Tesla is expanding its operations in the UAE, according to an email sent by the company to owners of its cars, inviting them to the event. The Emirati business – the first Tesla foray in the MENA region – will be based in Dubai, with the official …
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Al Jazira reply to UAE coach regarding their stadium's condition
Al Jazira weren’t thrilled with the UAE national team coach comments regarding their stadium, and they released the following statement Emirati top flight league leaders, Al Jazira, released a statement affirming that the club’s stadium, Mohammed Bin …
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Bloom quadruples property sales volume in 2016
The Abu Dhabi-based company capitalised on its solid credentials in the real estate market as a trusted master developer of high-quality properties – with the completion ahead of schedule and delivery of several significant projects that registered a high …
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Cityscape Abu Dhabi returns with clear message from developers: now is the time to invest
Property developers line up to capitalise on optimistic sentiment for 2017 UAE Real Estage photo caption: Cityscape Abu Dhabi has announced that more than 90% of show floor has already sold, as it prepares for buoyant return from 18-20 April at the Abu …
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Abu Dhabi's developers finally start thinking mid-market
Dubai: There might be some respite for Abu Dhabi’s luxury-leaning residential property market after all — more developers are now “evaluating” whether to go in for mid-market offerings. Unlike at any point in the recent past, the market …
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Revealed: Top recipient of UAE remittances
repeat business and a very strong network of agent partners across all our core markets.” The company predicted that remittances will continue to grow this year. According to the World Bank data, the UAE is the third-largest outward remittance market in …
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What will Virgin Mobile’s entry mean for the UAE telecom market?
Speaking to reporters, Sultan asserted that the launch of Virgin Mobile is “fully compliant with the current regulatory framework” in the UAE. “Nothing prevents us from launching another brand within our business,” he said. According to IDC …
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PMI shows UAE non-oil business growth at six-month high in January
The UAE’s non-oil business activity rose to a six-month high last month, thanks to a rise in new orders, higher output and improved demand from overseas, according to the latest data from Emirates NBD. The Emirates NBD/IHS Markit purchasing managers …
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Dubai Chamber launches second smartpreneur competition
He said that the competition is open to all entrepreneurs based in the UAE whose entries will be critiqued by a high-level judging panel. Participants are required to submit their business ideas in line with the Smart Dubai dimensions that include smart …
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UAE approves new visa scheme to attract ‘talented’ professionals
The UAE cabinet has approved a new entry visa scheme to attract qualified and talented professionals to the country, it was revealed on Sunday. UAE Vice President, Prime Minister and Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum called for …
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UAE to gain momentum in H2
“The stable political and security climate of the UAE helps it stands out in the region. The country’s business climate, already the most favourable in this region, is improving further,” said Falcioni. The much anticipated passing of the new UAE …
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Islamic finance: A funding alternative
Young couple Jawad and Amal are planning to purchase a home in Dubai this year. Being devout Muslims, they wish to finance their property in accordance with the principles of their faith. Having taken conventional mortgage offers from banks on board …
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Arab IPO Summit to focus on capital growth
The second Arab IPO Summit, a major gathering of capital market authorities and financial institutions upcoming in Dubai, UAE will highlight the critical aspects for the implementation of successful IPO (Initial Public Offerings). The event will be held on …
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Saudi Aramco's oil reserves confirmed by external audit: sources
DUBAI/KHOBAR, Saudi Arabia/LONDON The first independent audit of Saudi Aramco’s [IPO-ARMO.SE] oil reserves has confirmed the state oil company’s own figures, sources familiar with the situation said, ahead of its planned share market listing next year.
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UAE's first residential 'REIT' comes into being
Emirates REIT is listed on Nasdaq Dubai with a Dh2.8 billion portfolio of office buildings … allowing the REIT to build-up a large portfolio in order to prepare for an IPO. According to Sylvain Vieujot, Chairman of Equitativa, “We believe this is …
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NSE Selects IDFC Chief Vikram Limaye As New CEO And MD
At present, Limaye is in Dubai to attend a meeting of the International Cricket Council (ICC). The appointment comes at a time when the exchange is preparing to launch its IPO estimated to be worth over Rs 10,000 crore. Besides, the bourse is facing …
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UAE, India to boost regional security, says Indian envoy
Dubai: The UAE-India ties are set to deepen “beyond bilateral relationship” through expected collaborations in regional security, India’s ambassador to the UAE said during a goodwill visit by an Indian coast guard ship at Dubai’s Port Rashid on …
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