The UAE and wider GCC’s pension landscape is, ultimately, a nascent one. Its youthfulness gives it room for improvement, but it shows a great deal of promise. In a period of low oil prices and slower fiscal growth in the region, the subject of pension …
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Gulf crisis threatens Qatar Airways transit business: experts
Along with its Gulf peers – Dubai’s Emirates Airlines and Abu Dhabi’s Etihad — Qatar’s national carrier has captured a sizable portion of transit travel, capitalising on the Gulf’s central geographic location. But political differences between Qatar and …
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Dubai taxi hailing app Careem expands into Palestine
Dubai-based taxi hailing app Careem has announced its expansion into Palestine. The company said the launch was designed to support Palestine’s tech ecosystem and alleviate local transport issues. Operations will begin in Ramallah from June 15 with plans …
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Dubai emerges as one of top 10 destinations for international meetings
We will continue to strengthen our business events offering, and strive towards transforming Dubai into a global knowledge hub.” The total number of meetings assessed include those that are organised by international organisations, as well as ones …
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Hilton announces new Abu Dhabi property on Yas Island
Hilton and Miral announce their newest project, a 641-room room resort located on Yas Island. The new property, Hilton Abu Dhabi Yas Island Resort, will be located on a 3 km stretch of Yas Bay. This 641 room Hilton resort is to become part of the …
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Why Indian’s Fintech Startups Are Flocking To Disrupt The UAE
India’s technology startup ecosystem has grown exponentially in recent years and now appears to have caught the eye of startup enthusiasts in the UAE. The Middle East nation is keen to elevate disruptive Indian fintech startups by providing them an …
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Cash Prizes Totaling $800K at Season 3 of Abu Dhabi Grand Slam Jiu Jitsu World Tour
Abu Dhabi, UAE, 12th June, 2017: The UAE Jiu-jitsu Federation ® (UAEJJF), the official authority for the sport of jiu-jitsu in the United Arab Emirates, will offer cash prizes of over $125,000 in each of the four host cities [and over $200,000 at the …
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Dubai Properties launches sale of Casa Viva townhouses
Dubai Properties, a leading Dubai-based real estate master developer and asset manager, has launched the sales of its Casa Viva townhouses, marking the third phase of its master-planned, family-friendly Serena community at Dubailand. Inspired by Spanish …
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Natural gas built Qatar, now may protect it in Gulf dispute
As a hedge … sovereign wealth fund called the Mubadala Development Co., French oil giant Total SA and Houston-based Occidental Petroleum, did not respond to a request for comment. Without that natural gas, electricity plants in Dubai and the UAE capital …
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Emaar rethinks IPO strategy
The funds raised from the IPO will be distributed among the company’s shareholders as a special dividend – the primary beneficiary in this case will be Investment Corporation of Dubai (ICD), the main sovereign wealth fund of the emirate, which owns …
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You don’t need to provide your bank statement to your employer
You may advise your employer that you will not provide your personal bank account statement. However, you are willing to provide the same to the authorities in the UAE, if asked by the authorities. The detention of a passport by the employer against the …
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UAE exempts Qataris married to Emiratis from expulsion order: paper
On Sunday authorities in the UAE, Saudi Arabia and Bahrain said they were setting up hotlines to help families with Qatari members, without elaborating. Saudi state news agency SPA reported late on Sunday that King Salman has ordered authorities to “take …
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‘An unwise idea’: Prof critical of plan to haul icebergs to Dubai
She also points out that the icebergs are likely to melt and break apart while they’re being dragged through the Indian Ocean to Dubai. “This is a stopgap measure with dubious success,” she said. The U.A.E.’s National Advisor Bureau, which is behind the …
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UAE property market is changing: here’s what you need to know
New research from Allsopp & Allsopp, Dubai-based residential real-estate firm, has revealed landlords are now much more confident accepting four or more rent cheques a year rather than one. As of May 2017, some 33 per cent of tenants who found their ideal …
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Filipino artists make their mark in the UAE
… based performer first gave UAE fans a taste of her comeback in the singing showdown Expat Duets. “I still want to be recognised as an international singer, if there is a chance,” a smiling Marcelo told Gulf News in January. “If not, I’m …
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MIDEAST STOCKS-Qatari banks fall after UAE red flag, Dubai’s Emaar climbs
DUBAI, June 11 Shares in Qatari banks fell in early trade on Sunday after the central bank of the United Arab Emirates ordered UAE banks to be wary of any accounts they hold with six Doha-based banks. In Dubai, the largest listed property developer …
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Emaar hires Goldman Sachs to manage IPO of real estate unit
The malls unit IPO raised about $1.58 billion in 2014 and is the largest share sale in the UAE in the past nine years, according to data compiled by Bloomberg. Emaar, listed on the Dubai Financial Market, announced plans to spin-off its real estate unit on …
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