DUBAI: Dubai business magnate Mohamed Alabbar announced on Sunday (Nov 13) the launch of a US$1-billion regional e-commerce site in a joint venture with the Saudi sovereign wealth fund and other Gulf investors. Noon.com is to go online in January with a 50 …
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How to sell your UAE healthcare company
The outlook for the healthcare industry in the UAE today is positive. Valuations on businesses in the sector are hovering around seven to 10 times Earnings Before Interest Taxes Depreciation and Amortisation (EBITDA) for a large, sustainable business …
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Dubai Economy Tracker points to moderating private sector growth
Dubai: Dubai Economy Tracker Index (DET) declined to 53.3 in October from 55.1 in September, signalling the slowest rate of expansion since April. October data signalled a further improvement in business conditions across Dubai’s private sector economy …
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Why UAE workers quit amid job slowdown
Dubai: While today’s labour market doesn’t offer as much … “This remarkable absence of loyalty represents a serious challenge to any business employing a large number of millennials, especially those in markets where millennials now represent …
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Asian Business Leadership Forum set to honour business heads
The UAE Ministry of Economy is associating with the Asian Business Leadership Forum (ABLF), a leadership event series, to promote the Emirates’ position as the centre of the world, offering the best infrastructure for business, investment and lifestyle.
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UAE expats told: Don’t panic over US elections
Dubai: The current volatility in financial markets … it is better to be waiting on the sidelines and then make changes to portfolios,” Raghu told Gulf News. From a business point of view, however, Raghu said Trump’s victory could have an impact …
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Dubai Canal to be inaugurated tonight
The 3.2km waterway stretches through key areas including Business Bay, Safa Park, Al Wasl Road, Jumeirah 2, Jumeirah Road The Dsh2.7bn Dubai Water Canal will be officially inaugurated by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President …
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UAE to have new framework for public-private partnerships
The documentation will be used instead of drafting a new PPP law The United Arab Emirates will prepare documentation to govern public-private partnerships (PPPs) by the end of 2016 as it encourages more private sector participation in infrastructure …
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31 incredible photos of Dubai from above
Dubai spares no expense when making its cityscape the most jaw-dropping in the world. In the 2000s, the emirate dropped nearly $600 billion into constructing the world’s tallest tower, biggest man-made island, and most luxurious hotel, among other …
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Dubai business conditions improve, but growth slow
Business conditions improved in Dubai in October, but growth momentum eased to a six-month low during the month, according to the Emirates NBD Dubai Economy Tracker Index. The October data signalled a further improvement in business conditions across Dubai …
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Dubai gears up for $735m water canal opening
Dubai Water Canal, a 3.2 km-long tourist landmark development offering a new lifestyle pattern in the heart of the city, on Wednesday (November 9). The Canal passes across the Business Bay to Safa Park, Al Wasl Road, Jumeirah 2, Jumeirah Road and continues …
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UAE business climate is perfect for start-ups
With the UAE having just celebrated Flag Day, which coincides with the anniversary of the UAE President, His Highness Shaikh Khalifa bin Zayed Al Nahyan’s assumption to office as leader of the country, I thought it would be worth spending this week’s …
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Some UAE expats turn away from dollar on US poll jitters
Dubai: The looming presidential elections in the United States (US) is causing anxiety within the investment community, with many fearing that a victory for Donald Trump could spell trouble for the financial markets. One of the things people worry about is …
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UAE markets hold steady
Dubai: The Dubai Financial Market General Index (DFMGI) weakened by 19.96 or 0.60 per cent last week to close at 3,298.43. Market breadth was mixed with 15 advancing issues against 19 declining, while volume slightly exceeded the prior week’s high …
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Dubai eyes stronger business ties with Argentina
Argentina’s vice president, Gabriela Michetti, on Thursday urged UAE investors to enhance economic and investment cooperation between the two countries and to benefit from the various attractive investment opportunities offered by Argentina to overseas …
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Dubai testing drone detectors after several airport incursions
Operations at Dubai’s main airport were halted for an hour on October 29 Dubai is testing out ways to detect and track drones after a series of high-profile incursions upset flights at one of the world’s busiest airports, the airport operator’s top …
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UAE’s private sector growth momentum slips in October
Dubai: Momentum seems to have slipped further in the UAE’s non-oil private sector during October – so much so that business conditions showed the least improvement in six months. Staffing levels remain “near stagnation”, according to an economy …
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