The Central Bank of the UAE lifted its growth forecast for the country’s non-oil GDP to 3.9 per cent in 2018 from 3.6 per cent on the back of improving domestic economic activity and better prospects for the global economy. Economic activity in the UAE has …
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UAE bans fruits, vegetables from Nipah-hit Kerala
Shortly after the ban was announced, Indian Ambassador to the UAE Navdeep Singh Suri told Gulf News that the embassy has taken up the matter with the UAE. “We have taken up the matter with the relevant authorities in the government of UAE who have …
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Dubai responds to baby oil rumour
Dubai: Don’t be slick when it comes to spreading fake news, warned Dubai Municipality on Tuesday. Residents have recently been spreading allegations on social networking sites that a brand of baby oil contained allergens, and warned against using the …
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Uber in talks to get back on the road in Abu Dhabi
Uber is working toward resuming service in Abu Dhabi. Mohamed Darwish Al Qamzi, general manager of the UAE-based Center for Regulation of Transport by Hire Cars, said he’s confident that the ride-hailing company will return to doing business in the United …
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Uber in talks to resume Abu Dhabi services: Abu Dhabi official
DUBAI (Reuters) – Uber Technologies [UBER.UL] is in talks to resume services in Abu Dhabi, the capital of the United Arab Emirates, an Abu Dhabi transport official said on Tuesday. Mohamed Darwish Al Qamzi, General Manager of The Center for Regulation of …
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Dubai cancels corporate fines in fresh effort to boost business
DUBAI (Reuters) – Dubai is exempting companies from administrative fines in a fresh effort to stimulate business, which has been dampened by new taxes and slumping asset markets. A decree by Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum cancels fines …
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Deutsche Bank cuts eight equities research positions in Dubai: sources
DUBAI (Reuters) – Deutsche Bank (DBKGn.DE) has cut eight positions within its equities research team in Dubai as it moves to close the unit as part of a global scaling back of equities business, sources familiar with the matter said. The research analysts …
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Uber in talks to resume services in Abu Dhabi: transport official
ABU DHABI (Reuters) – U.S. ride-hailing company Uber Technologies [UBER.UL] is in talks to resume services in Abu Dhabi after a nearly two-year suspension, a transport official said on Tuesday. Services of Uber and Middle East rival Careem were suspended …
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Free parking in Dubai for special vehicles
The free parking initiative is part of the RTA’s first phase in catering to eco-friendly vehicles, and is part of Dubai’s Green Mobility plan to slash carbon emissions and encourage the use of green vehicles. Gulf News earlier reported that about 220 …
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Dubai responds to baby oil rumours
Dubai: Don’t be slick when it comes to spreading fake news, warned Dubai Municipality on Tuesday. Residents have recently been spreading allegations on social networking sites that a brand of baby oil contained allergens, and warned against using the …
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Great News for the Islamic Banking Industry
“This is a good move by the IMF and in my opinion it will bring lot of stability to the entire banking system” said Saad Maniar, senior partner at Crowe Horwath UAE. According to the UAE Ministry of Economy and the Dubai Islamic Economy Development Centre …
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Dubai Islamic Bank : receives two new ISO certifications
The certifications make DIB the first Islamic bank in the UAE to achieve an international accreditation of this significance. DIBs Human Resources Department – Learning and Development Centre (L&D) was awarded the ISO 29990:2010 certification, while the …
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MIDEAST STOCKS-Dubai Islamic Bank weighs on Dubai index; Qatar keeps rising
DUBAI, May 29 (Reuters) – The Dubai stock market was sluggish on Tuesday, dragged down by building contractor Drake & Scull International and Dubai Islamic Bank, while other Gulf markets were up slightly in the first hour of trading. The Dubai index shed 0 …
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Deutsche Bank Said to Close Dubai Equity Research in Global Cull
Deutsche Bank AG will close its equity research department in Dubai, according to people with knowledge of the matter, as the German lender restructures the business globally. It’s not clear how many analysts will be affected by the move, the people said …
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UAE residents keeping better track of finances, survey shows
UAE residents are keeping better track of their personal finances than they were four years ago, with fewer living outside of their means, according to newly released data from Abu Dhabi Islamic Bank. In its ‘moneysmart index’ – which is based on …
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The Debt Panel: Dubai resident receives over 100 calls in one week from a debt collection agent
I work as a claims officer in Dubai and my monthly salary is Dh5,000. My debts are: outstanding / minimum payment Recently, I’ve been receiving persistent and annoying calls from an agent claiming that she is from Bank 1’s collections department.
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UAE non-oil economic growth slows slightly: central bank
DUBAI (Reuters) – Non-oil economic activity in the United Arab Emirates grew by 3.1 percent from a year earlier in the first quarter, slowing slightly from 3.4 percent in the final quarter of 2017, the central bank estimated on Tuesday. Overall economic …
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