Supply and demand remained the key market trends for November with the newly-added residential units for the month surging to 1,890 through completion of six new projects in Dubai and one each in Abu …
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UAE residents negotiate better rental rates in tenant-friendly market
More than six in 10 UAE tenants negotiated a rent decrease on their existing property in the last year, a new poll from real estate portal dubizzle Property found. According to the poll of 1,400 condu…
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UAE leads Arab region in artificial intelligence adoption
The report by the Dubai Technology Entrepreneurship Campus, prepared in collaboration with ArabNet and startAD, also revealed that the UAE is followed by Saudi Arabia with an expected 31.3 per cent an…
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UAE leads Arab region in AI adoption
The UAE is leading the Arab region when it comes to the adoption of artificial intelligence (AI) solutions, which is set to see an annual growth rate of 33.5 per cent, a new report has revealed. The r…
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UAE banks now required to run credit checks before issuing chequebooks
The Central Bank of the UAE (CBUAE) has requested all lenders to run credit checks … according to a circular sent to financial institutions. In the case of new customers, banks are limited to issuin…
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Changes to the Dubai International Financial Centre’s (“DIFC”) Legal and Regulatory Framework relating to DIFC registered Companies
His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as president of the DIFC, vice president and prime minister of the United Arab Emirates (“UAE”) and Ruler of Dubai, has recently ena…
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Dubai Financial Market Publishes Updated Versions Of Its Shari’a Standards To Cater For The Growing Interest In Green Economy And Sustainability
HE/ Essa Kazim: “We are committed to expand our standards in line with the Islamic finance’s momentum as a result of the leading initiative of His Highness Sheikh Mohammed bin Rashid Al Maktoum to for…
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Dubai Financial Market updates Sharia standards
Dubai: The Dubai Financial Market (DFM) has published updated Sharia standards in a move to bolster the regulatory framework supporting the Islamic capital markets sector. The updated guidelines …
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Abu Dhabi Plans Welfare System Linked to Jobs
Abu Dhabi, the wealthiest of the United Arab Emirates, plans to offer its unemployed citizens a welfare program linked to job opportunities, the National newspaper reported. Jobless citizens, who can …
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UAE to witness 3 eclipses in 2019 on these dates
The UAE and the Arabian Peninsula will witness three eclipses – two lunar and one solar – in 2019, said Ibrahim al-Jarwan, a researcher in astronomy and meteorology, who is also a member of the Arab U…
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Dubai’s Emaar begins operations in China
Dubai-listed property developer Emaar said on Tuesday it had begun business development operations in China. The launch follows the company’s announcement of its expansion to the country in July …
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A walk through Dubai’s supercity of futuristic skyscrapers made me uneasy for any city that mimics its rapid development
The development has been aimed at one thing: becoming the Middle East’s Hong Kong or Singapore — an easy place to visit, spend money, and do business. But for those looking at Dubai and wishing their …
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Doha Bank to cut construction exposure, keep UAE branches: CEO
DOHA (Reuters) – Doha Bank will cut its exposure to construction companies to 10 percent from 17 percent of lending in the next three years, its CEO said on Tuesday, part of efforts to adjust to a bui…
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How To Buy Freehold Property In Dubai
A lot of research prior to purchasing your own home in Dubai is essential especially when you are not accustomed to the procedure. Freehold areas are some specific areas stipulated by the UAE Governme…
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Dubai Property Show returns to Mumbai for another successful run
• Expo 2020 a big growth driver for Dubai economy, experts predicting 35-50% growth in the region. • Dubai offers tax-free returns and its rental yields in the range of 7-12% are amongst the highest i…
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UAE tops region in adoption of AI solutions with annual growth rate of 33.5%: report
UAE – A report by the Dubai Technology Entrepreneurship Campus (Dtec), a wholly owned technology hub by Dubai Silicon Oasis Authority (DSOA), prepared in collaboration with ArabNet and startAD, an inn…
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IPO activity in GCC ‘continues to slow down in Q3’
Global IPO activity in Q3 2018 suffered compared to last year – proceeds … The company completed its seventh debt listing on NASDAQ Dubai, raising $2.3 billion from corporate bond and $1.0 billion f…
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