The licence was issued by the Dubai Multi Commodities Centre (DMCC) under a new regulatory framework it revealed back in November last year, and it allows companies such as Regal RA to buy, sell and store a range of cryptocurrencies such as Bitcoin …
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Emirates NBD ranked UAE’s top banking brand for 2nd consecutive year
Emirates NBD today announced its position as the UAE’s most valuable banking brand with a US$3.534 billion brand valuation in The Banker’s annual brand valuation league table. The bank also secured a spot among the top 100 global banking brands, coming …
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Dubai to establish Gulf’s first solar-driven hydrogen facility
Dubai Electricity and Water Authority (DEWA) has signed a memorandum of understanding with German multinational Siemens to pilot the Gulf’s first solar-driven hydrogen electrolysis facility. The agreement, confirmed on Monday, will see the facility …
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UAE banks see end to $22bn Saudi debt dispute
Banks in the United Arab Emirates are hopeful of recovering some funds in 2018 from the multibillion-dollar collapse of Saudi Arabia’s Saad Group and Ahmad Hamad al-Gosaibi & Bros Co (AHAB) nearly a decade ago, a senior banking official told Reuters.
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Dubai Islamic Bank : Al Ahli secures $340m financing to expand mall
Al Ahli Holding Group, a major UAE conglomerate, has secured an Islamic club financing facility worth Dh1.25 billion ($340 million) for the expansion and general corporate purposes of Dubai Outlet Mall. Dubai Islamic Bank acted as the coordinator, mandated …
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Dubai to have first solar-driven hydrogen electrolysis facility
Dubai will be home to the region’s first solar-driven hydrogen electrolysis facility at Dubai Electricity and Water Authority, DEWA’s outdoor testing facilities at the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. This follows a memorandum of …
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Dubai Economy processes 23,626 registration and licencing transactions in January 2018
Investors in Dubai, buoyed by the expansionary spending policies and their anticipated impact on the economy, kept the business registration and licencing hectic in the emirate during the first month of 2018. Dubai Economy issued 1,638 new licences and …
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Dubai trader gets first Middle East license in cryptocurrencies
Dubai gold trader Regal RA DMCC is the first company in the Middle East to get a license to trade cryptocurrencies, the Dubai Multi Commodities Centre said. The company will offer storage of Bitcoin, Ethereum and other cryptocurrencies in a vault located …
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Dubai businesses to get a mobile-friendly website courtesy of Google
The platform also allows businesses to receive free advertising and receive insights on reviews, views, clicks, calls and those searching for directions to the business’ location. New and existing members of the Dubai Chamber can list their businesses by …
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UAE banks seen turning the corner in 2018 as loan demand strengthens
Emirates NBD, Dubai’s biggest lender, said its fourth quarter profit rose 17 per cent, in part aided by higher interest rates. Profits at Abu Dhabi Islamic Bank, the Emirate’s biggest Sharia-compliant lender, rose 33.4 per cent in the fourth quarter of …
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Dubai realty gets Chinese boost
UAE real estate, particularly that of Dubai, is steadily gaining interest among savvy Chinese investors. This extends to the brick-and-mortar assets, contracting industry as well as construction finance. The Chinese were the fourth most active real estate …
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Dewa, Siemens to launch solar-driven electrolysis facility
said it has signed an agreement with Dubai Electricity and Water Authority (Dewa) and global technology giant Siemens to launch a pilot project for the region’s first solar-driven hydrogen electrolysis facility. The announcement came during the 6th …
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Abu Dhabi Markets Watchdog Mulls Crypto Exchange Regulations
The news comes just a week after the United Arab Emirates’ securities regulator issued a warning to residents on the risk of investing in token-based fundraising activities. Abu Dhabi image via Shutterstock
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UAE- Good time ahead for IPOs
(MENAFN – Khaleej Times) IPO activity in UAE has remained subdued for the last few years given the unfavourable market conditions as the region witnessed declining oil prices and economic uncertainty. Most of the prospective companies decided to either …
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UAE Ministry of Finance Holds a Series of Sessions and Meetings With the Managing Director of IMF
The Ministry of Finance (MoF) held a series of sessions and meetings in the presence of HE Christine Lagarde, Managing Director of the International Monetary Fund (IMF), who is visiting the UAE to participate in the Arab Fiscal Forum and World Government …
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Commercial property downturn in UAE extends into ninth quarter
LONDON: Demand for commercial space in the UAE fell for the ninth consecutive quarter in the last three months of 2017, with a marginal decline seen in office rentals, but a steeper deterioration affecting industrial and retail space. Even as demand falls …
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Dubai market rebound unlikely but weak dollar offers hope
Foreign buyers accounted for 20 percent of Dubai real estate transactions in the 18 months to June 2017, data from the Dubai Land Department showed. Your browser does not support the video tag.
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