The UAE “commends the Libyan National Army for conducting anti-terror operations,” a statement by the Emirati Foreign Ministry said, expressing “its categorical rejection of the T …
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UAE risks inclusion on money laundering watch list, watchdog warns
UAE must take increased measures to stamp out money laundering or face inclusion on an international watch list, the world’s main dirty money monitoring group has warned. The Financial Action Task …
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Asset gains: Bitcoin surge lights up global crypto market
Bitcoin recorded a significant rally that allowed it to erase virtually all of the losses resulting from the mid-March meltdown. This led other crypto coins to post notable gains as well. “Bitcoin is …
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UAE Calls on All Libyan Parties Commit to Political Process, Renews Support to Haftar
The UAE “commends the Libyan National Army for conducting anti-terror operations”, a statement by the Emirati Foreign Ministry said, expressing “its categorical rejection of the T …
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Dubai Islamic Bank’s net profit drops 18% amid coronavirus charges
Dubai Islamic Bank said first-quarter profit fell 18% as it took 1.48 billion dirhams ($403 million) in impairments to cover the impact of the coronavirus pandemic, weak oil prices and lower interest …
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University of Sharjah extends a message of gratitude to staff, students and patrons
The University of Sharjah started distance learning on March 7 this year immediately after the announcement of the implementation by the UAE authorities. Ever since, academic, administrative and …
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Virus May Be a Welcome Reality Check for Dubai’s Property Glut
While the coronavirus is wreaking havoc around the world, it could give Dubai’s long-slumping property market a much-needed break from new projects, a top developer said.
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Abu Dhabi Shelves Sale of $2 Billion Private Equity Book Due to Coronavirus
The Abu Dhabi Investment Authority is delaying the sale of $2 billion in private-equity fund stakes after the outbreak of the deadly coronavirus.
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Sharjah says 76 projects costing Dh195m have been completed in Q1
More than 4,000 projects across various fields are under way in emirate, including construction, maintenance, earthen settlements, and the supply of IT …
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Anti-begging campaigns launched in Sharjah, Ras Al Khaimah
Police in the two emirates have launched an anti-begging campaign in different languages – Arabic, English and Urdu to raise public awareness. As part of its initiatives to reduce and combat negative …
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Dubai Power, Water Utility Rating Nears Junk at Moody’s
Dubai’s power and water monopoly had its credit rating cut closer to junk status at Moody’s Investors Service, citing the potential impact of the coronavirus on the emirate’s economy.
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Sharjah to help Covid-positive mums provide breast milk for baby
Breastfeeding mums who tested positive for Covid-19 will still be able to provide milk for their babies, thanks to an initiative launched by an association in Sharjah. The Friends of Breastfeeding …
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Shoppers re-emerge as UAE starts lifting lockdown restrictions
Here are the latest coronavirus updates from around the world.
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With fever checks and masks, Dubai’s mega-mall reopens
Clutching bags from designer boutiques in their gloved hands, customers are back at Dubai Mall, one of the world’s largest shopping havens that has reopened under strict safeguards against coronavirus …
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Abu Dhabi Lays Claim To World’s Cheapest Solar Power, After Revealing Bids For 2GW Mega-Plant
Abu Dhabi Power Corporation (ADPower) says it has secured the world’s lowest tariff for a solar power plant, as it moves ahead with a planned 2GW solar photovoltaic (PV) project in the Al Dhafra …
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Dubai at Risk as Coronavirus Poses Shock to U.A.E. Economy, Says Moody’s
Dubai’s reliance on real estate, transportation and tourism makes the Middle East business hub the most exposed to the impact of coronavirus in the United Arab Emirates, according to Moody’s Investors …
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Abu Dhabi Moves Ahead With Giant Solar Park After Getting Bids
A solar farm bigger than 4,200 soccer pitches will be built in the United Arab Emirates to supply power at what could be record-low prices.
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