The UAE and Kuwait are set to return to fiscal surpluses in 2018 … The reforms of the type outlined would further support improvements in the business environment, giving some boost to non-oil growt…
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Solar retrofit sweeps across Dubai, Hatta
RELATED ARTICLES: Saudi and UAE boost solar energy investments | Deloitte: ‘Lessons in Europe for Saudi’s $200bn solar park’ | Saudi’s Zahid Group acquires stake in German solar PV firm Greencells | C…
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Abu Dhabi Investment Authority just raised its bets on a few Indian stocks
Among the largecaps, ADIA raised its stake in Axis Bank to 1.19 per cent at the end of June quarter. The Abu Dhabi Investment Authority, or ADIA, was busy shopping on Dalal Street in a choppy market a…
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Dubai’s Drake and Scull replaces CEO, blames ‘rumours’ for share price drop
The Dubai-listed company, which is seeking to restructure about Dhs1bn of debt, has seen a major management reshuffle in recent years. Feghali, who was previously managing the international business u…
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What kind of financial firms are in Dubai (hedge funds, private equity, investment banking)?
5 ways to build wealth outside the stock market. If you want to become less dependent on stock-based investments, consider the following strategies. There are private equity funds such as Abraaj Capit…
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4,096 new speed limit signs go up in Abu Dhabi
The Abu Dhabi City Municipality has completed replacing 4,096 speed control panels in Abu Dhabi roads in a record time. ADM has carried out the project with the support of Abu Dhabi Police. The projec…
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Report: Dubai ‘Most Innovative City’ in Middle East
Dubai’s march towards becoming the world’s first smartest city … government services to create even better experiences in the city, so that all residents, business owners, city leaders and tourists …
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Sharjah in Brazil: 12,000 km closer through culture
An overwhelming number of visitors to the fair turned up at the Sharjah Pavilion to have their Portuguese copies of Emirati titles signed by their authors; over 40 contemporary Emirati authors and int…
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UAE responds to AP report on deals with al-Qaida in Yemen
DUBAI, United Arab Emirates – The United Arab Emirates on … Responding to an AP question, the general denied the news agency’s report without offering any specifics. “They are not willing to negotia…
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Emirates passenger detained in Dubai for allegedly drinking wine finally reunited with family in UK
After news of Holman’s situation was reported, Dubai officials also disputed the reason Holman was taken into custody. “We dispute Dr. Holman’s account of her treatment,” an official told The Sun. “Sh…
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Abu Dhabi University To Offer Six New Undergraduate Programs At Dubai Campus
Efforts Aligned with UAE Vision to Support Innovation and Development In line with the UAE government’s vision to support innovation, information technology and development, Abu Dhabi University is se…
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Rent-to-own schemes attractive to Dubai residents, says Propertyfinder
Rent-to-own schemes can be an attractive option for aspiring property owners and have the advantage of offering the same protections to consumers set up by the Dubai Land Department for developers and …
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Dubai eyes more solar rooftop panel installations
Dubai government has announced plans to install solar rooftop panels on buildings and residential villas across the emirate following the success of its flagship Safaqat project, whereby 640 villas we…
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Net profits skyrocket at Abu Dhabi’s Eshraq
Eshraq Properties has reported a net profit of $4m (AED14.8m) in H1 2018, a significant turnaround compared to first half of last year when the Abu Dhabi-based real estate firm reported a loss. Accord…
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Dubai’s JLT metro stop renamed
Free zone operator Dubai Multi Commodities Centre (DMCC) on Monday announced the renaming of the Jumeirah Lakes Towers (JLT) metro station effective immediately. The decision will mean the Dubai Metro …
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UAE oil giant making ‘good progress’ with expansion plans in Saudi Arabia, executive says
The oil giant’s initial public offering at the end of last year was part of a strategy by the UAE, as well as other Gulf nations, to privatize energy sector assets at a time when oil prices were relat…
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Eshraq Properties Reports Net Profit Of AED 14.8 Million For H1 2018
Reports a net profit of AED 14.8 million for the first half of 2018 versus a net loss of AED 0.32 million for the same period last year Eshraq Properties PJSC (“Eshraq” or “Company”), the Abu Dhabi ba…
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