Quddus came to Abu Dhabi two years ago to help his father in his work. The 51-year-old cobbler doesn’t feel ashamed of doing the job and he has a profound love for his profession, which financially supports his family and children. Speaking to Gulf News …
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Massive rush at shopping malls as Super Sale kicks off in Dubai
Nonetheless, we witnessed more than average footfall during the first few hours as compared to the regular weekend morning crowd,” Ajay Antal, CEO of Home Box, told Gulf News. By Thursday evening, traffic snarls were reported near major malls in Dubai as …
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UAE extends military reach in Yemen and Somalia
ABU DHABI (Reuters) – Military transport planes from the United Arab Emirates landed on the sleepy Yemeni island of Socotra last week, unloading tanks and troops as part of the Gulf Arab state’s drive to extend its influence over a strategic waterway …
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UAE-based cricket coach suspended over spot fixing offer
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UAE man wins court appeal after claiming rape victim was his ‘wife’
A police officer in the UAE was convicted on charges of rape, but justified the vile incident by saying the woman is his wife. In a recent court hearing, the 28-year-old man’s prison sentence was suspended. “My client took his family with him and proposed …
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NYU labor compliance in Abu Dhabi comes into question
NEW YORK (AP) — A report issued Thursday by a group of New York University students and faculty members is taking the university to task for labor practices connected to its campus in Abu Dhabi, saying that workers employed there still face risk of …
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Abu Dhabi hedges against oil price risk
DUBAI: Behind the 65-story glass tower that houses the shiny new headquarters of Abu Dhabi National Oil Co (Adnoc) sits a remnant of the Middle Eastern emirate’s not-so distant past: the squat, sand-coloured building that the government-owned energy …
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Dubai, Abu Dhabi Non-Oil GDP to Grow on State Spending, IMF Says
Dubai’s economy expanded 2.8% in 2017 Abu Dhabi’s non-oil GDP grew 1.8% in 2017 Abu Dhabi’s non-oil GDP is set to advance 3.3% in 2019 vs 2.5% this year
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U.S., UAE crack down on network for smuggling funds to elite Iran group
The Treasury Department, acting with the United Arab Emirates where front companies were located, said it had disrupted the large network’s operations, and accused Iran’s central bank of helping the group access U.S. dollars held in foreign banks to …
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UAE puts nine Iranian entities, individuals on terrorism list
The United Arab Emirates listed on Thursday nine Iranian entities and individuals on the terrorism list for transferring funds to the Iranian Revolutionary Guards. According to the statement published by WAM, the Cabinet issued Ministerial Resolution No …
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Dubai Properties Says ‘1/JBR’ on Track for Completion in 2019
Dubai Properties’ flagship project 1/JBR, taking shape on one of the final plots of land in the sought-after Jumeirah Beach Residence (JBR) district, is on track for a timely handover in Q4 2019. Bearing the distinction of being the only residential …
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Why switch your offshore company to the UAE?
Doing business: The UAE regularly ranks highly on the World Bank’s Doing Business Index, which measures countries against 11 key indicators of business regulation to establish the ease with which it is possible to form and run a company. In 2018 it was …
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Dubai Launches Blockchain Business Registry To Ease Market Entry
Businesses looking to launch in Dubai will benefit from a blockchain registry, a joint project between the government and partners including IBM. The Dubai Blockchain Business Registry Project will also see involvement from Smart Dubai and Dubai Silicon …
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Egypt Property Show nets $110m sales
The Egypt Property Show ended on a successful note in Dubai, registering a sharp jump in property sales which soared to $110 million, more than 100 per cent over last year’s returns. The event, inaugurated by Egypt Ambassador to the UAE, Wael Gad and …
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IMF says UAE’s VAT introduction has gone well, impact short-lived
Tamirisa said property market weakness was having a significant economic impact and authorities needed to monitor this carefully. Average rents sank 10.2 per cent in Abu Dhabi in 2017 and 5.2 per cent in Dubai, according to the central bank. Read …
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Abu Dhabi Oil Giant Hires Cutis as CFO From Wealth Fund
Abu Dhabi National Oil Co. hired Mark Cutis as chief financial officer from the sovereign fund that combined with Mubadala Investment Co., according to people with knowledge of the matter. Cutis will report to Adnoc’s director of finance and investment …
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UAE University ranked among top 50 universities
Al Ain: The UAE University has been ranked the 50th best university in the Times Higher Education’s 2018 list of Emerging Economies University Rankings. Dr Mohammad Al Baili, Vice-Chancellor of the UAE University, stressed the significance of this …
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