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dubai
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Dubai real estate market prices set to stabilize: DAMAC Chairman
Prices in the Dubai real estate market are set to stabilize in 2020, according to Chairman and CEO of DAMAC Properties Hussain Sajwani. “Today ... Economy -
Dubai bank goes after debt-laden Al Jaber’s land in finance hub
Dubai’s biggest bank is going after a plot of land in the city’s financial hub that belongs to debt-laden Al Jaber Group.Emirates NBD PJSC ... Economy -
Dubai’s Amanat weighs acquiring VPS Healthcare stake
Amanat Holdings PJSC, the Dubai-based investment firm, is considering acquiring a stake in Middle Eastern hospital operator VPS Healthcare Group.The ... Economy -
Dubai airport flights delayed, cancelled due to heavy rain
Dubai International, one of the world’s busiest airports, cancelled, diverted, and delayed flights on Saturday due to heavy rain and flooding, ... Gulf -
UAE launches multi-entry tourist visas for all
The United Arab Emirates on Monday introduced a multiple-entry visa scheme valid for five years for all nationalities, with the aim of turning the ... Gulf -
Dubai’s Burj Khalifa marks 10th anniversary
The world’s tallest tower, the Burj Khalifa, celebrated its 10th anniversary on Saturday.To celebrate its 10th year, the tower put on a number ... Variety -
Cheers, tears, prayers for 2020: A new decade is ushered in
Revelers around the globe are bidding farewell to a decade. Here are highlights from celebrations in New York, Dubai, Rio de Janiero, Paris, and ... Features -
Dubai sets record spending target for 2020
The Dubai government will spend a record 66.4 billion dirhams ($18.08 billion) in 2020 as it looks to boost its economy and support the Expo 2020 ... Economy -
Dubai’s non-oil foreign trade rises 6 pct to $277.74 billion by end of Q3 2019
Dubai’s external trade rose 6 percent to 1.02 trillion dirhams ($277.74 billion) in the first nine month of 2019, according to official ... Economy -
Emaar mulls raising funds against Burj Khalifa observation decks
Dubai’s Emaar Properties said on Tuesday that it was considering raising capital against the cash flows generated by the observation decks on ... Economy -
Dubai’s Emaar said to sell view from world’s tallest tower
Emaar Properties is selling the observation decks of the world’s tallest skyscraper the Burj Khalifa, four sources told Reuters, potentially ... Business -
UAE’s MAG Development plans to go public: Report
United Arab Emirates property developer MAG Development plans to go public by listing on the Dubai Financial Market, its chief executive officer Sar ... Business -
Dubai arrests Dutch ‘most wanted’ crime lord
Dubai police on Monday arrested the alleged head of a cocaine-trafficking gang described as the most wanted man in the Netherlands, officials ... Gulf -
Dubai’s Jameel Arts Centre celebrates first anniversary with unique festival
Marking the first year of the Jameel Arts Centre, Dubai’s contemporary art institution, ‘Jaddaf Aloud!’ is a new free festival, ... Art and culture -
South Africa wins Dubai Sevens, blanks NZ 15-0 in final
New Zealand was blanked in a final for the first time in 19 years when South Africa won their Dubai Sevens decider 15-0 on Saturday. A first-half try ... Sports -
Dubai court reduces sentence for editor who killed his wife
Dubai’s Court of Appeal reduced on Wednesday the sentence of a British newspaper editor convicted of killing his wife with a hammer. The court ... Gulf -
Celebrity chef Gary Rhodes dies at 59 with wife by his side
Celebrity chef Gary Rhodes, who helped transform the stodgy reputation of British food, has died at age 59 with his wife Jennie by his side, his ... Entertainment -
Expo 2020 unlikely to end Dubai’s ongoing real estate slump: S&P
The upcoming Dubai Expo 2020 will help hotels and retailers, but is unlikely to materially improve long-term conditions in the city’s ... Business -
Saudi stocks rise for a sixth day, Dubai market gains on financials
Saudi Arabia’s stock market rose in early trade on Sunday and was set for a sixth straight session of gains, led by banking shares, which also ... Financial Markets -
Dubai sees tourism rise in the first nine months of 2019
Dubai reported 12.09 million visitors for the first nine months of 2019, a 4.3 percent growth year-on-year, according to official figures from ... Economy -
Emirates NBD raises $1.76 bln in an oversubscribed rights issue
Emirates NBD Bank, Dubai’s largest lender, raised 6.45 billion dirhams ($1.76 billion) by issuing new shares after the capital call was ... Business -
HSBC, Emirates NBD cut jobs in UAE as banks aim to reduce costs: Report
HSBC Holdings has laid off about 40 bankers in the United Arab Emirates (UAE) and Emirates NBD is cutting around 100 jobs, as banks in the Arab ... Business -
Dubai’s DAMAC posts 78 percent drop in third quarter profit
DAMAC Properties, owner of the only Trump-branded golf club in the Middle East, reported on Wednesday a 78 percent drop in third quarter profit amid ... Economy -
Dubai's Emaar says Q3 profit jumps 20 pct despite real estate slowdown
Burj Khalifa-developer Emaar Properties’ third-quarter net profit surged 20 percent, showing strong demand for the developer’s properties ... Business -
Emirates NBD’s net profit jumps 63% in first 9 months of 2019
Emirates NBD, Dubai’s largest bank, said on Monday that its net profit for the first nine months of 2019 jumped 63 percent year-on-year to 12.5 ... Business -
Dubai exchange launches Islamic index
The Dubai Financial Market (DFM) has launched a sharia-compliant index as it looks to attract more Islamic investments, the exchange said in a ... Business -
Regulatory reforms to boost Dubai’s office space appeal: Knight Frank
Recent reforms in the real estate sector will boost Dubai’s appeal in the long run to a larger cohort of firms that are looking to open and ... Business -
Dubai’s biggest bank Emirates NBD plans $1.76 bln rights issue
Emirates NBD, Dubai’s largest bank, is planning a rights issue to raise up to 6.45 billion dirhams ($1.76 billion) as it eyes new expansions and ... Financial Markets -
Islamic assets managed in DIFC grew 45% in Q2
Islamic assets managed by companies based in the Dubai International Financial Centre (DIFC) grew by 45 percent in the second quarter of 2019 year on ... Business -
Arabtec awarded 280 million-riyal Saudi Aramco contract
An Arabtec Holding unit has been awarded a 280-million-riyal contract by Saudi Aramco to upgrade a water disposal facility in the energy giant’s ... Business