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Dubai Coronavirus News Update: Coronavirus: What impact will Covid-19 have on Dubai’s property market?

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While many have likened the current coronavirus pandemic to the global financial crash in 2008, Dubai’s real estate experts are offering up a more optimistic outlook amid all the doom and gloom The financial scars of the 2008 banking crisis had long since disappeared, but the traces of its impact are still clearly visible. Parking[…]

Kuwait leads drop in Mideast stocks after downgrade

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MOST Middle Eastern stock markets fell on Sunday, with Kuwait’s main index leading losses after S&P Global Ratings cut the government’s credit rating last week. The Boursa Kuwait Premier Market Price index lost as much as 4.7%, with Kuwait Finance House, National Bank of Kuwait and Ahli United Bank dropping more than 3.9%. Kuwait was[…]

Dubai property investors need to dig into real data

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Dubai skyline. Some developers have really exhausted the reputation of Dubai as an international real estate and business hub – by continuing to supply the market with offplan projects that are priced an average 20 per cent higher than more or less the same properties offered on the secondary market by individual investors. Image Credit:[…]

Coronavirus: US Navy hospital ship to arrive in New York City on Monday – as it happened

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Emma Boyde 3/25/2020, 11:47:29 PM Mnuchin optimistic Senators will approve $2tn economic stimulus James Politi reports from Washington Steven Mnuchin, the US treasury secretary, said he expected the $2tn economic stimulus package to pass the Senate later on Wednesday despite last minute opposition from a group of Republican lawmakers to a provision expanding unemployment benefits.[…]

Stimulus: Nakheel sets up Dh230 million relief package

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Nakheel is extending a helping hand to its tenants across its malls and other commercial properties. File picture of recently opened Nakheel Mall on the Palm. Image Credit: Gulf News Archive Dubai: Nakheel has come out with a Dh230 million economic relief package for its clients following the COVID-19 outbreak. The package aims to “reduce the financial burdens[…]