Doha declined to immediately comment, as did the UAE’s two major airlines. The claim came in a report on the state-run WAM news agency and follows two complaints by Qatar to the United Nations about Emirati military aircraft allegedly violating its …
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VAT launch seen boosting deals for Abu Dhabi property buyers
The introduction of VAT this month is expected to add further incentives to potential property buyers in Abu Dhabi in the form of more generous post-handover payment plans, according to a new report. Consultants JLL said that this is because the VAT …
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New UAE-based cryptocurrency exchange launched
Dubai-based blockchain start-up ArabianChain has launched … surge in valuation of cryptocurrencies like Bitcoin and the rapid evolution of blockchain technology,” said ArabianChain founder and CEO Mohammed Alsehli. “The regional market is ripe …
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Emaar shareholders to get $1bn windfall after unit IPO
“Already a flagship brand and a market leader in Dubai, our successful IPO demonstrates that regional and international investors are excited by our proven business model,” he said. “We are confident that this is just the beginning of a bright future …
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Cryptocurrency-focused hedge fund Alphabit picks AELF as digital currency for 2018
Alphabit, a global hedge fund investing in digital currencies … Alphabit CEO Liam Robertson said at a press conference in Dubai that ELF would deliver large scale commercial adoption of Blockchain technology and solve major transaction issues through …
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Revealed: where UAE investors are buying overseas property
Property remains the preferred investment asset by UAE residents for 2018, according to a new survey. The annual YouGov survey conducted by IP Global has confirmed that 40 percent of UAE residents are planning to invest in property in the UAE and 18 …
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Central Bank issues commemorative coin
The UAE Central Bank today announced the issuing of a commemorative silver coin on the occasion of the official opening of Oumolat Security Printing. The coin, with a face value of AED50, has the following specifications; diameter: 38.61 mm, weight …
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Dividends expected to drive UAE bourses
even as expectations of good fourth quarter results from banks like Dubai Islamic Bank and Emirates NBD this week could trigger more money in the market from traders, who have been on sidelines for months. The Dubai Financial Market general index started …
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UAE’s Masdar inks deal to invest in Montenegro wind farm
Project financing was secured from the European Bank for Reconstruction and Development … newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Abu Dhabi Islamic Bank : ADIB to exhibit opportunities for Emirati graduates at Tawdheef 2018
Abu Dhabi Islamic Bank (ADIB) will exhibit the range of fulfilling career opportunities it offers to UAE nationals at Tawdheef 2018. The Abu Dhabi-based bank, which is a Platinum Sponsor of the recruitment fair for a fifth consecutive year, has …
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VAT and other Dirhams at work: Any fears for UAE economy?
Abdullah Al Saleh, undersecretary of the ministry of economy for foreign trade, citing a forecast by the UAE Central Bank, said UAE’s economy is expected to grow at nearly 4% in 2018 helped by more inflows of foreign direct investment (FDI), as well as …
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UPDATE 2-First Abu Dhabi Bank issues $610 mln Formosa bond
DUBAI, Jan 15 (Reuters) – First Abu Dhabi Bank, the largest bank in the United Arab Emirates, has issued a $610 million Formosa bond, it said on Monday, confirming an earlier Reuters report. Formosa bonds are sold in Taiwan by foreign borrowers and are …
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CBB approves Ithmaar’s Dubai listing
Ithmaar owns two wholly-owned subsidiaries: Ithmaar Bank, a Bahrain-based Islamic retail bank, and IB Capital, an investment subsidiary. Ithmaar Bank and IB Capital are both licenced and regulated by the CBB. Ithmaar Bank owns 66.6 per cent of Faysal Bank …
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UAE says Qatar fighter jets intercept flight; Doha denies it
The UAE’s state-run WAM news agency made the claim on Monday, citing the country’s General Civil Aviation Authority. “The GCAA received a message from one of the UAE’s national carriers on Monday morning that one of its aircraft on a flight to Manama on a …
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Reem Weekend is Coming to Abu Dhabi
Residents and visitors to Abu Dhabi this weekend will be able to enjoy a new waterside weekend attraction at one of the City’s most desirable destinations – Reem Island, courtesy of Aldar Properties, Abu Dhabi’s leading listed property development …
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VAT could hit UAE property market in 2018
There are 17,000 apartments scheduled to enter the market in 2018 through completions at projects including New Dubai Gate in JLT, The Pad in Business Bay, Eagle Heights in Sports City and Serenia Residences on Palm Jumeirah. However, actual completions …
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Emaar says to distribute Dh4bn of dividends from real estate subsidiary IPO
“This was a successful IPO despite [challenging] economic conditions,” Mohamed Alabbar, chairman of the Dubai-based property developer Emaar Properties told a shareholders meeting on Sunday night. Mr Alabbar announced total dividends of Dh3,007,090,330 …
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