Sunday 23 July 2017
 
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UAE

Abu Dhabi's residential market 'under pressure'

Issues of oversupply and ongoing economic uncertainty continue to put pressure on Abu Dhabi’s residential real estate market, according to leading international property company Chestertons Middle East and North Africa (Mena).

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UAE bankers launch ‘Service Promise’ initaitive

The UAE Banks Federation (UBF), a professional body representing 48 member banks operating in the emirates, has announced that it has secured support of the Central Bank for its initiative which aims to develop a unified framework for handling c

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JGE to develop 'massive' plot in New Dubai

Jumeirah Golf Estates (JGE), a major residential golf community in the Middle East region, is likely to open up a massive 700-hectare area right in the heart of New Dubai for development, said a report. These 700 hectares represen

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Sharjah-Fujairah highway on track for 2018 opening

Around 55 per cent of the work on the Mleiha Road Development in Sharjah, UAE, has already been completed and the 42-km-long project is on track for opening next year, said a report. The project, which will extend from the Al Badi

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UAE travel group launches interactive website

UAE-based destination management services company Holiday Moments said it has launched a new interactive digital marketing and ecommerce platform featuring online tour booking services, as well as credit card and PayPal payment and live chat opt

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Dubizzle sees big jump in visitor volumes

The UAE users spent a whopping 255 million minutes (equivalent to the time it takes to travel to and from Pluto 25 times) on the leading classifieds platform dubizzle sarching for both luxury and affordable items during the month of Ramadan, sai

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UAE to hire new batch of female nurses

The UAE's Ministry of Health and Prevention has announced that it is hiring seven nursing students who got their Bachelor’s degrees and completed their four-year studies under the “enhancing the attractiveness of  nursing as

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UAE developer Deyaar's H1 revenue up 135pc

UAE-based property developer Deyaar has reported a 135 per cent year-on-year increase in revenues for the six months ending June which soared to Dh316.4 million ($86.1 million) from last year's 134.9 million. Announcing its fi

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South Korea sees 20pc jump in UAE visitors to Jeju Island

South Korea’s Jeju Island witnessed a a 20 per cent increase in the number of UAE tourists during the first half of 2017, data showed. Figures released by the Jeju Island Tourism Organization, South Korea were presented in a

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UAE capital 'becoming most affordable housing market'

Slackening demand has sent residential sale prices tumbling in Abu Dhabi and rents have also declined in most districts, making the UAE’s capital more affordable following prolonged government austerity measures, according to a report.

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