… Emirates – The leader of the United Arab Emirates, who has rarely been seen in public since suffering a stroke nearly three years ago, has returned to the country after a “private visit” abroad. The state-run WAM news agency says Sheikh Khalifa bin …
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Abu Dhabi's UNB says IPO for its Islamic insurer JV heavily oversubscribed
DUBAI Jan 12 Abu Dhabi’s Union National Bank (UNB) said on Thursday an initial public offer for its new Islamic insurer joint venture Orient UNB Takaful, was more than 13 times oversubscribed. The IPO is set to be the first in the United Arab Emirates …
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Orient UNB Takaful IPO more than 13times oversubscribed
The Orient UNB Takaful IPO size was 600,000 Ordinary Shares representing 30 per cent of the equity of the new Company (AED 60 Million) with a share price of AED 100 plus AED 1 as issuing expenses. Union National Bank is currently working with Dubai …
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Orient UNB Takaful IPO more than 13 times oversubscribed
The Orient UNB Takaful IPO size was 600,000 Ordinary Shares representing 30 per cent of the equity of the new Company (AED 60 Million) with a share price of AED 100 plus AED 1 as issuing expenses. Union National Bank is currently working with Dubai …
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At Abu Dhabi oil event, hopes that cuts will raise prices
ABU DHABI, United Arab Emirates – Participants at an oil conference in crude-rich Abu Dhabi say they hope production cuts will drive prices even higher. Emirati Energy Minister Suhail al-Mazroui says there’s “a fair movement” toward higher prices.
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United Arab Emirates diplomats among dozens dead in Afghanistan bombings
The UAE’s state-run WAM news agency identified the dead as Mohammed Ali Zainal al-Bastaki, Abdullah Mohammed Essa Obaid al-Kaabi, Ahmed Rashid Salim Ali al-Mazroui, Ahmed Abdul Rahman Ahmad al-Tunaiji, and Abdul Hamid Sultan Abdullah Ibrahim al-Hammadi.
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United Arab Emirates says 5 diplomats killed in Afghanistan bombing
(Allauddin Khan/AP) The UAE’s state-run WAM news agency identified the Emirati dead as Mohammed Ali Zainal al-Bastaki, Abdullah Mohammed Essa Obaid al-Kaabi, Ahmed Rashid Salim Ali al-Mazroui, Ahmed Abdul Rahman Ahmad al-Tunaiji, and Abdul Hamid …
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UAE Oil Minister: Too Early To Say If OPEC Deal Should Be Extended
It is still too early to say if the oil supply deal should be extended beyond its original six-month period at the end of the first half this year, the oil minister of the United Arab Emirates (UAE) said on Wednesday. After OPEC and 11 non-OPEC producers …
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Dubai's DAMAC Confirms Offering $2B in Deals to Trump
Trump said Wednesday at his first news conference since his election that he had turned down the deal, offering the decision as evidence of his commitment to avoiding conflicts of interest. “Over the weekend, I was offered $2 billion to do a deal in Dubai …
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Dubai hotel demand at 5-year high as tourists back in droves
“This was Dubai’s highest December demand increase since 2011. The month closed with three consecutive nights of occupancy above 90 per cent, including a level of more than 95 per cent on New Year’s Eve,” STR said in a statement sent to Gulf New
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Fire strikes Abu Dhabi national oil company refinery
DUBAI, United Arab Emirates – The Abu Dhabi National Oil Co. says a fire has broken out at a refinery, with no injuries immediately reported. ADNOC said Wednesday night on Twitter that the fire hit its Takreer Ruwais refinery. That refinery is in the …
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United Arab Emirates: 5 diplomats killed in Afghanistan bombing
Abu Dhabi’s powerful crown prince … in the past that diplomats and security forces later attributed to the group. The UAE’s state-run WAM news agency identified the Emirati dead as Mohammed Ali Zainal al-Bastaki, Abdullah Mohammed Essa Obaid al-Kaabi …
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Wireless Equipment Management Dubai by First BIT
However, there is a proven and reliable way to deal with this problem: calling in the specialists for your wireless management needs. First BIT offers excellent wireless device management service options provided by experienced professionals. We will …
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UAE Mourns 5 Diplomats Killed in Mysterious Afghan Bombing
The killing of five diplomats from the United Arab Emirates in a bombing in southern Afghanistan marks the deadliest attack ever for the young nation’s diplomatic corps, though it’s too soon to tell who was behind it or if the Gulf envoys were even the …
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United Arab Emirates Says 5 Diplomats Killed in Afghan Blast
Abu Dhabi’s powerful crown prince … in the past that diplomats and security forces later attributed to the group. The UAE’s state-run WAM news agency identified the Emirati dead as Mohammed Ali Zainal al-Bastaki, Abdullah Mohammed Essa Obaid al-Kaabi …
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Why you should be optimistic about UAE property in 2017
If the endless posts peppering your social media feed are to be believed, almost everyone is pleased to see the back of 2016. Whether it was regional economic turmoil, war, terrorism or the untimely death of your favourite celebrity, 2016 wasn’t a great year.
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United Arab Emirates to invest $163bn in renewables
The United Arab Emirates has said that it intends to invest $163bn (£134bn) in projects to generate half of the nation’s power needs from renewables. The major oil producing Gulf state is hoping to get close to this by 2050 and says it wants to balance …
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