The consolidation of the UAE’s finance sector is helping to drive economic expansion in the country and beyond, with companies like Union National Bank employing innovative growth strategies for the g…
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Property Prices Tumble in Dubai
DUBAI—When the world’s tallest building opened here in 2010, a one-bedroom apartment with a view of the Persian Gulf sold for about $800,000. Four years later that apartment would fetch $1 million. To…
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UAE: An active start-up hub
Startup and operational costs for a tech business in UAE is very high compared to elsewhere in the world, according to a new entrepreneurial survey. The “Tech Entrepreneurship Ecosystem in the UAE Stu…
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Societe Generale is upbeat about the Middle East’s renewable energy finance market
“The UAE is leading the way, Saudi is progressing … The bank plans to expand its reach within the Middle East region as it looks for more opportunities to finance deals in markets such as Oman. It i…
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UAE banking outlook: Big four may struggle to match double-digit gains made in 2018
The four biggest banks in the United Arab Emirates – First Abu Dhabi, Emirates NBD, Abu Dhabi Commercial Bank and Dubai Islamic Bank – will struggle to repeat 2018’s double-digit profit increases as l…
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Samsung vice chairman meets UAE crown price
Lee Jae-yong, vice chairman of Samsung Electronics, has met with United Arab Emirates Crown Prince Sheikh Mohammed bin Zayed Al Nahyan to discuss ways to cooperate in the technology sector, official r…
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OPPO shakes Smartphone market with new Dubai hub
The opening is part of OPPO’s global growth strategy and recognizes Dubai’s unique position as a regional nexus for business and technology innovation. The new hub will be OPPO’s base for Middle East’ …
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Sheikh Hamdan: Our goal is make Dubai ’10 years ahead of world cities’
Dubai is seeking to address this issue by introducing the Hyperloop as well as the RTA’s proposed air taxi initiative, he said. “The future is not just about technology, it is about the human …
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Oracle’s Flagship Conference arrives in Dubai Technology showcase will usher in the autonomous future
Heralded as the industry’s most important business and technology show, Oracle OpenWorld has for the first time taken place in Dubai on 11 and 12 Feb 2019 Dubai, United Arab Emirates: Heralded as the …
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Property Prices Tumble in Dubai, a Mecca for the Superwealthy
DUBAI—When the world’s tallest building opened here in 2010, a one-bedroom apartment with a view of the Persian Gulf sold for about $800,000. Four years later that apartment would fetch $1 million. To…
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WGS 2019: Urban Areas Can Become World’s Food Basket, Dubai’s Crown Prince Sheikh Hamdan Says
DUBAI, United Arab Emirates — Urban areas can become the world’s food basket. So said the Crown Prince of Dubai, His Highness Sheikh Hamdan bin Mohammed Al Maktoum, in a holographic address at …
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Richard Branson gifts UAE flag taken into space
During the meeting, Branson presented the UAE flag to Sheikh Mohamed, state news agency WAM reported on Tuesday. Branson said the gift is a tribute to the role played by the United Arab Emirates and i…
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World Bank to set up UAE office at Abu Dhabi Global Market
The World Bank will set up its UAE office at Abu Dhabi Global Market, the capital’s financial hub, following the signing of an agreement at the World Government Summit in Dubai. The new bureau will se…
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No VAT charges on bank interest or dividends
Passively earned interest from bank deposits or dividend income cannot have VAT applied, the UAE Federal Tax Authority said on Tuesday. The government body said the income was “outside the scope of VA…
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World Bank to establish UAE office in Abu Dhabi Global Market
Dubai: The World Bank will be establishing its office in the Abu Dhabi Global Market (ADGM), the International Financial Centre on Al Maryah Island, it has been announced. An agreement to set up …
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Citigroup sees Saudi, UAE as top Mideast markets for deals this year: executive
ABU DHABI (Reuters) – Citigroup expects the majority of investment banking opportunities in the Middle East to come from Saudi Arabia and the United Arab Emirates this year, said Miguel Azevedo, Citig…
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World Bank says to set up office in Abu Dhabi’s ADGM
The World Bank has announced it will be establishing its regional office in Abu Dhabi Global Market (ADGM), Abu Dhabi’s financial hub. Serving as the World Bank’s platform in the UAE, the new bureau w…
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