Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, was recognized as the Fastest Growing Bank in the country at this year’s International Finance Magazine Awards. The awards ceremony took place at the Jumeirah Emirates Towers, on January 18 …
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Fleetwood retains Abu Dhabi HSBC Championship title
ABU DHABI, United Arab Emirates — Tommy Fleetwood successfully defended his Abu Dhabi HSBC Championship title on Sunday after a sensational back nine to clinch the win. The 27-year-old Englishman, who celebrated his birthday on Friday, started the final …
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Abu Dhabi-based KBBO Group to invest in education
Abu Dhabi-based investment firm, KBBO Group, will invest in growing technologies in the education sector having successfully built the largest health care portfolio in the region, its CEO, Yazen Abu Gulal, said at a recent forum. In a round table session …
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Dubai’s theatre group to perform in India
Dubai: Following a successful run at its home base in Dubai, Mian, Biwi aur Wagah, an Urdu play, based on the lost tradition of letter-writing, is starting its international tour with New Delhi as its first destination. The Stein Auditorium, India Habitat …
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Modon Properties Introduces 12 Villa Designs at Its Open Day Event
Modon Properties, an Abu Dhabi-based master developer, building vibrant, sustainable communities and strategic mixed-use developments, revealed the 12 villa designs – approved by the Department of Urban Planning and Municipalities (DPM) – that it intends …
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Dubai Shopping Festival Builds Great Momentum for Business
As the 23rd edition of Dubai Shopping Festival (DSF) enters its home stretch, key economic sectors in Dubai have reported improved performance in the first half of the festival, creating the perfect momentum for businesses in Dubai at the beginning of the …
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Dubai Investments Buys Union Properties’ Stake in Emicool
Damac Hills and Mirdif Hills in Dubai & recently the Company has diversified the business model to build and operate sustainable plants for longer tenor in Northern Emirates and in the MENA region. In the UAE, cooling systems account for 60% to 70% of …
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Dubai Islamic Economy Development Centre Enrols as Observer Member of Responsible Finance & Investment Foundation
The Dubai Islamic Economy Development Centre (DIEDC) has enrolled as an observer member of the Responsible Finance & Investment (RFI) Foundation, signalling the rising stature of Islamic finance among the world’s responsible finance systems. Under the …
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Iran’s financial sector faces asset quality risks and capital erosion
Dubai: Unstable public finances of Iran are slowly translating into deterioration in asset quality of banks besides causing capital erosion, according to the Institute of International Finance (IIF). “Continued public payment arrears, connected lending …
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UAE banks improve profitability on lower costs and higher margins
Dubai: ‘Cautious optimism’ and ‘resilience’ were the favourite phrases of UAE bankers and banking sector analysts in 2017. Early bank results show that, despite the economic challenges, most banks have been more than resilient. A few banks that …
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Dubai Police rescue family trapped in Business Bay
Dubai: A leisurely cruise turned into an emergency incident after a family’s boat hit a sandbank near Festival City. The incident, according to Lieutenant-Colonel Ali Abdullah Al Naqbi, director of the Sea Rescue Department in Dubai Police, happened last …
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Human traffickers referred to Sharjah court
The Criminal Court in Sharjah on Thursday started hearing the case, a judiciary official told Gulf News. Preside Judge Mahmoud Abkar will hear the testimony of the defendants next week, the official said. The case dates back to June last year when the anti …
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Dh500 ($126) fine for throwing cigarettes in Dubai
Dubai: The dirty habit of smokers in Dubai won’t go out in a puff anytime soon, but their remnants might. Dubai Municipality has launched a campaign to ward off smokers from littering the streets with cigarette ends, in a bid to maintain the city’s …
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Dubai’s Smart Plans becoming a reality
and many different elements of Dubai’s efforts produced results. SDGE, which is the technology arm of Smart Dubai, is organised along three main goals of seamless experience and technology efficiency, which includes key government applications and …
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UAE to see light rain, cool weather
Dubai: Strong gusts of wind billowed across the UAE on Sunday morning, bringing temperatures down to unexpected cools of around 15 degrees Celsius. In its daily forecast, the National Centre of Meteorology (NCM) said that the weather will be partly cloudy …
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Whistleblower suing Ernst & Young over gold dealings with Dubai firm
Share on Facebook Share on Twitter Share via Email View more sharing options Share on LinkedIn Share on Pinterest Share on Google+ Share on WhatsApp Share on Messenger Close Shoppers in Dubai’s gold souk, one of the most important gold markets in the …
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UAE residents’ investment pick is property
Property remains the preferred investment asset of UAE residents, with 40 per cent of residents planning to invest in property in the UAE and 18 per cent planning to do so overseas in the next year, reveals an annual YouGov survey conducted by IP Global, a …
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