DUBAI, United Arab Emirates — Dubai police have arrested foreign hackers who targeted five senior White House officials in a blackmail email scam, state-owned media reported on Monday. The Arabic-language Al Bayan newspaper and the television channel …
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Abu Dhabi Media relaunches Radio 1 and Radio 2
Abu Dhabi Media has announced the official relaunch of the Radio 1 and Radio 2 stations, after they were pulled off air last year. The two stations were previously operated by Gulf News Broadcasting, which lost the frequency licenses to manage them last year.
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Dubai Police arrest White House email hackers
In a crime-busting breakthrough, the Dubai Police have arrested members of an African gang who hacked the emails of some White House staff members in the US. According to Dr Major Saud Al Khaledi, chief of information and development at the Cyber Crimes …
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Dubai real estate market on course to stabilise during 2017
A slowing rate of decline across all sectors of the Dubai real estate market suggests increasing stability and the expectation of the market ‘bottoming out’ before the end of 2017, according to leading international real estate consultancy, Cluttons.
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Dubai real estate meltdown: Burj Khalifa rates plummet by 25%
Over the past 12 months, the Burj Khalifa has registered a 25 per cent correction in values, making it the weakest performer in Dubai. Hattan Villas at The Lakes (–13.5 per cent), Hattan Villas at Arabian Ranches (–12.6 per cent), villas on the Palm …
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Revealed: Expo 2020 Dubai central hub design
Dubai: A heat-reducing translucent 360-degree projection dome to help naturally cool the main plaza will be among the futuristic features of the under-construction central hub of the Dubai Expo 2020 venue, a senior official has revealed on Monday. Ahmed Al …
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Expo 2020 Dubai unveils design for central hub
Dubai: Ahmed Al Khatib, vice president of Real Estate at Expo 2020 Dubai, has unveiled the design for Al Wasl Plaza, a central hub for the Expo 2020 site with a capacity of 10,000 people. The hub will feature a heat-reducing translucent 360-degree …
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UAE ministry to use e-Dirham for payments to DHA
UAE’s Ministry of Finance (MoF) signed an agreement with Dubai Health Authority (DHA) to adopt the e-Dirham system and e-Dirham cards as a means of paying for government services provided by DHA. The Memorandum of Understanding (MoU) was signed by Saeed …
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MOVES-Mashreq's Iossifidis to become CEO of Noor Bank – sources
DUBAI, April 3 (Reuters) – The head of corporate and investment banking at Dubai’s Mashreq is leaving to become chief executive of Noor Bank, sources familiar with the matter told Reuters on Monday. Mashreq, Dubai’s third-biggest bank by assets …
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NBAD, FGB merge, now 'First Abu Dhabi Bank'
Dubai: The National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) announced on Sunday they have merged to become First Abu Dhabi Bank. In a joint statement, the banks said their merger was legally completed on April 1, and the merged bank began …
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Why investing in Dubai property is a good idea
Here are just a few reasons for investors to consider committing to the Dubai real estate sector: 1. Expo 2020 is coming to Dubai Dubai is hosting the next World Expo in October 2020. The Expo will attract approximately 25 million visitors from 180 nations.
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10 best countries to start your business in 2017
The report analyses 189 economies on 11 parameters of business processes. UAE: Rank 26 UAE ranks 26th in ease in doing business, coming up from 60th position in 2016. The reforms made this year include streamlining of name reservation and articles of …
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Why family business owners in UAE are seeking dual nationality
Dubai: A growing number of business owners in the UAE is looking to get a second passport, not just to see the world freely and secure better quality of life for their family, but also to skip red tape as they diversify their assets and expand their …
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Dubai is always open for business
Dubai’s ability to attract foreign direct investment and sustain its ranking among the top 10 in the world is no mean feat. Especially so when global growth remains weak and volume of foreign direct investment continues to fall worldwide. Last year, the …
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Will UAE apply VAT on expat remittances too?
“I am not aware of any UAE official information on VAT in relation to the remittance service. However, if the new VAT laws follow the similar practice in the EU countries, these transactions [fees charged by financial services for the remittance services …
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Dubai's success in maintaining capital inflow, number of new FDI projects is a major achievement
Dubai’s competitive business environment that creates unique and diverse opportunities for foreign investors stems from the vision and directives of Their Highnesses, he said.
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First Abu Dhabi Bank to attract more investors to bourse
Dubai: The start of share trading on First Abu Dhabi Bank is expected to attract more investors to the Abu Dhabi bourse and reflect positively on overall trading, according to the bourse’s chief executive. In a statement on Sunday, Rashed Al Balooshi …
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