The UAE’s banking sector liquidity continued to remain strong in the month of April despite sluggish growth in both deposits and credits, according to monetary data from the Central Bank of UAE. An analysis of April data by Abu Dhabi Commercial Bank’s …
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Swiss bank Lombard Odier in talks on Saudi partnership
Dubai: Swiss private bank Lombard Odier is in talks to set up a partnership with a Saudi bank as it aims to strengthen its presence in the Gulf, its managing director said on Wednesday. The Geneva-based bank, which had $281 billion (Dh10.3 trillion …
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222 year old Swiss Bank Lombard Odier looks to grow Islamic assets in the Gulf
Swiss Bank Lombard Odier is looking to grow its share of customers in the GCC with a range of new Shariah compliant products. It is also in talks to expand its presence in the UAE and partner with a bank in Saudi Arabia to set up shop in the country.
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Dubai Properties unveils ‘Living Green Wall’ at Dubai Wharf
Dubai Properties has unveiled what it calls the Middle East’s largest living green wall at Dubai Wharf as part of its initiative to promote sustainable living. An announcement from the real estate major said the structure, located in Culture Village …
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Immensa Technology Labs Is First UAE Company to File for 3D Printing Patent
One year ago, top UAE additive manufacturing company Immensa Technology Labs, which is focused on 3D printing research and development, opened the doors to the first 3D printing facility in Dubai. Immensa is the first privately owned company to …
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11 stranded Indian sailors repatriated from Sharjah
Therein, we were helped by the coast guard and the Sharjah Port Authority. Six Indians on board that ship were repatriated yesterday (Monday) and day before yesterday,” Vipul told Gulf News. “The ship was stuck because the company had not paid the port …
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Abu Dhabi’s Dh50bn stimulus will boost economic growth, property market
The new Dh50 billion stimulus plan for Abu Dhabi announced late Tuesday by Sheikh Mohammed bin Zayed, the Crown Prince will help lift gross domestic product growth, increase consumption and revitalise the property market as the government takes advantage …
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Residency boost for Dubai and Abu Dhabi
A decision to extend visas to 10 years for some professionals is seen as a boon for a foreigner-dependent United Arab Emirates property industry that’s been in the doldrums… As homebuilders in Dubai and Abu Dhabi think up extravagant incentives to shake …
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UAE, Saudi partner on 44 strategic economic, military projects
The UAE and Saudi Arabia announced a partnership for economic, developmental and military integration through 44 strategic projects during a historic meeting on Wednesday. The announcement came after the first meeting of the Saudi-Emirati Coordination …
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New Apple Watch app won’t be released in UAE
will not be available in the UAE, Apple confirmed on Wednesday. The Walkie Talkie app, named after Second World War-era technology that first allowed soldiers to communicate using radio waves, will be rolled out when Apple’s WatchOS 5 software launches …
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UAE, Saudi Arabia announce ‘Strategy of Resolve’
Jeddah: The UAE and Saudi Arabia announced on Tuesday a joint vision for economic, developmental and military integration through 44 joint strategic projects. A total of 350 government officials from different fields prepared “The Strategy of Resolve …
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Immensa Technology Labs files patent for 3D printed construction in Dubai
Immensa Technology Labs, a company dedicated to the advancement of 3D printing throughout the United Arab Emirates (UAE), has filed a patent for an additive manufacturing method that makes patterns for molding building materials, such as concrete.
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Immensa first UAE firm to file for 3D-printing patent
Immensa Technology Labs, the UAE’s leading additive manufacturing (AM or 3D printing) company, has become the first UAE-based company to submit a 3D printing related patent. The patent — an Immensa proprietary method for the production of moulds for …
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Bitibex Technologies Announces the New Algorithms of ICObold Platform
DUBAI, United Arab Emirates, June 6, 2018 /PRNewswire/ — Bitibex Technologies, which researches and develops Blockchain based technologies and application platforms, announced today the new algorithms of ICO listing on ICObold, the first smart ICO listing …
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Abu Dhabi fund named world’s biggest real estate investor
Abu Dhabi Investment Authority (ADIA) has been named the world’s biggest real estate investor with assets exceeding $62 billion. The sovereign wealth fund topped a list of the world’s top 10 property investors in a research note published by Indosuez …
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New housing plans will help make Abu Dhabi ‘number one globally’ for home ownership
announced on Monday that Abu Dhabi plans to double the number of housing loans and reduce waiting times for property. Dr Abdulla Al Nuaimi, a cabinet member and Minister of Infrastructure Development, told The National on Tuesday that the country is now on …
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Dubai credit cards hacked: What to do?
Dubai: UAE-based expatriate Claire has been without a credit card for a few days now since her bank blocked her account following a series of hacking attempts. Last Sunday, someone tried to use her Dubai-issued card at least four times online and charged …
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