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Jumeirah Group appointed by Select Group to build the third tower of Marina Gate project.

   
Dubai: Jumeirah Group, the global hotel company and a member of Dubai Holding, has signed an agreement with Select Group to manage 508 properties within Marina Gate, their flagship residential development at the gateway to Dubai Marina.

Jumeirah Group will bring its luxury hospitality experience to the third and final tower within the Marina Gate development under its Jumeirah Living brand. The design-led luxurious living destination will include 104 serviced apartments, 389 branded residences and 15 villas and will offer an exclusive range of facilities and amenities including a temperature controlled infinity pool, a dual-level gymnasium, residents lounge and business centre.

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UAE-UK plan trade target of £25b by 2020

At its last meeting in May the Council agreed a new ambitious target of £25 billion of bilateral trade by 2020. During the meeting, the Business Council considered how it could develop itself to contribute most effectively to the achievement of this target.

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Banks in UAE unaffected by oil fail.

"The stable outlook reflects our expectation that despite the economic slowdown driven by low oil prices, banks' credit profiles will broadly remain resilient. While we expect subdued credit growth and a modest rise in new problem loan formation, strong profitability as well as the release of provisions related to the resolution of legacy problem loans will cushion the impact," the ratings agency said.

"The UAE economy remains the most diversified in the region with continued, although moderating, public sector spending by Abu Dhabi complementing the continued growth in Dubai's significantly more diversified private sector, particularly the trade and transport sectors," Moody's said in its report on the UAE banking sector.

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UAE Leaders Congratulate everyone with the 44th National Day.

On the occasion of the 44th National Day of the UAE, His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has issued a statement to Dira'a Al Watan, The Nation Shield, magazine.

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Dubai property ROI beats London, New York, Hong Kong and Singapore

‘The Hub Report 2015’ states prime home prices in Dubai saw an uplift of 59% over the five years to end – 2014 – a better performance than London 52%, New York 47%, Hong Kong 31%, Paris 18%, Singapore 7% and Sydney 2%.

Safe location
The report emphasised that Dubai remains one of the safest locations in the world, with excellent connectivity, strong economic prospects, a low tax regime and a stable political system - combined, these factors will undoubtedly play an important role in paving the way for its success as a global hub.

Economy growing
Knight Frank further adds that as per the forecast from the International Monetary Fund the UAE’s economy will outperform the likes of the UK, US, Germany, Hong Kong and Singapore over 2015-2020. This, alongside the fact that the federation is among the easiest places to do business globally, should help to extend Dubai’s lead as a financial and business services hub in the Middle East.

Holiday destination
Dubai continues to make strides as a tourist destination and an air travel hub with visitors to the emirate staying longer to enjoy the city’s attractions, with the average length of stay rising from 2.6 nights in 2004 to 3.8 nights in 2014.

Am redus din text si am schimbat titlul, dar de parafrazat imi este un pic cam greu, sorry. Am nevoie de mai multa practica pentru asta.

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In 2020, Abu Dhabi Will Be 15 Min Away From Dubai. How?

A new and innovative hyperloop technology is being specially developed in US, it will be put in application by 2020 in the UAE.

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Diversification Brings Dubai 4% Growth

Since 2012 onwards, Dubai economic diversification has been driving its growth by over four per cent annually, despite the slow global economy growth, a government official stated on Monday.

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