Virgin Mobile UAE, the recently launched digital mobile brand of Emirates Integrated Telecommunications Company (EITC), has announced it will be auctioning 40 premium mobile plans for the first time. Exclusively available via the auction app, Online …
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Qatar sovereign fund backs LSE chairman in activist stand-off-source
DUBAI (Reuters) – Qatar’s sovereign wealth fund has thrown … a source familiar with the matter said on Tuesday. British hedge fund firm TCI Fund Management, a 5 percent shareholder in LSE, is pushing to oust Chairman Donald Brydon over his handling …
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UAE developer says investors can buy homes with digital currency
MAG Lifestyle Development, part of the UAE-based MAG Group, has announced that it will offer customers the opportunity to purchase properties using OneGram, the first Sharia-compliant crypto-currency. The developer said the move will provide property …
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Omniyat secures bank funding for new Dh1.3bn Dubai mixed-use scheme
Omniyat, a private real estate developer in the UAE, has secured Dh500 million of bank financing over five years to build a Dh1.34bn mixed-use scheme in Dubai’s Business Bay. “Construction on site has already begun and we are preparing to announce the …
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Dubai Sets Its Sights On Becoming The World’s First Blockchain-Powered Government
Earlier this month, the UAE’s central bank announced it was undertaking a joint project with the Saudi Arabian Monetary Authority to use blockchain technology to issue a digital currency accepted in cross-border transactions between the two countries.
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Gulf Bank Wins ‘Credit Risk Technology Implementation of the Year in the Middle East and Africa’ from the Asian Banker
… Bank received the award at a ceremony following the ‘MENA Risk and Transaction Banking Dialogue 2017’, held earlier this month, at the Conrad Hotel in Dubai. The Asian Banker is one of Asia’s leading consulting companies in financial services …
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UAE essential to One Belt One Road, says Bank of China GM
Khalifa Industrial Zone Abu Dhabi (KIZAD) has announced the signing of a Memorandum of Understanding (MOU) with Bank of China Ltd. – Abu Dhabi to mutually promote their services for the benefit of both entities’ customers in the UAE and abroad.
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$54,000: the cost of insuring a McLaren supercar in the UAE
Richards said yallacompare’s banking comparison business also thrived this year, serving well over 2 million individuals in the UAE alone, and processing over 61,000 banking applications.
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Emirates NBD Bank : wins ‘Achievement in Market Risk Management’ award
DUBAI, 17th December, 2017 (WAM) — Emirates NBD has won the ‘Achievement in Market Risk Management’ award in the Middle East and Africa, at the Asian Banker Middle East and Africa Transaction Banking and Risk Awards Ceremony 2017. The bank’s Chief …
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Mashreq Bank Recognized For Global Mobile Banking Excellence
Mashreq Bank, the UAE’s leading financial institution was presented withthe Best Consumer Mobile Banking Global award at the Digital Bank Conference and Awards dinner hosted by Global Finance magazine in London, England. The award isin recognition of …
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UAE Property Developer to Accept Payments in Cryptocurrency
UAE property developer MAG Lifestyle Development will start accepting OneGram, a Sharia-compliant cryptocurrency backed by gold, as payment for its properties in 2018. MAG Lifestyle Development, which is part of UAE-based conglomerate Moafaq Al Gaddah …
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Abu Dhabi’s Dalma Mall gets WiFi
Dalma Mall visitors can now enjoy the benefits of WiFi UAE and WiFi UAE Premium. The 255,000sqm mall has opted for the service to which visitors with a UAE mobile number can select the free WiFi UAE service or the paid service, WiFi UAE Premium.
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UAE latest gold rates: Bullion forecast to move higher this week
Dubai: The bullion edged down slightly on the first trading day of the week, although the majority of analysts are betting on gold to move higher over the next few days. As of 10.26am, spot gold was trading as low as $1,252.50 an ounce, down by .02 per …
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UAE crisis authority says hundreds evacuated after heavy rains
The UAE’s National Emergency Crisis and Disaster Management Authority (NCEMA) said late Sunday there had been no casualties reported after heavy rains forced hundreds of people to be moved into temporary accommodation. The authority said a surface …
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Optimism among Dubai firms over Q4 prospects grows
The quarterly survey of Dubai Economy showed the composite Business Confidence Index (BCI) in the third quarter increasing by 10.8 points, reaching 121.4 points. Large companies are more optimistic than the small and medium enterprises with respect to the …
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Dubai Exports Brings Businesses in UAE and Vietnam Closer to Explore New Trade Links and the Gateway Advantage
Dubai Exports, the export promotion agency of Dubai Economy, recently went on a trade mission to Vietnam as part of enabling exporters and manufacturers in the UAE to engage with high-growth markets and attracting further international attention to Dubai …
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UAE residents to pay VAT on electricity, water bills
Residents in the UAE will soon have to watch how much energy they consume as their electricity and water bills will be subject to the value added tax (VAT) being introduced from next year. Starting from January 1, 2018, water and electricity bills in the …
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