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Emaar posts AED1.2bn profit in Q1

  DUBAI / WAM Emaar Properties PJSC has recorded first-quarter (January to March) 2016 net profit of AED 1.205 billion (US$ 328 million). This is an increase of 17 per cent compared to the net profit of AED 1.026 billion (US$ 279 million) during the same period last year. Led by significant progress in construction of its projects, Emaar’s Q1 ...

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Mohammed orders 20% pension hike

  DUBAI / WAM Vice President and Prime Minister of the UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum in his capacity as Ruler of Dubai issued Resolution No (5) of 2016 pertaining to an increase in the pensions of retired local civilians in Dubai who are not affiliated to the General Pension and Social Security Authority, and whose ...

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MDC meet discusses economic regulations

  ABU DHABI / WAM The UAE’s Ministerial Development Council (MDC)presided over by HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, discussed the establishment of the International Centre for Registration of Patents, reflecting the UAE government emphasis on innovation and competitiveness at various levels in accordance with the UAE National Innovation Strategy launched ...

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