Tuesday , February 21 2017

AED 15 million spent by title sponsor on Literature Festival

At least AED 15 million is spent by the title sponsor of the Emirates Airline Festival of Literature in Dubai every year. That’s according to Boutros Boutros, Divisional Senior Vice Presidents Corporate Communications, Marketing and Branch for The Emirates Group Headquarters. Boutros told ARN that it takes at least twelve ...

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Middle East will spend $294 billion on oil and gas projects

Despite dropping oil prices, the Middle East will spend $294 billion, or AED 1.07 trillion, on oil and gas projects. MEED’s MENA Oil & Gas Report 2017 shows that the MENA region continues to pump money into oil infrastructure in order to maintain capacity and meet expansion targets. The UAE ...

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Inflation fell sharply in UAE in December

Inflation in the United Arab Emirates fell sharply in December to 1.2 per cent on an annual basis, compared with 2.6 per cent in November. According to the UAE National Bureau of Statistics, housing and utility costs increased by 1.6 per cent since the previous year. These account for 34.1 ...

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Soon, Dubai will unveil world’s first rotating skyscraper

The world’s first ever rotating tower is officially coming to Dubai. After being put on hold for more than eight years, plans to build and develop Dynamic Tower is back on track. According to Dynamic Architecture, the firm designing the project, each apartment in the 80-storey building will rotate independently ...

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UAE, Australia to explore deeper defence ties

The United Arab Emirates and Australia are considering a 10-year defence plan, which could include more than AED 2.8 billion in sales to the Emirates. According to reports, the two countries are looking to forge closer defence ties at this week’s International Defence Exhibition and Conference (IDEX) in Abu Dhabi. ...

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Over AED 5 million worth of fake items seized in Sharjah

Fake goods amounting to more than AED 5 million have been seized in Sharjah. According to the emirate’s Economic Development Department, most of the counterfeit products are body-care and cosmetic items and fake auto spare parts. Officials are warning people not to buy fake and cheap goods as these can ...

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