About 42.34 per cent of non-resident Indians (NRIs) in the UAE responding to a survey conducted by the Indian Property Show organizers declined requirement for finance to buy property – up from 33.66 per cent a few months ago. The slide in the Indian …
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12,871 jaywalkers fined in Sharjah
Lieutenant Saud Al Shaiba, spokesperson for the Traffic and Patrol Department, told Gulf News that Sharjah Police issued fines to 12,871 people who were caught jaywalking in the emirate till May this year. However, only five people have been fined since …
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DPS Society announces end of association with two UAE schools
The Delhi Public School Society, India, carries no responsibility whatsoever for actions of Delhi Private School, Sharjah and Delhi Private School, Dubai,” it added. Last month, Gulf News had reported that the DPS Society, which lends its brand name to …
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Atlas Jewellery’s Ramachandran out on bail, can’t travel outside UAE
Dubai: Owner of Atlas Jewellery, M.M. Ramachandran, who was in prison for defaulting on several loans, has been released on a conditional bail, sources have confirmed to Gulf News. Dh550m is the total amount involved in the multiple loan default case Known …
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Revealed: Top 10 banks in the UAE
This, along with diversification efforts, should provide a boost to the banking sector this year, meaning the forecast is for a marginal increase in returns. The UAE has seen among the biggest changes in the regional banking sector over the last year …
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Dubai’s Emirates NBD reveals Easyhub banking initiative
Emirates NBD has partnered with Diebold Nixdorf to launch Emirates NBD EasyHub, the region’s first integrated digital kiosk that will allow customers to sign up for new products and access a variety of teller services. The bank said it will function like …
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DMCC powers Islamic Bank of Afghanistan with Sharia-compliant Murabaha transaction capability
Dubai: DMCC has welcomed the Islamic Bank of Afghanistan as the newest member of its DMCC Tradeflow platform, a dedicated online platform for registering possession and ownership of commodities stored in UAE-based storage facilities. The announcement …
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UAE free zone welcomes Afghan bank as new member
Dubai: The United Arab Emirates’ (UAE) biggest free zone Dubai Multi Commodities Center (DMCC) welcomed Islamic Bank of Afghanistan as its newest member, DMCC said on on Saturday. The bank, Afghanistan’s first Islamic bank, will use service facilities of …
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Natixis to close commodity trade finance desks in Geneva and Dubai
activities in Paris as part of its new strategic plan that will see the French investment bank close desks in Geneva and Dubai. The changes will have a marginal impact on its activities and will allow Natixis “strengthen its intervention and better serve …
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DMCC welcomes Afghan bank to trade platform
DMCC, a leading Free Zone and Dubai Government Authority on commodities trade and enterprise, has welcomed the Islamic Bank of Afghanistan as the newest member of its DMCC Tradeflow platform, a dedicated online platform for registering possession and …
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UAE, Saudi Arabia announce joint vision through 44 projects
The United Arab Emirates and the Kingdom of Saudi Arabia have announced … build a unified industrial database, empower the banking sector in both countries, harmonize economic procedures and legislations and create a joint council to coordinate foreign …
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State media publish images of UAE’s president in France
United Arab Emirates – State media in the United Arab Emirates have published images of the country’s president, Sheikh Khalifa bin Zayed Al Nahyan, at his home in France. The state-run WAM news agency offered photos of Sheikh Khalifa being greeted by …
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Three years after giving birth to twins, mother still paying bills in UAE
Dubai: Dubai resident Delma Dias was thrilled to find out she was carrying twins when tragedy struck in the fifth month of her pregnancy. Living with her husband, 10-year-old daughter and mother in Dubai for over eight years, the Indian mother was looking …
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Tomorrow’s Cities: Dubai and China roll out urban robots
The robocop, complete with police hat to give it that eerie uncanny valley feel, was shown off outside the world’s tallest tower, Burj Khalifa, in Dubai, last June. But since then what has it done? And is Dubai’s love affair with robotics any more than …
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UAE: FDI’s most wanted
Monica Malik, chief economist, Abu Dhabi Commercial Bank, noted that many of the recent moves by the government to improve the business environment and reduce fees are supportive of FDI. “The move to lower aviation fees in Dubai last week highlights that …
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33 arrested over phone scam in UAE
Dubai: Dubai Police have busted a large telemarketing racket that conned people into parting with their money in return for “prizes” purportedly from telecom companies. In separate raids on their hideouts in Deira and a neighbouring emirate, 33 Asian …
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UAE attempting to buy property in occupied East Jerusalem, Palestinian cleric warns
The United Arab Emirates allegedly trying to buy up property in occupied east Jerusalem close to the Al-Aqsa mosque, a Palestinian cleric has warned. The United Arab Emirates allegedly trying to buy up property in occupied east Jerusalem close to the Al …
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