Dubai: An Omani businessman has been accused of groping a woman shopper while she was with her family at Dubai Mall, a court heard on Thursday. The incident happened when the victim, an Egyptian …
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Man jailed for groping female jogger in Dubai park
Dubai: A Bangladeshi man has been jailed for three months for groping a female jogger at Al Khawaneej. On Thursday, the Dubai Court of First Instance convicted the man, who works as domestic …
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UAE retailers urged to register for VAT tourist refund scheme
the retailer must meet the financial credit requirements specified by the FTA. In a statement, the FTA warned that that a retailer’s membership in the tourist refund scheme could be revoked it they fa…
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Launch of new iPhones fails to generate excitement in UAE
Bakhit from Abu Dhabi gets his hands on the new iPhone XS Max at Dubai Mall pic.twitter.com/YPXGIg5AhG— Gulf News Business (@GulfNewsBiz) September 21, 2018 Last year, around 500 people queued …
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Top UAE banks step up lending as confidence rises
Four of the top banks grew their L&A market share, and two banks increased market share overall [L&A and deposits],” the UAE Banking Pulse report for the second quarter of 2018 by A&M said. Dr Saeeda …
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UAE aims to take gender equality to next level
Abu Dhabi: As the UAE makes strides in women’s empowerment, opportunities for Emirati women are exponentially rising, with the newer fields of artificial intelligence, robotics, space and other …
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UAE aid to Yemen in four years stands at $4b
Abu Dhabi: The UAE’s total assistance to Yemen has reached $4.03 billion (Dh14.79 billion) — from April 2015 to September 2018. The aid was provided to meet the basic needs of more than 16.7 …
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UAE-backed separatist leader vows to continue Hodeidah offensive
but the military operation has begun and there will be no going back,” Zubaidi told Reuters news agency in an interview in the UAE capital, Abu Dhabi. “In all the wars across the world, there is alway…
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UAE Minister talks plans to build a ‘Silicon Valley’ of food technology
A ‘Food Valley’, or a technology hub, dedicated to the development of food and farming automation, is set to be built in the UAE. The project aims to address the country’s rapid population growth and …
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UAE leaders congratulate Armenian president on independence day
The United Arab Emirates (UAE) President Sheikh Khalifa bin Zayed Al Nahyan on Friday sent a congratulating message to his Armenian counterpart, Armen Sarkissian, on the country’s Independence Day, lo…
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UPDATE 1-Saudi’s ACWA Power delays plans for IPO – sources
DUBAI, Sept 20 (Reuters) – Saudi Arabian utility developer ACWA Power IPO-ACPO.SE has delayed plans for an initial public offering (IPO), originally envisaged for this year, sources familiar with …
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Airdxb is opening doors to facilitate short-term property rentals in the UAE
Paperwork. It’s at once the most inevitable and most exasperating necessity when it comes to getting things done, especially when it comes to housing matters. From title deeds, memorandums of understa…
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Expats in UAE cash in on weaker home currencies
The three-month period saw a jump of 8.8 per cent in transfers to Dh44.4 billion as against Dh40.7 billion during the same period last year, data from the Central Bank of the UAE data shows. Other top …
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Expat remittances from UAE increase 13% to $23.96bn
Expat remittances from the UAE totalled AED 88 billion ($23.96 billion) in the first half of 2018, a 13.1 percent growth from the AED 77.8 billion ($21.18 billion) recorded during the same period in 2…
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Al Hilal Bank Successfully Closes Landmark $500 Million Sukuk
The transaction, under Al Hilal Bank’s new management team, marks the first Senior Public Sukuk from the UAE since April 2018, and re-opens the Capital markets for GCC issuers. Al Hilal Bank was last …
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Qatar’s Commercial Bank in talks for $1 billion loan
DUBAI, Sept 20 (Reuters) – Commercial Bank, Qatar’s third-largest lender by assets, is in early talks with banks to refinance a $1 billion syndicated loan, sources close to the matter said. The deal w…
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Qatar’s Commercial Bank says targets $750 million loan refinancing
DUBAI, Sept 20 (Reuters) – Commercial Bank, Qatar’s third-largest lender by assets, aims to raise $750 million through a syndicated loan, a bank spokesman said on Thursday. The deal would be the secon…
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