Abu Dhabi’s Aldar Properties has announced the awarding of a Dhs745m ($202.8m) contract to Construction Group Contracting House for its mid-market The Bridges residential development on Reem Island. The contract covers the construction of six apartment …
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UAE’s multi-millionaire population reaches 55,700, says new report
The 2017 World Wealth Report released on Thursday by business consultancy Capgemini, showed that about 400 people joined the ranks of the UAE’s wealthy between 2015 and 2016. The HNWI bracket covers individuals with $US1 million (Dh3.6 million …
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Dubai ranked as one of the best cities for driving
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Sotheby’s Dubai to host first ever auction in November
The valuations will take place in Sotheby’s Dubai office space at Level 1, Gate Village Building 3, DIFC every Tuesday from 1-5pm, starting October 24. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in …
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Islamic banks and Takaful sectors likely to witness more mergers
Dubai: The high-profile merger of National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) in the UAE last year had triggered a number of unconfirmed reports of impending bank mergers across the GCC, however, most of these reports were eventually denied …
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Dubai’s Mashreq to cut branches as it shifts towards digital banking
Dubai’s Mashreq Bank, the emirate’s third largest lender by assets, plans to halve the number of its branches over the next three years as it shifts its focus towards digital banking services, its CEO told Reuters on Sunday. The downsizing will …
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National Bank of Fujairah Increases UAE Presence With the Opening of a New Branch in Al Ras
National Bank of Fujairah (NBF) PJSC is pleased to announce the opening of its new branch at the heart of Dubai’s historic Gold Souk in Al Ras. The expansion comes in line with NBF’s strategy to strengthen its nationwide presence, and ensure that its …
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Strong banking sector to support credit growth
Dubai: Kuwait’s banking sector is well regulated and has remained sound and credit conditions favorable amid challenging economic conditions. In the first half of 2017, credit to the private sector recorded healthy average growth, after taking a hit in …
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UAE economy manages soft landing with improvements in public finance
Reflecting uneven progress among Dubai GREs, the stabilisation is however accompanied by a concurrent shift toward less transparent domestic sovereign borrowing from majority Dubai government-owned Emirates NBD bank.
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DubaiGÇÖs Mashreq to cut branches as it shifts towards digital banking – CEO
DUBAI, Oct 1 (Reuters) – Dubais Mashreq Bank, the emirates third largest lender by assets, plans to halve the number of its branches over the next three years as it shifts its focus towards digital banking services, its CEO told Reuters on Sunday.
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Digital bank Mashreq Neo unveiled in the UAE
Mashreq Neo is targeted towards the connected generation who are digitally savvy, use mobile devices extensively, and will immerse users in a brilliant digital experience. “With the launch of Mashreq Neo, we have entered a new era in the digitisation of …
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No paper ticket for Dubai Frame
In November, the project will be able to open officially,” Lootah said. In reply to a question by Gulf News, he said the Dubai Frame will have a smart ticketing system and will not use paper tickets. “Your mobile will be your ticket,” he said.
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Aldar Awards Dh745 Million Contract for the Bridges on Reem Island
Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, has appointed Construction Group Contracting House (CGCH) as the main contractor and early works package provider for an AED 745 …
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Metals: Backbone of Abu Dhabi industrial sector
ABU DHABI — Abu Dhabi is giving strong emphasis on the improvement and development of the industrial sector, more so metal products which are the ‘backbone of the economy,’ so to speak. According to Eng. Ahmed Hilal Al Bloushi, acting Director …
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Abu Dhabi industrial licences value tops $20bn
the Emirates official news agency. His comments were heard at the opening ceremony of a workshop with 25 mineral industry representatives in Abu Dhabi. The workshop on the mineral industry was conducted by the Industry Development Bureau of the Department …
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ADX Meets With AmCham to Discuss Investment Opportunities in the Abu Dhabi Securities Exchange
In Abu Dhabi we are fortunate to have the high growth investment opportunities afforded by a developing economy whilst also providing investors with the security of a regulatory environment similar to those found in more established markets.” Sharief …
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Louvre Abu Dhabi to welcome visitors from November
Louvre Abu Dhabi is on track for November 11 … issues in the Middle East and North Africa as well as in other parts of the world. Travel related news, analysis, and new appointments together with information on up-coming exhibitions, marketing and …
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