Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, rang the market-opening bell today to celebrate the listing of a $1 billion Sukuk on Nasdaq Dubai. The Sukuk is the first benchmark dollar-denominated Sukuk from a GCC issuer in 2018 and …
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Dubai Islamic Bank celebrates Nasdaq Dubai Sukuk listing
It is DIB’s sixth Sukuk on Nasdaq Dubai, making the bank the largest UAE debt issuer by value on the exchange with a total of $5.25 billion. The latest Sukuk, carrying a profit rate of 3.625 per cent with a five-year tenor, attracted investors from the …
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Qatar’s Commercial Bank agrees to sell stake in UAE’s UAB to Tabarak
Commercial Bank, Qatar’s third largest bank by assets, has agreed, in principle, to sell its 40 per cent stake in Abu Dhabi-listed United Arab Bank to United Arab Emirates-based Tabarak Investment, sources told Reuters on Tuesday. The sale will be …
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UAE biggest source of GCC remittances to Philippines in 2017
Dubai: The value of remittances … posting the biggest jump of 30.8 per cent from a year earlier. The figures are based on bank reports and refer only to funds coursed through banks. Overall, Filipinos from around the world remitted a total of $31.3 …
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Sharjah Waterfront City
Sharjah Oasis Real Estate is a highly ambitious company with a universal vision, led by a team of passionate professionals who are ready to challenge the status-quo and conventional ways to achieve significant advancements in economic, social and …
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‘A Kochi-based business consultancy is portraying us as frauds’
KOCHI: The members of the UAE Business Losers Association have come up with an allegation there are attempts to portray them as frauds by a Kochi-based business consultancy organisation, which functions as the local agent of some UAE banks. Association …
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Dubai’s Emirates to resume suspended Lisbon service, fly first A380 to Beirut
05pm arrival back in Dubai. It will have 14 first class, 76 business class and 429 economy class seats. The flight comes as airport authorities seek to expand capacity to more than 8 million passengers a year. Emirates is the world’s largest operator of …
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Obaid Humaid Al Tayer Meets Vice President and Finance Minister of Switzerland in Dubai
As part of the Ministry of Finance’s efforts to develop the UAE’s network of international relations, HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs met with HE Ueli Maurer, Swiss Vice President and Finance Minister, accompanied by …
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Qatar lender to sell stake in UAE’s UAB to Tabarak
Abu Dhabi, Dubai: Commercial Bank, Qatar’s third largest bank by assets, has agreed, in principle, to sell its 40 per cent stake in Abu Dhabi-listed United Arab Bank to United Arab Emirates-based Tabarak Investment, sources told Reuters on Tuesday.
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S&P: Dubai’s real estate slump to last until 2020
Dubai real estate prices could decline by 10 to 15 percent over the next two years, hit by new supply, geopolitical risks and the introduction of value added-tax in the United Arab Emirates, S&P Global Ratings’ analysts said on Tuesday. The grim …
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Dubai property slump to continue: S&P
A three-year downturn in Dubai’s property market will likely continue until at least 2020, Standard & Poor’s said Tuesday, citing low oil prices, the introduction of VAT and a Gulf diplomatic crisis. A glut of housing units and weak demand were also key …
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What oil price reverse means for Dubai property
As we close the books on Q4 of 2017 and reflect on the most recent quarter, it’s clear that major political events to the west, and OPEC oil controls limiting production, have put pressure on and spooked the UAE market. Why is it the market continued to …
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S&P Global Ratings: Dubai property will continue decline to 2020
S&P Global Ratings expects a continued decline in Dubai’s residential real estate prices and rentals to 2020. Dubai residential property prices and rents declined by 5%-10% in 2017, with the global ratings company expecting this trend to continue in the …
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Dubai Wholesale City Hosts Largest Cash and Carry Facility in the Region
… committed to accelerating the development of the trade and manufacturing sectors in Dubai and the wider UAE, and helping our business partners build and grow their businesses.” Belhoul added: “We welcome Jaleel Holdings to Dubai Wholesale City.
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New Dubai Chamber report identifies fintech and renewable energy as key to boosting productivity and investment in Latin America
Entitled “Latin America’s Emerging Sectors: A Closer Look at Fintech and Renewable Energy”, the report was conducted by the Economist Intelligence Unit (EIU) and commissioned by Dubai Chamber ahead of the 2nd Global Business Forum on Latin America …
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Expo 2020 set to drive construction activity in the UAE
Sentiment in the UAE’s construction sector is optimistic as the region prepares … “Another problem is the higher cost of doing business – with the recent set of new fees introduced, cost of business is going to go up significantly this year.
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Dubai Cares Scavenger Hunt winners announced
He said: “I first heard about the Dubai Cares Scavenger Hunt was on a news article. Then I decided to embark on a challenging and day-long journey all around Dubai. I am so excited to be the first winner of the Hunt and look forward to participating in …
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