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Markets

2,774.87 1.30%
Volume
146,180,870
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1.30%
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2,553
30
Up
1
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Traded stocks 36
5,299.08 1.22%
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15
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DRC
8.91
IFA
0.25
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0.9
Sudatel
0.4
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0.89
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0.41
Amlak Finance
0.32
Sharjah Islamic Bank
1.12
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16
IHC
1.66
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4.95
Aldar Properties
2.18
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1.66
Sharjah Islamic Bank
1.12
Aldar Properties
2.18
Arkan
0.37
Aldar creates new unit with AED20bn assets - Dotemirates

Aldar creates new unit with AED20bn assets

ABU DHABI / WAM Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, on Wednesday announced the creation of Aldar Investment Properties LLC (‘Aldar Investments’), the region’s largest diversified real estate investment company. The company will take ownership of some of Abu Dhabi’s highest quality, revenue-generating real estate assets, valued at AED20 billion ($5.4 billion).Aldar Investments, currently a 100% owned subsidiary of Aldar, is designed to drive greater operational and capital efficiencies that will unlock value for shareholders and create the foundation for a new phase of accelerated growth.Incorporated through Abu Dhabi’s international financial centre, Abu Dhabi...


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UAE News

12/07/2019

Police in UAE clamp down on phone 'credit' peddlers

Despite the massive police crackdown on phone scammers, men peddling prepaid credits are still being spotted on Sharjah streets, authorities and residents have said. A total of 37 Asians - believed to be part of the gangs that run the prepaid load racket - have been arrested in the last three months, said Col Ibrahim Al Ajill, director of the criminal investigation department of the Sharjah Police. "Most of the peddlers who were arrested were Asian workers and illegal residents. Some were flown into the country specifically for the scheme," according to the police. The peddlers were often found standing...
12/07/2019

Forget the stress, stay safe with travel insurance

The UAE, well established as a travellers' hub, is witnessing a spurt in people opting for travel insurance. The document is no more just a piece of paper that is added to the travellers' burden before embarking on a journey. More and more people, be it residents or tourists, are identifying it as a gateway to a peaceful journey. No insurance = No travel Rajesh Chhatliani, an Indian expat in Dubai, said: "Who would want their travel plans to be altered due to flight cancellations or rescheduling? Also nobody likes that an amazing trip turns sour due to unforeseen events...
12/07/2019

Indian couple returns to Dubai to celebrate 50 years of marriage

Married for 50 years, Indian couple Claudina and Jovito Alphonso have returned to Dubai after 14 years of retirement to renew their wedding vows at the St Mary's Church in Dubai, where they got married half a century ago. Ahead of celebrating their 50th wedding anniversary in Dubai, Khaleej Times asked the septuagenarians what their secret to a long, happily married life is. The couple answered: "In sickness and in health, in happiness and during troubled times, not once did we leave each other's side." Hailing from Goa, the 73-year-old Jovito and 71-year-old Claudina were childhood friends and neighbours. After...

12/07/2019

Photos: UAE's first astronauts try on their space suits in Moscow

UAE's first astronauts are getting suited and booted for their upcoming space mission, during a fitting in Russia. According to images released by the Mohammed bin Rashid Space Centre on Friday, Hazza Al Mansouri and Sultan Al Neyadi were seen trying on their customised Sokol space suits and trying out their Soyuz seat liners during a fit check at the Zvezda facility in Moscow. They returned to Moscow after completing their training at the European Astronaut Centre (EAC) of the European Space Agency (ESA) in Cologne, Germany. Hazzaa AlMansoori and Sultan AlNeyadi undergoing a fit check of their #Sokol space...
12/07/2019

Masdar to pursue renewable energy opportunities in Armenia

YEREVAN, Armenia, 12th July, 2019 (WAM) -- Abu Dhabi Future Energy Company, Masdar, is pursuing renewable energy opportunities in the Republic of Armenia, a country with considerable potential for solar and wind energy development. Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and David Papazian, Chief Executive Officer of the Armenian National Interests Fund (ANIF), today signed a Memorandum of Understanding, MoU, to explore collaboration in solar photovoltaic (PV) energy (200MW), onshore wind power (200MW), and floating solar power (100MW). Addressing a high-level audience of government, business and media today in Yerevan, Al Ramahi said, "It is a great...
12/07/2019

UAE reduces, cancels fees for over 1,500 govt services

The Ministry of Finance, MoF, revealed on Thursday that over 1,500 federal government services fees will either be reduced or cancelled. Also read: UAE work permit fees reduced by up to 94% This latest move follows the Cabinet decision issued on the reduction and cancellation of fees for the services of some federal entities, which took effect on July 1, 2019. Certain fees have been reduced by up to 50 percent to enhance the appeal of the national economy, and reduce the cost of doing business and bolster the competitiveness of the UAE. According to the decision, the changes will...