Business News

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UAE university shines in global index

A UAE university has achieved a high global ranking when it comes to having an internationally diverse faculty. Abu Dhabi University (ADU) came in third place for the category in the Quacquarelli Symonds’ World University Rankings for 2019. The school moved up 50 places from last year’s index. “Our milestone rank reflects the quality of […]     Read More
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More Chinese nationals investing in Dubai property

Chinese nationals are investing more in Dubai’s real estate market than ever before. That’s according to Dubai Properties, which says there’s growing interest from investors and potential buyers from the country for its upscale projects. They say Chinese buyers have consistently ranked among their top 10 buyer nationalities in terms of value over the past […]     Read More
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Airbus threatens to leave UK if no Brexit deal reached

Airbus has warned it could leave the UK if the country exits the European Union single market and customs union without coming up without a transition deal in place. The European aircraft manufacturer employs about 14,000 people at 25 different sites across the UK. The company said that the absence of an agreement next year could […]     Read More
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EU retaliatory tariffs on US goods take effect

The European Union’s retaliatory tariffs on €2.8 billion worth of US goods have taken effect on Friday. In a move seen as a fresh attack on US President Donald Trump’s trade policy, EU President Jean-Claude Juncker said duties imposed by the US on the group go against ‘all logic and history’. Products affected include motorcycles, […]     Read More
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Instagram launches long videos to take on YouTube

Social network Instagram has launched a mobile app dedicated to longer videos in a bid to take on streaming site YouTube. Called IGTV, the platform will be a standalone app and also accessible inside the existing Instagram app. “Teens are now watching 40 per cent less TV than they did five years ago,” Instagram Chief […]     Read More
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Abu Dhabi Q1 imports, exports revealed

The total value of Abu Dhabi’s imports in the first quarter of this year reached AED 26.3 billion. Five countries contributed almost half of the capital’s total imports, with Japan leading the way at just over AED 3.1 billion followed by Saudi Arabia, the United States and India. Meanwhile, the total value of the emirate’s […]     Read More
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New sleeping facility opens at Abu Dhabi airport

Abu Dhabi International Airport now has a new sleeping facility for transiting passengers. Travellers can book slots at the 24-hour hotel, which gives them the chance to catch a quick power nap. Packages include a two-hour day option between 9:00 am to 8:00 pm, and a four-hour night package available from 8:00 pm to 9:00 am. […]     Read More
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DEWA commissions AED 1.7 billion worth of substations

The Dubai Electricity and Water Authority (DEWA) is putting its money where its mouth is when it comes to meeting the increasing demand for energy in the emirate. It’s emerged that so far this year the authority has commissioned 15 new substations at a cost of AED 1.73 billion. DEWA officials say it’s part of […]     Read More
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Audi CEO arrested in Germany over diesel scandal

The head of German carmaker Audi, Rupert Stadler, has been detained in relation to the emissions test cheating scandal. Munich prosecutors said the decision was taken because they feared Stadler might hinder the ongoing investigation. Luxury carmaker Audi has been accused of selling at least 210,000 diesel-engine cars in the US and Europe fitted with […]     Read More
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