Dubai
Oil big Saudi Aramco posts 19% fall in 1st-quarter profit
DUBAI, United Arab Emirates — Saudi point out oil big Aramco on Tuesday claimed a 19% drop in its initial-quarter earnings, recording net income of $31.9 billion down from $39.5 billion the earlier year amid falling oil price ranges. Analysts envisioned to see a dip in internet gain this quarter compared to the previous calendar […]
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UAE, Qatar set to restore diplomatic ties and reopen embassies soon after bitter feud
A typical see of the skyline from the Doha Corniche on March 31, 2022. Nick Potts – Pa Illustrations or photos | Getty Photos DUBAI, United Arab Emirates — The United Arab Emirates and Qatar are shifting toward restoring diplomatic ties and reopening embassies in every other’s international locations, just in excess of two yrs […]
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Uber-owned Careem launches spinout with $400 million investment decision from UAE tech keeping organization e&
Careem’s super app Courtesy of Careem DUBAI, United Arab Emirates — Uber-owned journey hailing service Careem introduced on Monday a spinout with major backing from a new resource, as nicely as from its mother or father enterprise. Abu Dhabi-primarily based tech keeping corporation e&, formerly Etisalat, signed a binding agreement with Uber Technologies to get […]
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Shares of family-owned UAE exchange Al Ansari Monetary Companies surge in Dubai buying and selling debut
DUBAI, United Arab Emirates — Al Ansari Financial Solutions manufactured its trading debut on the Dubai Money Industry Thursday. Shares surged more than 17% for the spouse and children-owned remittances and money trade company, which marks the initially IPO for Dubai this yr. The Al Ansari family members bought 750 million shares in the offering, […]
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UAE leader breaks with custom, appoints son as crown prince
DUBAI, United Arab Emirates — United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan appointed his son as crown prince of Abu Dhabi and elevated his brothers to top rated positions, in a consolidation of electrical power that broke from the tradition of passing management succession to yet another brother. Sheikh Khaled bin Mohammed bin […]
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A 50% rent maximize? Record house demand from customers in Dubai is developing a nightmare for some citizens
Aerial perspective of the Dubai Marina. DUBAI, United Arab Emirates — Demand from customers for property in the United Arab Emirates’ glitzy industrial money of Dubai strike a document large for the first two months of 2023, genuine estate providers company CBRE revealed in a report revealed Thursday. In February on your own, Dubai’s residential […]
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‘Our telephones are ringing off the hook’: Amid a world downturn, the finance entire world is chasing Center Jap money
A person dressed in a thawb walks previous Dassault Falcon govt jets, Dubai, United Arab Emirates Leonid Faerberg | Sopa Images | Lightrocket | Getty Images The organizers of the Investopia x Salt meeting in Abu Dhabi — the brainchild of American financier and a person-time White Home push secretary Anthony Scaramucci and Dubai ruler […]
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Where are the safest places to travel in 2023? It depends on how you define ‘safe’
From catching Covid-19 to getting caught in a blizzard, traveling can be risky business these days. But just how risky often depends on the destination — and how you define the risks. Safest cities: people’s perceptions A report published by the U.K.-based insurance company William Russell ranked the “safest cities in the world,” according to […]
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Dubai announces $8.7 trillion financial prepare to enhance trade, financial investment
Dubai is looking at its best serious estate industry in several years, with income in the sector up 45% yr on 12 months in April and 51% in Might, in accordance to the Dubai Land Department. DUBAI, United Arab Emirates — Dubai on Wednesday announced a mammoth $8.7 trillion financial plan for the coming ten […]
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Dubai nixes its 30% liquor tax in a bid to draw in far more tourism
Media, not the accommodations by themselves, generally label motels like Burj Al Arab as “six-star” or “7-star” lodges. Waitforlight | Minute | Getty Visuals DUBAI, United Arab Emirates — Dubai is scrapping its 30% tax on alcohol gross sales for the relaxation of the year, the emirate’s municipality announced Monday, the most current go in […]
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