Portugal supports IRENA base at Masdar

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Portugal will support the UAE’s bid to host an international agency dedicated to renewable energy at a vote later this month, a top official said yesterday, adding an influential voice to a growing

DubaiSat-1 set for launch on July 25

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The Dh180 million DubaiSat-1 remote sensing satellite, designed to collect data on the earth and space, is to be launched on July 25.

New unit to track inflation

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The UAE said yesterday it had created a new unit to gather regular consumer price information and publish monthly data on inflation in line with recommendations by the International Monetary Fund (

DIB maintains high liquidity

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Dubai Islamic Bank (DIB), the largest Islamic bank in the world, has Dh15 billion on deposit with the Central Bank. This is Dh10bn more than the statutory minimum required, analysts said.

UAE personal loans decline 11% in April

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Personal loans extended by UAE banks fell 10.9 per cent in April compared to the end of last year, while the gap between loans and deposits narrowed over the same period, Central Dank data showed.<

UAE aircraft traffic surges 11.5% in May

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The aircraft movements in the UAE rose 11.5 per cent in May compared with a year- ago period despite the economic slowdown, according to the UAE General Civil Aviation Authority (GCAA) according to

Emirates in Dh11b deal on A380 maintenance

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A US$3 billion (Dh11 billion) management, repair and overhaul (MRO) deal was formalised between Emirates airline and Engine Alliance, a US-based producer of A380 engines according to a report in "G

DTCM to announce new classification of hotels in Q3

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The Dubai Department of Tourism and Commerce Marketing, DTCM, will reveal the new classification of Dubai hotel properties in the next quarter, according to a senior official.

Hotels asked to slash rates by up to 50% for DSS

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The Dubai Department of Tourism and Commerce Marketing (DTCM) will tell hotels to reduce room rates by up to 50 per cent in order to boost tourism traffic during the 65-day Dubai Summer Surprises s

Dubai Summer Surprises set to be bigger, better

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The Dubai Summer Surprises (DSS) mascot ‘Modhesh’ who promises ‘Big Fun for Little Ones’ is back this summer with bigger, better and amazing surprises for kids and adults alike according to a repor

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