Tag: business

Dubai-based Abraaj Group agreed to sell its Latin America, Sub Saharan Africa, North Africa and Turkey Funds management business to US investment management firm Colony Capital Inc, the companies said on Thursday. The agreement comes after months of …
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Dubai: A woman’s complaint on a radio show was addressed by none other than the Ruler of Sharjah. The female caller, Hanan, took to the airwaves to vent about a restaurant that installed loud speakers in its outdoor seating area. The restaurant …
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The UAE his signed a historic deal to send its first astronaut into space in the coming months, according to the country’s vice president. Sheikh Mohammed bin Rashid Al Maktoum, who is also Prime Minister and Ruler of Dubai, said on Twitter the agreement …
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Dubai Investments has announced that the AED460 million ($125 million) Fujairah Business Centre project, being developed by its joint venture entity Al Taif Investment, is progressing ahead of schedule. Al Taif Investment, DIC’s joint venture with …
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Dubai: If you live in Business Bay and have received a ‘handwritten’ parking ticket (above), you’re not alone. In recent days, several residents here have got ‘handwritten tickets’ from an ‘officer’ who claims to go by the name of Jasim Ali.
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Dubai-based Gems Education has reacted to a government decision to freeze school fees for the next academic year by postponing pay rises for teachers, according to reports. Dubai Executive council approved the recommendation for the 2018-2019 school year …
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Two British sisters have been convicted of assaulting a female police officer outside a Dubai nightclub. Alena and Sasha Parker, who are British passport holders but originally from Belarus, were sentenced to six months in prison followed by deportation …
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Dubai carrier Emirates will operate a one-off Airbus A380 service … Read: Video: Muscat’s new airport readies for first flights It will have 429 economy class, 76 business class and 14 first class seats. “It is a very important destination for …
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On behalf of New Business, Kitty Vine of Markettiers, interviews Guatam Sashittal, the chief exec of Dubai Multi Commodities Centre, for New Business The DMCC Free Zone is home to over 14,000 businesses, ranging from multinational corporations to start-ups …
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Dubai: The Grand Court of the Cayman Islands has appointed … to appoint David Soden and Stuart Sybersma of Deloitte as joint provisional liquidators of the fund management business, Abraaj said in a statement. “This order validates the position …
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… and create the world’s largest open air museum have been welcomed by traders working in one of Dubai’s oldest neighbourhoods. Members of the local business community say the rejuvenation of Shindagha Heritage District in Dubai Creek, part of a wider …
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The fire that erupted in Dubai Marina’s Zen Tower on May 13 began on the balcony of a first floor, where furniture kept outdoors caught fire due to an electric short circuit or from smoking waste, according to a report by Al Barsha police station released …
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Sharjah: Three people were killed in three separate traffic accidents in Sharjah and Ras Al Khaimah during the Eid Al Fitr holidays. The fatal accidents included a crash, a car hitting a pedestrian and a car flipping over. Two people were killed and two …
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The UAE has lcimbed one place to 17th in this year’s World Digital Competitiveness Report by Swiss business school International Institute for Management Development (IMD). The institution said the emirates climbed the ranking of 63 economies …
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The country ranks first globally in business agility, third globally in regulatory framework and fourth globally in terms of talent. “The UAE improves its overall digital ranking in 2018, to reach 17th place. Although this is a slight increase …
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“Continuous engagement with our global partners is part of our relentless effort to promote Dubai as the ideal location for businesses to expand their global reach, given our connectivity to key market…our business friendly legislations and unmatched …
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Members of the UAE business community have welcomed the new UAE legislation that replaces bank guarantees for private sector labour recruitment with a low-cost insurance policy that will reduce costs for employers. It does away with the Dh3,000 bank …
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