Dubai Islamic Bank, the largest Islamic bank in the UAE, has been recognized by Dubai Service Excellence Scheme (DSES) for the “Widest Implementation of the Happiness Meter” across its 34 branches in 2017. Mr. Nasser Al Awadhi, Chief of Consumer …
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First Abu Dhabi Bank appoints new CEO for Saudi Arabia’s banking business
Dubai: First Abu Dhabi Bank (FAB) said on Wednesday it has appointed Layth Al Shaiban as Chief Executive Officer of its new commercial banking business in Saudi Arabia, subject to regulatory approvals. FAB has been licensed by the Saudi Arabia Monetary …
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UAE Banks Federation issues financial literacy handbook to reduce chronic indebtedness
Central Bank of the UAE data, released last month, found that of the 7.168 million cheques worth Dh351.1 billion, handled by the UAE Clearing Cheque System during the first three months of 2018, Dh15.7bn worth bounced. “The UAE Banks Federation is no doubt …
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Nasdaq Dubai welcomes Noor Bank USD500mln sukuk listing
(MENAFN) The Nasdaq Dubai exchange has welcomed the listing of a USD500 million sukuk by Noor Bank, a UAE-based sharia-compliant bank. The five-year sukuk issue was oversubscribed 2.1 times, according to an official statement. After a USD500 million …
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UAE’s First Abu Dhabi Bank hires Saudi head
First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates by assets, said on Wednesday it has appointed Layth al-Shaiban, a former executive at Qatar National Bank, as head of its Saudi Arabian business. FAB, created by last year’s merger …
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Noor Bank Discusses Impact of VAT at Its Launch of ‘Noor Business Council’
Noor Bank, one of the leading Shari’a-compliant banks in the UAE, today announced the launch of the Noor Business Council (NBC), which is a thought leadership platform. Bringing together SMEs and large corporate clients of Noor Bank, the NBC has been …
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UAE to exempt gold and diamond trading from VAT
The UAE Cabinet has adopted a law to introduce the VAT Reversed Charge mechanism for investors in gold, diamond and precious metals, meaning that while there will only be documented entries of five per cent VAT in the books of both buyers and sellers …
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Which Abu Dhabi areas had property sales and rentals dropping in Q1?
The Abu Dhabi property market heavily favoured renters and buyers in Q1 in 2018, with Bayut.com data showing price decreases in all areas. Both apartments and villas across the sales and rental sectors became increasingly affordable in Q1, with the …
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30 second response: the Dubai firefighting revolution
director general of Civil Defence in Dubai, said: “The approved project wll accelerate the response time to 30 seconds in vital areas. A competent and authorised person will take an effective action through real-time transmission using technology and …
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Dubai’s DED launches blockchain-based commercial business registry
Dubai’s Department of Economic Development [DED] and the Dubai Silicon Oasis Authority [DSOA] have launched the “Dubai Blockchain Business Registry Project” to store and update company registration information issued by DED and local free-zone …
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UAE Number 1 in MENA Region for Investment in Startups and Number of Deals
Confidence in the UAE’s technology sphere remains high, with the country holding fast to its position as the leader in driving digital startups across the region in 2017, both in terms of number of investors and deals. Sheikh Hamdan bin Mohammed bin Rashid …
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Sharjah Launches its First English Speaking Radio Station
In addition, Pulse 95 will also feature daily personalities, stories, and interviews covering local, regional, and international news whilst highlighting all of the latest developments in Sharjah.
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Billionaire Shetty said to hire Evercore on Finablr IPO
Dubai-based billionaire Bavaguthu Raghuram Shetty hired Evercore to advise on a potential initial public offering for his financial-services company, according to people with knowledge the matter, as he seeks to expand a sprawling empire built on offering …
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Meet Dubai’s master sandman
“Some people think I’m looking for gold. Others think I’m cleaning the beach,” Dubai-based artist Nathaniel Alapide tells Gulf News #Pinoy with a guffaw. But what he really does is a job no one else in the UAE has: he’s a sand artist. Alapide has been …
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DUBAI, United Arab Emirates | IMF: Mideast not growing fast enough to reduce unemployment
DUBAI, United Arab Emirates — The International Monetary Fund said Wednesday that nearly a quarter of the Middle East’s youth are unemployed, warning that unless deeper reforms are made, millions of young people entering the labor market each year may …
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New platform to help navigate UAE’s free zones
An online UAE Free Zone Navigator has been launched to help entrepreneurs, investors, and companies determine the most appropriate free-trade zone when looking to establish their presence in the country. The platform, which was launched by US legal firm …
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Business confidence rises in Dubai in Q1, survey shows
Business confidence in Dubai has risen over the first quarter of 2018 and Q4 2017 as local businesses anticipate better revenues, sales volumes, orders and profits, according to a survey conducted by the Department of Economic Development (DED). According …
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