And the ‘Land of Gazelle’, or Abu Dhabi, was born. Kitted out with manicured lawns and high-rises, the desert city has revamped the word oasis. As part of our ongoing series, Gulf News tabloid! looks at the various ways to discover the city.
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ADIC to join Mubadala group as wealthy Abu Dhabi consolidates funds
It was not immediately clear whether the ADIC news presaged more mergers or tie-ups for Abu Dhabi funds. The emirate’s biggest sovereign fund, Abu Dhabi Investment Authority, has an estimated $828 billion of assets and is the third biggest in the world.
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Emaar and Aldar property alliance underscores new economic landscape following oil rout
It comes as UAE property developers are under increased pressure amid a weak housing market, faltering consumer confidence and expatriate job losses. “We are in a new economic reality, one that commenced four years ago with the oil rout. I think the best …
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Abu Dhabi Investment Council to Consolidate into Mubadala
UAE President Sheikh Khalifa bin Zayed Al Nahyan issued a groundbreaking law that restructures the Abu Dhabi Investment Council (ADIC) to be under the Mubadala Investment Company group. Under the new law, the Mubadala Investment Company Board of Directors …
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Abu Dhabi combines funds to form $250B SWF
The ADIC started operating in 2007 and is responsible for investing worldwide part of the Abu Dhabi government’s surplus financial resources, earned from oil exports. It was not immediately clear whether the ADIC news presaged more mergers or tie-ups for …
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Abu Dhabi ruler issues law to merge investment firms
we enhance the country’s competitive position,” he added in comments published by state news agency WAM. Under the new law, the Mubadala Investment Company board of directors will now become the board of directors for the Abu Dhabi Investment Council.
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Abu Dhabi to Combine Sovereign Wealth Funds Creating $250-B ‘Behemoth’
Together Mubadala and Abu Dhabi Investment Council will be the world’s 11th largest sovereign wealth fund. The UAE emirate of Abu Dhabi is to combine two of its largest sovereign funds to create a behemoth with estimated assets of nearly $250-B.
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Victimized by fugitive diamantaireSurat Surat man languishing in Dubai jail
Son of an auto consultant Flesh Kanani, who was appointed as an assorter at Eco Diamonds FZE owned by Jatin’s wife Sonal Mehta and his son Suraj in Dubai in 2014, is languishing in the foreign country since last eight months and unable to return.
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Dubai’s real estate continues to shift towards affordable homes
(MENAFN – Khaleej Times) Dubai’s real estate sector outperformed many other economic sectors of the emirate last year, with 6 per cent growth in the transaction value reaching Dh285 billion in 2017, up from Dh268.7 billion recorded in 2016, according to …
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VAT Has Limited Impact on Real Estate Sector
The Federal Tax Authority (FTA) and Dubai Land Department (DLD) have confirmed that the UAE’s recently introduced VAT will have a limited impact on the real estate sector. FTA and DLD have stated that all real estate transactions, with the exception of …
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Ahead of Expo 2020, Dubai Gets a Makeover
will have views of Downtown Dubai and The Dubai Creek Tower Emaar Properties “The Expo for me personally is an opportunity for this incredible city to display its unique qualities to the world,” says Jason Hayes, founder and CEO of Luxury Property …
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New UAE blockhain “token” buys you stake in lucrative property investments
Evareium has been launched to pioneer crowdfunding and management of direct investments in real estate, starting in Dubai and the GCC region before evolving globally. Evareium provides the means for investors can relinquish the burden of having to …
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Dubai ruler enacts new laws to boost financial hub
Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum has enacted two new laws that aim to improve and expand Dubai International Financial Centre’s (DIFC) private wealth management and succession planning platforms. Both the Trust Law and Foundations Law are …
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Sharjah realty to pick up ahead of Expo 2020
Sharjah’s property market has seen softening slightly in line with the trend in other emirates with prices dropping between 5 to 7 per cent and are expected to increase as Expo 2020 approaches and population grows, industry executives said. “The softening …
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UAE to become world’s first inclusive nation, says Special Olympics chairman
Abu Dhabi: With the nation’s great legacy of its forefathers, moral education and principles of the Special Olympics, the UAE will become the world’s first inclusive nation, Special Olympics chairman Timothy Shriver said on Wednesday. Shriver delivered …
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New research centre will study Dubai fires
Dubai: A new research centre will be created later this year by Dubai Civil Defence to track and isolate weak points in the fire response system in Dubai, said a senior firefighting official on Wednesday. Major-General Rashid Al Matroushi, director of …
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Meet the Locals: Bridging cultural gaps in the UAE
ABU DHABI: Can you name three Emirati dishes or any restaurant that serves authentic local cuisine? If you are still wracking your brain, then you may want to get in touch with Meet the Locals. The brainchild of Emiratis Abdulla Al Matar, 27 and Khadija …
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