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State-run Investment Corporation of Dubai buys 'significant' stake in hotel operator Kerzner

DUBAI, United Arab Emirates - A Dubai government conglomerate behind some of the emirate's industrial powerhouses says it has bought a "significant" stake in the international hotel operator that runs the Atlantis hotel on the city's main palm-shaped island. Investment Corporation of Dubai said Thursday it bought the stake in Kerzner International Holdings from the family of founder Sol Kerzner and several institutional investors. It did not disclose the size of the stake or the purchase price.

Dubai's Emaar plans $2.5 billion listing of shopping mall unit

By Andrew Torchia and David French DUBAI (Reuters) - Dubai's Emaar Properties said it would sell up to 25 percent of its shopping mall and retailing unit in a public offer expected to raise 8 to 9 billion dirhams ($2.18-$2.45 billion), making it one of the region's largest equity offers since 2008.

UAE frees American jailed for YouTube parody video

DUBAI (Reuters) - An American citizen was released from jail in the United Arab Emirates on Thursday after serving nine months for posting a parody video on YouTube, his family said. Shezanne Cassim, 29, was sentenced to a year in prison last month over a 20-minute "mockumentary" video which poked fun at young Emirati men who imitate U.S. hip hop culture.

DFM market capitalization increased at the end of Q1 by 12.3% to AED 204.2 billion

The Dubai Financial Market General Index increased by 12.7% to 1829.2 points at the end of this quarter compared to 1622.5 points at the end of Fourth quarter of 2012.''At the sectoral level, indexes of six out of the nine sectors represented on DFM ended the quarter in the green, with the Telecommunication sector increasing the most by 34.1%, followed by the Services and the Real Estate and Construction sectors by 24.8%, and 19.8% respectively.

Kafa'at Leadership Camp: Providing Soft Skills For Strong Careers In The Private Sector

Young Emiratis, potential leaders in the UAE's growing private sector, gathered in Abu Dhabi at the Kafa'at Leadership Camp launched by Emirates Foundation for Youth Development.The camp, which will run for three consecutive weekends, is developing the leadership and communication abilities of young Emiratis, providing them with the soft skills necessary to navigate challenges in the private sector workplace.Under the umbrella of the Kafa'at Programme, one of the six programmes run by Emirates Foundation, the camp targets university level students and is part of the Kafa'at Y

UAE mulls new labour law to attract Emiratis to private sector

ABU DHABI, Feb 16 (Reuters) - The United Arab Emirates is considering changes to its labour law to attract more citizens into the private sector, local media reported on Saturday, to lessen the burden of a bloated public sector in case of a fall in oil prices. Many Emiratis prefer to work in the public sector, where working hours are shorter, holidays longer and pay tends to be higher, while foreign workers, who account for the majority of the oil-rich Gulf state's population, fill most private sector positions.

UAE PM says employment for citizens is top priority

* Hundreds of officials at forum to discuss policies * Govt working on project to employ 120,000 nationals * Calls on private firms to employ more Emiratis * Risks will not halt development projects * Wants govt to work 24/7, like airline By Martin Dokoupil and Amena Bakr and Mahmoud Habboush
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