The UAE Ministry of Finance has affirmed that no new fees or additional taxes would be introduced in the coming years. The Ministry of Finance has also confirmed that the government plans to spend mor…
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Abu Dhabi, Dubai welcome more tourists in 8 months
The combined number of tourists who visited Abu Dhabi and Dubai increased by 1.6 per cent during the first eight months of 2018 compared to the same period in 2017, which confirms the capacity of the …
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No fee hikes, new taxes in UAE for 2019
The UAE Ministry of Finance has affirmed that no new fees or additional taxes would be introduced in the coming years. The Ministry of Finance has also confirmed that the government plans to spend mor…
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Arabtec wins $60m Dubai Properties contract
Arabtec Holding has been awarded a Dhs222m ($60.4m) contract by Dubai Properties to build 352 new villas at is master planned Villanova project, the company has announced. In a statement to the …
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Arabtec wins $60m contract to build Dubai Properties’ Villanova homes
The construction subsidiary of Dubai-listed Arabtec Holding has won $60.4m (AED222m) contract to build 352 villas at Dubai Properties’ Villanova master development in Dubailand. Arabtec Construction’s …
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Money & Me: ‘My financial responsibilities as a single mum are huge’
My dad’s background is finance, a chief financial officer of advertising agencies … I did Arabella’s third birthday at Montgomerie Golf Club, Dubai. From that party I got three bookings, from people …
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Sheikha Latifa: Mary Robinson ‘backed Dubai version of events’
Former UN rights chief Mary Robinson has been accused of supporting the emirate of Dubai’s version of events over a princess who was feared missing. Mrs Robinson, who recently met Sheikha Latifa, daug…
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Dubai Princess Who Tried To Flee UAE “Troubled”: Ex-UN Human Rights Chief
Mary Robinson told BBC radio 4’s Today programme that she had been invited by Princess Haya, the wife of Dubai ruler Sheikh Mohammed bin Rashid Al-Maktoum, to help with his daughter, Sheikha Latifa. L…
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Sharjah govt plans to invest about $517 mln in Invest Bank
DUBAI, Dec 26 (Reuters) – The Government of Sharjah in the United Arab Emirates will invest up to 1.9 billion dirhams ($517.32 million) in struggling Invest Bank, the lender said on Wednesday, disclos…
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Bank mergers only saving grace for UAE bourses and investors
Dubai: UAE traders have been milking alpha from a few banking stocks listed on UAE bourses as they face a wave of consolidation. First it was the merger between First Gulf Bank and National Abu …
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Emirates Institute for Banking and Financial Studies opens registrations for specialised programs for 2018-2019
Dubai, UAE – The Emirates Institute for Banking and Financial Studies (EIBFS) has announced that the registrations are now open for its specialised banking and finance focused training programs and co…
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Dubai Islamic Bank : District cooling firm Empower settles $728m loan and targets zero debt
Emirates Central Cooling Systems Corporation (Empower), a Dubai-based district cooling provider, paid loans totalling $728 million (Dh2.67 billion), enabling it to have zero debt by the end of the yea…
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Mideast Stocks: Global market woes hurt Gulf, merger talk sends Riyad Bank to 4-year high
reaching a four-year high after saying it was in merger talks with National Commercial Bank (NCB). The Dubai index was the sole gainer of the session, inching up on the back of rises in its banking sh…
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Proposed bank merger in Abu Dhabi could lead to 1,000 job cuts – report
… the combination of National Bank of Abu Dhabi and First Gulf Bank last year to create a lender with $175bn of assets. The UAE Banks Federation said in an annual report released in late August …
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UAE property prices fell to more affordable levels in 2018
Expat property purchasers in the UAE had a good 2018 as residential property values dropped to more affordable levels. Real estate in the UAE over the past year was predominately priced in favour of c…
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United Arab Emirates reopens embassy in Syria
The United Arab Emirates reopened its embassy in Damascus on Thursday for the first time in seven years in a move intended to counter Iranian and Turkish influence in Syria. The decision by the UAE, w…
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UAE Ministry of Finance launches Sheikh Zayed e-book initiative at elementary schools
Ministry of Finance had created the e-book to celebrate the vision and the life of a great leader who played a pivotal role in building and developing the UAE. Dubai: The Ministry of Finance recently …
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