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Month: February 2018

Posted on 10/02/2018

Dubai Islamic Bank to begin branchless banking by June

KARACHI: Dubai Islamic Bank Pakistan (DIBP), the wholly owned subsidiary of UAE-based first Sharia-compliant financial institution across the world, announced on Thursday that it would kick-start branchless banking by June 2018. M-wallet services would …
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Posted on 10/02/2018

Dubai Islamic Bank & Zing Digital Commerce Sign Agreement for a Branchless Banking Service

Dubai Islamic Bank Pakistan & Zing Digital Commerce signed an agreement for deployment of Branchless Banking platform. This agreement will pave the way for Digitization of Banking products to enable the Bank to offer variety of products to the unbanked and …
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Posted on 10/02/2018

UAE PMI: Improving economic conditions resulted in further gains in output and new orders

USD 128 Billion). The Group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 per cent of all financial transactions and requests conducted outside of its branches.
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Posted on 10/02/2018

NAB to probe Pakistanis’ Dubai investment

All the investment made in the Dubai’s real estate are illegal, as the State Bank of Pakistan has already informed the committee that the central bank never gave the permission to any individual to invest in the real estate sector anywhere in the world.
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Posted on 10/02/2018

UAE, Switzerland being asked about Pakistanis’ assets

ISLAMABAD: The government has started negotiations with the UAE and Swiss governments to collect information regarding Pakistanis holding billions of dollars of offshore assets and bank accounts to bring these Pakistanis into the tax net. “We have …
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Posted on 10/02/2018

NAB to be tasked for getting details on UAE investments

The FBR had received a list of 100 Pakistanis, who had invested in real estate business in Dubai, from the Federal Investigation … misappropriation in the promotion process for National Bank of Pakistan employees, Governor State Bank of Pakistan Tariq …
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Posted on 10/02/2018

Abu Dhabi off-plan sales activity robust in Q4

“Downsizing did, however, bring some positive news for investors, as rents for one-bedroom apartments … This plan could be the turning point for Abu Dhabi’s real estate sector as it could generate new jobs and therefore renewed demand for residential …
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Posted on 10/02/2018

50 luxury flats in Dubai have been sold for bitcoin — and one buyer bought 10

Two UK entrepreneurs announced a $327 million property development in Dubai last year. Some of the apartments are being sold in bitcoin. Lingerie tycoon Michelle Mone and her billionaire partner Doug Barrowman are behind the project and told Business …
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Posted on 10/02/2018

Iconic Dubai and Abu Dhabi buildings go Tricolour to mark PM Narendra Modi’s second visit

The Indian flag being displayed by the Burj Khalifa (left), Dubai Frame (center) and ADNOC Headquarters (right) to mark PM Modi’s visit. (Pictures: Twitter/@IndembAbuDhabi) PM Narendra Modi is the only Indian premier to have officially visited the United …
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Posted on 10/02/2018

Viviani confident as overall victory at the Dubai Tour comes into reach

Elia Viviani said he will sleep easy before Saturday’s final stage of the Dubai Tour, convinced he can defend his two-second overall lead and even celebrate overall victory by winning the final stage in downtown Dubai. Kittel, Cavendish, Kristoff …
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Posted on 10/02/2018

Dubai, Happiness and Sustainability

His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, has said that the UAE’s development journey progresses according to a clear strategy and objectives, that aim to place the country at the highest …
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Posted on 10/02/2018

Dozens injured as 44 vehicles collide in Abu Dhabi

At least 22 people sustained injuries as 44 vehicles collided in a single day in Abu Dhabi due to fog, Gulf News reported on Tuesday. Authorities in the capital city have cautioned motorists to choose alternate routes after two multi-vehicle mishaps cause …
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Posted on 10/02/2018

Dubai grants new business privileges to ‘Emiratis of determination’

said a report from Dubai’s state news agency WAM. In April last year, Dubai’s ruler Sheikh Mohammed bin Rashid Al-Maktoum decreed that disabled people would be known as ‘people of determination’ in a move to recognize “their monumental efforts in …
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Posted on 10/02/2018

All set for ”Abu Dhabi Week” in Kochi

All arrangements are in place for the “Abu Dhabi Week” to be held here first and then in Kolkata, an official said on Friday. KOCHI: All arrangements are in place for the “Abu Dhabi Week” to be held here first and then in Kolkata, an official said on Friday.
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Posted on 09/02/2018

One-third of UAE residents spy on their partners online

More than a third of UAE residents spy on their partners online to see what they’re up to despite nearly 80 percent believing that couples should have private space, both online and offline, according to new research from Kaspersky Lab and Toluna.
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Posted on 09/02/2018

Dubai Tour 2018: Sonny Colbrelli strongest on Stage 4, Elia Viviani primed to win title

DUBAI: Italian cyclist Sonny Colbrelli, who rides for Bahrein Merida, won the “queen” stage of the 2018 Dubai Tour that stretched across the Hatta Dam climb in a frenzied finish on Friday. Magnus Cort Nielsen, who had finished third during Stage 2, emerged …
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Posted on 09/02/2018

Off-plan sales dominate Abu Dhabi housing market

Off-plan sales are driving the Abu Dhabi housing market as the emirate continues to feel the effects of diminished government spending and sluggish economic growth, according to a new report from international property company Chestertons MENA. According …
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