Oman’s fiscal gap sharply down
Rise in revenue cut deficit despite higher spending in 2010
Business
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Mena equity markets to see growth
Emirates NBD says valuations remain attractive
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Private jet business booms
Unrest in region reinforces Dubai’s position as key tourism destination
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Algosaibis to get bank data
BofA, Citibank, StanChart and HSBC told to hand over records
Economy & Finance
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Dubai economy grows 2.1 pc in H1 2019
Dubai's economy grew 2.1 percent YoY in H1-2019, with the emirate's GDP reaching AED208.2 bn at constant prices in the
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World Bank ranks UAE first in region, third globally in ease of issuing building permits
Dawoud Al Hajri, Director-General of Dubai Municipality and Chairman of the Committee for Developing Building Permits
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Global economy projected to grow by about 3 percent this year
The global economy is projected to grow by about 3 percent this year, but the pace has continued to weaken since April,
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Dubai’s non-oil foreign trade delivers solid growth in first half of 2019
Dubai recorded a non-oil foreign trade of AED 676 billion in the first half of 2019, an increase of 5% year-on-year
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Hong Kong's summer of protests leaves economy bruised and battered
As pro-democracy protests grind on for a fourth month, Hong Kong has been left counting the cost, with the city's
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Oil prices surge as attack on Saudi facility disrupts output
An attack on a critical Saudi Arabia oil plant has pushed crude prices sharply higher, though its longer-term impact
Corporate
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Dubai's leading retail entities rally to ensure success of retail calendar 2020
With the launch of the 25th edition of Dubai Shopping Festival on 26 December set to kick off Dubai’s Retail Calendar
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Emirates Airline orders 50 A350 XWBs at Dubai Airshow 2019
Airbus and Emirates Airline signed a purchase agreement for 50 A350-900s, the newest generation wide-bodied aircraft by
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Etihad, Boeing unveil ‘eco partnership’ to cut carbon emissions
Etihad Airways and Boeing today announced a first-of-its-kind ‘eco partnership’, in which a specially-themed Boeing 787
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RTA signs contract with Careem for operating 3500 bikes at 350 docking stations
Roads and Transport Authority (RTA) has signed a contract with Careem whereby the latter will operate 3,500 bicycles
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DAFZA to showcase integrated portfolio of services for aviation industry at Dubai Airshow 2019
Dubai Airport Freezone Authority, DAFZA, will showcase its integrated portfolio of services and solutions for the
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ADNOC to use drones in search for new oil and gas resources in partnership with Total
The Abu Dhabi National Oil Company, ADNOC, in collaboration with France’s Total, is to deploy drones and unmanned
Technology
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Intel creates chip to control quantum computers
Quantum computers aim to carry out tasks in just a few minutes that would take today’s best conventional computers
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Roundtable series on AI, robotics launches
The Dubai Future Foundation has launched a series of global roundtables under the theme, 'Value of AI and Robotics'.
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Move your business into the cloud!
Do you want your business to reach greater heights? Now is the time to switch to cloud computing, which gives you the
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Etisalat sets global milestone with fastest speed on 5G Stand Alone network
In yet another global breakthrough in the 5G journey, Etisalat achieved over 3.1Gbps download throughput over its 5G
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DEWA extends free electric vehicle charging till end of 2021 for non-commercial users
As the current free charging incentive for electric vehicles will expire by the end of this year, Dubai Electricity and
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Etihad Airways, Pakistan's PIA relaunch codeshare partnership
Etihad Airways and Pakistan International Airlines, PIA, have relaunched their codeshare partnership to provide their
Energy
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25 mmb of crude imported by Japan from UAE in September
Japan imported from the United Arab Emirates 24.8 million barrels of crude oil in September 2019, data released by the
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Dubai saves 7.4 billion gallons of water, equivalent to AED1.2 billion
Between 2009 and 2018, customers in Dubai saved over two terawatt-hours of electricity and 7.4 billion gallons of water
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DEWA’s Shams Dubai connects 1,354 buildings totalling 125MW of power
Dubai Electricity and Water Authority (DEWA) has connected 1,354 photovoltaic installations on residential, commercial
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OPEC daily basket price announced for Friday
The price of OPEC basket of fourteen crudes stood at US$60.02 a barrel on Friday, 13th September, compared with US$
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Oil prices surge as attack on Saudi facility disrupts output
An attack on a critical Saudi Arabia oil plant has pushed crude prices sharply higher, though its longer-term impact
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DEWA wins Global Business Excellence Award 2019
Dubai Electricity and Water Authority (DEWA) announced that it has won the Best Customer Service Initiative through the