The strategic partnership with FinovateMiddleEast was announced by HE Younis Al Khouri, Undersecretary of the Ministry of Finance, UAE at an announcement event held at the Conrad Hotel Dubai on 12 December with senior government officials, heads of …
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Abu Dhabi’s oil company ADNOC’s market debut
Shares of the fuel distribution unit of Abu Dhabi National Oil Co made a strong stock market debut this week, raising $851 million through the sale of a 10 percent stake in its distribution unit. As Nawied Jabarkhyl reports, it’s a listing that’ll be …
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Viral property video ad debunks the stereotypical Dubai dream
“You won’t find any ostentation displays of wealth. So, if you like your bathrooms blinged out with gold taps, you’ll be out of luck,” says a British man dressed in a grey blazer, as he sits in a bathtub fitted with a stainless-steel faucet.
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Keralite youth on visit visa found dead in Sharjah
Sharjah: A Kerala youth, who was in Sharjah on a visit visa, has been found dead near his residence. The youth has been identified as Unnikrishnan, 33, son of Kaladi Ambattuveettil AK Sugathan from Ernakulam. Unnikrishnan came to Sharjah along with his …
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For money launderers, it’s no longer Dubai duty free
The new tax regime in UAE comes at a point when Indian authorities are asking companies to spell out details of foreign direct investors. MUMBAI: From January 1, Dubai will lose some of its charm for money launderers with the United Arab Emirates (UAE …
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Abu Dhabi hospital conducts UAE’s first full heart transplant
said in comments published by state news agency WAM: “What we have accomplished today is a historic accomplishment that adds to the long list of UAE achievements. It is a clear indication of the qualitative shift in Abu Dhabi’s healthcare under our wise …
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Bloom CEO says UAE property market region’s top performer in 2017
RELATED ARTICLES: Cityscape sales account for 60% of Bloom’s annual transactions | Bloom exhibits UAE portfolio at Cityscape Global 2017 | Bloom Properties awards $242m worth of contracts in 2017 The UAE’s real estate market outperformed those of other …
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UAE and Saudi Arabia work on cross-border digital currency plan
On Wednesday, however, Mr Al Mansouri said the central banks wanted to understand blockchain technology better. He said the UAE-Saudi digital currency would be used among banks, not by individual consumers, and would make transactions more efficient.
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For Afridi, returning to Sharjah is like ‘homecoming’
Speaking at length to Gulf News on his batting style and career, Afridi said: “It’s always been great to play cricket in Sharjah. I have been able to play some good knocks here and the people here have always supported me. This time, I am inviting …
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UAE and Saudi talk cryptocurrency banking as Bitcoin eyes $20,000
It is reported that the UAE and Saudi Central Banks are preparing to test a crypto initiative that will create a new digital currency for use in cross-border payments. The Arab Monetary Fund (AMF) and Financial Stability Institute jointly organized on …
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UAE expat remittances hit $33bn in nine months
Expats remittances from the UAE amounted to $33 billion (AED121.1bn) during the first nine months of the year, according to a report by the UAE Central Bank. The figure represented a 2 percent growth on the corresponding period in 2016, up AED118.6 billion …
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WiFi UAE Continues to Extend Complimentary WiFi Service to More People in the UAE
Times Square Center and Dubai Marina Walk in Dubai, Al Hamra Mall in Ras Al Khaimah and Fujairah Hospital. The service offers users two types of Internet connection; WiFi UAE, a free WiFi service, and WiFi UAE Premium, an affordable paid service that …
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UAE, Saudi, Bahrain raise interest rates by 0.25%
The UAE Central Bank announced that effective from today (Dec 14), it will raise interest rates applied to the issuance of its Certificates of Deposits in line with the increase in interest rates on US Dollar, following the Federal Reserve Board’s …
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T10 Cricket League to be started in Sharjah today
The matches will be played by white ball instead of pink. SHARJAH (Dunya News) – After the great success of Twenty20 format, now T10 Cricket League is all set to be started at Sharjah Stadium from today (Thursday). The four-day tournament that will …
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That $450-million Da Vinci? You can see it at Louvre Abu Dhabi
The painting depicts “Christ as Savior of the World, facing the viewer, and dressed in flowing robes of lapis and crimson,” the Abu Dhabi Department of Culture and Tourism said in a recent news release. He holds a “crystal orb” in one hand and …
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UAE, UK keen to explore Islamic finance synergies
The Dubai International Financial Centre (DIFC) and the Dubai Islamic Economy Development Centre (DIEDC) received a delegation on Wednesday from the United Kingdom, led by Alderman Charles Bowman, the new Lord Mayor of the City of London, as part of a …
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Dubai Islamic Bank Wins Four Prestigious Accolades at Islamic Business and Finance Awards 2017
Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, picked up four major awards at the Islamic Business and Finance Awards 2017, a prestigious industry event that endorses and recognizes those institutions and individuals that have championed …
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