The average annual rent of a high-end two-bedroom property on Abu Dhabi Island falling 10% to AED141,000 in 2016; and a two-bedroom apartment in Khalidya/Bateen dropping by as much as 13%, on average, to AED146,000. Mid and lower end apartments experienced …
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RAK Properties reports 9.4% profit growth in 2016
RAK Properties, Ras Al Khaimah’s largest property developer listed on the Abu Dhabi Stock Exchange, has reported 9.38% net profit growth and increased profit margins for 2016. The company, which has been leading the residential and commercial development …
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UAE Islamic banking assets reach Dh520b
Abu Dhabi: Saif Hadef Al Shamsi, Assistant Governor for Monetary Policy and Financial Stability at the UAE Central Bank, has said that total Islamic banking assets in the UAE have increased to approximately Dh520 billion in the past few years. Al Shamsi …
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Rapper Silento stuck in UAE over business dispute
The dispute centres on shows Silento was supposed to play in Al Ain and the Emirati capital, Abu Dhabi, on Feb. 18, according to Makki Taj El Sir Abdel Halim, who owns event organizer Mackie Entertainment. The promoter said he is seeking to recover lost …
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Russian sale of fighter jets to UAE highlights shift toward Kremlin amid U.S. hesitancy
News of the deal between the Kremlin and the UAE came amid murmurs that Moscow is close to capping off a similar deal to send 10 Flanker-E jets to Indonesia and that Russia is slated to send a second batch of the same warplanes to China. These deals — and …
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'Watch me (whip/nae nae)' rapper Silento stuck in United Arab Emirates over business dispute
Silento, a U.S. rapper known for his hit song “Watch Me (Whip/Nae Nae)” has had his passport seized by authorities in the United Arab Emirates over a business dispute.(Photo by Drew Gurian/Invision/AP, File) DUBAI, United Arab Emirates — The American …
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'Watch Me' rapper Silento stuck in UAE over business dispute
DUBAI, United Arab Emirates — The American rapper known for his hit song “Watch Me (Whip/Nae Nae)” has been stopped from leaving the United Arab Emirates over a business dispute. A court ruling issued against Silento in the city of Al Ain and seen by The …
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Military drills enthrall Abu Dhabi crowd
Abu Dhabi: UAE residents were treated to an action-packed afternoon of military demonstrations up close at a special event in the capital, complete with fighter jets, submarines and helicopters on Thursday, March 2. The show was a live military …
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Live: Military demonstration in Abu Dhabi
Abu Dhabi: UAE residents were treated to an action-packed afternoon of military demonstrations up close at a special event in the capital on Thursday, March 2. Known as the Union Fortress, the multi-force military demonstration drew thousands of people …
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Christchurch dad ordered to return kids to UAE after unlawful detention
A Christchurch man has been ordered to return his children to Abu Dhabi after the High Court found he was detaining them in New Zealand illegally. The man and his wife had been living in Abu Dhabi with the children, aged 8 and 4, since December 2015.
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Abu Dhabi hosts military drill amid Yemen war, Iran tensions
The capital of the United Arab Emirates has hosted a major military exercise before a public audience as the nation fights alongside Saudi troops in Yemen and tensions with Iran remain high. The maneuver, called Union Fortress, took place on Thursday …
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Dubai Police new chief appointed
Dubai, Mar. 2 (BNA): Major-General Abdullah Khalifa Al Marri has been appointed Commander-in-Chief of Dubai Police, according to a resolution issued by UAE Vice President and Prime Minister HH Shaikh Mohammed bin Rashid Al Maktoum, in his capacity as Ruler …
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Dubai Property Show Happening in Shanghai, China this Year
Dubai Property Show took place in Mumbai last December and it was a huge success. Because of the good response that it gathered in other global places like London and Hong Kong, the sixth time, famous Dubai real estate exhibition is happening in Shanghai.
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UAE Portrait of a Nation: Government IT expert a role model for ambitious women
“As technology evolves, so have the security threats,” she says … A big part of her job is reading, conducting research and attending conferences in the UAE and overseas. Known as one of the emerging speakers on information and cyber security conferences …
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Dubai airport records 8m passengers in one month
Dubai International Airport (DXB) on Wednesday said passengers in January record reached 8 million, 9.7 per cent higher compared to the same period of 2016, a news report said. Paul Griffiths, CEO of Dubai Airports, said it is an auspicious start to what …
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Why UAE's new bankruptcy law is a boon for business
Businessmen will no more have to face arrest or legal prosecution for unpaid debts, nor do they have to flee the country. Businessmen will no more have to face arrest or legal prosecution for unpaid debts, nor do they have to flee the country – as many had …
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Gulf Craft plans IPO by end of 2017
is looking to float on the Dubai Financial Market before the end of the year. The likelihood of an initial public offering is being evaluated currently, the chief executive Erwin Bamps said at the Dubai Boat Show today. The boat builder’s stable of …
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