The Dubai International Financial Centre (DIFC) and the Dubai Islamic Economy Development Centre (DIEDC) received a delegation on Wednesday from the United Kingdom, led by Alderman Charles Bowman, the new Lord Mayor of the City of London, as part of a …
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Dubai Islamic Bank Wins Four Prestigious Accolades at Islamic Business and Finance Awards 2017
Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, picked up four major awards at the Islamic Business and Finance Awards 2017, a prestigious industry event that endorses and recognizes those institutions and individuals that have championed …
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Dubai billionaire joins Spielberg in backing VR start-up
Dreamscape Immersive, which is developing virtual-reality arcades for shopping malls, said Wednesday the Series B financing included AMC Entertainment Holdings, Viacom’s Nickelodeon, Dubai billionaire Majid Al Futtaim, VRSense Solutions and Image Nation …
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Conference on Sustainable Building Materials to discuss construction using 3D technology
of Dubai Municipality from 13th to 14th December 2017, will discuss sustainable applications and construction using 3D technology. Khaled Sharif Al Awadhi, Assistant Director General for Environment, Health and Safety Control Sector, said that the …
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Call for UAE students to enter the Global Student Entrepreneur Awards
Global Student Entrepreneur Awards (GSEA) is a global competition for students who have started and are operating a business while attending college or university. UAE entrants will compete against their peers from around the world in hopes of qualifying …
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The challenges of finding a local UAE sponsor
When it comes to setting up in the UAE as a foreign businessperson, there are basically two options: you can start a business in a free zone or launch a mainland company. While there are opportunities in both, there is a wealth of lesser-known advantages …
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MIDEAST STOCKS-Corporate news weakens Dubai and Saudi, Qatar jumps after budget
DUBAI, Dec 13 (Reuters) – Corporate news pulled down stock markets in Saudi Arabia and Dubai on Wednesday, while Abu Dhabi was supported by a strong new listing and Qatar surged after the release of the government’s 2018 budget. The Dubai index dropped 1 …
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UAE central bank says non-oil growth to reach 3% this year
he non-oil part of the United Arab Emirates economy is expected to grow 3 per cent this year, accelerating from 2.7 per cent last year, the central bank said. “The recent improvement in oil prices has shed a positive sentiment on the economic activity in …
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Aldar Properties Supports Region’s Hotel Investor Summit as GIOHIS Returns to Abu Dhabi
Aldar Properties PJSC (Aldar), Abu Dhabi’s leading listed property development, investment and management company, will once again support the Gulf and Indian Ocean Hotel Investors’ Summit (GIOHIS) as Founding Patron when it returns to Abu Dhabi for …
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UAE, Saudi working on digital currency for cross-border deals
On Wednesday, however, Mansouri said the central banks wanted to understand blockchain technology better. He told reporters that the UAE-Saudi digital currency would be used among banks, not by individual consumers, and would make transactions more efficient.
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UAE oil giant looks to build regional ‘credibility’ with IPO
Carey also told reporters the group would look to expand its fuel stations into Dubai and Saudi Arabia next year … shortly after the bell versus an IPO price of 2.50 dirhams per share. ADNOC’s fuel-distribution IPO is set to become the first of many …
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National Bank of Fujairah Joins Nasdaq Dubai Murabaha Platform
National Bank of Fujairah (NBF) announced today that it has joined Nasdaq Dubai’s rapidly expanding Islamic financing Murabaha platform, which offers unique advantages to financial institutions and clients seeking Sharia’a-compliant solutions and …
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Incentives galore in Abu Dhabi property
(MENAFN – Khaleej Times) Prolonged economic headwinds have meant that Abu Dhabi’s real estate market has continued to stagnate during 2017, with the majority of sale and lease activity driven by affordability and incentives being offered by landlords and …
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Gemini Property Developers Begins Construction of 29-Storey ‘Symphony’ Luxury Project at Business Bay
Gemini Property Developers, a Dubai-based boutique real estate developer, today broke ground and began construction of its 29-storey ‘Symphony’ tower in Dubai’s Business Bay. The tower is the second of a series of high-end luxury residential projects …
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Dubai Among Top 30 Global Cities for Commercial Real Estate
Dubai breaks into the Top 30 Global Cities ranking for the first time, according to JLL’s annual Global Cities Ranking, ‘Global300’ survey focused on evaluating 300 cities that are centered around commercial real estate activity. Ranking 27th place …
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UAE oil major looks to build regional ‘credibility’ with IPO
Carey also told reporters the group would look to expand its fuel stations into Dubai and Saudi Arabia next year … shortly after the bell versus an IPO price of 2.50 dirhams per share. ADNOC’s fuel-distribution IPO is set to become the first of many …
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UAE FMA launches Emiratisation programme
The UAE Financial Markets Association, UAE FMA, has announced the launch of the ‘Emiratisation Optimal Performance Scheme’ to encourage and support the local banking industry in implementing efficient nationalisation strategies. The programme launch in …
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