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Investors rush to subscribe to Abu Dhabi National Bank
National Bank of Abu Dhabi National Bank of Abu Dhabi (NBAD), Abu Dhabi's biggest lender by assets said yesterday it has issued $465 million senior unsecured convertible bonds, convertible into ordinary shares of NBAD. The issue was more than three times oversubscribed."The offering, due in 2018, was increased from an initial amount of $350 million following strong demand from ...
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Sharjah entices Saudi tourists with new Air Arabia route
More than 195,400 Saudi tourists visited the emirate last year, boosted by Air Arabia's flights to seven destinations in the kingdom. Jeff Topping / The ...
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Two drown and three are rescued while swimming off Dubais Jumeirah Beach
Two people have died after going swimming off Jumeirah Beach, Dubai Police have confirmed. A spokesman said the deceased were in the water with three others on Friday when they found themselves in difficulties. Four were taken to hospital after rescuers came to their help, and the fifth was swept out to sea. One of the four died in hospital. The body of the missing person was recovered ...
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Growing concern over rising levels of personal debt among Emiratis
DUBAI // A nationwide programme to boost financial literacy among young Emiratis was launched yesterday amid growing concern over levels of personal debt. "Financial literacy, which is critical for managing personal finances effectively, is not on par with international standards among young Emiratis," said Abdul Aziz Al Ghurari, a member of the Emirates Foundation board, chief ...
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Teen planned to attack his high school with bombs
An Oregon high school student is being charged with attempted murder after the authorities say he planned to attack his high school with bombs. The student, 17-year-old Grant Acord, was taken to a juvenile jail Thursday night after police received a tip that the youth was making a bomb to blow up West Albany High School. Benton County District Attorney John Haroldson said late Saturday ...
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Sharjah door delivery booze service busted
Sharjah Police have arrested a watchman who used a room in the building he worked in, to run an illegal bootlegging business. Two others involved in the crime were also arrested. The suspect, of Asian nationality, used the electricity transmitter room on the roof of a building in the Al Butaina area to store around 647 bottles of alcohol. The arrests come as part of Sharjah Police’s ...
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Why every woman now wants to be Angelina Jolie Dubai demand for breast cancer gene test
1: Angelina Jolie ($30 million) - Jolie is the only woman making bank for playing action heroes these days. 'Salt', which was originally written for Tom Cruise, brought in $300 million on a budget of $110 million. Her other movie from 2010, 'The Tourist', earned 75% of its $280 million box office overseas. ...
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RTA increases Dubai Metro peak-hour frequency
Dubai's Roads and Transport Authority (RTA) has increased the metro frequency during peak hours, Emirates 24-7 has reported. While a metro would arrive at a platform every 3.5 minutes one month ago, commuters will not wait any longer than three minutes with the new frequency during peak hours, which runs from 6.30-9am, and 4.30-8pm. "We increased the Metro frequency at peak hours, ...
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Xumanii in partnership talks with Abu Dhabi Media
US-based Xumanii has said it has entered into initial talks to explore partnership opportunities in the UAE with Abu Dhabi Media. The firm offers a platform that broadcasts live events in HD with a new, patent pending, technology that combines hardware and software wirelessly from multiple cameras at events for an extremely low production cost. Xumanii is looking to align itself with global ...
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Etisalat increased bid for Maroc Tel
Etisalat has raised its bid for Vivendi's Maroc Telecom over rival Qatari bidder Ooredoo, Reuters has reported, citing two people familiar with the matter. Etisalat's bid needs further work, however, and has more legal conditions than Ooredoo's offer, so Vivendi has not yet made a final choice, the people said. "If Etisalat cleans up its offer, then it wins," said one of ...
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MAF to spend up to $1bn on expansion in 2013
The sole franchise of hypermarket chain Carrefour in the Gulf region, Majid Al Futtaim Holding (MAF) has said it expects capital investments of up to $1bn this year as it expands its foothold in the region, Reuters has reported. "Our capital investments could be anywhere between $600m and $1bn this year," said the chief executive of MAF, Iyad Malas. The developer and operator of ...
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Top Stories on Dubai Chronicle on May 26th
One of Dubai biggest (or shall we say tallest) treasures and prides, Burj Khalifa, may soon lose its title ‘World’s Tallest Building.’ Moreover, this may happen as soon as this year. ...
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DHAs prescription to boost medical tourism in Dubai 3 new hospitals 40 clinics
In a bid to achieve this target growth, DHA confirmed the need to build additional hospitals and clinics to serve this purpose. Al Maidoor said: "Based on this, the Dubai Health Strategy master plan includes construction of three new hospitals and 40 primary healthcare centres across the geographical areas of the emirate." The three new hospitals include the Sheikh Mohammad bin ...
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Quitting Your UAE boss might offer you a pay-to-stay bonus
Is your boss not acknowledging your hard work or he seems to be in oblivion and comes out as indifferent if you talk about your achievements? If they're stretched to maintain a tight budget, no boss would happily give an increment or bonus to an employee, but they will be smart enough to persuade you to stay if you happen to be an important member of the team and your work does matter ...
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Jet Airways shareholders Okay 24-stake sale to Etihad
(MENAFN) Jet Airways announced that its shareholders okayed the 24-percent stake sale to Etihad Airways, reported Arabian Business.Last month, the Abu Dhabi-based carrier announced that it will buy the stake in the Indian airline for USD370 million.According to Jet Airways' secretary, Arun Kanak, the airline postponed seeking shareholder endorsement for a new set of Articles of Association ...
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UAE- Where quality is a habit
(MENAFN - Khaleej Times) Prime HealthCare Group received the Dubai Quality Appreciation (DQA) Award 2012 for the second time (2007 and 2012 cycle) owing to excellence in the areas of high service quality, appreciable level of customer satisfaction, strategic branding, employee care, frequent free health check up and health awareness programmes for the community.Prime Healthcare Group is an ...
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FGB 3rd most powerful UAE firm Forbes
(MENAFN - Khaleej Times) First Gulf Bank, or FGB, has been recognised as the third most powerful company in the UAE and the sixth leading bank in Forbes' Top 500 in the Arab World list.The bank was recognised for its outstanding financial performance in 2012 and solid potential for growth.Karim Karoui, the bank's chief financial officer, received the award during Forbes' Middle ...
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Two phases of Dubais Acacia Avenues complete
Abyaar Real Estate Development Company has announced the that it has completed phases one and two of its Acacia Villas project at Acacia Avenues - the first freehold development in Dubai's Jumeirah district. The project, which was initally launched in 2007 at a cost of $545m (AED: 2bn), is being built on a ...
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Meet The UAE’s Mompreneurs
As a mom-stroke-businesswoman-stroke-SME evangelist, it's no wonder Mona Tavassoli says she carries two diaries. "It's all about the balance," says the Iranian dot.com entrepreneur. And she should know. Tavassoli gave birth to her first baby almost two years ago, swiftly followed by the creation of ...
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Etihad Airways keen to do more business with UAE companies
government departments. The objective of the symposium was to further strengthen Etihad Airways’ reputation and brand in ...
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High chiller fees freezing us out of our homes say RAK residents
Al Hamra Village developers in Ras Al Khaimah have been in dispute with residents and owners since last year when high bills were calculated on electricity consumption. Sarah Dea / The ...
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Trainee vets pick up tips from Emirati vet
Dr Majid Al Qassimi, one of the two practising Emirati veterinary surgeons in the UAE, gives his lecture to students of Al Ain Women's College, telling students of some of the predicaments the job has left him in. Jeffrey E Biteng / The ...
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Advertising sector needs more supervision says Abdullah
ABU DHABI // The advertising industry needs greater regulation to prevent fraud, Sheikh Abdullah, head of the National Media Council (NMC) and the Foreign Minister, has agreed. At a session of the FNC, Sheikh Abdullah heard from Ali Al Nuaimi (Ajman), who complained that adverts in newspapers and on websites were being used by fraudsters to sell faulty products and carry out scams and in some ...
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Nationwide programme intends to rectify expanding Emirati debt levels
DUBAI // A nationwide programme to boost financial literacy among young Emiratis was launched yesterday amid growing concern over levels of personal debt. "Financial literacy, which is critical for managing personal finances effectively, is not on par with international standards among young Emiratis," said Abdul Aziz Al Ghurari, a member of the Emirates Foundation board, chief ...
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Driving instructor cleared of strip charge in Dubai
DUBAI //A driving instructor sentenced to jail after changing his clothes in front of a student has been cleared by the Appeals Court. The court overturned the one-month jail term and deportation order given to RK, 44, from Pakistan, who in March was found guilty by the Misdemeanours Court of breaching the woman's modesty. The instructor changed in the back seat of his car after a lesson ...
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