Banks and financial institutions have drawn down more than three quarters of the Dh50 billion worth of interest-free loans provided by the Central Bank of the UAE to relieve businesses and individuals …
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Over 4,300 needy families in UAE receive up to Dh5,000 each, thanks to bank’s donation
More than 4,300 families have received financial support from a charity association in Ras Al Khaimah, thanks to the Dh12.8-million donation of Dubai Islamic Bank. Each family received about Dh1,500 …
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COVID-19: Virtual cricket coaching makes its mark in the UAE
When the world had been adapting to a new ethos due to the lockdown for COVID-19 pandemic with terms like video conferencing, webinars becoming the order of the day – some of the leading cricket …
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Game for Anything: the All-New Toyota C-HR Lands in the UAE With Unmissable Distinctive Style
(MENAFN – Dubai PR Network) • Head-turning looks tailored for the lifestyles of today’s trendy, sophisticated, and demanding consumers • Responsive driving dynamics and environmentally-friendly hybrid …
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Torn away from stranded mum, Sharjah girl appeals for help
Child shares letter and drawing depicting emotions as she anxiously awaits family reunion Sharjah: Torn away from her mum for two months, an Indian child in Sharjah has made a desperate appeal for …
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BRIEF-UAE central bank says 77% of 50 bln-dirham facility against coronavirus impact drawn down
UAE CENTRAL BANK SAYS 77% OF 50 BILLION DIRHAM LIQUIDITY FACILITY AGAINST CORONAVIRUS IMPACT HAS BEEN DRAWN DOWN – STATEMENT * CENTRAL BANK URGES BANKS TO DRA …
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COVID-19 response: Top UAE banks availed 100% of their share in TESS liquidity facility
Dubai: The Central Bank of the UAE (CBUAE) said on Saturday that, To incentivise banks and finance companies to draw-down more from the TESS liquidity zero cost funding facility designated to be used …
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UAE- Arab Bank’s Q1 net profit plunges 36%
Arab Bank Group reported net income after tax for the first-quarter of 2020 of $147.6 million as compared to $231.8 million for the prior period, recording a decrease of 36 per cent. Total loans …
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UAE leader Mohammed Bin Zayed rises in the Middle East
With hostility between the United States and Iran threatening chaos across the Middle East, the leader of the United Arab Emirates could soon emerge as a key player in de-escalating tensions. A new …
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REFILE-Dubai developer Nakheel slashes salaries due to coronavirus crisis
Dubai property developer Nakheel has slashed salaries by as much as 50% as it tries to weather the coronavirus crisis, according to an internal email seen by Reuters, and its chief executive resigned …
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Exclsuive: Abu Dhabi in Talks With Dubai for Support Through State Fund Mubadala – Sources
Dubai has developed quickly to become the Middle East’s tourism, trade and business hub, while Abu Dhabi is the UAE’s political capital beca …
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BRIEF-UAE Launches Initiative for Unified Legislative Framework For Islamic Finance- Dubai Media Office
UAE LAUNCHES A NEW INITIATIVE TO CREATE A UNIFIED GLOBAL LEGAL AND LEGISLATIVE FRAMEWORK FOR THE ISLAMIC FINANCE SECTOR * INITIATIVE LAUNCH …
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With Dubai Expo Postponed, Home Buyers to Benefit from Another Year of Price Declines
Now 7% is very much on the optimistic side.” The organization that oversees the world’s fair, the Paris-based Bureau International des Expositions, announced last week that its members passed an …
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Middle East and Africa (MEA) Wi-Fi as a Service (WaaS) Market Growing at a CAGR 26.6% | Key Player Cisco, CommScope, HPE, Huawei, Ubiquiti
Wi-Fi as a Service (WaaS) Market size is projected to grow from USD 336 million in 2020 to USD 1,094 million by 2025, at a Compound Annual Growth Rate (CAGR) of 26.6% during the forecast period. Major …
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Wirecard’s Dubai business partner enters liquidation
Wirecard’s most significant business partner of recent years, a Dubai business central to whistleblower allegations that the German payments group fraudulently inflated sales and profits, has …
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UAE fights coronavirus: ’10 million meals’ drive concludes with over 15 million meals within a month
The UAE’s biggest food distribution drive draws massive donations to support Covid-19-hit communities in Ramadan.
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Wirecard shares plunge as Dubai-based partner shuts shop
Shares in Wirecard fell to more than two-year lows on Friday after a Dubai-based business partner closed its doors even as the German payments company played down the impact on operations. The shares …
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