Emirates NBD, Dubai’s largest bank, is set to raise $750 million with perpetual bonds non-callable for six years, a document showed.
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Dubai’s Emirates NBD bank to raise $750 mln in perpetual bonds: Reuters
Dubai’s largest bank, Emirates NBD, is set to raise $750 million with perpetual bonds non-callable for six years, a document seen by Reuters showed. The bank is offering investors a 6.125 percent …
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China’s Terminus is sending its robots to Expo 2020 Dubai
China’s Terminus Technologies, which is into robotics, has been named an Expo 2020 Dubai “Premier Partner”. It has signed a long-term lease at District 2020 as part of the cluster that will evolve …
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Curtin University Dubai launches new courses in business and engineering
BBA and BE in electrical and electronic engineering to develop career-ready graduates Curtin University Dubai, ranked in the top 1 per cent of universities worldwide (ARWU 2019), has introduced two …
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Shurooq is out to revitalise Sharjah’s old destinations
Developed under the “Sharjah Collection” brand, and operated by Mysk by Shaza, Shurooq has transformed the site into a boutique luxury destination, which includes Al Faya Retreat, The Kingfisher …
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Dubai Sugar Refinery Runs at Full Speed on Good Demand
Sugar market concerns over weaker demand and falling premiums aren’t deterring Dubai giant Al Khaleej Sugar Co. from producing as much as much as it can.
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Dubai: GDP Drops 3.5 Percent In Q1 2020
Dubai’s real gross domestic product at constant prices showed a 3.5% decline in the first quarter of 2020. Compared to this, the emirate’s GDP had registered a dynamic growth rate of 2.2% in 2019, …
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MIDEAST STOCKS-Most major Gulf markets gains; Aramex drags Dubai lower
Most major Gulf stock markets opened higher on Thursday, with Saudi Arabia leading the gains on back of its financials, while Dubai bucked the trend. July 2 (Reuters) – Most major Gulf stock markets …
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Now is not the time for UAE businesses to hike their costs
It looked strange as a hike in any area of spending these days looks unrealistic. Real estate is the lifeline of our beautiful country. We should regulate each and every aspect connected with it so …
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Sofitel Dubai Wafi to open in September
Sofitel Dubai Wafi will open its doors in September this year. Located in Dubai’s Oud Metha, the five-star property was initially slated to open in early 2019. Once open, there will be 498 rooms and …
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UAE’s housing market continues to struggle
Dubai’s property market has been one of the world’s most volatile. Dubai saw one of the world’s worst housing crashes from Q3 2008 to Q3 2011 with house prices plunging by 53%. The housing market …
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Chinese firm Terminus to deploy programmable robots at Expo 2020 Dubai
As part of the deal, Terminus Technologies will set up its first headquarters outside of China at District 2020 …
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DSOA inks deal with Dubai Municipality arm to create geospatial data
Agreement follows a previous MoU signed between DSOA and Dubai Municipality in November 2019 aimed at enhancing cooperation between both entities …
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Coronavirus news bulletin: 402 new cases reported; Covid-19 test must for travelling out of UAE; Emirates resumes services to Pakistan
UAE reports 402 new Covid-19 cases, 594 recoveries The UAE Ministry of Health and Prevention on Wednesday reported 402 new cases of the Covid-19 coronavirus, along with 594 new recoveries. This brings …
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DMCC to Attract New Wave of Innovation to Dubai Through Agreement with China’s Innoway
DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – and Innoway – a Chinese platform established by the Beijing and Haidian Government that …
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You need to leave the UAE but have outstanding debt: what’s the solution?
The COVID-19 crisis has left many foreign workers and small business owners in the UAE reeling from the financial fallout of the pandemic …
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UAE- DMCC bolsters China ties as 805 new firms join
DMCC, a leading trade and enterprise free zone for commodities, said on Wednesday that805 new companies joined its business district in the first half of 2020, reinforcing the hub’s growing global …
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