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DUBAI NEWS

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DAE Increases Bond Repurchase Program By US$300 Million
Dubai Aerospace Enterprise (DAE) Ltd. announced today that its Board of Directors and Shareholders had authorized an additional US$300 million for bond repurchases to be conducted through open market transactions.

20 Innovative tech solution pilots emerge from second FinTech Hive accelerator programme
23 start-ups from across 14 countries present concepts and solutions to over 350 investors.

nol card now valid to pay for purchases at Lulu Outlets
nol cardholders can use their cards in payment for light and quick purchases at these outlets.

DHA To Establish Cardiac Centre Of Excellence
Dubai Health Authority, DHA, has begun the tendering process for the establishment of a state-of-the-art cardiac centre.

HITEC Dubai 2018 Announces Entrepreneur 20X Competition For Startups
Competitors will receive fabulous exposure and validation from top companies by presenting their ideas to a room full of HITEC attendees as well as a panel of expert judges including hospitality CIOs, investors, and industry insiders.

Japan Pays Homage To Arabic Themes & Culture With Expo 2020 Pavilion
The Japan External Trade Organisation (Jetro) has projected a detailed and dynamic space with reverence to Arabic design and culture through the unveiling of Japan’s pavilion concept and design for Expo 2020 Dubai.

ENOC Group Recognised At The Golden Peacock Awards
ENOC has won the 2018 Golden Peacock Global Award for Sustainability (GPGAS), for the second consecutive year in the global institutional award category, in recognition of its efforts towards raising sustainability standards within the Group.

Lowered Service Fees Of Co-Owned Properties Increase Attractiveness Of Dubai’s Real Estate
Dubai Land Department (DLD) confirmed that the lowered service fees for co-owned properties in Dubai’s freehold areas contributed to the attraction of real estate projects by encouraging buyers to invest in the short- and long-term, and those who want to buy residential units to live in.

Over 70 Per Cent Of All Searches Are For Properties Under AED 100,000 Annually
Dubai’s property sector has witnessed several cycles of ups and downs in the past. But backed by the strong economic fundamentals of the city, the sector has demonstrated its resilience and continues to offer value for investors.

Federal Tax Authority: Tax Refunds For Tourists Scheme A Great Success As 1st Phase Implemented
The Federal Tax Authority (FTA) asserted that the digital system for the Tax Refunds for Tourists Scheme has achieved notable success in the past few days since it came into effect on Sunday.

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