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DUBAI NEWS

Dubai real estate transactions for first half 2014 top AED 113bn
Dubai Land Department has announced that the total amount of real estate transactions recorded in the emirate for the first six months of 2014 exceeded AED 113 billion.

Deyaar registers a record 129% increase in consolidated net profits for Q2 2014
Deyaar Development PJSC reported a consolidated net profit of AED62.5 million for the second quarter ended June 30, 2014.

Mumbai Joins Flydubai’s Growing Network
Dubai-based flydubai today announced the launch of flights to Mumbai, bringing the total number of destinations served by the carrier in India to seven,with 25 flights a week.

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DUBAI FEATURES

DUBAI - TOP DESTINATION FOR GLOBAL EVENTS AND EXHIBITIONS

As the global financial crisis continues to grip the world’s most advanced economies, the UAE holds prime position - amongst a handful of nations, the Middle East giant stands well positioned for growth, boasting an optimistic business community and robust investment opportunities.



UAE to issue bonds by 2018

The UAE will look to help its banks meet liquidity requirements by issuing Federal Government bonds, possibly by 2018, according to an official at the Finance Ministry. In an attempt to comply with Basel III requirements, UAE banks, such as Emirates NBD and the National Bank of Abu Dhabi, will be encouraged to buy some of the dirham-dominated debt.



A Preview of the New Four Seasons Resort Dubai at Jumeirah Beach

Sweeping into the palm-lined drive after a remarkably brief ride from Dubai International Airport, the first thing guests will notice are eight ancient olive trees, evoking a Mediterranean vibe and perhaps hinting at the pleasures of the palate to come. Entering the palatial lobby with its dazzling view of the sea here in one of the world's most exciting cities, the moment all but says aloud, you have arrived.


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ABU DHABI NEWS

Jet Airways And Etihad Airways Reinforce Commitment To Growth Of India’s Aviation Industry And Economy
Jet Airways, India’s premier international airline, and Etihad Airways, the national airline of the United Arab Emirates.

"Central Operations" Crowned Champion Of Deputy Commander-In-Chief Of Abu Dhabi Police Ramadan Championship
The Central Operations Department team at Abu Dhabi Police has recently been crowned with the Cup of the Ramadan-special Seven-a-side Football tournaments, as part of the Deputy Commander-in-Chief of Abu Dhabi Police Championship.

Abu Dhabi Ports Experience Significant Cargo Growth
ADPC’s commercial ports (Musaffah, Khalifa and Zayed Ports) have handled 6.4 million FT of general cargo, compared to 4.7 million FT in the first half of 2014.

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ABU DHABI FEATURES

Abu Dhabi real estate market experiences growth

JLL, the world's leading real estate investment and advisory firm, has released its second quarter (Q2 2014) Abu Dhabi Real Estate Overview report, whichprovides the consultancy's perspective on the latest trends in the office, residential, retail and hotel sectors in the Abu Dhabi market.



Zayed Programme approves AED 1.1 billion housing aid

The Sheikh Zayed Housing Programme, SZHP, has approved the names of 1,369 beneficiaries of the 2nd batch of housing aid valued at AED 1.157 billion. The names of the beneficiaries were approved during a meeting chaired by Dr. Abdullah Bel Haif Al Nuaimi, Minister of Public Works and Chairman of SZHP. The approval is in line with the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan to provide Emiratis a dignified life since their welfare tops the priorities of the government.



UAE based compareit4me.com closes first round of funding
compareit4me.com, the UAE based finance comparison site has announced the completion of its first round of funding at a valuation of over $3 million. The investment was led by Mulverhill Associates, a Dubai based investment and advisory firm focused on the Middle East. Jonathan Hall, Managing Director of Mulverhill Associates said ‘it’s fantastic to be involved with such an energetic and rapidly growing company as compareit4me.com. They have bootstrapped their way to being industry leaders, have 15 active banks working with them, are already profitable and most interestingly for us, they have enormous growth potential.’ Hall continued,’compareit4me has a significant foothold in a fantastic industry, it is a business model that has been extremely successful in other markets and we are delighted to be supporting the team.’

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SHARJAH NEWS

 
Sharjah International Book Fair Announces Registration For First Joint SIBF /ALA Library Conference
The Sharjah International Book Fair (SIBF) has announced that registration is now open for individuals and organisations working in the library sector.

Sharjah Islamic Bank Announces A 50% Rise In Net Profits To Reach AED 202.1 Million For The 2nd Quarter Of 2014
Sharjah Islamic Bank announced its 1st Half 2014 results with Net Profits reaching AED 202.1 million, compared to 134.7 million achieved in the same period last year, a 50% growth rate.

Sharjah Islamic Bank Launches Personal Finance Summer Offer
The new offer aims to provide the best rates on personal finance, which will also enable personal finance clients to benefit from reduced rates on all personal finance products.

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SHARJAH FEATURES

New book features unique collection of Islamic textiles from Sharjah

One of the world’s most important collections of Islamic textiles from the Sharjah Museum of Islamic Civilisation is being celebrated in a new publication created by Sharjah Museums Department (SMD).



Sharjah Commerce and Tourism Development Authority
Established in 1996 by the Government of Sharjah, the SCTDA has been in the forefront of promoting and taking Sharjah to the world with its relentless efforts and unmatched enthusiasm. The Authority constantly explores possibilities and avenues of promoting and developing tourism and commercial sectors in the emirate through special events, activities and festivals at home and around the world. It pursues its goals by planning and drawing up strategic plans to promote and develop tourism sector in all its forms. It conducts social and economic research and studies as well to evolve its strategies and pursue its goals. And as part of its strategy to promote Sharjah, SCTDA participates in local, regional and international exhibitions, focusing on the factors of distinction and exclusivity.

The Economist praises Sharjah’s efforts in water conservation
The Economist, a weekly international news and business publication, has confirmed that Sharjah s per capita consumption of water is consistent with the recommendations of the United Nations, pointing to the emirate’s numerous efforts in water conservation. A report by Sharjah Media Centre mentioned that the magazine in its recent issue titled "The World in 2014", commended on the fact that daily water consumption in Sharjah is estimated at around 200 liters per person, which is the average recommended by the UN.

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