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Louvre Abu Dhabi to open its doors on November 11

Abu Dhabi / WAM Louvre Abu Dhabi on Wednesday announced it will open its doors to the public on November 11. It is the first museum of its kind in the Arab world: a universal museum that focuses on shared human stories across civilisations and cultures. The opening celebrations will include a wide range of public programmes, including symposia, performances, ...

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Azizi Developments delivers AED428mn projects in 20 months

Dubai / Emirates Business Azizi Developments, a fast growing Dubai-based real estate developer operating in the UAE for over a decade, has announced the completion and delivery of three new residential projects in Al Furjan in a span of just 20 months. The launch of the three projects — Azizi Daisy valued at AED175million, Azizi Freesia valued at AED128million and ...

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Japan’s $95bn REIT market gets mom and pop investors’ boost

Bloomberg This summer, Japanese real estate investment trusts benefited from an unexpected group of net buyers for the first time in nearly seven years: mom and pop investors. Encouraged by the relatively lucrative returns, an increasing number of retail investors are putting their money in some of 58 publicly-traded REITs tracked by the Tokyo Stock Exchange’s gauge. Individuals were net ...

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McDonald’s Japan sees new store expansion

Bloomberg McDonald’s Japan is adding to its restaurant count for the first time in five years, underscoring a turnaround that prompted its US parent to reverse a decision to sell a stake in the company. McDonald’s Holdings Co. Japan plans to open more restaurants than it will close in the second half, said Chief Executive Officer Sarah Casanova, adding that ...

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As world watches Kim, China builds South China Sea clout

Bloomberg As Kim Jong Un’s antics in North Korea capture global attention, China is quietly moving to bolster its grip on disputed territory in the South China Sea. Last month, a Philippine lawmaker released photos he said showed Chinese fishing, coast guard and navy vessels surrounding a Philippine-occupied isle in the Spratly island chain, preventing planned repairs to a runway. ...

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UAE appreciative of those who work for its development: VP

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Tuesday chaired a brainstorming session with his team. The session was attended by HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the ...

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UAE non-oil foreign trade reaches AED401bn in Q1

Abu Dhabi / WAM The UAE total non-oil foreign trade volume of Q1 2017 reached approximately AED401 billion against AED388 billion during the same period last year, a growth of 3.2 percent, according to statistics released by the Federal Customs Authority. Direct foreign trade, which represents 68 percent of the UAE’s total trade volume, was valued at AED272 billion during ...

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Dubai Customs nominated for 6 categories of Ideas UK and Ideas America 2017 award

Dubai / WAM Dubai Customs has been nominated in six main categories of the ‘Ideas UK and Ideas America 2017’ awards. The categories in Ideas UK 2017 are the best safety and environment solution, and in Ideas America 2017, the best innovation, the best safety and environment solution, the best ambassador and communication director. Dubai Customs is participating in ‘Ideas ...

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UAE Space Agency and IAF discuss cooperation in space science, research

Dubai / Emirates Business A UAE Space Agency delegation, led by Chairman Dr Ahmad Belhoul Al Falasi, met the President of the International Astronautical Federation (IAF), Dr Jean-Yves Le Gall, to discuss a range of opportunities for collaboration in space science, research and education. Al Falasi also highlighted the UAE’s interest in hosting the International Astronautical Congress in 2020, coinciding ...

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Angry Birds maker plans IPO that may value it at $2 billion

­­­­­­­­­­­Bloomberg Angry Birds maker Rovio Entertainment Oy plans to sell shares in a Helsinki initial public offering, seeking funds to support its resurgence seven years after releasing its best-selling mobile-game title. Main owner Kaj Hed, 62, and some other holders will sell shares, and Rovio will offer about $36 million of new stock, the company said Tuesday, without providing a ...

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