Tag: Dubai
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Gray, green and blue, Dubai has it all
Syed Haider West Asia may be one up conglomeration of Asia’s large, medium and small states, but its calm sand-covered peaks, green oasis perched amidst a sea of smoldering gray sand dunes, and parched-land flora and fauna are simply mesmerizing…. The large gray expanse of gulf holds within the world’s second largest desert and an…
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UAE’s Emirates to build world’s largest vertical farm in Dubai
Dubai : The United Arab Emirates (UAE) flagship carrier Emirates Airline has launched a joint project with US Crop One Holdings to build the world’s largest vertical farming facility near Dubai’s Al Maktoum International Airport, it was announced on Tuesday. Emirates Flight Catering (EKFC), the flight catering division of Emirates, and Crop One, a leading…
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Dubai becomes UNESCO creative city of design
Dubai : Over the next four years, Dubai government entities in the United Arab Emirates will come together to launch significant design initiatives in various fields to improve the quality of living for residents of the city. On Sunday, the Dubai Municipality (DM) announced that the city has become the first in the Middle East…
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Dubai stock market hits two-year low following US tariff campaigns
Dubai : The Dubai Financial Market General Index (DFMGI) closed at 3,115.16 on Sunday, the lowest point since the end of February, 2016. Shares of Dubai’s bellwether Emaar Properties, the developer of the world’s tallest building Burj Khalifa, dived by 2.72 per cent, while regional logistics giant Aramex lost 3.70 per cent. Selling pressure piled…
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1993 Mumbai blasts accused Farooq Takla nabbed in Dubai
Mumbai : Twenty-five years after his escape, the CBI has arrested absconder Farookh Takla, an accused in the 1993 Mumbai serial blasts and a close aide of fugitive mafia don Dawood Ibrahim Kaskar, from Dubai, official sources said on Thursday. He was brought to Mumbai earlier on Thursday and whisked off to the CBI offices…
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Dubai Islamic Bank to cash dividends after posting strong returns
Dubai : Following the conclusion of its Annual General Meeting (AGM), Dubai Islamic Bank (DIB) announced recently that the meeting approved the distribution of 45 fills per share as cash dividend for 2017, closing another year with strong returns to shareholders since the bank embarked on a growth agenda four years ago. The general assembly…
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Maeeshat Media head attends India-UAE business summit in Dubai
By Maeeshat Desk, Dubai / Mumbai, Sep 28: Mr. Danish Reyaz, Managing Director of Maeeshat Media Pvt. Ltd. and Editor-in-Chief of Maeeshat English monthly, attended the two-day India-UAE Strategic Conclave in Dubai. He was one of the special invitees to the business summit held at Al-Habtoor City in Dubai from 27-28 Sep. On the…
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Dubai launches world’s largest concentrated solar power project
Dubai : Dubai announced the launch of the world’s largest single-site Concentrated Solar Power (CSP) project using an Independent Power Producer (IPP) model, with a capacity of 700 megawatts at a cost of $3.8 billion. Sheikh Mohammad bin Rashid Al Maktoum, vice president and prime minister of the UAE and ruler of Dubai, launched the…
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Dubai holds signing ceremony for IHAF
Dubai Islamic Economy Development Centre (DIEDC) and the Emirates Authority for Standardization and Metrology (ESMA) hold a signing ceremony after approval of the International Halal Accreditation Forum (IHAF) by the government of UAE. The foundation members include: (1) Dubai Accreditation Department (2) Emirates National Accreditation System (3) General Coordination for Accreditation (Brazil) (4) American Association…
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Emirates Group makes record Dh8.2b profit
Dubai: Emirates Group full-year profit grew by 50 per cent to a record high in 2015-2016 as low oil prices slashed operating costs at the world’s largest international airline. Profit rose to Dh8.2 billion ($2.2 billion) in the 12 months to March 31, up from Dh5.5 billion in the previous year, Emirates said on Tuesday.…