Afridi & Angell, a United Arab Emirates full service business law firm, has selected Lexis ® InterAction ® from LexisNexis ® Enterprise Solutions as the firm’s client relationship management solution of choice. The solution will provide lawyers and …
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Rare Desert Snow: Temperatures Drop Causing Snowfall In UAE
It was one unusual event that the people literally didn’t have words to describe it. In other news, Dubai also experienced some temperature drops but it wasn’t as enjoyable in Ras Al Khaimah. On Friday, hail and strong winds ravaged the city streets of …
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Really Special should be tough in UAE 1000 Guineas
Really Special looked very much like the best 3-year-old dirt filly in Dubai when she comfortably won the UAE 1000 Guineas Trial on Jan. 19, and if she is, she will take all kinds of beating Thursday night at Meydan Racecourse in the $250,000 UAE 1000 …
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Dubai FDI promotes investment opportunities at the House of Commons
The role of Dubai, and the UAE in general, in facilitating global trade and channeling investment into potential markets were highlighted at a meeting at The House of Commons in London recently, which was organised by the Diplomat Business Club with the …
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Boutique bank Moelis wins advisory role for mammoth Saudi Aramco IPO
NEW YORK/LONDON/DUBAI (Reuters) – New York-based boutique investment bank Moelis & Co has been chosen as an adviser by Saudi Aramco [IPO-ARMO.SE] on its plans for what is expected to be the world’s biggest initial public share offer, sources familiar with …
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Boutique bank Moelis wins advisory role for mammoth Saudi IPO
NEW YORK/LONDON/DUBAI Boutique investment bank Moelis & Co (MC.N) has been chosen as an adviser by Saudi Aramco [IPO-ARMO.SE] on its plans for what is expected to be the world’s biggest initial public share offer, sources familiar with the matter told Reuters.
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Dubai Islamic Bank issues us$ 1 Billion senior
Dubai Islamic Bank announced the successful pricing of the largest senior Sukuk issuance by a financial institution globally. The US$ 1 Billion Sukuk was issued with a 5 year tenor, maturing on 14 th February 2022. The issuance under DIB’s USD 5 billion …
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Abu Dhabi stats: 19 dead, 155 injured from quad bikes
Abu Dhabi: The traffic police’s latest figures has revealed that in 2016, the capital recorded 174 bike accidents that left 19 dead and 155 people with injuries. Statistics issued recently by the General Directorate of Traffic at the Ministry of Interior …
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Property resale registration fees are illegal in Abu Dhabi
I have a question on the topic of developers’ so-called registration fees on resales. I am buying a villa in Abu Dhabi and the developer is charging a whopping 5 per cent fee for the resale registration. I was under the impression that this was made …
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Basics You Need to Know about Investing in Dubai Property
Many people are interested in investing in Dubai property but do not know how or where to start. And most likely, they are not aware of the available investment options. With more than $1 trillion expected to have entered the global real estate market in …
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Dubai welcomed record 14.9M visitors in 2016
Dubai welcomed a record 14.9 million visitors in 2016, the city’s tourism department said Tuesday, as the Gulf emirate capitalised on its reputed safety in a region wracked by turmoil. The city-state, one of seven sheikhdoms that make up the United Arab …
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Why you must mull buying property in Dubai this year
After an exacting year of 2016, the Dubai real estate market is expected to soften in 2017. However, Dubai prevails as the number one property market in the Middle East, while being ranked 23rd on a global scale, according to consultancy CBRE. The market …
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DED allies with International Live Events Association to strengthen business community engagement
The MOU is part of the efforts to involve the business community groups to support the growth of strategic economic sectors, in line with the mandate of DED. The main objective of the BCE initiative is to add value to Dubai’s economy by activating more …
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Bank promises backing for grassroots events
Dubai: The chief executive officer of the Commercial Bank of Dubai (CBD) has reiterated the community aspect of backing an important sporting event like the recently-concluded Dubai Tour. One of the UAE’s premier banks, CBD has been a sponsor of the …
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Two students travel 12,000km for internship at Gulf News
Dubai: Two media students have travelled over 12,000km for an internship at Gulf News. But what’s driving young people like them to the UAE? Alison Xiao, 20, and Natassia Chrysanthos, 21, students at the University of Sydney, Australia, are in their …
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Why you must mull buying property in Dubai this…
After an exacting year of 2016, the Dubai real estate market is expected to soften in 2017. However, Dubai prevails as the number one property market in the Middle East, while being ranked 23rd on a global scale, according to consultancy CBRE. The market …
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Dubai Properties awards contract for 1/JBR project
Dubai Properties (DP) has awarded Dubai Contracting Company (DCC) the contract for its 1/JBR residential project, the developer announced at a recent press event. The agreement was signed by Abdulla Bin Lahej, group CEO, Dubai Properties and Ian Harper …
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