring studios to three …
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Dubai is embracing electric, driverless transport big time
Dubai is on a roll to become one of the early adopters. It is introducing electric, driverless transport in a big way and ahead of the world’s major cities. These are the number of ways that Dubai — which lies at the heart of global fossil fuel trade …
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Dubai and Abu Dhabi turn costlier for expats
Dubai: Dubai and Abu Dhabi have moved up in the rankings for … such as limitations to certain benefits (medical insurance, for example), caps on business expenses, travel restrictions, and, ultimately, softer annual salary increases than in previous …
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Thousands of UAE residents take part in Yoga Day
Dubai: The love for yoga united thousands of residents from different nationalities and faiths at various venues across the UAE on Tuesday night. Despite the heat and humidity, men, women and children enthusiastically took part in the 3rd International …
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Municipality to donate 100,000 Dubai Lamps
Dubai: Dubai Municipality has allocated 100,000 lamps from Dubai Lamp free of charge to housing projects as part of its Year of Giving initiatives, the civic body announced on Tuesday. The move is part of the municipality’s community responsibility …
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UAE’s new bankruptcy law needs testing
The UAE introduced a new stand-alone bankruptcy law in December … As regards the former, the new law incentivises SMEs to be more proactive if they want to continue with their business and to put in place viable restructuring plans to do so.
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Saudi Aramco takes steps to maximize IPO valuation
DUBAI: The government of Saudi Arabia and Saudi Aramco are taking … accounts was a normal part of the preparation process for an initial public offering (IPO) of shares on a stock exchange. There has been some skepticism among international energy …
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Solar-powered commercial planes feasible
Abu Dhabi: Bertrand Piccard, the initiator and chairman of the “Solar Impulse” project, said, late Shaikh Zayed Bin Sultan Al Nahyan, the founding father of the UAE, was a great leader who explained to people why they need to do things.” Speaking of …
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New cluster executive chef to head Rotana properties in Abu Dhabi
Marina Akhmedova, who previously held the role of specialty chef at The Cove Rotana Resort, Ras Al Khaimah has now been promoted to cluster executive chef at Centro Capital Centre and Capital Centre Arjaan. Akhmedova, a Russian national, holds a diploma in …
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Dubai charity initiative a world first
Dubai: The city of Dubai, which is renowned for interweaving innovation into its economic, commercial and cultural goals, is now blending it into charity. The city is working on the establishment of the first collective-endowment park in the world — the …
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UAE condemns Bahrain terror attack
Abu Dhabi: The UAE condemned the terrorist attack that took place in Diraz village in Bahrain on Sunday that caused the death of a security man and injured two others. “The UAE condemns this terrorist, cowardly act and reiterates its unequivocal position …
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UAE warns Qatar sanctions could last years
Tough remarks by UAE Minister of State for Foreign Affairs Anwar Gargash … Qatar has relished support from Turkey during the dispute. Its state-funded pan-Arab news channel Al Jazeera showed footage of a column of armoured personnel carriers flying …
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UAE Food Bank gets first permanent sponsor
Dubai: Easa Saleh Al Gurg Charity Foundation has become the first permanent sponsor of the UAE Food Bank. An agreement in this regard was signed by Dr. Raja Easa Saleh Al Gurg, chairperson of the foundation, and Hussain Nasser Lootah, director-general of …
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Egyptian, Abu Dhabi leaders, eying Qatar, discuss terrorism funding, role of media
CAIRO Egyptian President Abdel Fattah al-Sisi and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al … Al Jazeera says it is an independent news service giving a voice to everyone in the region. Egyptian security forces have arrested several of its …
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