DUBAI Oct 27 Banking shares that had been beaten down earlier this month by fears of slowing global economic growth headed for a seventh day of gains on Thursday, boosting Gulf stock markets despite weakness in Asian bourses and oil prices. The Saudi bank …
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Dubai Islamic Bank wins two LinkedIn MENA Talent Awards – “Best Employer Brand” and “Most Social Executive in Private Sector”
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has won the distinguished accolade of “Best Employer Brand on LinkedIn” award at the LinkedIn MENA Talent Awards 2016. LinkedIn also recognized Dr. Adnan Chilwan, Group CEO of DIB, with the …
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MIDEAST STOCKS-Banks boost Gulf markets in weak global environment
DUBAI, Oct 27 (Reuters) – Banking shares that were beaten down earlier this month by fears of slowing economic growth in the region boosted several Gulf stock markets on Thursday, despite weakness in Asian bourses and oil prices. The Saudi bank sector has …
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Driverless vehicles to be part of public transport in Dubai soon
Dubai: Driverless vehicles could be part of the last mile solutions in Dubai in the near future, providing commuters door-to-door connectivity with Dubai Metro and other modes of transport. The Roads and Transport Authority (RTA) is currently carrying out …
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Dubai: Where Business Meets Opulence
Thanks to its plush business districts, world class amenities and global accessibility, Dubai has emerged as one of the top financial centres of the world. With easy access and connectivity to the rest of the world, it has everything on offer to make for a …
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Watch: First look at UAE Hyperloop
The high-speed system, dubbed the Hyperloop One, will link the UAE capital with Dubai and drastically shorten the travel time between two cities. “We are in a new time now where you can develop a new transportation system in very few years and change the …
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‘UAE can make waves at wakesurfing’
told Gulf News. “It’s low impact and a low-injury sport, too.” Lagace added that the UAE’s weather and natural environment mean the sport should prosper here — if participants can display passion and commitment. “I am sure I can make rivals out …
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UAE receives 14 bids for Umm Al Quwain desal plant: reports
The UAE’s Federal Electricity and Water Authority has received 14 bids for a desalination project in Umm Al Quwain, reports The National. The project to design, build, finance, and operate a 45 million imperial gallons a day (205,000 m3/d) plant …
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Caulfield Cup runner-up Scottish to sidestep Melbourne Cup in favour of Emirates
Trainer Charlie Appleby has decided to bypass Australia’s richest race to instead tackle the Group 1 Emirates Stakes (2000m) four days later after Winx’s connections opted out of the Emirates. The decision assures Matt Cumani’s Grey Lion a start …
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UAE Smart Homes Market 2016-2022: Abu Dhabi, Al-Ain Emirate and Dubai Emirate Have Accounted for the Largest Revenue Share – Research and Markets
The UAE smart homes market is expected to grow at a CAGR of 14.8% during 2016-22. Growing construction of villas in UAE has fuelled the growth of smart homes market in the country. Abu Dhabi, Al-Ain Emirate and Dubai Emirate have accounted for the largest …
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UAE, UK ink MoU on work of members of diplomatic staff
The MoU will regulate the work of these categories in the state, particularly when they enjoy diplomatic immunity. – Emirates News Agency, WAM – http://www.wam.ae/en/news/emirates/1395301798274.html
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UAE Deputy Premier on visit to Oman
Muscat, Oct. 26 (BNA): UAE Deputy Premier and Presidency Affairs Minister Shaikh Mansour bin Zayed Al-Nahyan today arrived in Muscat on a two-day official visit to the Sultanate of Oman. The two sides will discuss ways of strengthening aspects of …
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Emirati, Saudi youth hail role of social networking media
exchange experiences and making use of this interactive communicative forum for launching youth projects. – Emirates News Agency, WAM – http://www.wam.ae/en/news/emirates-international/1395301786614.html
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CBD posts Dh701.5m in nine-month net profits
Dubai: Commercial Bank of Dubai (CBD) posted a net profit of Dh701.5 million for the first nine months of 2016, 23.4 per cent lower compared to Dh915.3 million for the same period last year. The bank attributed the decline in profit to prudent provisioning.
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Saudi bond coup seen strengthening banks seeking Aramco IPO role
Dubai: Banks that helped Saudi Arabia raise a record $17.5 billion (Dh64 billion) last week will next turn to an even bigger prize: landing a role on the potential $100 billion initial public offering (IPO) of Saudi Arabian Oil Co. HSBC Holdings Plc …
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Banks team up to expand sustainable financing
National Bank of Abu Dhabi (NBAD), Commercial Bank of Dubai, Dunia Finance, Emirates NBD, HSBC, National Bank of Fujairah, RAKBank and Union National Bank signed the Dubai Declaration on Tuesday. The deal, at the Unep Finance Initiative Global Roundtable …
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UAE Exchange to acquire remittances business Remit2India
Dubai: UAE Exchange, a remittance, foreign exchange and payment solutions company, has reached a deal to acquire the online remittance business Remit2India from TimesofMoney, India. The value of the transaction has not been disclosed. Founded in 2000 …
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