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Dubai / Emirates Business The Rental Disputes Center (RDC), the judicial arm of the Dubai Land Department (DLD), signed a Memorandum of Understanding (MoU) with the Central Bank of the United Arab Emirates, in order to facilitate prompt information exchanges between the RDC and banks operating in the UAE for Rental Disputes. Furthermore, an electronic framework of cooperation will ...
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July, 2016
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16 July
99.8% compliance for midday break, says HRD ministry
Dubai /Â WAM The Ministry of Human Resources and Emiratisation registered 99.8 percent level of compliance for the midday break by 29,185 firms since the implementation date till mid-July, while 47 firms violated the laws. Maher Al-Obed, Assistant Undersecretary for Inspectional Affairs, said the records were gathered across the UAE by 18 teams of well-trained inspectors, pointing out that 29,232 ...
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16 July
UAE and UN Women wing sign pact to open Liaison Office in Abu Dhabi
New York /Â WAM In an agreement signed today, the Government of the United Arab Emirates committed to the opening of the new UN Women Liaison Office for Gulf Cooperation Council (GCC) in Abu Dhabi. As a founding member of the Gulf Cooperation Council, UAE has poised itself as forward looking country committed to gender equality and the empowerment of ...
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16 July
ME beauty & wellness market set to be worth $34.7bn by 2020
Dubai / Emirates Business The Middle East is rapidly becoming a high priority destination for the leading global beauty and wellness brands, thanks to it’s phenomenal growth rates. According to the latest research from Euromonitor International, the beauty and personal care market in the Middle East and Africa is expected to surge at 6.4% over the next five years, ...
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16 July
SUV market in Emirates trails on the right track
RITIKA SHARMA / Emirates Business Accounting for a major chunk of overall automobile sales, the SUV (sports utility vehicle) segment in the UAE is on the right track, experts say. The sales in the country are higher by a substantial 5-6 percent as compared to other GCC nations. Given the elements of luxury, style and comfort that are combined ...
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16 July
Sharjah charity lends helping hand to refugees
Sharjah / Emirates Business The Big Heart Foundation (TBHF) — a Sharjah-based global humanitarian charity dedicated to helping refugees and people in need worldwide — has donated US $150,000 (AED550,000) to support Rohingya refugees in Malaysia and displaced people in Iraq. Distributed by the United Nations High Commission for Refugees (UNHCR), the funds will be used to help overcome ...
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16 July
UAE’s second-hand car shoppers keen on speed, power and style
Dubai / Emirates Business dubizzle, the UAE’s leading classifieds platform, has announced user trends and behaviours on the motors section in Ramadan 2016, revealing an increase in demand for sports cars during this period. The holy month marks a major season for the automotive industry in the UAE with many residents buying new cars and selling current ones. ...
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16 July
Lughati launches its first summer camp
Sharjah / Emirates Business ‘Lughati,’ the Sharjah-based initiative dedicated to supporting learning Arabic the smart way, has launched its first summer camp for students. Running from July 13 – August 17, the camp will host around 500 male and female students, with activities taking place at various locations across the emirate; including Sharjah Ladies Club, Sharjah Women Sports Department, ...
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16 July
SriLankan Airlines launches Arabic site
Emirates Business SriLankan Airlines, the national carrier of Sri Lanka and a member airline of one world, has launched its Arabic website, providing its Middle Eastern travellers an enhanced and personalized browsing experience. The new site (http://www. srilankan.com/en_uk/ae) is equipped with advanced features to provide a hassle-free and comprehensive web experience, allowing the users the convenience of fulfilling travel ...
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16 July
KKR, Apollo-backed venture Aion to weigh Indian steelmaker deals
Bloomberg KKR & Co and Aion Capital Partners, a private equity firm backed by Apollo Global Management LLC, are among investors considering buying stakes in beleaguered Indian steelmakers, people with knowledge of the matter said. KKR and Aion are weighing investments in companies including Uttam Galva Steels Ltd, backed by billionaire Lakshmi Mittal, and Bhushan Steel Ltd., the people ...
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