Sheikh Ahmed said though business conditions improved they had remained tough … Parent Emirates Group will pay a Dhs2bn dividend to Investment Corporation of Dubai (ICD), the state investment vehicle which owns the airline, after profit rose 67 per …
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Abu Dhabi Taqa Shifts to Growth Mode After Years of Cutbacks
Abu Dhabi National Energy Co., the state-controlled oil and gas producer, is looking again at boosting spending after three years of cutting back, according to Chairman Saeed Mubarak Al-Hajeri. The company, known as Taqa, had first-quarter net income of …
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Divorce battle: Superyacht’s fate in hands of Dubai courts
Dubai: A mega luxury yacht mired in a bitter divorce battle between a Russian billionaire and his ex-wife will remain locked down in Dubai port for the time being despite arguments by a team of lawyers at an appeal hearing on Wednesday at Dubai …
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Abu Dhabi’s Taqa Shifts to Growth Mode After Years of Cutbacks
Abu Dhabi National Energy Co., the state-controlled oil and gas producer, is again looking at boosting spending after three years of cutting back, according to Chairman Saeed Mubarak Al-Hajeri. The company, known as Taqa, had first-quarter net income of …
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Abu Dhabi’s Mubadala Looking to Expand Its Presence Over More Industries
Abu Dhabi’s Mubadala Investment Co. is set to do bigger deals, scout for investments more widely and spread its presence over more industries after a recent tie-up with another local fund doubled its size. The combination of Mubadala and the Abu Dhabi …
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Abu Dhabi forum urges UN to help protect minorities
Abu Dhabi: A global conference on Muslim minorities on Wednesday adopted a ‘Global Charter for Muslim Communities’ urging the United Nations to make a binding agreement for protecting rights and freedom of minorities as religious, ethnic and linguistic …
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New rate for Dubai school fee hikes soon
Gulf News had reported earlier. For the coming school year, which starts in September, some schools have already announced fee reductions. David Cook, headmaster of Repton School Dubai (rated outstanding), said: “As a provider of quality education …
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Beggar caught with Dh300,000 in Dubai
Dubai: Dubai Police recently arrested a beggar with Dh300,000 after he conned people by asking money to build a mosque outside the UAE, officials said on Wednesday. The Arab beggar, a resident of a Gulf Country, was caught after many people paid him money …
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UAE private sector business sees slowest improvement since 2016
Business conditions in the UAE’s non-oil private sector witnessed their slowest growth since October 2016 due to weaker momentum in wholesale, retail, travel and tourism industries, according to figures by Emirates NBD’s Dubai Economy Tracker Index.
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Pakistani restaurants that you must visit in Dubai
which is why I’ve carefully picked out seven of my favourite Pakistani restaurants in Dubai for you. Read on to know which places you definitely need to try and what to order once you get there. If you’re a fan of Nihari and beef that melts in your …
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UAE’s first endowment foundation gets licence
Dubai: The Awqaf and Minor Affairs Foundation (AMAF) has granted a licence to the first endowment foundation in the UAE, it was announced. This comes in line with the foundation’s commitment to support all philanthropic activities inside and outside the …
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Are UAE private workers getting a bonus?
Other organisations contacted by Gulf News were non-committal about following Union Coop’s example, although some of them did praise the UAE government for the generous initiative. “I don’t think the private sector will follow to give increases as …
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Are UAE private workers getting a bonus, too?
Dubai: Employees in the UAE’s private sector who are expecting a bonus anytime soon shouldn’t get their hopes up. According to human resources and compensation specialists, companies that are privately run are getting more cautious with financial …
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Iftars in Downtown, Business Bay and Al Habtoor City for Ramadan 2018
Dhs215 per person. Daily from sunset-8.30pm. JW Marriott Marquis Dubai, Business Bay (04 414 3000). There’s both a set menu and à la carte offering at Almayass. Includes Levantine favourites such as fattoush, tabbouleh and hummus. Dhs185 (set menu …
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Dubai allows transit passengers to leave airport for tours
Dubai Airports has announced an initiative allowing hundreds of thousands of daily transit passengers to leave the city’s main airport if their connection time exceeds a minimum number of hours. The ‘Microcosm of Dubai’ project, in partnership with …
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The Dubai-based Indian retailer that’s now bigger than Tiffany’s
But we will look to dual list and are considering doing that in either Dubai or London,” he says … “We have a different business model. The family owns 40 percent of the company while most of our employees have share options. We partner locally …
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UAE- How do you trade assets worth a trillion?
Even the ubiquitous credit card is one such form. So if you truly look at it, the business of short-term credit to manage payments is much bigger than its origins in trade finance. The UAE is strategically located to facilitate asset trading across a …
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