Abu Dhabi: There are over 250 islands in the capital, but with that, there is still more room for another canal. Property developer Aldar has announced that it is preparing to open Shams canal on Reem Island – a 2.4 kilometre canal that is expected to …
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UAE banks fully prepared for stricter capital regime
Dubai: The UAE banks’ minimum common equity tier 1 capital (CET 1) ratio could increase to 12 per cent and capital adequacy ratio to 15.5 per cent by 2019, according to the new central bank regulations. But with the already strong capitalisation levels …
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Pakistan, India dialogue on ‘technology for better governance’ held at Dubai
The eleventh round of Pakistan-India Legislators and Public Officials Dialogue was facilitated by the PILDAT in Dubai, UAE, on March 07, 2017. The dialogue focused on the theme of sharing of lessons on the role of technology for better governance in …
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Dubai's real estate market is mature and…
Damac properties has almost been a bellwether in the Dubai property market. Even during the market’s lean phase, Damac was consistent with its product launches, much to the surprise of market stakeholders. That strategy continues even today. “We are …
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UAE and Netherlands sign MoU on innovation
HE Al Mansoori added that the UAE is looking forward to benefitting from the Netherlands’ wide experience in innovative science and modern technology. This will help the UAE create a knowledge- and technology-driven sectors, including renewable energy …
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Sky News Arabia has ‘highest viewership rating of UAE news channels’
ABU DHABI: Sky News Arabia says it has achieved the highest UAE viewership rating of all news stations broadcast from the country, citing research data. The 24-hour news channel, a joint venture between Abu Dhabi Media Investment Corporation (ADMIC …
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Dubai's real estate market is mature and streamlined
Damac properties has almost been a bellwether in the Dubai property market. Even during the market’s lean phase, Damac was consistent with its product launches, much to the surprise of market stakeholders. That strategy continues even today. “We are …
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UAE prepares to celebrate International Women’s Day
The UAE also ranks first among 132 countries in the ‘women treated with respect’ indicator in the Social Progress Index 2015 report. Gulf News talked to five women in the UAE about the progress in women’s empowerment in the UAE and GCC region on the …
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Hyperloop One to hire 'dozens and dozens' in the UAE
The provisional studies focused on the suggested routes in Dubai, whilst also assessing the economic, financial and environmental impact of the technology.
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Dubai Developer 'Proud' to Do Business With Trump Organization
Damac Properties Dubai Co., which opened a Trump-branded golf course in Dubai last month, said it’s “proud” to be doing business with the Trump Organization. “We’re very proud of that partnership. It adds value to us,” Chief Financial Officer Adil Mohammed …
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British child rapist arrested in UAE
Dubai: The British government has thanked the UAE for their support and effort after a serial rapist from the UK was arrested in the emirates and extradited to Britain and jailed. The British Ambassador in a statement on Tuesday thanked the UAE for their …
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Canaccord Genuity looks to expand business in Middle East, India
It recently helped broker a $5-billion investment partnership between Dubai ports operator DP World and Caisse … with large European and North American private equity funds, pension funds and hedge funds about potential investments in Saudi, United …
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Banking sector resilient to headwinds: UBF
Dubai: The UAE banking sector remained resilient in 2016 in the face of strong headwinds, according to the Board of Directors of the UAE Banks Federation (UBF), a professional representative body comprising 49 member banks operating in the UAE. The UBF …
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Police: 43 suspects collected Dh1.3b in car sale fraud
Abu Dhabi: Abu Dhabi Police have arrested a 43-member gang that … The officials reassured that there would be no legal action against complainants. Al Sharifi told Gulf News that investors joined this scheme due to ignorance and greed.
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Abu Dhabi's Mubadala sells part stake in AMD for $613 mln
ABU DHABI, March 5 Abu Dhabi investment fund Mubadala Development Co sold nearly a third of its stake in Advanced Micro Devices, booking a tiny gain on its investments in the micro chip maker. Mubadala sold 45 million shares in AMD for around $613 million …
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Dubai lender Emirates NBD to IPO Islamic REIT fund
DUBAI, March 5 Emirates NBD (ENBD), Dubai’s largest lender, plans to offer shares in its Islamic real estate investment trust and list them on the Nasdaq Dubai exchange. ENBD REIT said on Sunday it expects to raise about $100 million to $125 million from …
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Souqalmal.com: Majority of UAE Respondents Want Better Banking Standards
Souqalmal.com, the UAE’s #1 personal finance and insurance comparison website, surveyed close to 1,500 bank customers in the UAE for the 2017 edition of its annual Bank Satisfaction Index. (Photo: http://mma.prnewswire.com/media/474842/2017 …
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