Emirates NBD, Dubai’s biggest bank, shed 5.6 percent in thin trade. Dubai Financial Market, operator of the exchange, lost 4.2 percent and DAMAC Properties was down 1.4 percent. But Union Properties j…
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1,000 jobs said to be at risk in proposed Abu Dhabi banking merger
In the UAE, where residency is tightly linked to employment … Job losses from last year’s merger between National Bank of Abu Dhabi and First Gulf Bank, which created First Abu Dhabi Bank, were neve…
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Use Instagram trends to engage real estate buyers, Dubai expert says
UAE real estate companies have been advised by a Dubai property expert to use Instagram and other social media tools to attract buyers. Residents in the UAE want homes that are “Instagram-friendly”, h…
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Darico Announces Partnership With RDK Property Developer Aiming to Examine few Proof of Concepts in the Real Estate Industry
buy and invest in Dubai ‘ s luxury Real Estate, by paying in Crypto currency Disruptive Blockchain-startup company, Darico, has announced details of its three Proof of Concepts (POCs) for the Dubai Re…
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Dubai tops in real estate market transparency rankings
The Dubai Land Department (DLD) recently organised the “Dubai Real Estate Sector Profile” forum to announce the results of the real estate performance over the past years, and the role of data in enha…
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Construction, real estate boost Dubai GDP in 2017
Construction growth and real estate sales contributed to an upswing in Dubai’s gross domestic product (GDP) last year, according to a government report. The emirate’s construction sector grew by 3.5%, …
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Dubai authorities are launching a competitor to Uber
Uber and Careem can be a life saver in the UAE when you’re rushing between meetings or a night out with the girls, and now it seems there will be another (dare we say cheaper) option available. ALSO R…
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Dubai Creek Tower – the world’s next tallest tower
Dubai is set to be home to the world’s next tallest tower – so say hello to Dubai Creek Tower. Set to take the record of the world’s tallest building, Dubai Creek Tower will be the centrepiece of a br…
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Who Drives Electric Cars in Dubai? The Government and the Rich
(Bloomberg) — Dubai has ambitious goals for electric cars. Early adopters get free parking, no tolls and discounts on registration fees. Even the power is gratis at the 200 charging stations the …
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UAE banks’ digital drive causes upheaval in jobs market
Profits for the first nine months of the year are up by 5 percent to 1.75 billion UAE dirhams. In a press release accompanying the firm’s results, the bank’s chairman, Abdulaziz Al Ghuruair, said: “As …
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Dubai RTA, Careem launch e-hail taxi JV
Many global e-hail companies were immensely interested in teaming with the RTA as Dubai offers excellent business prospects and has a global reputation as an attractive business haven,” he noted. “Fiv…
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Revealed: Most-viewed jobs in the UAE
Four of the ten most-viewed UAE jobs in 2018 were technology-related, a LinkedIn list has revealed. The world’s largest professional network suggested that these findings underscore the UAE’s …
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UAE, GCC equities plunge; bearish trend to persist
The UAE and other Gulf equity markets plunged on Sunday following Wall Street’s poor performance on Friday due to concerns about a US government shutdown and global economic slowdown concerns. This be…
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Gross UAE bank assets surge 6% to Dh2.85 trillion
The gross assets of UAE banks surged six per cent to Dh2.854 trillion by the end of November 2018 from Dh2.694 trillion a year ago, the Central Bank of the UAE said. The banking sector’s gross credit …
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Job hunters in UAE flock to tech giants
Job hunters across the UAE gravitated towards online job listings in technology companies more than any other company in 2018, new research by LinkedIn has shown. Four of the most-viewed jobs of 2018, …
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UAE best place for religious tourism: Sikh leader
Be it mosques, churches, or Sikh or Hindu temples, “all these places of worship showcase the beauty of peace and tolerance in the UAE,” Surender Singh Kandhari, who has been living in the country sinc…
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UAE turns into a migrant hotspot
Also watch: How was the UAE founded? (Provided by Euronews) Download the Microsoft News app for your Android or iPhone device and get news & live updates on the go. Every year, thousands of migrants c…
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