DUBAI — The United Arab Emirates denied ownership of weapons found in Libya, a statement by the Ministry of Foreign Affairs and International Cooperation said on Tuesday. The statement added …
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Khalid Al Qasimi: UAE sheikh and fashion designer dies
A crown prince from the United Arab Emirates has died in London … Several people have shared their grief at the news on social media, including fashion photographer Mariano Vivanco who called him …
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Princess Haya: Dubai ruler’s wife in UK ‘in fear of her life’
Princess Haya Bint al-Hussein, a wife of the ruler of Dubai, Sheikh Mohammed Al Maktoum, is in hiding in London and said to be in fear for her life after fleeing her husband. Sheikh Mohammed, 69, who …
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UAE says approves full foreign ownership of firms
The United Arab Emirates said Tuesday it had decided to lift a decades-old cap on foreign ownership and allow full foreign control of business ventures. “In a cabinet meeting I chaired in Abu Dhabi, …
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Dubai South boosts ties with Shanghai organisations
Dubai South has announced that it has boosted trade relations with Shanghai business organisations to support the new Belt & Road Initiative. Dubai South signed two separate Memorandum of …
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UAE defines industry sectors eligible for up to 100% foreign ownership
Companies and residents on Tuesday welcomed the UAE Cabinet’s announcement of business activities eligible for up to 100 per cent foreign ownership under a law ratified last November, as the country …
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UAE keeps contractors busy
“The Expo will generate more interest in Dubai and showcase the business potential of the city. With more businesses thriving in, the more potential for developers,” he said. Citing examples, he said …
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UAE indices little changed amid summer lull
The Dubai Financial Market (DFM) index inched up 0.2 per cent to end at 2,678.92, a day after it closed at the 50-day moving average. Blue chip Emaar was the most actively traded stock by value …
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Noor Abu Dhabi hailed as a Pillar of the Emirate’s Sustainability Plans and Transition Towards Clean Energy
As the UAE capital hosted the Abu Dhabi Climate Meeting over the past two days, His Excellency Engineer Awaidha Al Marar, Chairman of the Abu Dhabi Department of Energy (DoE), stated that Abu Dhabi is …
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UAE mortgage applications up by nearly 80 per cent
Chris Schutrups, Managing Director of Mortgage Finder. Ruel Pableo for The National Real estate prices in the UAE have remained weak since 2015, according to a report last year from Property Finder. …
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Dubai South Boosts Trade Relations With Shanghai Business Organizations to Support New Belt & Road Initiative
Dubai South has made its latest move to strengthen trade relations with leading business and trade organizations based in Shanghai, in support to UAE’s leading efforts to promote the Belt & Road …
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Son of UAE’s Sharjah ruler dies in London aged 39
DUBAI: Sheikh Khalid bin Sultan Al-Qasimi, the son of the ruler of Sharjah, died in London on Monday, UAE state news agency WAM reported. Sharjah Media Office confirmed in a tweet that Al-Qasimi, who …
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UAE approves 13 sectors eligible for up to 100% foreign ownership: state news
DUBAI (Reuters) – The United Arab Emirates will allow up to 100% foreign ownership of some companies operating in 13 sectors, including manufacturing, agriculture, and renewable energy, state news …
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Banks scramble to re-pitch for Aramco IPO roles: sources
LONDON/DUBAI (Reuters) – Investment banks are scrambling to re-pitch … “Bankers previously involved in the IPO are pushing for meetings with Aramco,” one of the sources said. “There is some shifting …
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DLD launches 4 new investment products in Dubai’s real estate market
Dubai: Dubai Land Department (DLD) announced the launch of the Real Estate Investment Opportunities (REIOs) initiative during a press conference held yesterday. The new initiative is a new way to …
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“Big data, AI, 3D printing and virtual reality are vital for the development of real estate”
“Moreover, Dubai has emerged as the most affordable city on premium property prices among global competitors, making it 14.5 per cent cheaper than Hong Kong, London and New York, with an average …
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UAE keeps an eye on SA and trade
for the South Africa – UAE Business Forum in order to discuss increasing bilateral trade between the two countries. Representing the government of the UAE was H.E Abdullah Al-Saleh, Undersecretary of …
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