The board will also discuss its entry into a financing arrangement with First Abu Dhabi Bank, the company said in a statement posted on Dubai Financial Market’s website. Emaar had earlier said that it would use the proceeds of the IPO to distribute …
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Dubai’s DP World acquires new businesses in $405m deal
DP World on Monday announced that it has entered into agreements to acquire Maritime World, the owner of Dubai Maritime City (DMC), for $180 million and to buy Drydocks World by means of a capital injection of $225 million. DMC is a maritime service …
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UAE banking to strengthen in 2018 – study
The UAE’s banking sector will see renewed growth in 2018 and remain “fairly robust” into 2019, a new analysis says. The UAE’s economy overall will benefit from higher oil prices and easing oil production cuts, driving a resurgence in bank lending …
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Teenager’s death led to Sharjah family suicide pact
As Gulf News reported, a man jumped to his death from the seventh floor of a hotel apartment building in Sharjah on August 29 and when police, who were alerted of the incident by a witness, reached his apartment, they found it locked from the inside.
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John Ibrahim’s two brothers shackled by the wrists and flanked by security guards as they arrive back in Sydney after being extradited from Dubai to face charges over $810M …
Michael and Fadi Ibrahim, brothers of Kings Cross identity John Ibrahim, have been extradited from Dubai following their arrests in early August. The two men arrived back in Sydney on Sunday night to face charges relating to their roles in an alleged drug …
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VP launched largest concentrated solar power project in the world
Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has announced the largest single-site Concentrated Solar Power (CSP) project in the world, which will be built at a total cost of AED14.2 …
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Son’s death led to Sharjah family suicide pact
As Gulf News reported, a man jumped to his death from the seventh floor of a hotel apartment building in Sharjah on August 29 and when police, who were alerted of the incident by a witness, reached his apartment, they found it locked from the inside.
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Mutek, Dubai’s artsy electronic festival
Music is all about community, culture, technology, art and artists,” he told Gulf News tabloid!. Mehdi — who believes music isn’t about competition, but about complementary efforts — cofounded the underground venue Analog Room in Dubai in 2012.
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Michael and Fadi Ibrahim are extradited back to Sydney from Dubai after they were arrested in organised crime raids last month
Michael and Fadi Ibrahim, the brothers of Kings Cross Identity John Ibrahim, have been extradited from Dubai following their arrests in early August. The two men arrived back in Sydney on Sunday night to face court over charges relating to their roles in …
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UAE’s Emaar Properties gets $1.5 bln loan from First Abu Dhabi Bank–sources
DUBAI, Sept 17 (Reuters) – Dubai-based Emaar Properties obtained a $1.5 billion corporate finance loan from First Abu Dhabi Bank, sources familiar with the matter said on Sunday. Emaar, which develops residential properties, hotels, entertainment and …
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Dubai to install Wi-Fi street lights
DUBAI IS set to roll out a major installation of Wi-Fi-enabled street lights, the Dubai Electricity and Water Authority (Dewa) has announced. The move is part of the emirate’s strategy to become a so-called ‘smart city’. As well as providing internet …
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DIFC Courts sets up construction, technology disputes arm
A specialist division has been set up within Dubai International Financial Centre (DIFC) Courts to hear technology and construction-related disputes. DIFC Courts announced on Sunday that the region’s technology and construction companies can now opt to …
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DIFC launches new technology court
Dubai International Financial Centre (DIFC) Courts has launched a new division to hear complex legal cases in technology and construction. The new Technology and Construction Division (TCD) has been established as an ‘opt-in’ court, to hear complex cases …
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Abu Dhabi proves a haven for humpback dolphins
Abu Dhabi: A survey has found that Abu Dhabi has the largest population of the Indian Ocean humpback dolphin. ‘Dolphin Survey’ conducted by the Environment Agency – Abu Dhabi (EAD) estimated that 701 Indian Ocean humpback dolphins and 1,834 Indo …
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Dubai opens world’s best youth centre
Dubai: Dubai has just added a new feather to its cap by opening the world’s best youth centre. His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai and His Highness Shaikh Mohammad Bin Zayed …
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Abu Dhabi has world’s largest population of humpback dolphins
Abu Dhabi has world’s largest population of Indian Ocean humpback dolphins. The Environment Agency – Abu Dhabi, EAD, through its ‘Dolphin Survey’, has estimated that 701 Indian Ocean humpback dolphins and 1,834 Indo-Pacific bottlenose dolphins …
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Dubai awards $3.9 bln solar energy contract to Shanghai Electric, ACWA Power
DUBAI, Sept 16 (Reuters) – Dubai’s state energy utility awarded a $3.9 billion contract to build and run a 700 megawatt solar power plant to a consortium comprising Shanghai Electric and Saudi Arabia’s ACWA Power
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