Eagle Hills Sharjah has appointed East Coast Contracting and Trading as a contractor for its AED160 million (USD 43.5 million) Kalba Waterfront project. The developer said the retail development will answer the growing demand for modern retail facilities …
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Bank of Sharjah P J S C : Sharjah Islamic Bank’s net profit records AED 143m in 3M
Abu Dhabi – Mubasher:Sharjah Islamic Bank’s (SIB) net profits increased by 3% year-on-year to AED 143.1 million ($38.95 million) in the first quarter of 2018. The bank’s provision for impairment dropped 53% year-on-year to AED 14.4 million in Q1-18 …
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Japan PM Abe arrives in UAE on Middle East trip
according to the UAE’s state-run WAM news agency. Al-Jaber also leads Abu Dhabi’s state-run oil company. About a quarter of all oil imports for Japan come from the UAE, a federation of seven sheikhdoms on the Arabian Peninsula, according to the U.S. Energy …
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Revealed: 25 best workplaces in UAE
Dubai: The best companies to work for don’t get their staff deliver results by putting them under pressure, they keep them happy and inspired. And they do it not by giving free drinks, bus rides, cakes and donuts. Instead, they create a culture in which …
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Port Operator DP World Now Firmly in Hyperloop Business
DUBAI, United Arab Emirates (AP … Virgin Hyperloop One in total has raised some $276 million in funding rounds, according to the business information website crunchbase.com. Follow Jon Gambrell on Twitter at www.twitter.com/jongambrellap
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Dubai Startup Hub promotes entrepreneurship among youth
recently hosted a series of workshops during the Tawteen 360 Student Forum in Dubai, which aimed to promote entrepreneurship among business-minded youth and showcase the opportunities it provides to its members and the entrepreneurial community in Dubai.
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Business Confidence in Dubai Continues to Rise, Survey Shows
The latest business confidence survey conducted by the Department of Economic Development (DED) shows that economic conditions during the first quarter of 2018 (January-March) have improved over the same quarter of last year, and also over Q4 2017.
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Richard Branson unveils new Dubai hyperloop venture to move freight at 760mph
Sir Richard Branson is teaming up with Dubai port operator DP world to enter the hyperloop business and move cargo at a top speed of 760mph. The cargo system, which is being designed alongside a possible passenger service by Virgin Hyperloop One …
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Dubai Economic Outlook
Economic conditions in Dubai during Q1 2018 have improved over Q1 and Q4, 2017, according to a business confidence survey conducted by the Department of Economic Development (DED), Dubai. The survey indicates that the Composite Business Confidence Index …
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Dubai Among World’s Top 3 Model Smart Cities
preparing the market ecosystem and the business community to the future smart economy, creating a holistic regulatory framework towards sustainable acceleration, etc.” Today, Dubai is not the smartest city in the world, but with the work conducted by all …
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Dubai businesses upbeat as confidence improves
Economic conditions in Dubai improved in the first quarter year-on-year and also over the last quarter of 2017, according to the latest business confidence survey by the Department of Economic Development (DED). The Composite Business Confidence Index …
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Sharjah Ruler opens Rain Room project
Sharjah: His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated on Sunday the Rain Room project in the presence of Shaikha Hoor Bint Sultan Al Qasimi, President of Sharjah Art Foundation (SAF …
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Sharjah Municipality seizes 40 apartments rented to illegals
Sharjah: Sharjah Municipality has begun a campaign to stamp out illegal housing practices, an official has said. The civic body says violators place a huge burden on the community, and pose a real risk to public health and safety. Khalifa Al Suwaidi, head …
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Sharjah launches ‘May Day Festival’ to mark Labour Day
Sharjah, April 28 : In commemoration of the International Labour Day, the Sharjah Labour Standards Development Authority has launched its mega “May Day Festival” which will run till May 4. “The recent initiative is a small step towards a bigger goal that …
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Bank of Sharjah P J S C : Sharjah Islamic Bank announces Q1 2018 net profits of AED143.1 million
SHARJAH, 29th April, 2018 (WAM) — The Sharjah Islamic Bank, SIB, has announced its first quarter 2018 financial results with net profits of AED143.1 million, compared to AED139.1 million in the same period last year, indicating a three percent increase …
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Austria’s OMV signs $1.5B deal for stakes in Abu Dhabi oil
Austria’s OMV has signed a deal worth $1.5 billion for a 20 percent stake in two offshore concessions in the United Arab Emirates’ capital, Abu Dhabi. The oil and gas company, which is based in Vienna and is part-owned by a subsidiary of Abu Dhabi’s …
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3.9% price inflation in Abu Dhabi for first quarter of 2018
Abu Dhabi: The inflation rate in consumer prices for the first quarter of 2018 stood at 3.9 per cent compared with the same period of 2017, the Statistics Centre of Abu Dhabi (SCAD) reported. The centre’s monthly report on the consumer price index (CPI …
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