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Latest Business News from United Arab Emirates

United Arab Emirates with its world's sixth largest proven oil reserves and the fifth largest natural gas reserves has a critical influence inthe Gulf Region as one of the world's main Business Centers. Unlike other Gulf Nations, UAE focuses on trade and tourism apart from oilproduction, whichspread over seven Emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al-Khaimah, Sharjah and Umm Al-Quwain. Dubai among in these seven emirates perform as leader in world trading with its reputation as one of the leading tourist attractions inthe Middle East. This section focuses on UAE’s business news that cover Oil Production, Tourism,aviationetc.

 

Qataris' UK tax free spending jum...
Qataris lead Middle East spending in UK in July with average transaction worth more than $2,100
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Gulf Sotheby’s concludes $6.9m sale on...
Penthouse sold for $2,160 per square foot, a rate that rivals current average prices for property in London’s Mayfair and the Tribeca district in Ne...
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Oman gov't budget deficit grows t...
Oman is imposing a series of austerity measures as it struggles to cope with lower oil prices
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Gulf Sotheby’s concludes $6.9m sale on...
Penthouse sold for $2,160 per square foot, a rate that rivals current average prices for property in London’s Mayfair and the Tribeca district in Ne...
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IMF approves $732m loan to Jordan
Deal is focused on reducing public debt to 77 percent of GDP by 2021 from 94 percent now
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Abu Dhabi's $101m funding kicksta...
Abu Dhabi Fund for Development puts up money for phase 1 land reclamation work for North City
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Emirates NBD's Islamic unit said ...
Sources say Emirates Islamic has made lay-offs as part of cost-cutting plan to adjust to slower economy
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Bahrain, Kuwait agree $1bn financing a...
Deals cover plans for housing projects; part of grant provided to Bahrain by Kuwait via the Gulf Development Programme
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Video: China's richest man expect...
Wang Jianlin, chairman of real estate and entertainment conglomerate Dalian Wanda Group Co and China's richest man, says he expects to announce two ...
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SME debt crisis 'hit bottom' and ...
Loan growth to remain subdued in 2016, according to RAKBank chief executive Peter England
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Qatar buys $622m stake in Empire State...
QIA acquires 9.9% economic and voting interest in the company
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China the frontrunners for Abraaj...
Dubai-based Abraaj is seeking final bids for its stake by the end of August
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