Arada, a newly-created United Arab Emirates-based property developer, has secured a $272 million (1 billion dirhams) Islamic syndicated loan from UAE banks to help fund a major project in the northern emirate of Sharjah, it said on Thursday. The money will …
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Investments at R&D Centre in Mohammed bin Rashid Al Maktoum Solar Park to hit Dh500m by 2020
Investments at the R&D Centre in Mohammed bin Rashid Al Maktoum Solar Park will hit AED500 million by 2020, according to a press statement by the Dubai Electricity and Water Authority (DEWA). Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai …
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Dubai Taxi launches Digital Kiosk to boost smart services for cabbies
The Dubai Taxi Corporation (DTC … It also avails them access to efficient and speedy services through using smart technologies that nurture an advanced and interactive business environment. “The Digital Kiosk is operated through a smart app on smartphones.
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Dubai Police rescue man stranded in desert
A man, who was stranded in the desert, was rescued by Dubai Police. Command room of Dubai Police was alerted about the man, whose car was stuck in the desert late on Thursday. According to Dubai Police twitter account, police helicopter scanned the area …
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UAE cancels Tunisia handball games amid row over women
Doha has denied all charges. Meddeb said the United Arab Emirates wanted to discourage ruling party Nida Tounes from allying with Islamist party Ennahda ahead of local elections in May. Get latest news & live updates on the go on your pc with News App.
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The UAE digital workspace revolution is employee-driven
Dubai Municipality has adopted a new strategy to enhance running the city and it has to do with how its employees will drive the digital workspace. VMware, a global leader in cloud infrastructure and business mobility, unveiled its annual report into the …
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Will UAE banks increase their fees due to VAT? Find out
The UAE Central Bank has asked local banks not to increase the existing fees for customers due to upcoming Value-Added Tax (VAT). “Banks and finance companies will not be permitted to exceed the fees structure for individual customers because of VAT …
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Emirates NBD Bank : inks contract to offer clearing services
“We want to thank Emirates NBD for their integrated approach to stock market settlements, which will add depth to the UAE’s equity markets. We look forward to working closely with the bank on our transactions,” Hassan Al Shamsi, Shurooq Stocks …
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UAE conventional banks’ assets hit D2.148 trillion
accounting for around 80 percent of the UAE banking system’s total assets, which reached Dh2.687 trillion. Islamic banks accounted for the remaining 20 percent, with total assets of Dh538.5 billion, a Wam news agency report said quoting the UAE Central …
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Abu Dhabi Commercial Bank : Sharjah developer secures $270m funding for mega project
The Islamic facility was arranged with Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank as joint mandated lead arrangers and bookrunners. Aljada, a master-planned destination with a sales value of AED24 billion, was unveiled by Sheikh Dr Sultan bin …
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Bahrain’s Al Baraka, Morocco’s BMCE Bank launch Islamic lender in North African country
Bank Al Tamweel wa Inma (BTI) Bank, which opened its headquarters in Casablanca this week, plans to have 37 branches by 2022 in various cities of Morocco, ABG said in a statement on Nasdaq Dubai where its shares are listed. “We are confident of the large …
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ARADA secures AED 1 billion financing from ADCB and Dubai Islamic Bank
ARADA has secured a syndicated loan of AED1 billion from two major UAE banks that will help finance the development of Sharjah’s largest mixed-use megaproject, Aljada. The Islamic facility was arranged with Abu Dhabi Commercial Bank (ADCB) and Dubai …
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Don’t hike fees due to VAT, UAE banks told
(MENAFN – Khaleej Times) The Central Bank of the UAE has asked local banks not to increase the existing fees for customers due to the upcoming value added tax (VAT). “Banks and finance companies will not be permitted to exceed the fees structure for …
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UAE non-oil growth to surge to 3.7pc in 2018
… Bank of Abu Dhabi earlier in 2017 spurred talks of further mergers in the still-crowded banking industry. According to recent reports, two of the UAE’s smallest banks, the Bank of Sharjah and Invest Bank, are currently in merger talks. Stock markets …
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Revealed: the most affordable place to rent, buy property in Dubai
Dubai International City saw the largest drop in rents during 2017 with values down by 16 percent compared to the year-earlier period, according to real estate portal Bayut.com. The average rent for a one-bed apartment in that part of the city stands at …
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FIFA President Infantino delivers closing speech at Dubai International Sports Conference
Technology is part of our future … Infantino was presented with a gift by HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the UAE Olympic Committee. In earlier sessions Marcello Lippi – Coach of China, joined Chairman of the FIFA …
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Video: Dubai Frame to open to public on January 1
The golden structure is expected to attract two million visitors a year What makes the experience special in Dubai Frame? The experience of the frame, which design is inspired by Expo 2020 logo, is marked by the allocation of 3D technology, virtual reality …
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