(Reuters) – Former world number one Novak Djokovic and Switzerland’s Stan Wawrinka will return from lengthy injury breaks at the Mubadala World Tennis Championship (MWTC) exhibition event in Abu Dhabi in December. After a poor run of form this year …
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Abu Dhabi Real Estate Market Remains Subdued, Says Asteco
Abu Dhabi continues to experience negative growth across all property types due to weakness in the job market and reduced housing allowances, according to the Q3 Abu Dhabi Real Estate report by leading real estate consultancy Asteco. Average apartment …
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Abu Dhabi real estate hit by weak job market
Abu Dhabi continues to experience negative growth across all property types due to weakness in the job market and reduced housing allowances, according to leading real estate consultancy Asteco. The average apartment rental rates dropped by three per cent …
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Death sought for accused in rape-murder case of boy in Abu Dhabi
Abu Dhabi: Prosecutors here asked for the death penalty for what they termed as a “merciless beast” suspected in the rape and murder of a Pakistani boy in June. Public prosecutors presented evidence in court, during which the victim’s father broke into …
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UAE Central Bank warns against Bitcoin
The UAE Central Bank has warned against Bitcoin, terming it as unofficial and lacking sufficient supervision. The warning was made by it can be easily used in money laundering and in funding terror activities, Governor of the UAE Central Bank, on the …
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Dubai Islamic Bank’s GCEO Triumphs Again at LinkedIn MENA Talent Awards
Dr. Adnan Chilwan, GCEO of Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has been awarded with the accolade of the Most Social Executive in the UAE’s Private Sector at the LinkedIn MENA Talent Awards. The awards took place last Wednesday …
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Moderate increase in loan demand, says UAE central bank survey
Demand for business loans increased “moderately” in the most recent quarter, with a similar amount of demand expected for the current quarter, according to a UAE central bank survey. The Q3 Credit Sentiment Survey, a quarterly publication that …
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UAE Central Bank warns against using ‘digital currency’
Dubai: The UAE Central Bank warned on Monday about the use of “digital coin”, saying it did not issue a license to allow the currency in the local market. The statement comes after Bitcoin, one of the cryptocurrency, hit a record high of $6,148 on …
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NCB, Mobily hit Saudi, Emaar still weighs on Dubai
DUBAI, Oct 23 (Reuters) – National Commercial Bank (NCB) and telecom stocks dragged down Saudi Arabia’s main index on Monday while Emaar Properties weighed on Dubai’s stock market for the second day in a row. The Saudi index fell 1.3 percent to 6,886 …
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Dubai Financial Market Signs Deal to Trade Futures on Nasdaq Dubai
The DFMGI tracks a basket of leading DFM-listed companies, providing broad exposure to the UAE economy in vibrant sectors including property, banking, telecoms, insurance and transport. Essa Kazim, Chairman of DFM, said: “The diversification of products …
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Islamic Development Bank (IDB) celebrates listing $1.25 billion Sukuk on Nasdaq Dubai
The listing supports the economic development and social advancement goals of IDB, an AAA-rated multilateral institution, whose activities include providing financing for development projects in line with Shari’ah’a principles to its 57 member countries.
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Emaar weighs on Dubai, Banks drag down Saudi early on
DUBAI, Oct 23 (Reuters) – Emaar Properties weighed on Dubai’s stock market in early trade on Monday for the second day in a row, while Saudi Arabia was dragged down by the banking and insurance sectors. The Dubai index lost 0.7 percent as Emaar fell …
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Dubai property deals cross Dh204 billion in nine months
Overall property transactions in Dubai totalled Dh204 billion in the first nine months of 2017, according to the Dubai Land Department (DLD) data released on Monday. This was done through 52,170 transactions. This compares to Dh259 billion worth of …
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Coloured solar panels and Tesla cars among green initiatives
Students from Dubai Modern Education School, explain their project to visitors at their stall during Wetex. Photo: Ahmed Ramzan/ Gulf News Using crowdfunding, UAE residents will be able to invest in a total of 3,000 kilowatts of solar energy. In addition …
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Somalia thanks UAE for humanitarian assistance
Somali Ambassador to the UAE, told Emirates News Agency (WAM) recently. The UAE said that it would also rush urgent medical supplies and medicines to Somali hospitals to increase their capacities to provide health-care services to the increasing number of …
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UAE weather has dropped to 17°C
Dubai: The mornings are all set to be a breeze as the minimum temperatures have now gone below 20 degrees Celsius. On Tuesday, the National Centre of Meteorology and Seismology (NCMS) recorded the lowest temperature at 17.3 degrees Celsius in Damtha, at 6 …
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Apple Pay launches in UAE
Dubai: Leave your wallet behind when you head to the coffee … to increase a wider user base for digital wallets due to brand names backed by trusted technology,” Yasmeen said. Nearly 2 per cent of the retail sales comes from online retail in the …
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