Dubai: Banks such as First Abu Dhabi Bank (FAB), Union National Bank (UNB), Dubai Islamic Bank (DIB) witnessed non-stop buying, while the Abu Dhabi index hit its highest levels since 2006 on Monday.
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Dubai Mashreq reports 5% jump in Q1 net income as provisions decline
Mashreq Bank, the Dubai lender controlled by the Al Ghurair family, reported a 5 per cent year-on-year rise in its first quarter net profit as allowances for bad loans dropped. Net income for the …
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Middle East’s First Solar Powered Mobile Repair Centre Turns 1
Fixerman is a mobile solar powered device repair service based in Dubai that repairs broken gadgets at the customers’ doorstep Dubai, UAE: A home grown Dubai based startup, Fixerman is Middle East’s …
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The benefits of opening an offshore company in the UAE for your business
Today, the UAE is a rapidly developing state with one of the highest standards of living in the world. Emirates have a rich history in international trade and other business areas and represent one of …
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99% of UAE execs say the speed of innovation has accelerated
Nine in ten UAE respondents say that digital innovations have become part of the core foundations for their organisations, whereas globally 79 per cent agreed that is the case. Accenture conducted a …
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Supporting knowledge transfer in blockchain technology
BUiD was the first University in the UAE and third in the world to issue Digital Degrees, using blockchain technology offering users (e.g. potential employers) immediate, secure and digital …
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UAE adopts new national AI strategy aimed at becoming global leader
“We have launched a national strategy for artificial intelligence to make it an integral part of our business, our lives and our government services,” said Sheikh Mohammed bin Rashid Al Maktoum, Vice …
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Dubai expects 2.1% growth in 2019 on Expo preparation
Dubai, whose economy is focused on tourism and international business services, saw its economy grow by just 1.94 per cent in 2018 amid a downturn in its real estate market. Recently announced …
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Dubai targets 3.8% GDP growth in Expo 2020 year
who are expected to receive close to Dh5.2 billion in new business up to April 2021 when the event ends. “Expo 2020 Dubai represents a strategic investment in the ongoing transition of the …
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Abu Dhabi’s real estate investment law reforms are ‘gaming changing,’ developer says
“With all of that, we’re hoping to see much more job creation in Abu Dhabi, and more demand for real estate across all of the asset classes,” Al Dhiyebi said. Got a confidential news tip? We want to …
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Dubai’s Escape From Economic Funk Hinges on Retail, Tourism
A turnaround for the economy is riding on a better performance for industries other than Dubai’s bellwether real estate sector, with improvements seen this year and next for finance, tourism as well …
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UAE named Vice Chairman of Belt and Road Initiative Tax Administration Organisation
Representatives from FTA and the Ministry of Finance joined the delegation to the conference, during which the UAE delegates sought to introduce attendees to the country’s tax system and strengthen …
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‘Dubai’s real estate sector key source of economic growth’
Real estate sector in Dubai has always been a key source of remarkably contributing to the economy. Property developers and real estate agents are behind the success of the emirate’s booming …
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Property investors can secure best returns and a long-term UAE visa
Property investors can invest in more than 40 communities across the UAE, mainly in Dubai, to secure a long-term visa and better returns on their investment. Majority of foreigners prefer to invest …
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Dubai’s Escape From Its Economic Funk Hinges on Retail, Tourism
Dubai is looking to retail and tourism to break free of its … “Economic momentum has picked up at the beginning of this year with a surge in new business licenses and improved optimism on jobs and …
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Dubai’s best budget lunches 2019
JLT Cluster D (04 565 6088). Opening soon: Burj Vista, Downtown Dubai. Mix cheese fataya at Mama’esh This longstanding budget restaurant has quite the following in Business Bay. And if you’re partial …
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Solar panels installed in 554 citizens’ homes
The Etihad ESCO has successfully installed photovoltaic solar panels, with Dewa’s support, on 554 rooftops of citizens’ homes in Hatta and the retrofitting of 2,092 facilities and buildings in Dubai. …
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