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Last Updated: Mon, Jul 25 2016 | 3:07 PM |

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5

Pret To Go announces Dubai expansion plan

Pret To Go, the eatery located in the heart of the Dubai International Financial Centre (DIFC), on Tuesday announced plans to launch four additional outlets across the emirate. The brand which provides...

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Posted by: Fentoni Jul 25, 2016 3:58 PM [UAE]

I hope this doesn't scupper plan to open 'Har-rods Dubai' store. I will have a small section selling posh fishing poles but mostly i'll be selling everything you'd expect from an upmarket department store, say one that's located on Brompton Road in Knightsbridge.

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8

Dubai's Damac says Akoya project to expand by 33%

Damac Properties on Monday said it has launched sales of luxury villas at Akoya Park, the latest phase of its multi-billion dirham project in Dubai, which will add 14 million sq ft to the original 28 million...

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Posted by: R Jones Jul 25, 2016 3:58 PM [United Kingdom]

Ripped off with Palm Springs by Damac. Bought 2003 and they did not honour the contract. We had to virtually take them to court when they did give us back the money we paid. Still it did not take into account money lost using lawyers and the premium we paid a seller. Nakheel doing the same with Waterhomes. Only buy what is built.

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2

New images released of Dubai Steps project

Dubai Municipality officials are starting to narrow down a list of possible locations for one of Dubai's new iconic landmarks, Dubai Steps.New computer generated images of Dubai Steps were released on...

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Posted by: ahmed Jul 25, 2016 4:00 PM [UAE]

Great idea... I think it would look nice if it was located on the banks of the creek, and the steps go over the creek.

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4

Authorities close down Dubai forex trading scheme

The Dubai government has shut down a foreign exchange trading firm in Dubai pending further investigations.Officials from the Department of Economic Development (DED) closed the offices of Exential Group...

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Posted by: john Jul 25, 2016 3:59 PM [uk]

Why am I not surprised?? Anyone offering ridiculous returns for a lump sum investment must be fraudulent or its a ponzi scheme. Also investors must be deranged to invest in the first place. If this has happened before how did forex get a licence to trade? J

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2

Entrepreneur of the Week: Iman Ben Chaibah

Our latest Entrepreneur of the Week, Iman Ben Chaibah, founder of Sail Publishing, a digital content hub about cultural and community matters written in English by Emirati columnists, aims to foster love...

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Posted by: Bethrand Ekene E Jul 25, 2016 4:00 PM [Nigeria- West Africa]

The 21st century has the buzzword ''Entrepreneurship'' The inspiring and praiseworthy thing is that women are no longer passengers, they are now drivers of the vehicle of Entrepreneurship. Kudos!

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1

Abu Dhabi Global Market eyes dedicated stock exchange

Abu Dhabi’s financial free zone has signed a cooperation agreement with Abu Dhabi stock market – the first step in establishing a stock exchange at the free zone.Abu Dhabi Global Market (ADGM) said on...

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Posted by: expat08 Jul 25, 2016 4:00 PM [uae]

Ultimately success will come from low listing costs vs. the other exchanges.

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4

Middle East online jobs market sees record 21% slump in June

The number of job opportunities posted online for qualified job candidates in the Middle East registered its third successive year-on-year slump in June, according to the Monster Employment Index.The Monster...

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Posted by: nrr Jul 25, 2016 4:00 PM [Dubai, U.A.E]

@One Guy, From a business point of view, since the costs have gone up, with the reduction in business transactions, how would any business be able to raise salaries of their staff?
Business or Individual, the equation has been the same, Income is at the level of 2010-2012, and the costs have increased by 25%-40%.

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1

No minimum wage plan for domestic workers, says Bahrain

Bahrain will not set a minimum wage for its domestic workers due to the free-market nature of its economy, according to officials.The change would not help the country’s labour market since it works on...

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Posted by: H.T Jul 25, 2016 11:25 AM [UK]

The statement of not putting minimum wage due to free market economy is a joke, at best. The minister needs to be honest and transparent and say they would rather not do it so as to not burden a family with more costs.

Well done to Kuwait for this move, for which is has nothing to do with an economy. An employee's right to live a decent life and make a decent wage is irrelevant with the free market movement and everything to do with labor rights and liberty.

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1

Thumbay Group reveals $163m MENA expansion plan

Dubai-based Thumbay Group plans to build six new hospitals in the UAE and beyond, a senior executive has revealed.The company announced in June that its construction subsidiary would build AED600 million...

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Posted by: Spurgeon Sugumar Jul 25, 2016 10:00 AM [United Arab Emirates]

10,000 new employees by 2012 ? typo pls correct

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2

Indians top list of non-GCC investors in Dubai real estate

A total of AED57 billion ($15.5 billion) was invested in Dubai’s real estate market in the first half of 2016, the latest figures from Dubai Land Department (DLD) show.The figure was invested by 26,000...

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Posted by: Lars Hansen Jul 25, 2016 10:57 AM [Portugal]

This data would be more informative and therefore drive other "related investments" if the real estate investments were classified as:- "Sweat"ie make the investment work eg rental,.......... "Swim"ie relax occasionally as 2nd home.........or "Switch" relocate to live permanently in Dubai.

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