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The Latest Breaking News from Emaar

‘I prefer hiring Indians’: Dubai-based Emaar founder Mohamed Alabbar praises work ethic and discipline

Dubai-based founder and managing director of Emaar Properties, Mohamed Alabbar, has praised Indians for their work ethic and discipline, saying he prefers hiring them because of their dedication and commitment at work.

The Times of India · May 6

Huge fire races up 35-storey Dubai tower near Burj Khalifa

No information yet on whether anyone was injured in the blaze

The Independent UK · Nov 7, 2022

Dubai fire races up high-rise near world's tallest building

A fire has broken out at a 35-story high-rise building in Dubai near the Burj Khalifa, the world’s tallest building

The Independent UK · Nov 7, 2022

From analysis to the latest developments in health,
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UAE's Emaar Fully Acquires Dubai Creek Harbor

Shareholders of Emaar Properties approved the acquisition of Dubai Creek Harbor from Dubai Holding, state news agency WAM reported. They also approved the sale of Namshi to Noon for a total cash consideration of AED 1.231 billion ($335.2 million), representing a premium of AED 127 million on the total investment…

Asharq Al-Awsat · Sep 22, 2022

Company loses bid to recover payout for Dubai hotel fire

An insurance company that was ordered to pay more than a billion Dirhams in damages for a 2015 New Year’s Eve fire in Dubai has lost a civil lawsuit that it filed to try and recover the money

The Independent UK · Sep 20, 2022

Global AI Market Likely to Hit $15 Trillion by 2030

Speakers at the “Investing In AI: From Startups and Venture Funds to Corporate Innovation” panel that was held today as part of the 2nd Global AI Summit stressed that the volume of the AI market is estimated at $65 billion in 2020, expecting the figure to reach $15 trillion by…

Asharq Al-Awsat · Sep 15, 2022

UAE’s Emaar, Noon Conclude Share Purchase Agreement Worth $335Mln

UAE’s Emaar Malls Management, a wholly-owned subsidiary of Emaar Properties, and Noon AD Holdings announced Thursday that they have entered into definitive documentation for Emaar Malls to sell the entire share capital of Namshi Holding Limited to Noon for a total cash consideration of AED1.23 billion ($335.2 million). According to…

Asharq Al-Awsat · Aug 26, 2022

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Gulf E-commerce Company Noon to Buy Fashion Venture Namshi

Dubai's Emaar Properties said on Saturday it is selling fashion e-commerce venture Namshi to Noon, an e-commerce company backed by Dubai billionaire Mohamed Alabbar and Saudi Arabian sovereign fund the Public Investment Fund (PIF). Emaar said in a bourse filing its board has in principle approved the sale, which values…

Asharq Al-Awsat · Aug 21, 2022

Emaar Properties Group CEO Amit Jain detained at Indira Gandhi International Airport

CHANDIGARH: Emaar Properties Group CEO of Amit Jain was detained on basis of Punjab police's look-out circular (LOC) at the Indira Gandhi International Airport (IGIA) in Delhi on Friday after he landed on a flight from Dubai. He was later released after the Punjab police withdrew the circular.

The Times of India · Jun 25, 2022

First time since Aug. 5, 2019, 33 companies from UAE, Saudi Arabia, Hong Kong converge in Kashmir for investment summit

Effort to turn ₹3,000 cr. MoUs, signed earlier this year, into reality

The Hindu · Mar 21, 2022

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