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Emaar Development approves Dh1.04 billion special cash dividend

The General Meeting of Emaar Development, the UAE build-to-sell property development business majority-owned by Emaar Properties, approved the distribution of Dh1.04 billion (US$283.15 million), representing 26 per cent of the share capital being 26 fils per share, as special cash dividend to the company’s shareholders.

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Deyaar reports marginal growth in net profit of Dh100.8 million for first nine months of 2018

Deyaar Development, one of Dubai’s leading property developers, announced its net profit for the first nine months of the year, as detailed in the company’s financial statement for January-September 2018.

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Flexible working to contribute US$10 trillion to global economy by 2020

A predicted boom in flexible working could contribute $10.04 trillion to the global economy by 2030, according to the first comprehensive socio-economic study of changing workplace practices commissioned by Regus and conducted by independent economists, studied 16 key countries to delve into the state of flexible working both now and through 2030.

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Middle East set to add 500 cinema screens in 3-5 years as MENA Cinema Forum gears up to host 450 delegates

The number of cinema screens is set to jump 38.4 percent to 1,800 in the Middle East and North Africa (MENA) region in the next 3-5 years, up from 1,300 at present, according to a research by PriceWaterhouseCooper (PWC), one of the world’s leading professional services firms and the Knowledge Partner of the MENA Cinema Forum.

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Dh60.3 bn UAE federal budget to boost the real estate sector

The UAE cabinet’s Dh60.3 billion federal budget will pave the way for a significant increase in government spending that will in turn benefit the Dubai real estate market, according to JLL’s latest Q3 report.

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Aras Group arranges Dh3 bn worth of funds for 100 projects

Aras Group, a Dubai-based diversified financing experts, has helped arrange Dh3 billion worth of funds for 100 projects across a diverse portfolio ranging from real estate, renewable energy, hospitality, start-ups, refineries and ships, etc.

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Dubai records Dh162 billion transactions in real estate in 9 months

Land transaction value in Dubai exceeded Dh162 billion in the first nine months of the year, Dubai Land Department said in a latest report.

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Gulf investors urged to pursue U.S. EB-5 Investor Programme and help create employment in America

The United States Congress has recently passed a reauthorisation of Employment-Based (EB-5) Investor Immigration Programme till December 7, 2018, that extend the popular immigration through investment programme and help the US create more jobs, a top official said.

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Box office sales exceeds US$500 million in the Middle East as MENA Cinema Forum focusses on growth

Box office revenue exceeded US$500 million (Dh1.83 billion) in the Middle East and North Africa (MENA) region, according to a research by PriceWaterhouseCooper (PwC), one of the world’s leading professional services firms and the Knowledge Partner of the MENA Cinema Forum.

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Dubai Non-oil private sector growth softens to five-month low

Growth in Dubai’s private sector ended the third quarter on a weaker footing, with the latest expansion being the slowest since April, according to the Emirates NBD Dubai Economy Tracker Index.

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