Dubai: It is a record profit for the UAE’s biggest bank, FAB, totalling Dh12.5 billion against 2020’s Dh10.6 billion as the country’s leading financial institutions rollback on the COVID-19 …
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Dubai regulator issues massive fine on Abraaj founder
A regulatory body in Dubai is fining the Pakistani-born founder of Abraaj Group a staggering penalty of $135.5 million …
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Safeer Group continues expansion
has announced the opening of Shoes 4 us and Xpressions Style at Wafi Mall in Dubai recently. The group has been on a continuous expansion spree since its humble beginnings in Sharjah in 1985.
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PM Barzani Visits Sheikh Zayed Grand Mosque in Abu Dhabi
Kurdistan Region Prime Minister Masrour Brzani on Wednesday visited Sheikh Zayed Grand Mosque in Abu Dhabi. “As part of our visit to Abu Dhabi, I was delighted to visit the Sheikh Zayed Grand Mosque …
Dubai regulator hits Abraaj Group founder Arif Naqvi with Dh497m fine
Dubai: The Dubai regulator DFSA has imposed a Dh497.86 million fine on the Arif Naqvi, who was the head of the private equity firm Abraaj Capital. The DFSA also imposed penalties of Dh4.22 million on …
Dubai: Real estate boom to continue; 36,000 residential units to come online in 2022
This year, Dubai real estate is expected to sustain an upward trend despite Covid-19 variants causing uncertainty in the market as strategic government initiatives, visa reforms, resilient economy, …
Expo 2020 Dubai: The most breathtaking pavilions to see
One of the many reasons to visit Expo 2020 Dubai is to witness first-hand the eye-popping architecture of the various country and theme pavilions. Bruce Scott takes a closer look at some of the most …
Dubai Home Price Growth May Slow After 6-Year Losing Streak Ends
Price gains in Dubai’s residential property could moderate this year amid continued oversupply, after a surge in demand for larger homes helped end a six-year losing streak in 2021.
Dubai: Abraaj founder Arif Naqvi fined Dh497.8 million by regulator
Arif Masood Naqvi, Waqar Siddique are prohibited and restricted from performing any function in or from the DIFC …
Dubai property of the week: Dh4 million New York-style loft in JBR
The National showcases some of the finest homes on offer in its Property of the Week. Here, we take a closer look at a modern loft-style apartment in Dubai’s Jumeirah Beach Residence. A two-bedroom, …
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Hybrid Offices: The Prospects Of A Permanent Shift In The Workspace
Countries like the UAE, which possess an abundance of workspaces, top-notch infrastructure, and high-speed Wi-Fi, are tailor-made for the hybrid work model.
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UAE weather: Dense fog hits Abu Dhabi with single-digit temperatures predicted for weekend
Police reduced speed limits on several motorways in Abu Dhabi after dense fog engulfed the emirate early on Thursday. The National Centre of Meteorology issued an alert as the murky weather descended …
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First Abu Dhabi Bank full year profit jumps 19% on investment gains
First Abu Dhabi Bank, the UAE’s largest lender by assets, reported a 19 per cent jump in its 2021 profit on the back of higher net fee and commission income and gains on investments as the Arab …
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Watch: Teenage girl rescued in Sharjah after bathroom door got locked accidentally
Sharjah: The emergency unit of Sharjah Civil Defence rescued a 14-year-girl who was stuck in a bathroom after its door got locked accidentally. The Civil Defence Operations Room received a report on …
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UAE’s biggest lender FAB posts record profit, helped by economic rebound
First Abu Dhabi Bank FAB.AD, the biggest lender in the United Arab Emirates, posted a record net profit in 2021, fuelled by the country’s economic recovery last year from the height of the pandemic.
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Skill-Up, Start-Up, Scale-Up : Dubai Works Methodically To Achieve 20 Unicorns Target By 2031
The United Arab Emirates (UAE) over the years has decreased its dependence on oil. Instead, it has been focusing on creating a knowledge-based economy, harnessing technology and innovative – Mediawire …
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Dubai’s pharmaceutical industry to grow from $2.6bn to $6.8bn by 2025
Government-led initiatives in healthcare, digital transformation and sustainability are cementing Dubai’s reputation as a global destination for entrepreneurship and investment, the managing director …
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