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Dubai-based DP World has acquired the entire shares of Danish logistics firm Unifeeder Group, as part the port operator’s expansion move. The deal signed Tuesday cost the DP World (DPW.DI) the tune of 660 million Euros (762.6 million USD), Reuters Read more
Authorities in Dubai emirate will start rating medical centers both public and private, from next year as they seek to improve health care services and facilities for the safety and wellbeing of the patients. The plan, floated by Dubai Health Read more
Dubai-based Emirates Airlines has not given a toss to rumors that it is planning to invest in South African Airways (SAA) after reports in South Africa said the two carriers had held talks through the United Arab Emirates (UAE) embassy Read more
Aircraft lessor Novus Aviation Capital and Boeing agreed Thursday on the purchase of four Boeing 777-300ERs by the Dubai-based company, in a deal estimated at $1.4 billion at list prices. The commitment was sealed at Farnborough International Airshow, taking place Read more
Property developer group Emaar Wednesday announced it will erect in Dubai the Middle East largest Chinatown, at 10-minute drive from the mega city’s international airport. The future Chinatown will stretch on 6 km2 and will be located within the retail Read more
Qatar’s Katara Hospitality has emerged as the new owner of New York’s palace-like Plaza Hotel after it splashed out around $600 million on the property near Central Park. Hotel owner, India’s Sahara Group agreed to let to property to the Read more
United Arab Emirates (UAE) authorities in charge of security and commodities regulations have instructed companies to report on and freeze assets of nine Iranian individuals and organizations appearing on the country’s terror list. Securities and Commodities Authority has ordered all Read more
Non-oil trade figures between the United Arab Emirates (UAE) and Hong Kong have increased by 5.1 per cent reaching $8.9bn last year compared with 2016, making the Gulf country the leading Middle East partner of the Chinese autonomous territory. Juma Read more
To attract larger Chinese tourist populations and promote the UAE’ largest city, Dubai Tourism authorities have decided to forge alliance with China’s online tech and marketing giant Alibaba. The alliance has been established through a Memorandum of Understanding (MoU) signed Read more
The United Arab emirates authorities have chosen April 18 for the soft launch of Queen Elizabeth 2 (QE2), turned into a floating hotel with room rate set at $163. The 13-deck floating boat is docked at Dubai’s Port Rashid. The Read more