Sultan also announced the nominations of Fahad Al Hassawi and Farid Faraidooni as deputy CEOs. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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UAE interest rates are expected to rise, mirroring US policy
The US Federal Reserve is likely to raise rates further to tighten its monetary policy and the UAE Central Bank will have to follow suit because the dirham is pegged to the dollar, analysts said. “The current central bank rate is 1.5 per cent, which has …
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CASE STUDY: Dubai Properties’ floating villas in Dubai Canal
Dubai Properties in September celebrated the voyage of the UAE’s first-ever water home as it made its way along the city’s newest attraction – the Dubai Water Canal – to berth at Marasi Business Bay. During the following days, a further eleven homes …
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Millennium Plaza Dubai Is Leading City Business Hotel 2017
Millennium Plaza Dubai, a luxury accommodation along Sheikh Zayed Road, has been recognised by World Travel Awards as Dubai’s Leading City Business Hotel for 2017. General Manager Nemo Acimovic received the award at a gala ceremony held at Armani Hotel …
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Emaar unit is said to plan IPO at premium of as much as 20%
Dubai: Emaar Properties PJSC is expected to offer shares in its United Arab Emirates development business at a 10 to 20 per cent premium to the unit’s net asset value, according to three people familiar with the plans. The lead managers on the initial …
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Dubai Fitness Challenge: Day 10
Dubai: The past two weeks of the Dubai Fitness Challenge has seen the participants Gulf News is following bursting with more energy as they push themselves to the limit everyday during the monthlong fitness campaign. Apart from exercising everyday …
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Dubai housemaid cleared of insulting the Quran
Dubai: A housemaid has been cleared of insulting the Quran by placing a copy of the holy book on the floor and sitting on it following a heated argument with her sponsor. The sponsor was alleged to have asked her 36-year-old Indonesian maid to clean the …
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DAFZA Launches First Regional e-Commerce Free Zone Dubai CommerCity
The project will accelerate the growth of the e-commerce market and will provide an environment that stimulates creativity and attract more direct foreign investments in line with Dubai Plan 2021 which aims to create a unique and sustainable economy based …
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Jamie Harron, Brit jailed in Dubai hell prison for ‘touching man’s hip’ reveals ordeal on This Morning
A BRIT jailed in Dubai for “touching a man’s hip” has opened up about his nightmare ordeal after “three-and-a-half months of hell”. Jamie Harron, 27, was convicted of public indecency and thrown in a hellhole jail after Emad Tabaza claimed he had touched …
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Dubai Solar Schools: top-tier educational institutions embrace solar
In Dubai, a unique solar initiative has been developed by Dubai Solar Schools to drive the comprehensive solar transition for Dubai’s top 100 schools and universities. Dubai Solar Schools offers schools and universities in Dubai access to fully funded …
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UAE users can now delete embarrassing WhatsApp messages
Dubai: Ever have one of those embarrassing moments when you mistakenly sent a private message to all your colleagues? Creators of the popular messaging tool WhatsApp have just activated a new feature that saves the day for users by removing texts that have …
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Abu Dhabi boy’s rape-murder case: lawyer asks court to reconsider charge
Abu Dhabi: The hearing of a Pakistani man accused of raping and killing his nephew during Ramadan resumed on Tuesday. The accused appeared in court and repeatedly denied raping and murdering 11-year-old Azan Majid Janjua, whose body was found on the …
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Emaar to end UAE’s IPO drought
But with Emaar IPO-ing a subsidiary, and with Dubai having prospered irrespective of oil pricing, the chances for a successful IPO is very optimistic. Hadi Khatib is a business editor with more than 15 years’ experience delivering news and copy of …
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UAE Ministry of Finance Expands E-Dirham System by Adding Health and Medical Sectors
The UAE Ministry of Finance (MoF) signed a membership document with the Medical Office of the Ministry of Presidential Affairs and two agreements with Abu Dhabi Health Services Company (SEHA) and the National Health Insurance Company (Daman) to join the e …
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Dubai Investments Reports Net Profit of Dh350 Million for Q3 2017
Dubai Investments, the leading, diversified investment company listed on the Dubai Financial Market, has reported net profit of AED 350 million for the quarter ending September 30, 2017, an increase of 4.8% over AED 334 million achieved during the same …
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Dubai’s DFM sees 1% fall in nine-month net profit
Dubai Financial Market Company on Monday announced a net profit of AED173.3 million for the first nine months of 2017, a 1 percent decrease compared to the same period of 2016. Net profit for the third quarter fell by 22 percent to AED27.7 million …
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UAE Property Developer DAMAC Ranks First on Forbes Global 2000 List of Fastest Growing Companies Worldwide
DAMAC Properties, a leading luxury real estate developer in the region, has clinched the number one spot on the Forbes Global 2000 List of Growth Champions, making it the fastest growing company worldwide among the top 2,000 listed by Forbes. The Forbes …
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