Emaar Properties witnessed buying in the last hour of trade, triggering a recovery in the Dubai index. The Abu Dhabi index jumped 1 per cent on buying in banking stocks. The Dubai Financial Market General Index closed 0.32 per cent higher at 3,660.94 …
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Abu Dhabi plastics sector creates $55bn funding
the Emirates official news agency. “Among its multifaceted strategic objectives, Abu Dhabi Economic Vision 2030 lays a special focus on non-oil sectors as part of the economic diversification programme which is premised to ensure a sustainable development …
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Closed emigration agency has been promising refunds since June
Abu Dhabi: The emigration service agency in the capital … during the past few months over its failure to deliver results on time. The clients told Gulf News on Wednesday that they had been visiting the office several times to collect the promised …
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Aramco pits London against New York as Saudis pick venue for IPO
Dubai: Saudi Arabia aims to sell about 5 per cent of Saudi Aramco in an initial public offering next year, and stock exchanges from the UK to Japan are vying for what may be the world’s richest IPO. The Saudi crown prince, Mohammed bin Salman …
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UAE banking customers prefer mobile apps over call centres
UAE banking customers prefer making transactions via mobile banking channels rather than dealing with an adviser by phone, a new survey has revealed. About 61 per cent of UAE consumers said they preferred their bank’s website or mobile app to make a …
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Mashreq Bank Wins 2016 WfMC Global Awards for Excellence in Business Process Management
DUBAI & WESTBOROUGH, Mass.–(BUSINESS WIRE)–Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, today announced that Mashreq Bank, UAE’s leading financial …
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UAE banker sues Dubai hotel for $13.6m over ‘bloodied bandage’ in meal – report
… reportedly suing a hotel in Dubai for Dhs50m ($13.6m) in compensation after finding a ‘bloodied bandage’ in his meal during a business dinner. The discovery was made during a VIP meal with the country’s top banking officials, according to Gulf News.
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Axis Bank Raises $500 Million From Bonds
The bank has issued senior fixed rate bonds aggregating to $500 million under the Medium Term Note (MTN) Programme through its Dubai International Financial Centre (DIFC) branch, Axis Bank said in a regulatory filing. The notes will be listed at the …
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New bond issue: Axis Bank (Dubai branch) issued international bonds for USD 500.0m maturing in 2022 with a 3% coupon.
Issue Managers Bookrunner: Axis Bank, BNP Paribas, Citigroup, Credit Agricole CIB, HSBC, JP Morgan, Bank of America Merrill Lynch, Mitsubishi UFJ Financial Group, Standard Chartered Bank Depository: Euroclear Bank, Clearstream Banking S.A.
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How to recover from a job loss
Publicly available data reveals that 1,500 jobs have been cut in the UAE banking sector since the beginning of 2016 alone, and market uncertainty has led to redundancies in other sectors like oil and gas, construction, tourism and retail.” But just how …
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Enoc gets $500 million credit facility to fund local operations
be able to cater to 60 per cent of Dubai airports’ combined need in 2050. The revolving credit facility, which typically has a higher interest rate than standard loans, will be funded by Emirates NBD, ABN Amro, DBS Bank, Gulf International Bank …
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UAE says measures against Qatar do not violate WTO agreements
“The sanctions imposed by the UAE, Saudi Arabia and Bahrain did not contradict the agreements of the WTO,” UAE state news agency WAM quoted Juma Mohammed al-Kait, an assistant undersecretary in the Economy Ministry, as saying late on Tuesday. In what …
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Henna crowns for cancer patients in UAE
ABU DHABI: When cancer patients undergoing chemotherapy start to lose hair, it can cause a dent in their self-esteem. A Sri Lankan henna artist in Abu Dhabi is helping them regain their confidence by adornng their heads with beautiful henna crowns.
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Consumers in UAE more ready to adopt AI-powered devices
Dubai: The majority of consumers in the UAE prefer to get things done easily with the help of smart devices and technologies that are powered by artificial intelligence (AI), according to a new survey. In fact, there are more people in the country (76 per …
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5 key points of the new UAE tax procedures law
guidelines and regulations for UAE companies according to the statement released by the UAE Ministry of Finance. Tax Agents will also be required to register with the FTA and no one will be permitted to practice the profession if one is not enrolled in the …
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Afkar signs Union Brokerage Company
UAETF offers single security like exposure to one of the world’s premier financial and commercial hubs by investing in three UAE markets: the Dubai Financial Market, the Abu Dhabi Exchange and NASDAQ Dubai. The addition of a new authorised participant …
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Big boost to SMEs
The regulatory framework meant to help SMEs gain easy access to financing by creating an innovation-friendly ecosystem was launched by the Dubai Financial services Authority (DFSA) in line with the United Arab Emirates Government’s National Innovation …
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