Dubai economy
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Dubai to Become World’s Busiest Airport This Decade, CEO Says
EghtesadOnline: Dubai International Airport expects to become the world’s busiest within this decade, overtaking Beijing and Atlanta, spurred on by the expansion of Emirates airline.
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Uber faces pressure in Dubai as regulator signs deal with rival
EghtesadOnline: Ride-hailing service Uber is under pressure in Dubai, one of the Middle East's major markets, after the emirate's transport regulator signed an agreement with local rival Careem…
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Dubai Newest Spectacles Hide Restrained Ambitions for Developers
EghtesadOnline: On the surface, Dubai is plowing ahead with the kind of ambitious, eye-catching projects that turned the sheikhdom into the Persian Gulf’s business hub and playground. At the…
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Dubai Said to Seek $2.5 Billion Loans to Expand Metro for Expo
EghtesadOnline: Dubai is seeking $2.5 billion in loans to finance a 15-kilometer (9-mile) extension of its above-ground metro line to the World Expo site, according to two people with knowledge…
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Dubai Said to Work With Citigroup on Sale of Bank Muscat Stake
EghtesadOnline: Dubai Financial Group LLC is working with Citigroup Inc. to find a buyer for its stake in Omani lender Bank Muscat SAOG after the sale was triggered by an agreement with creditors,…
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Dubai’s Souq.com Said to Plan Stake Sale at $1.2 Billion Value
EghtesadOnline: Dubai-based online retailer Souq.com, known as the Amazon of the Middle East, is planning to sell a stake of about 30 percent that would give the company a value of at least $1.2…
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World’s Largest Indoor Theme Park Developer Said to Mull IPO
EghtesadOnline: Dubai’s Ilyas & Mustafa Galadari Group, owner of the world’s largest indoor theme park, is considering a 2017 initial public offering as it seeks to raise funds for the project,…