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UAE tops commodity trade index

Dubai tops the world commodity index unveiled in London on Tuesday as part of Dubai Multi-Commodities Centre’s (DMCC) Future of Trade report. The index is based on a country’s location and trade partnerships, its resource endowment, and its institutional factors, DMCC CEO Gautam Sashittal said in an interview before the …

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Aldar to buy Saadiyat Island assets in Dh3.7b deal, one of UAE’s largest property acquisitions

The consolidation moves in UAE’s real estate sector continues with Aldar Properties acquiring Dh3.7 billion worth of assets from Abu Dhabi’s other master-developer Tourism Development & Investment Co., developer of the Louvre Abu Dhabi. This is rated as “one of the largest real estate acquisitions in the country” and expected …

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