Dubai gold trader Regal RA DMCC is the first company in the Middle East to get a license to trade cryptocurrencies, the Dubai Multi Commodities Centre said. The company will offer storage of Bitcoin, Ethereum and other cryptocurrencies in a vault located …
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Dubai businesses to get a mobile-friendly website courtesy of Google
The platform also allows businesses to receive free advertising and receive insights on reviews, views, clicks, calls and those searching for directions to the business’ location. New and existing members of the Dubai Chamber can list their businesses by …
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UAE banks seen turning the corner in 2018 as loan demand strengthens
Emirates NBD, Dubai’s biggest lender, said its fourth quarter profit rose 17 per cent, in part aided by higher interest rates. Profits at Abu Dhabi Islamic Bank, the Emirate’s biggest Sharia-compliant lender, rose 33.4 per cent in the fourth quarter of …
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Dubai realty gets Chinese boost
UAE real estate, particularly that of Dubai, is steadily gaining interest among savvy Chinese investors. This extends to the brick-and-mortar assets, contracting industry as well as construction finance. The Chinese were the fourth most active real estate …
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Dewa, Siemens to launch solar-driven electrolysis facility
said it has signed an agreement with Dubai Electricity and Water Authority (Dewa) and global technology giant Siemens to launch a pilot project for the region’s first solar-driven hydrogen electrolysis facility. The announcement came during the 6th …
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Abu Dhabi Markets Watchdog Mulls Crypto Exchange Regulations
The news comes just a week after the United Arab Emirates’ securities regulator issued a warning to residents on the risk of investing in token-based fundraising activities. Abu Dhabi image via Shutterstock
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UAE- Good time ahead for IPOs
(MENAFN – Khaleej Times) IPO activity in UAE has remained subdued for the last few years given the unfavourable market conditions as the region witnessed declining oil prices and economic uncertainty. Most of the prospective companies decided to either …
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UAE Ministry of Finance Holds a Series of Sessions and Meetings With the Managing Director of IMF
The Ministry of Finance (MoF) held a series of sessions and meetings in the presence of HE Christine Lagarde, Managing Director of the International Monetary Fund (IMF), who is visiting the UAE to participate in the Arab Fiscal Forum and World Government …
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Commercial property downturn in UAE extends into ninth quarter
LONDON: Demand for commercial space in the UAE fell for the ninth consecutive quarter in the last three months of 2017, with a marginal decline seen in office rentals, but a steeper deterioration affecting industrial and retail space. Even as demand falls …
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Dubai market rebound unlikely but weak dollar offers hope
Foreign buyers accounted for 20 percent of Dubai real estate transactions in the 18 months to June 2017, data from the Dubai Land Department showed. Your browser does not support the video tag.
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Dubai Bitcoin apartments now sold out
The $300 million real estate development Aston Plaza has launched in Dubai was touted as the world’s first ever scheme available for purchase using cryptocurrency Bitcoin. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and …
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Dubai Municipality approved 71% more land for construction in 2017
Dubai Municipality last year approved 10 million square metres of land for construction projects across a range of categories including residential, offices, tourist and open areas – a 71 percent increase on 2016. Dawoud Al Hajiri, assistant director …
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Dubai Investments Announces $20 Million Investment in Africa Crest Education
… largest listed diversified investment company listed on the Dubai Financial Market with a market cap of c. US$ 3 billion. Their investment in ACE confirms that strong and robust business execution strategies in the education sector, based on the …
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EM, catastrophe bonds, hedge funds seen as options to invest
Dubai: There is money to be made in bonds … Another instrument which can provide value to clients are the hedge funds, and UBP expects hedge funds to come back in 2018 with full vigour. Hedge fund had been out of favour among investors due to subdued …
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Bank ABC Announces 2017 Results Net Profit of $193 Million, up to 6 Percent
Bank ABC’s Group Chairman, Mr. Saddek Omar El Kaber, commented that “We are pleased to see the continuing progress of the Group with improved growth in profitability of 6% year on year. This year also saw the expansion of our network footprint to Dubai …
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UAE- DFSA signs MoU with Central Bank of Oman
DUBAI, 11th February, 2018 (WAM) — The Dubai Financial Services Authority, DFSA, and the Central Bank of Oman signed a Memorandum of Understanding, MoU, to cooperate in the supervision and authorisation of firms operating in both markets. The MoU was …
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Princess Haya announces humanitarian logistics data bank
The data bank will overcome one of the major hurdles that various international aid organisations face when a humanitarian crisis or disaster begins to unfold. Namely, that it can take up to 24 hours for emergency response hubs such as those in Dubai and …
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