The National Investment and Infrastructure Fund (NIIF) announced the signing of an investment agreement worth $1 billion with Abu Dhabi Investment Authority’s (ADIA) wholly owned subsidiary. The government of India had set up NIIF as a quasi-sovereign …
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Dubai diamond chief warns VAT will lead to business exodus
DUBAI: The introduction of value added tax could lead to an “exodus” of firms in the gold and diamond industry from the UAE, Ahmed Bin Sulayem, executive chairman of the Dubai free zone where those businesses are based, warned yesterday. In a strongly …
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Abu Dhabi Investment Authority to invest $1 billion in India’s Infrastructure Fund
New Delhi | Mumbai: The Abu Dhabi Investment Authority (ADIA) will invest $1billion in the National Investment and Infrastructure Fund (NIIF), marking the start of India’s ambitious attempt to raise equity funds for the infrastructure sector. The agreement …
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British electrician facing Dubai jail term for touching a man’s leg says his ordeal is ‘unbearable’ after being falsely led to believe it was all over
campaign group Detained in Dubai (DiD) said. He had hoped to be home soon after his accuser dropped the complaint against him but local prosecution services are proceeding with the case. Reacting to the news he may be sent to jail, he described the ordeal …
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Dubai police are moving into the future with ‘Star Wars’ style hoverbikes
And Dubai police are going to start using them for patrols. “The bike can fly without a passenger and can go up to six kilometres,” First Sergeant Ali Ahmad Mohammad told Gulf News. “It can fly for 25 minutes and can carry up to 300kg of weight at a …
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Master-planning a megaproject: ARADA’s Aljada development in Sharjah
Middle East Consultant talks to ARADA’s Ibrahim Al Nemeh about the design, inspiration and intent of the Aljada master-planned community in Sharjah Announced on September 6 and highlighted at Cityscape Global Dubai, Aljada is a new $6.5bn mega project …
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Aldar Properties : ADX sees high liquidity at Monday’s close
The real estate sector rose 2.15%, pushed up by Aldar Properties and Eshraq, with 2.88% and 1.28%, respectively. Finance House’s stock hiked 12.5% at close, after initial losses in early trading. Abu Dhabi Commercial Bank also rose 1.23%, pushing up the …
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Abu Dhabi Ports Launches Sustainability Week
Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, as well as Fujairah Terminals and Khalifa Industrial Zone Abu Dhabi (KIZAD), today launched Sustainability Week. The 3-day event …
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Dubai’s Mashreq posts 12% rise in net profit
Mashreq’s CEO, AbdulAziz Al Ghurair, said: “It has been a period of muted growth for the UAE banking system with the banking sector gross credit growing by only 0.3 percent as of August. However at Mashreq we have been successful in increasing our loan …
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Second food bank site opens in Dubai
Labourers queued up to collect food packages which were being distributed at the launch of the second food bank site in Dubai on Monday, which is also World Food Day. More than 1,000 construction workers, cleaning and maintenance staff stood in lines for …
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Dubai Islamic Bank : UAE banks set for resilient third quarter results
Dubai: The UAE banking sector performance is expected to be resilient in the third quarter of this year despite a slowdown in economic growth resulting in modest balance sheet growth across the banking sector. Analysts expect no major surprises except the …
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Dubai Islamic Bank : assets cross AED200 bn
Dubai Islamic Bank, the largest Islamic bank in the UAE by total assets, on Wednesday reported a 10 percent rise in nine-month net profit to AED3.3 billion ($900 million) compared to the same period in 2016. Total income increased to AED7.5 billion for the …
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Dubai wages war against food waste on World Food Day
you should make a conscious effort to reduce food waste in Dubai and UAE,” he told Gulf News. From better stock management, food transport and storage solutions to reducing portion sizes and communicating effectively to identify expectations of consumers …
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ADMCC monitors Abu Dhabi with Cisco technology
The Abu Dhabi Monitoring and Control Centre (ADMCC) will use Cisco’s technology to support the surveillance system that helps protect the city of Abu Dhabi. By submitting your personal information, you agree that TechTarget and its partners may contact …
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Dubai indecency accused Jamie Harron still faces prosecution
A Scottish man facing a three-year jail sentence in Dubai for public indecency has said his ordeal is not over despite the accuser dropping the complaint. Jamie Harron, 27 was arrested in July after putting his hand on a man’s hip in a bar, claiming he was …
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Dubai property prices drop slightly in Q3, more supply expected
Dubai’s residential sales market saw a minor dip in prices in the third quarter of the year, with sale values down by around 1 per cent, according to the latest report from real estate consultancy CBRE. However, transactions have seen a rise. As per data …
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Dubai wages war against food wastage on World Food Day
you should make a conscious effort to reduce food waste in Dubai and UAE,” he told Gulf News. From better stock management, food transport and storage solutions to reducing portion sizes and communicating effectively to identify expectations of consumers …
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