The Roads and Transport Authority (RTA) in Dubai recently announced that it will inaugurate Phase II of the Parallel Roads Improvement Project at Business Bay, which also included road improvements between Al Meydan and Financial Streets. Once the project …
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UK College of Business and Computing opens Dubai campus
Dubai: The UK College of Business and Computing, one of London’s leading higher and vocational education institutes, opened its campus for the first batch of students in Dubai on Wednesday. The college, located in the heart of Dubai International …
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UAE reforms aid Sukuk market, says Fitch
and those of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) would be addressed. Nevertheless, regulation is one of a number of initiatives that, over time, could support the UAE’s Sukuk market, said Fitch.
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Dubai Fintech Goes Global
Dubai International Financial Centre (DIFC) has signed a FinTech memorandum of understanding (MoU) with professional services company Accenture. Under the MoU, FinTech Hive at DIFC – the first financial technology accelerator in the Middle East region …
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UAE equities rally on Dh50 billion stimulus plan
The Abu Dhabi Securities Exchange (ADX) gained 0.8 per cent to 4,652 points while the Dubai Financial Market jumped 0.4 per cent to 3,055 points, with most companies advancing, led by some big banks and real estate firms. Among ADX-listed equities …
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Up to 85% of UAE residents not saving enough for their future – report
While 77 per cent of those surveyed in the UAE believe that saving is important, 68 per cent also claimed that their financial stability contributes to their overall happiness. The report also found measurements for overall happiness included taking out …
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No increase to private school fees in Dubai
“We ordered an immediate freeze on the tuition fees of all private schools in Dubai for the coming academic year (2018-2019), in order to reduce the financial burden on parents,” tweeted Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of …
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Sheikh Hamdan: No Increase in Dubai Private School Fees To Spare Parents Financial Burden
These are the kind of news that makes us want to pack everything we own and move to UAE. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council made the biggest announcement on Twitter.
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Banking sector maintains strong liquidity despite a drop in deposits
The UAE’s banking sector liquidity continued to remain strong in the month of April despite sluggish growth in both deposits and credits, according to monetary data from the Central Bank of UAE. An analysis of April data by Abu Dhabi Commercial Bank’s …
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Swiss bank Lombard Odier in talks on Saudi partnership
Dubai: Swiss private bank Lombard Odier is in talks to set up a partnership with a Saudi bank as it aims to strengthen its presence in the Gulf, its managing director said on Wednesday. The Geneva-based bank, which had $281 billion (Dh10.3 trillion …
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222 year old Swiss Bank Lombard Odier looks to grow Islamic assets in the Gulf
Swiss Bank Lombard Odier is looking to grow its share of customers in the GCC with a range of new Shariah compliant products. It is also in talks to expand its presence in the UAE and partner with a bank in Saudi Arabia to set up shop in the country.
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Dubai Properties unveils ‘Living Green Wall’ at Dubai Wharf
Dubai Properties has unveiled what it calls the Middle East’s largest living green wall at Dubai Wharf as part of its initiative to promote sustainable living. An announcement from the real estate major said the structure, located in Culture Village …
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Immensa Technology Labs Is First UAE Company to File for 3D Printing Patent
One year ago, top UAE additive manufacturing company Immensa Technology Labs, which is focused on 3D printing research and development, opened the doors to the first 3D printing facility in Dubai. Immensa is the first privately owned company to …
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11 stranded Indian sailors repatriated from Sharjah
Therein, we were helped by the coast guard and the Sharjah Port Authority. Six Indians on board that ship were repatriated yesterday (Monday) and day before yesterday,” Vipul told Gulf News. “The ship was stuck because the company had not paid the port …
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Abu Dhabi’s Dh50bn stimulus will boost economic growth, property market
The new Dh50 billion stimulus plan for Abu Dhabi announced late Tuesday by Sheikh Mohammed bin Zayed, the Crown Prince will help lift gross domestic product growth, increase consumption and revitalise the property market as the government takes advantage …
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Residency boost for Dubai and Abu Dhabi
A decision to extend visas to 10 years for some professionals is seen as a boon for a foreigner-dependent United Arab Emirates property industry that’s been in the doldrums… As homebuilders in Dubai and Abu Dhabi think up extravagant incentives to shake …
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UAE, Saudi partner on 44 strategic economic, military projects
The UAE and Saudi Arabia announced a partnership for economic, developmental and military integration through 44 strategic projects during a historic meeting on Wednesday. The announcement came after the first meeting of the Saudi-Emirati Coordination …
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