Friday 29 April 2016
 
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UAE

UAE raises May gasoline, diesel prices

The UAE will raise domestic prices for gasoline and diesel in May after global oil prices increased, the ministry of energy said on Thursday. The price of a litre of octane 95 gasoline will rise to Dh1.67 ($0.46) at the start of n

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Dubai to offer 20,000 to 30,000 budget rooms by 2020

The influence of millennials and their preference for quality over luxury, as well as the rise of a new breed of trendy and tech-friendly mid-market hotel brands, was the focus of a dedicated PwC-hosted panel session yesterday (April 27).

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Laticrete launches first pump truck in UAE

Laticrete Middle East has launched its first pump truck, which will allow construction professionals in Middle East to finish new concrete or level existing slabs to the highest standard in record time while significantly reducing project costs.

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Sobha to launch residential island development in UAE

Sobha Group, a leading luxury real estate developer, has announced the launch of “Firdous Sobha”, an integrated world-class resort and residential island development in Umm Al Quwain. Aimed at setting new heights in de

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UAE property prices likely to drop further in 2016

The real estate prices in the UAE are likely to continue declining this year mainly due to the oil slump which has inturn dampened the hiring and expansion plans of energy firms besides the softening of non-oil private companies' business ac

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UAE emirates 'complement each other in tourism race'

The Future of the UAE as a Global Tourism Hub was the headline session opener for the new Global Stage at ATM 2016 yesterday (April 25), as eight of the Emirate’s leading tourism and hospitality minds shared their experience and insight in

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Hyatt to focus on expansion in UAE, Saudi Arabia

Global hospitality group Hyatt has announced plans to focus on the brand’s expansion into the key regional markets of the UAE and Saudi Arabia. “The Middle East provides a unique and diverse arena for us to evolve our

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UAE elevator, escalator market to grow at 3.9pc

The UAE elevator and escalator market will grow at a compound annual growth rate (CAGR) of 3.9 per cent during 2016 to 2022, according to 6Wresearch, a leading market intelligence and advisory centre. UAE is the second largest con

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UAE elevator, escalator market to grow at 3.9pc

The UAE elevator and escalator market will grow at a compound annual growth rate (CAGR) of 3.9 per cent during 2016 to 2022, according to 6Wresearch, a leading market intelligence and advisory centre. UAE is the second largest con

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Du Q1 net profit slips 1.4pc as tax rate rises

Du, the UAE's No 2 telecom operator, reported a 1.4 percent fall in first-quarter net profit on Tuesday after it paid a higher rate of tax than a year earlier. The firm, which ended rival Etisalat's domestic monopoly in 20

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