The T-bonds will be issued with varying tenors of 2-, 3-, and 5-year tenors in the initial phase and a 10-year tenor in the medium term …
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Emirates NBD ‘Future Banking’ at Expo 2020 Dubai affirms the Group’s position as a regional leader in global banking innovation
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has affirmed the Group’s position as a regional leader in global banking innovation by demonstrating …
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2022 Patrol Super Safari lands in Abu Dhabi market
Abu Dhabi – Al Masaood Automobiles, the automotive arm of Al Masaood Group and the exclusive distributor for the Nissan vehicles in Abu Dhabi, Al Ain, and the Western Region, announced that the 2022 …
HDFC to sell10% stake in HDFC Capital Advisors to Abu Dhabi Investment Authority; stock up ~2%
HDFC Limited has entered into binding agreements for the sale of 2,35,019 equity shares of Rs10 each of HDFC Capital Advisors Limited (HCAL), its wholly-owned subsidiary, representing 10% of the fully …
UAE Press: New visa rules are a game changer
ABU DHABI, 20th April, 2022 (WAM) — Under a major overhaul of visa regulations announced Monday, the UAE is to allow visitors and holidaymake …
UAE non-oil sectors post marginal growth
The contribution of non-oil sectors to the UAE’s GDP rose to 72.3 per cent in 2021 The total contribution of non-oil sectors to the UAE’s economy grew by 1 per cent between 2020 and 2021, amounting to …
UAE summons Swedish envoy to protest Quran burning
The United Arab Emirates (UAE) on Tuesday summoned Swedish Ambassador Liselott Andersson to protest the burning of the Muslim holy book Quran in Sweden. A statement by the UAE Foreign Ministry said …
Dubai and Abu Dhabi property markets to receive ‘influx of buyers’ from new UAE visa rules
The expected overhaul of the UAE visa residency system will “hugely benefit” the country’s real estate market and bring a “significant influx in buyers”, brokers said. The changes, set to come into …
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New UAE visa rules will spur influx of skilled AI professionals and boost in-country competition, experts tell AB
Beyond providing stability for individuals and families, the visa changes may also help foster intra company competition that would make the tech sphere more competitive New UAE visa rules will spur …
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DEWA launches new smart tool to assess electricity and water consumption in Dubai homes
After completing the assessment, customers receive a detailed report on their consumption, in addition to customised tips to reduce waste and consumption …
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Abu Dhabi’s Al Seer Marine raises Dh495m for two very large gas carriers
Both vessels will be built by Hyundai Industries and delivered by mid-2023 Dubai: Abu Dhabi’s Al Seer Marine has finalized a Dh495 million financing for the building of two VLGCs (Very Large Gas …
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Sharjah: Over 17,000 business licences issued and renewed in Q1 2022
The Sharjah Economic Development Department (SEDD) has said that the total number of licences issued and renewed in Q1 2022 reached 17,059. It marks a growth rate of 7 per cent over, or 1,139 licences …
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Defeat to Al Rayyan leaves Sharjah’s Asian Champions League hopes on the brink
Sharjah’s hopes of reaching the AFC Asian Champions League knockout round were dealt a huge blow Tuesday as the UAE club lost 3-1 to Al Rayyan of Qatar 3-1 at the King Fahd International Stadium. The …
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European investors cause surge in demand in Dubai’s secondary property market: report
Properties in Dubai’s mid-to-luxury segment are seeing demand outstrip supply, super-premium properties are being bought quickly, and even the secondary market witnessed a threefold increase in in …
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Citi, HSBC set to share up to $97m in fees from DEWA IPO
Banks including Citigroup, HSBC and Emirates NBD are set to share as much as Dhs357m ($97m) in fees for working on the landmark initial public offering of Dubai’s main utility. Dubai Electricity & …
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UAE Central Bank reveals 1.5 percent rise in total bank deposits in December 2021
Overall deposits from UAE resident rose due to an 8.4 percent increase in public sector deposits, a 2.4 percent increase in private sector deposits, and a 5.2 percent rise in non-banking financial …
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UAE gross bank assets increase 0.8% to Dhs3,321.5bn at end of December 2021
Total bank deposits increased by 1.5 per cent, rising from Dhs1,966.8bn at the end of November 2021 to Dhs1,996.5bn at the end of December 2021.
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