UAE – Total foreign assets of the Central Bank of the UAE (CBUAE) rose by 11.1% year-on-year or AED 37 billion in at the end of July, a survey conducted by Mubasher showed. The bank’s foreign assets …
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DEWA opens up investment prospects at WETEX, Dubai Solar Show
Dubai Electricity and Water Authority (DEWA) will host the 21 st Water, Energy, Technology, and Environment Exhibition (WETEX) and the 4 th Dubai Solar Show under the umbrella of the Greenweek, from …
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UAE-India business ties get a boost
This visit of the Indian Prime Minister to accept the Order of Zayed (the UAE’s highest civilian Award) is significant, both for having been conferred uniquely during Shaikh Zayed’s Centenary …
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Hindu temple in Abu Dhabi to celebrate Janmashtami
Dubai: The first-ever Hindu temple coming up in Abu Dhabi will mark the festival of Janmashtami on Friday, and devotees are hoping Indian Prime Minister Narendra Modi, who is paying a state visit to …
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Noor Bank collaborates with Unionpay international to launch EMVCo QR-based mobile payment solution
Dubai-UAE: Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has partnered with UnionPay International, the world’s largest payment scheme, to inaugurate the bank’s first and only …
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National Bank of Bahrain still weighing up Bahrain Islamic offer
Union National Bank and Al Hilal Bank in the UAE. Dubai Islamic Bank, the biggest Sharia-compliant lender in the country, is in the process of taking over its smaller rival Noor Bank, while National …
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Thushar Vellapally arrested in UAE
A bank cheque was given to Nazil to settle this. The case relates to this cheque which had not mentioned a date. Though Keralite lawyers in UAE and social activists in the country intervened for …
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Invest Bank resumes trading on ADX
Omran Abdullah Omran Taryam, Vice Chairman of the Bank welcomed the Government of Sharjah as a strategic shareholder, saying, “As a proven and dynamic investor in the UAE banking sector, the …
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Beijing’s Belt and Road plans could boost the Islamic banking sector
“The Belt and Road is about supporting infrastructure development and economic growth,” said Adnan Chilwan, chief executive of Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, …
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UAE’s AI Minister to inaugurate Artelligence Forum in Dubai
head of Applied Sciences Business Integration – Lloyds Banking Group (UK); along with expected participation from the Prime Minister’s Office, Telecommunications Regulatory Authority, Ministry of …
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Dubai-listed BLME buys $32.6m Edinburgh office building
Abu Dhabi Islamic Bank in the UK (ADIB UK) has provided financing for the Bank of London and the Middle East (BLME), to buy a AED120 million ($32.6m) Grade A office building in Scotland. The Foster …
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Luxury Dubai property prices edge upwards in Q2
Luxury property prices in Dubai registered their first rise for years during the second quarter of 2019, according to new research by Knight Frank. Prime residential values rose by 0.3 percent in the …
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Reportage Properties To Deliver 5 Projects In Next 3 Years
Reportage Properties, Abu Dhabi-based leading real estate developer, revealed that it is ready to hand over five new developments in Abu Dhabi within two to three years. “The five projects offer more …
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Seniors to have new walking buies in Abu Dhabi – News
(MENAFN – Khaleej Times) Senior citizens have been found to be among the ‘loneliest, most depressed’ people in Abu Dhabi. So, on World Senior Citizen’s Day, a government authority launched an …
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UAE businesses need to crack payment muddle
I have written earlier about the painful right sizing and reinvention of the UAE economy that is now underway — a shakeout of businesses, changing business models, paring of costs and so on.
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Vistara launches daily service to Dubai
“We are very excited to start our service to Dubai, a city that is home to millions of Indians, place of business for many Indian corporations and is also the most-preferred holiday destination for so …
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Narendra Modi’s economic agenda in upcoming France, UAE, Bahrain’s visit
He will also receive the ‘Order of Zayed’, the highest civilian decoration conferred by the UAE government, during this visit. Budget 2019: Central govt to contribute 14% to NPS, employees to get 80C …
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