ABU DHABI/DUBAI (Reuters) – United Arab Emirates banks will be required to provide written justifications for their quotes when they take part in a panel setting Emirates Interbank Offered Rates (EIBOR), banking sources said on Thursday. EIBOR rates …
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Dubai’s billionaire teen
His followers number in the millions and he’s launched his own shoe company. BBC Minute got exclusive access to this extraordinary lifestyle in Dubai.
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Four UAE universities in top 15 in Arab World University Rankings
Four universities in the UAE have been named among the top 31 institutions of higher learning in the Arab region, according to the Times Higher Education’s Arab World University Rankings 2018. Khalifa University of Science and Technology was ranked …
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InfoFort’s CBK Soft and Ark Technology collaborate to advance e-signature technology
UAE. CBK Soft, an InfoFort company that specializes in content management and digital transformation, today announced its cooperation with Ark Technology to boost e-signature usage and its adoption in the region. ArkSigner, an e-signature solution …
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India, UAE share interests in combating terror: UAE minister
It is only (because of) the strategic direction that an oil concession is being granted to an Indian company in UAE. “…And (also) in many many other areas, whether we move in space, nuclear energy, defence technology, cyber technology (the element of …
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Mishal Kanoo Joins Top UAE Delegation for UAE-Japan Business Forum
These sessions aim to discuss ways to enhance mutual cooperation between the business sectors. During the presentations of UAE companies, Mr. Mishal Kanoo delivered his keynote speech titled, “Learning from the Japanese Experience.” In his message …
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Dubai completes $2.45bn financing for metro extension project
Dubai on Wednesday announced the successful completion of the … Banco Santander, First Abu Dhabi Bank, HSBC Middle East, Intesa Sanpaolo and Standard Chartered Bank acted as mandated lead arrangers and the facility providers for the financing.
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Capital gains: Walk the streets of Abu Dhabi
And the ‘Land of Gazelle’, or Abu Dhabi, was born. Kitted out with manicured lawns and high-rises, the desert city has revamped the word oasis. As part of our ongoing series, Gulf News tabloid! looks at the various ways to discover the city.
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ADIC to join Mubadala group as wealthy Abu Dhabi consolidates funds
It was not immediately clear whether the ADIC news presaged more mergers or tie-ups for Abu Dhabi funds. The emirate’s biggest sovereign fund, Abu Dhabi Investment Authority, has an estimated $828 billion of assets and is the third biggest in the world.
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Emaar and Aldar property alliance underscores new economic landscape following oil rout
It comes as UAE property developers are under increased pressure amid a weak housing market, faltering consumer confidence and expatriate job losses. “We are in a new economic reality, one that commenced four years ago with the oil rout. I think the best …
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Abu Dhabi Investment Council to Consolidate into Mubadala
UAE President Sheikh Khalifa bin Zayed Al Nahyan issued a groundbreaking law that restructures the Abu Dhabi Investment Council (ADIC) to be under the Mubadala Investment Company group. Under the new law, the Mubadala Investment Company Board of Directors …
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Abu Dhabi combines funds to form $250B SWF
The ADIC started operating in 2007 and is responsible for investing worldwide part of the Abu Dhabi government’s surplus financial resources, earned from oil exports. It was not immediately clear whether the ADIC news presaged more mergers or tie-ups for …
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Abu Dhabi ruler issues law to merge investment firms
we enhance the country’s competitive position,” he added in comments published by state news agency WAM. Under the new law, the Mubadala Investment Company board of directors will now become the board of directors for the Abu Dhabi Investment Council.
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Abu Dhabi to Combine Sovereign Wealth Funds Creating $250-B ‘Behemoth’
Together Mubadala and Abu Dhabi Investment Council will be the world’s 11th largest sovereign wealth fund. The UAE emirate of Abu Dhabi is to combine two of its largest sovereign funds to create a behemoth with estimated assets of nearly $250-B.
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Victimized by fugitive diamantaireSurat Surat man languishing in Dubai jail
Son of an auto consultant Flesh Kanani, who was appointed as an assorter at Eco Diamonds FZE owned by Jatin’s wife Sonal Mehta and his son Suraj in Dubai in 2014, is languishing in the foreign country since last eight months and unable to return.
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Dubai’s real estate continues to shift towards affordable homes
(MENAFN – Khaleej Times) Dubai’s real estate sector outperformed many other economic sectors of the emirate last year, with 6 per cent growth in the transaction value reaching Dh285 billion in 2017, up from Dh268.7 billion recorded in 2016, according to …
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VAT Has Limited Impact on Real Estate Sector
The Federal Tax Authority (FTA) and Dubai Land Department (DLD) have confirmed that the UAE’s recently introduced VAT will have a limited impact on the real estate sector. FTA and DLD have stated that all real estate transactions, with the exception of …
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