UAE Business Forum in Abu Dhabi. According to the Ministry of Finance’s website, the UAE has signed 58 agreements for the protection and promotion of investments with 25 per cent of the countries in the world, including most of the UAE’s trading …
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Access Bank UK eyes strong growth in Africa business through Dubai
Dubai: The DIFC branch of Access Bank UK Limited, a wholly-owned subsidiary of Access Bank Plc, a Nigerian Stock Exchange listed bank expects to see strong growth for business through Dubai operations this year. The Access Bank UK was established a decade …
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5 tips to engage bank clients in the digital era
This does not include the foreign institutions based in the Dubai International Financial Centre and Abu Dhabi Global Market. To stand out, every bank needs to be clear who it is trying to serve and deliver something of real value to their customer.
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UAE- How sukuk banks on oil’s recovery
“Noor Bank conducted a non-deal roadshow in Singapore and London in October 2017 even though there was no intention of a deal at that time. In the lead-up to this recent sukuk, we revisited Singapore and London, in addition to Frankfurt and Dubai.”
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First Abu Dhabi Bank posts first-quarter gain
First Abu Dhabi Bank (FAB), the UAE’s largest bank by assets, reported a 2 per cent year-on-year profit increase in the first-quarter, boosted by higher revenue from fees and commissions and a decline in money set aside to cover bad debt. The gain came …
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UAE Embassy in Kuwait denies rumour
Dubai: Fake news circulating in Kuwait has caused a reaction from the UAE Embassy, who urged social media users to stop spreading rumours. On its official Twitter account, the UAE Embassy denied a report over the issue of people without documents to prove …
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Japanese PM praises relations with oil-rich UAE
ABU DHABI, United Arab Emirates — Japanese Prime Minister Shinzo Abe on Monday praised the long relationship his energy-hungry nation has had with the United Arab Emirates, a crucial oil supplier, at the start of a Mideast tour. Abe appeared briefly at a …
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UAE residents warned: Up to Dh1 million fine if you do this
“We ask you to always verify the source and to use the official accounts of the government to verify the news.” The TRA highlighted a provision of the UAE’s anti-cybercrime law that seeks to penalise violators with an imprisonment or fine of up to …
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Registration open for second Solar Decathlon Middle East
Dubai Electricity and Water Authority (Dewa) has announced that registration is now open for the second Solar Decathlon Middle East (SDME). SDME was created through an agreement signed between Dubai Water and Electricity Authority (DEWA) and the US …
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Dubai port operator puts name to hyperloop transport technology
The Dubai-based port operator DP World on Sunday put its name on the hyperloop technology it has already spent millions of dollars to develop, as work continues to make it operational. The cargo system, which is being designed alongside a possible …
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Dubai’s new innovation platform to facilitate conversations, collaboration
Space360, an innovation and knowledge-sharing platform designed to facilitate conversations between various entities and encourage collaboration has been launched in Dubai, it has been announced. Canon Middle East, a provider of imaging technologies and …
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Smart Dubai launches Global Network to connect smart cities
Dubai: Smart Dubai launched ‘The Smart Dubai Global Network,’ the largest international network of smart city stakeholders, on Monday during their annual event ‘Future, Now’ at Dubai Design District. The initiative aims to bring together partners …
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Financial Restructuring Committee Holds Its First Meeting at the UAE Ministry of Finance
The Financial Restructuring Committee held its first meeting at the Ministry of Finance (MoF), which was headed by HE Younis Haji Al Khoori, Undersecretary of MoF and Chairman of the Committee. The meeting had the participation of representatives from MoF …
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Revealed: Where Abu Dhabi property prices, rents rose and fell in Q1
The Abu Dhabi residential property market heavily favoured buyers and renters in the first quarter with price decreases across the city, according to listings site Bayut.com. The company said rents fell by nearly a quarter in some areas compared to the …
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DP World, Virgin Hyperloop One to build hyperloop system for UAE cargo
Dubai: DP World, the Dubai-based ports operator … Phase two refers to the next level of detail for the still untested technology, including a specific route, and a more thorough feasibility study.
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Dubai to transport goods, people at 1,200kmph
“Dubai is in the cutting edge of everything,” said Sir Richard Branson. “What we are looking at is technology that will remove all the misery of travel.” Highlighting examples of how this will be possible, he said: “Travel between airports that normally …
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UAE- How female entrepreneurs will boost Middle East economies
(MENAFN – Khaleej Times) Dubai’s well-earned moniker as a global trading hub is one of the stabilising pillars of the regional community. A robust economic environment not only helps create jobs and supports development but spreads technology and ideas …
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