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Dubai realty deals hit AED111bn in H1

DUBAI / WAM Dubai Land Department (DLD) has revealed that real estate transactions in the emirate for the first half of 2018 reached AED111 billion, reaffirming Dubai market’s attractiveness and ability to compete with global investment destinations. The strengths portrayed by Dubai’s real estate investments underscore the leadership’s mandate to ease business processes and procedures. According to a report issued ...

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Fares buys 50% shares of Tawseel Delivery Services

SHARJAH / WAM The UAE-based, Fares Foundation for General Trading, which specialises in logistics and distribution through land, air and sea, has acquired 50 percent shares of Tawseel Delivery Services, a Sharjah-based food delivery service. As per the acquisition agreement signed by the two parties, Fares will increase the number of its fleet of delivery vehicles, enabling Tawseel to provide ...

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Dubai Customs, South Korea explore fostering business

DUBAI / WAM The Director of Dubai Customs, Ahmed Mahboob Musabih, has received the newly appointed South Korean Consul General, Jion Yung Wok, where the two sides discussed means to enhance cooperation and promote trade and investment. During the meeting, Musabih reaffirmed importance of enhancing cooperation with the South Korean diplomatic mission, business council and Korean companies. Dubai non-oil external ...

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