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World's most powerful business phone “Galaxy Note 9” to change life significantly

Samsung has upped the ante with the launch of it latest flagship Android smartphone, Galaxy Note 9, that will change business and life significantly and reduce the use of laptops due to high-power battery, Samsung’s DEX technology that helps business presentations displayed through large-format LCD screens, eliminating the need to carry laptops.

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GCC debt issuance to exceed US$50 billion in 2018

GCC sovereign debt issuance is expected to reach US$53 billion in 2018, surpassing last year’s US$49.5 billion, according to Fisch Asset Management, a Zurich-based asset manager.

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Nakheel H1 2018 net profit declines 3.83% to Dh2.51 billion

Dubai’s master developer of communities Nakheel reported a 3.83 percent decline in net profit of Dh2.51 billion in the first six months of 2018, down from Dh2.61 billion recorded in the same period in 2017.

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Emrill announces $135 million worth of annual contracts

Emrill, a Dubai-based facilities management company, has announced contract wins and renewals for the past year of over US$135 million. This sets a new record for the UAE-based company, which has operations in both Dubai and Abu Dhabi and nearly 8,000 directly employed staff.

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Damac Properties’ H1 net profit plunged 46% to Dh862 million

Damac Properties’ net profit declined sharply by 46 percent to Dh862 million in the first half of 2018, compared to Dh1.6 billion of first half 2017, although its revenues for the same period rose 5.4 percent to Dh3.7 billion, up from Dh3.5 billion in the first half of 2017.

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Emaar net profits grow 18% to US$910 million in first half of 2018

Emaar Properties’ said its net profit grew by 18 per cent to US$910 million (Dh3.34 billion) in the first half of 2018, prior to considering the effect of the IPO of Emaar Development, compared to the net profit of US$772 million (Dh2.83 billion) recorded during the same period in 2017.

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Emaar Development records 68% growth in net profit to $496 million in half-year 2018

Emaar Development, the UAE build-to-sell property development business majority-owned by Emaar Properties, reported a 68 percent jump in net profit to US$496 million (Dh1.82 billion) during the first six months (January to June) of 2018, compared to US$294 million (Dh1.08 billion) during the same period last year.

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Aldar Properties’ H1 net profit declines 13% to Dh1.1 billion

Aldar Properties’ net profit declined 13 percent to Dh1.1 billion in the first half of 2018, compared to the first half of 2017, although its gross profit for the same period rose 5 percent to Dh1.4 billion, up from Dh1.3 billion in the first half of 2017.

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Danube Properties’ Dh550 million Lawnz project at International City, sold out in record time!

Danube Properties, a major Dubai-based property developer, announced that its latest project – the Dh550 million Lawnz – has been sold out within five days of its launch.

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More than half of eligible UAE expats seek second passport

About 51 percent of the eligible expatriates of the UAE are seeking a second passport According to a research by AAA Associates, a leading immigration service provider.

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