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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Abu Dhabi Islamic Bank to enjoy stronger capital base after robust earnings: report
Pharos upgraded its fair value evaluation (FV) of Abu Dhabi Islamic Bank (ADIB) to EGP 29 per share, according to a recent report issued by Beltone Financial. The upgrade reflects the current valuation of the bank excluding any plans for a rights issue …
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Top 20 salaries in the UAE 2018
For example, the UAE average was 26.74per cent lower than the previous year. This year, the UAE was found to be the second best paying country among the five Gulf Cooperation Council states covered with an average monthly salary of $8,315. This was 2.9 per …
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UAE telecom authority responds to suicide game
and confirmed that it does not exist on online platforms in the UAE. The announcement comes a couple of days after Gulf News reported the death of two Filipino students, aged 15 and 16, in an apparent case of suicide. Sources close to the students are …
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OMV, Abu Dhabi Set to Sign Oil Deal in Move on Global Expansion
OMV AG and its state-owned partner in Abu Dhabi are set to sign a $1.5 billion oil exploration agreement today in what could be the first major step for a joint global expansion in oil production and refining. Austria’s Chancellor Sebastian Kurz and Abu …
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Dubai to deploy cutting-edge devices in health care
Dr Mohammad Al Reda, director at the executive office for Organisational Transformation that is directly managing the innovative projects, told Gulf News that disruptive technology is available everywhere in the world today. In Dubai, the combined staff …
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Business Confidence in Dubai Continues to Rise, Survey
Plans are underway to increase investment and upgrade technology Recent Dubai Government initiatives to boost investment and cut costs will underpin further improvements in Dubai’s economy The latest business confidence survey conducted by the Department …
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New Dubai tunnel set to open on May 3
easing traffic moving into and heading out of Karama and Bur Dubai. It forms part of the Shindagha Corridor, a major infrastructure upgrade starting from Wafi Interchange and stretching all the way to Al Mamzar. — Gulf news. “The project is located at …
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UAE temperature seen rising up to 41°C on Saturday
Dubai: A hazy and partly-cloudy Saturday has been predicted by weathermen. The National Centre of Meteorology (NCM) has predicted clouds over the easter areas that may be convective at times — ‘convection clouds’ are ones that form and grow as the air …
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How urban efficiency can help create the UAE of the future
According to Business Monitor International, power demand is expected to increase throughout the UAE between 2012 and 2021, with projected consumption growth of 5.6 per cent. Considering the economic and environmental fluidity, the UAE should aim to keep …
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Redundancies and restructures in the UAE
Redundancy dismissals within the UAE are particularly challenging decisions to take … into redundancy procedures are transferring staff into different roles within the business, moving staff around their regional or global offices where capacity is …
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UAE contributes $50m to UNRWA
Occupied Jerusalem: United Nations Relief and Works Agency (UNRWA) has welcomed the $50 million (Dh183 million) contribution announced upon the directives of the President of the UAE, His Highness Shaikh Khalifa Bin Zayed Al Nahyan The move comes as UNRWA …
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