we are confident that Chinese leisure and business travelers will all feel more welcome and engaged in Dubai.” The launch of Hala China and the new radio station come even as the UAE prepares for an o…
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Business TV giant CNBC plans new studio at Nasdaq Dubai
CNBC, the world’s number one business and financial news network, has announced the expansion of its Middle East operations with a new studio set to open in October at Nasdaq Dubai. The network will u…
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Abu Dhabi villa rents slump by as much as 16% in year
Rental values in Abu Dhabi have fallen by as much as 16.6 percent over the past 12 months, according to analysis by real estate website Bayut.com. Its H1 2018 market report for Abu Dhabi said average …
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Abu Dhabi, the capital of UAE, to establish smart geospatial center
UAE: The Abu Dhabi Smart Solutions and Services Authority (ADSSSA) has announced the Smart Geospatial Contact Centre, a first-of-its-kind government level project being implemented in cooperation with …
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Amnesty Calls for ‘War Crimes’ Probe on UAE-run Prisons in Yemen
Amnesty International accused the United Arab Emirates (UAE) and allied Yemeni forces of torturing detainees at a network of secret prisons in southern Yemen and said such violations should be investi…
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Dubai real estate brokers see commissions slump by $68m in H1
“The accreditation system for brokers that was set in place by Dubai Land Department was initiated to sustain a secure real estate environment for all parties in the market.” Subscribe to Arabian Busi…
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Dubai property agents see 30% drop in commissions in H1
Real estate brokers in Dubai earned more than 30 per cent less in commission in the first half of 2018 than they did in the same period last year, according to Dubai Land Department. Official figures …
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Dubai date for Oz consultants
ACWA Power and the Dubai Electricity and Water Authority have appointed consultancy Advisian as owner’s engineer for the 700MW fourth phase of the Mohammed bin Rashid Al Maktoum solar complex in Dubai …
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Dubai Properties enters into strategic partnership with DLD
RELATED ARTICLES: Dubai Properties unveils Middle East’s largest living green wall | Sheikh Hamdan approves DLD restructure | Project update: Inside Dubai Properties’ minimalist $272m 1/JBR tower Duba…
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Report: UAE banks continue to register higher profitability
on Sunday said in its latest UAE Banking Pulse for Q1 2018 report. Comparing the data of the 10 largest listed banks in the UAE, this UAE Banking Pulse report looks at the first quarter of 2018 (Q1 20…
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Dubai Bank credit officer charged with a plot to steal Sh245 million
NAIROBI, KENYA: A credit officer at Dubai Bank Kenya (in liquidation) has been charged with a plot to steal Sh245 Million. Rajab Ahmed Karume appeared before Milimani Senior Principal Magistrate Marth…
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UAE banks to record higher profitability and liquidity through 2018 Stand first
The country’s 10 largest listed banks analysed in A&M’s UAE Banking Pulse are First Abu Dhabi Bank, Emirates NBD as well as Abu Dhabi Commercial Bank, Dubai Islamic Bank and Mashreq Bank. Additionally …
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Traps to avoid when buying property in the UAE
The sales market has been buoyant in the off-plan sector but troubled in the secondary market for some time now. Prices have been sliding since 2015 due to the oil price crash and resulting issues aro…
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Leveraging applied research to bring industrial innovation to the UAE
Training, educating and enriching the UAE’s people in disciplines and industries of strategic relevance for the country’s present and future is an ongoing challenge for the country, and it is a worthy …
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UAE banks improve first quarter performance as costs decline, Alvarez & Marsal says
Commercial Bank of Dubai reported a 68 cent rise in its first-half net income as operating expenses and impairment charges for bad loans declined while net interest and fee income climbed. Net profit …
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Japan group rebrands subsidiary as MUFG Bank
The Bank of Tokyo Mitsubishi, DIFC-Dubai has been renamed MUFG Bank, Ltd., DIFC Branch – Dubai • The Bank of Tokyo Mitsubishi, Bahrain has been renamed MUFG Bank, Ltd., Bahrain Branch • The Bank of To…
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Abu Dhabi rent, price declines forecast to continue
“The Abu Dhabi residential market is continuing to face tough market … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC …
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