The report also noted that 1.5 million sqm of new retail space will be delivered to the Dubai market, adding roughly 50 percent to existing inventory. But technology and innovation is rapidly changing the retail landscape and the way in which retailers …
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Dubai Business Club offers new value-added service package
The Department of Economic Development (DED) in Dubai has unveiled a value-added service package for investors using the services of its Dubai Business Club. The new package includes economic, administrative and legal consultancy, market research …
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Dubai crowned ‘Creative City of Design’ by Unesco
Dubai: Dubai has become the first city in the Middle East to be appointed as a ‘Unesco Creative City of Design’, officials announced on Sunday. Dubai is now the 24th such city in the world, within the Unesco Creative Cites Network (UCCN), which has 180 …
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UAE Banks Federation Launches UAE’s Financial Literacy Handbook for SMEs
In view of financial literacy’s critical role in the success of an economy and sustainable development of a society, the UAE Banks Federation (UBF), has stepped up its efforts to increase the level financial awareness in the country. For organizations …
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High profitability underpins UAE banking sector
Dubai: The UAE’s banking sector has remained largely resilient to the decline in oil prices and it impact on government finances and economic growth, according to a recent report from ratings agency, Moody’s. Real estate and government-related entity …
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UAE’s public finances stabilising towards a balanced budget in 2019
This is in addition to a $317 million panda bond issued in February, as well as USD-denominated bank loans from both UAE and foreign banks. Ras Al Khaimah also has $1.7 billion in borrowings. Funding deficits through external borrowings The structure of …
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These UAE billionaires donate half of wealth to charity
He is the son-in-law of UAE-based retail tycoon M.A. Yusuff Ali, owner of LuLu hypermarkets. In his letter to Gates, Vayalil highlighted his desire to do good things “for the greater good.” Vayalil started his healthcare business only about a decade …
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Indian expat wins Dh10 million in Abu Dhabi draw
Big Ticket Abu Dhabi announced on Sunday that the latest winner of the mega draw is Dickson Kattithara Abraham from India. His lucky ticket number is 012027. The winner is based in Nigeria and he bought the ticket from the store while travelling through …
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Dubai taxi driver honoured for rescuing woman
Dubai: A taxi driver was honoured for assisting a woman whose car broke down last week in Dubai Internet City. Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), gave a certificate of …
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2 children drown in Dubai swimming pool
Dubai police told Gulf News. The one-and-half-year-old girl Suad and her two-and-half-year-old cousin Shehab, had some food during Iftar time and then disappeared. Brigadier Ahmad Thani Bin Gulaitha, head of Police Stations Council in Dubai Police …
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UAE- Reflecting on financial discipline in Ramadan
(MENAFN – Khaleej Times) For many of us, the holy month of Ramadan has come to mean only taraweeh, suhour and iftar. In the rush to prepare for social occasions with family and friends, we often forget that Ramadan is basically a time for reflection – that …
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Dubai Investments Real Estate Company Wins ISO Certification
Dubai Investments PJSC [DFM: DIC], the leading, diversified investments company listed on the Dubai Financial Market, has announced that its wholly-owned real estate subsidiary Dubai Investments Real Estate Company [DIRC] has won the prestigious ISO 9001 …
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Majority of UAE workforce skips office to work elsewhere
This is in addition to the financial and strategic advantages that it brings for businesses. The move to flexible workspaces reflects the changing demands and expectations of the workforce. 84 per cent of those surveyed in the UAE agree that flexible …
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Reflecting on financial discipline in Ramadan
Ethical financial management can give us great peace of mind, and as Muslims, we must give priority to investments through halal products and solutions in order to gain a halal income. Fortunately, Dubai is now the hub of Islamic economy and finance.
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United Arab Emirates shares lower at close of trade; DFM General down 0.76%
Investing.com – United Arab Emirates equities were lower at the close on Sunday, as losses in the Real Estate & Construction, Banking and Finance & Investment sectors propelled shares lower. At the close in Dubai, the DFM General declined 0.76% …
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UAE- She has a panacea for all your medical woes
(MENAFN – Khaleej Times) The UAE has a number of organisations that empower and encourage … My interests are Economics, Finance and Information Technology. Prior to joining Khaleej Times, I have worked with some leading publications in India, including …
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UAE research center to help promote Islamic finance in Azerbaijan
The AlHuda Center of Islamic Banking and Economics will help Azerbaijan improve literacy in Islamic financial services and promote other services, the Center told Trend. The Al Huda Center has already conducted the necessary studies in Azerbaijan on the …
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