Emaar said it will launch the sale of Beach Vista homes on January 20. 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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Dubai’s Deyaar posts lower 2017 profits despite revenue jump
Deyaar, listed on the Dubai Financial Market, is majority-owned by Dubai Islamic Bank. 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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World’s first floating kitchen coming to Dubai
Dubai: The world’s first floating kitchen will be coming in the seas of Dubai later this month, taking the concept of food trucks out to the sea and catering to customers on jet skis, boats and yachts. “We started this project back in May of last year …
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Dubai Press Describes EXO And EXO-L As “Polite And Welcoming”
Suho, Chen, Chanyeol, Kai, Baekhyun, Sehun, and Xiumin greeted the local press at the Armani Hotel for the inaugural K-Pop song in The Dubai Fountain performance repertoire — Power. Gulf News even described the boy group and its fans that welcomed them …
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Dubai Islamic Bank said to issue $750m sukuk soon
Dubai Islamic Bank, the largest sharia-compliant bank in the United Arab Emirates, is expected to issue as soon as next week a US dollar-denominated Islamic bond in the region of $750 million, sources familiar with the matter said. The bank, which this …
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Man tries to dodge Abu Dhabi Police, arrested
Dubai: Police in Abu Dhabi arrested a man who not only caused an accident and fled the scene, but who also changed his car’s license plate to avoid authorities. Driving away from the scene of a collision is illegal, and according to the UAE’s amended …
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Undersecretaries of Ministries of Finance discuss economic reforms in Arab countries
… energy subsidy reform which has a short-term and low impact on the consumer and has long-term benefits for the UAE. The Ministry of Finance continuously seeks new sources of revenues and diversifying income by enhancing the efficiency of public …
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Dubai Islamic 2017 net up 11pc to $1.22bn
Dubai Islamic Bank, the first Islamic bank in the world and the largest Islamic bank in the UAE, has posted net profits of Dh4.504 billion ($1.22 billion) in 2017, up 11 per cent compared to Dh4.050 billion ($1.22 billion) for 2016. Total income increased …
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Looking to rent property? Here’s everything you need to know about RERA laws
If you are looking to rent a property in Dubai then equipping yourself with the property laws of the emirate should be on priority. Aiming to regulate the relationship and minimise disputes between a landlord and a tenant, the Real Estate Regulatory Agency …
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UAE’s ADNOC says to expand use of carbon capture technology
Abu Dhabi National Oil Company (ADNOC) has announced plans to significantly expand its use of carbon capture, use and storage (CCUS) technology to meet a six-fold increase in the use of CO2 for enhanced oil recovery over the next 10 years. The volume of …
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Dubai’s Star Business Centre to accept Bitcoin
The Star Business Centre, offering state-of-the-art fully furnished offices for new investors, business people and those international companies seeking suitable ready-made fully furnished plug-and-play workplaces, has announced that it is now ready to …
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Dubai Chamber membership hits 217,000
The uptick highlighted growing demand for the service which is designed to facilitate international trade and improve ease of doing business in Dubai. HE Hamad Buamim, President and CEO of Dubai Chamber, explained that the Chamber’s international expansion …
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Dubai ruler launches first unfenced desert conservation reserve
Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, has launched the Marmoom Reserve project, the first unfenced desert conservation reserve in the country. The reserve spans 10 percent of the emirate of Dubai …
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Dubai Islamic Bank Announces Full Year 2017 Financial Results
Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the … Full Year 2017 Results Highlights Profitability remains on a robust northbound trajectory driven by core business growth and effective cost management Financing continues to drive balance …
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Dubai office supply forecast to top 9m sq m by end-2018
Therefore, the majority of upcoming offices are concentrated in established commercial areas such as Tecom, the DIFC, and Business Bay. Future office supply in Dubai is expected reach 9.13 million sq m and 9.28 million sq m at the end of 2018 and 2019 …
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Dubai’s Jumeirah appoints Four Seasons VP as new CEO
Dubai hotel company Jumeirah has announced the appointment of former Four Seasons vice president Jose Silva at its new chief executive officer. He previously served as regional vice president for France, Switzerland, Spain and Portugal at Four Seasons and …
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Dubai Financial Market launches allocation service
Dubai Financial Market (DFM … funds and further promote their participation especially that it complies with their way of doing business.” The exchange said it had set comprehensive regulation governing the new mechanism including timeframes of …
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