07/20 DAMAC PROPERTIES DUBAI PSC: Amlak launch ‘Double Your Property’ 07/19 DAMAC PROPERTIES DUBAI PSC: Amlak partner to offer investment opportunities 07/19 DAMAC PROPERTIES DUBAI PSC: inks home financing tie-up with Amlak 07/17 DFM gains 5.02 pts at …
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BRIEF-Dubai Financial Market Q2 profit falls
July 25 (Reuters) – DUBAI FINANCIAL MARKET: * Q2 NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 43.3 MILLION DIRHAMS VERSUS 53.5 MILLION DIRHAMS YEAR AGO * Q2 TOTAL INCOME 92.2 MILLION DIRHAMS VERSUS 102.4 MILLION DIRHAMS YEAR AGO Source:(bit.ly/2tFxXh8) Further …
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UAE surplus reserves surge to top $11.6bn in June
Surplus reserves at UAE banks and other financial institutions surged to Dh42.8 billion ($11.6 billion) by the end of June, a growth of 77.6 per cent, or Dh18.7 billion, from Dh24.1 billion in the first month of the year 2017, according to UAE Central Bank …
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UAE economy benefitting from rebound in global trade and tourism
In a new report, released today, the accountancy and finance body says the UAE has a more favourable economic outlook because it is the most diversified economy in the GCC. Fuel generates just 22 per cent of the country’s export revenues. The report …
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Surplus reserves at UAE banks increase to AED 42.8 billion in June
According to banking experts, the strength of the UAE banking sector has enabled it to consolidate its financial reserves despite slower growth in regional and global economy, highlighting the high investment returns provided by the UAE economy as one of …
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UAE bank robbed in broad daylight by masked men
According to the police, the robbery took place at a branch of a bank at Al Buhaira road along the corniche at around 11am. A robbery took place at a bank branch in Sharjah on Tuesday morning, Sharjah Police has confirmed. According to the police, the …
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UAE’s Oil Firm ADNOC Negotiates Taking Up To $5B Loan
… Company (ADNOC), the state-held oil company of the United Arab Emirates (UAE), is in discussions to get a loan of up to US$5 billion, Reuters reported on Monday, citing banking sources, as low oil prices are forcing giant oil companies in the Middle …
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India clarifies income tax rule for NRIs
Dubai: The Government of India has clarified that Indian expatriates have to provide their foreign bank account details only if they do not have a bank account in India when they apply for income tax refunds. The government’s official statement issued on …
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First Abu Dhabi Bank to accelerate DevOps success with Validata’s Release Automation Suite
(MENAFN Editorial) FAB is one of the leading banks in the UAE, established from the merge of First Gulf Bank and National Bank of Abu Dhabi (NBAD), offering an extensive range of tailor-made solutions, products and services, in addition to customised …
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The Debt Panel: Dubai resident behind on school fees, rent and car loan and cannot afford consolidation loan payments
I suspect the issue with the bank is that the amount of the current loan, in relation to the current income, is in excess of the debt burden ratio (DBR) as set by the UAE Central Bank. This is the percentage of income that is used to repay debts and is …
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Usman Dar claims Asif ‘hid’ UAE employment
He said that at first Prime Minister Nawaz Sharif proved to be chairman of the FZE Dubai Company as per the JIT report and now Khawaja Asif contract has come before the nation. He said that the Iqama and offshore bank accounts of all candidates of the PML …
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UPDATE 2-9mobile asks Citi, Standard Bank to find new investors – source
Central Bank Governor Godwin Emefiele said earlier on Tuesday that … The crisis forced the telecoms company’s one-time UAE parent Etisalat to terminate its management agreement with its Nigerian business and surrender its 45 percent stake to a trustee …
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Lulu Exchange acquires Al Falah Exchange
Promoth Manghat, the chief executive of UAE Exchange – the biggest foreign exchange network in the Emirates and the GCC – said he expected more consolidation in the industry to follow. This, he said, follows new Central Bank regulations on capital …
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DUBAI NEWS: Our top stories this week
1. Sean Connolly to open Dubai Opera restaurant in September Prominent chef Sean Connolly is stepping up to the task with a contemporary brasserie serving steak and seafood, opening this September. ‘Sean Connolly at Dubai Opera’ will have an informal …
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Lacklustre Rental Market Weakens Yields for UAE Property Investors
In six months to March 2017, rental yields fell in 15 of Dubai’s 23 apartment neighbourhoods and in 11 of the city’s 16 villa districts Abu Dhabi yields also broadly down, while Northern Emirates hold steady Yet yields remain excellent versus …
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UAE- Work at full tilt at Mohammed Bin Rashid Solar Plant’s R&D Centre
DUBAI, 23rd July, 2017 (WAM) — The Senior Management of Dubai Electricity and Water Authority, DEWA, has got firsthand experience of the progress of work at the Research & Development, R & D, Centre, at the Mohammed bin Rashid Al Maktoum Solar Park, in …
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Almost 50% of Dubai SMEs expect business conditions to improve in Q3
Almost half of the small and medium-sized enterprises (SMEs) in Dubai are optimistic that business conditions in the emirate will improve in the third quarter of the year, according to a new survey by the Dubai Chamber of Commerce and Industry. Around 49 …
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