Bitcoin recorded a significant rally that allowed it to erase virtually all of the losses resulting from the mid-March meltdown. This led other crypto coins to post notable gains as well. “Bitcoin is …
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UAE Calls on All Libyan Parties Commit to Political Process, Renews Support to Haftar
The UAE “commends the Libyan National Army for conducting anti-terror operations”, a statement by the Emirati Foreign Ministry said, expressing “its categorical rejection of the T …
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Dubai Islamic Bank’s net profit drops 18% amid coronavirus charges
Dubai Islamic Bank said first-quarter profit fell 18% as it took 1.48 billion dirhams ($403 million) in impairments to cover the impact of the coronavirus pandemic, weak oil prices and lower interest …
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University of Sharjah extends a message of gratitude to staff, students and patrons
The University of Sharjah started distance learning on March 7 this year immediately after the announcement of the implementation by the UAE authorities. Ever since, academic, administrative and …
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Virus May Be a Welcome Reality Check for Dubai’s Property Glut
While the coronavirus is wreaking havoc around the world, it could give Dubai’s long-slumping property market a much-needed break from new projects, a top developer said.
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Abu Dhabi Shelves Sale of $2 Billion Private Equity Book Due to Coronavirus
The Abu Dhabi Investment Authority is delaying the sale of $2 billion in private-equity fund stakes after the outbreak of the deadly coronavirus.
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Sharjah says 76 projects costing Dh195m have been completed in Q1
More than 4,000 projects across various fields are under way in emirate, including construction, maintenance, earthen settlements, and the supply of IT …
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Dubai’s real estate market defies Covid-19 odds
However, analysts believe that this pace may not be sustainable in coming months as developers could go slow on their projects due to the Covid-19 uncertainty and a one-year delay in Expo 2020 Dubai.
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Anti-begging campaigns launched in Sharjah, Ras Al Khaimah
Police in the two emirates have launched an anti-begging campaign in different languages – Arabic, English and Urdu to raise public awareness. As part of its initiatives to reduce and combat negative …
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Dubai Power, Water Utility Rating Nears Junk at Moody’s
Dubai’s power and water monopoly had its credit rating cut closer to junk status at Moody’s Investors Service, citing the potential impact of the coronavirus on the emirate’s economy.
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UAE real estate returns to new normal as key trends emerge
… sector is starting to return to a new normal as new trends emerge during and post Covid-19 lockdown with rental leads for villas in Dubai registering a 11% growth compared to last year, according …
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Sharjah to help Covid-positive mums provide breast milk for baby
Breastfeeding mums who tested positive for Covid-19 will still be able to provide milk for their babies, thanks to an initiative launched by an association in Sharjah. The Friends of Breastfeeding …
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Shoppers re-emerge as UAE starts lifting lockdown restrictions
Here are the latest coronavirus updates from around the world.
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With fever checks and masks, Dubai’s mega-mall reopens
Clutching bags from designer boutiques in their gloved hands, customers are back at Dubai Mall, one of the world’s largest shopping havens that has reopened under strict safeguards against coronavirus …
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Dubai sees rise in searches for villas with pools, gardens
A new study from the UAE’s Property Finder and Mortgage Finder shows an increase in leads and sessions on their sites, along with an increase in searching for houses along with searches for “pool” and …
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20,000 staff of Abu Dhabi malls tested for Covid-19
All staff members must secure a certificate of negative results before they resume work and prior to the stores’ reopening.
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Opinion: What Dubai’s real estate market really needs
But Covid-19 has changed the real estate industry with a sudden, merciless force; one that can only be compared to a dormant volcano’s unforeseen eruption. It’s brought with it an economic uncertainty …
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