The countries’ central bank governors will sit on the board and a secondary office will be set up in the United Arab Emirates, he said, without saying when the company would start operating. The company is being started even though GCC members Bahrain …
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Abu Dhabi Police celebrates 60 years with giant projections
The Abu Dhabi Police has celebrated 60 years of service with a strong new identity and a spectacular anniversary show. The invite-only event featured impeccably choreographed parades, moving vehicles, live demonstrations from officers and an array of …
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‘Smart technologies will help Dubai become happiest city’
In this first part, of our two-part interview, Dr. Aisha Bin Bishr, Director General, Smart Dubai, talks technology, happiness and artificial intelligence. We want Dubai to be the happiest city in the world by implementing advanced smart technologies to …
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Latest technologies on display at Dubai Woodshow
Dubai WoodShow, a three-day international trade exposition on wood products and woodworking technologies, opened today (March 12) in Dubai, UAE with 300 exhibitors from 55 countries and six country pavilions. Dr Abdullah bin Mohammed Belhaif Al Nuaimi …
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UAE, Botswana officials in talks to boost trade ties
During the UAE-Botswana Business Forum taking place in Dubai on Monday, officials from the UAE said there is “huge potential” to extend the scope of bilateral trade as the Emirates aims to capitalise on high-growth economies. “[Most of] the trade now …
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Dubai DOF, Deloitte partner to implement IPSAS
The Department of Finance (DOF) of the Government of Dubai has partnered with professional services firm Deloitte to enable the Government of Dubai to implement International Public Sector Accounting Standards (IPSAS). The strategic partnership agreement …
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First Abu Dhabi Bank Signs Escrow Agreement With RERA-RAK
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has signed an escrow agreement with the Real Estate Regulatory Administration in Ras Al Khaimah (RERA-RAK). The agreement allows the …
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UAE central bank to launch new EIBOR system next month
The United Arab Emirates central bank will next month launch a new way of setting Emirates Interbank Offered Rates (EIBOR), helping to make the system more accurate and transparent, a senior banking industry official told reporters on Monday. “We have …
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Top Skills Banking Professionals in the UAE Need to Succeed Today
Knowledge is key to successful people in all industries. But I would argue the banking and financial services landscape is among the few professions in the world, where a constant refresher of knowledge is not just integral to one’s success, but to simply …
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ENBD to back nationalisation drive at Careers UAE
Emirates NBD, a leading bank in the region, has announced its participation as part of the bank’s strategy to boost nationalisation efforts at the Careers UAE 2018, which will be held from 13 – 15 March at Dubai World Trade Centre. The bank’s …
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Sharjah Government issues $1bn sukuk, its largest ever
director-general of Sharjah Finance Department. It is the region’s first sovereign sukuk issued in 2018, state news agency WAM reported on Monday, and the revenue from the sukuk will be used to fund infrastructure in the emirate. Al Sayegh said …
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Are UAE banks really on the ‘path to profitability’?
READ: Who made the 30 under 30 list? Primarily, the data reveals that, in spite of increasing costs, the country’s four biggest banks – ADCB (Abu Dhabi Commercial Bank), DIB (Dubai Islamic Bank), Emirates NBD and FAB (First Abu Dhabi Bank …
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Abu Dhabi hotel room rates fall by almost a quarter in February
DUBAI: Abu Dhabi hotel room rates fell by almost a quarter in February as demand slowed, with a major exhibition being held in the emirate in an off year. Average daily room rates (ADR) were down 23.3 percent to 431.34 dirhams in February, industry monitor …
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Dubai to host WoodShow
DUBAI – The flourishing global wood industry is taking centerstage when Dubai plays host to the Dubai WoodShow for three days beginning March 12 at the Dubai World Trade Centre. More than 300 exhibitors from 55 countries are set to offer best products at …
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UAE Central Bank jobs for Emiratis at career event
The Central Bank of the UAE has announced its participation in the upcoming 2018 Careers UAE exhibition, a national platform that connects Emirati jobseekers with employers looking for local talent. Set to run from March 13-15 at the Dubai World Trade …
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ADCB Participates in Careers UAE 2018
Abu Dhabi Commercial Bank “ADCB” announced its participation in Careers UAE Exhibition 2018 to be held at Dubai World Trade Centre from13th to 15th March, 2018 under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice …
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Mashreq Bank to participate in Careers UAE
Mashreq Bank, the UAE’s leading financial institution, will continue its efforts to foster the growth of Emirati talent through its participation in Careers UAE 2018. Taking place at the Dubai World Trade Centre from 13-15 March, this marks the 18th …
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