Etisalat on Monday announced the launch of the first commercial 5G wireless network in the UAE. Etisalat said it will be the first operator to have a fully developed commercial 5G network available to provide gigabit internet services to its customers.
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Business Heads to Dubai
The Dubai Department of Economic Development, DED, has issued 1,848 new business licenses during April 2018 as the emirate remained a destination of choice for investment in diverse business sectors. The ‘Business Map’ digital platform of DED saw …
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UAE second safest country to live in the world
Dubai: The fact that 96.8 per cent of the people feel it is safe and secure to walk out at night in the UAE, has ranked the country as the world’s second safest place, officials said on Monday. Lt General Dahi Khalfan Tamim, Deputy Chairman of Police and …
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Dubai keeps the doors open for global brands
Dubai matters. The city pulled in the second highest number of international brands (59) after Hong Kong (86) in 2017 and ahead of Taipei (52) and London (49), according to the latest rankings from CBRE, the property consultancy. In 2016, Dubai had …
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Abu Dhabi commits billions to expand its refining capacity
“Given the projected increase in demand for petrochemicals and higher value refined products, we are repositioning ADNOC to become a leading global downstream player,” Ahmed al-Jaber, the CEO of the Abu Dhabi National Oil Co. and the Emirati minister of …
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Gulf Finance Saudi Arabia appoints new CEO
UAE-based financial services group Shuaa Capital has appointed a new CEO for its fully owned Sharia-compliant business financing arm, Gulf Finance Saudi Arabia. The new CEO, Atif Al Othri, will lead a team responsible for providing financial lending and …
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Expenses rising? Here’s how to avoid going broke in UAE
Dubai: The high cost of living is always a personal finance issue for many people in many parts of the world. Households constantly worry about how they can keep a roof over their heads, put food on the table or send their children to school without …
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DAFZA develops smart city goals with Dubai 10X projects
‘Dubai Blink’ and ‘FZExchange’ are two of 26 ‘Dubai … He added that the ‘FZExchange’ project aims to help investors in the free zones gain easier access to the financial and capital markets by creating a simplified regulatory environment …
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Dubai Islamic Economy Development Centre: Islamic Economy Contributes 8 Percent of Dubai’s GDP
He shared the statistics, mapping the contribution of key sectors – Islamic finance, manufacturing and trade – while chairing the second meeting of DIEDC’s Board of Directors in 2018. The contribution of the Islamic economy to Dubai’s GDP increased …
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Nigeria, UAE agreement on stolen assets takes off next month
UAE. The financial intelligence sharing by the two countries has uncovered some cases involving ex-Minister of Petroleum Resources Mrs Diezani Alison-Madueke and some of her business associates. The assets allegedly identified with Diezani are marked as J5 …
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Islamic Finance: US$400 million Sukuk by DAMAC Real Estate
The bell ceremony took place in the presence of Adil Taqi, Group Chief Financial Officer of DAMAC Properties, Hamed Ali, Chief Executive of Nasdaq Dubai, as well as senior representatives of DAMAC Properties Commenting on the announcement, Hussain Sajwani …
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Emirates NBD’s digital bank Liv. plans regional expansion
Dubai: Liv., the lifestyle digital bank by Emirates NBD targeted at millennials has completed its first year of operations acquiring 100,000 customers, becoming the fastest growing bank in the UAE. Leveraging on in its success in the UAE, the bank has …
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Dubai-based Bitcoin exchange suspends UAE dirhram withdrawals
BitOasis was founded by Jordanian entrepreneur Ola Dudin back in 2014 and currently operates in the UAE, Saudi Arabia and Kuwait. In January, 2018, the bank also suspended withdrawals to Emirates NBD, Noor Bank and Mashreq bank account holders. Subscribe …
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Video: Julius Baer, the Middle East, and banking for the world’s ultra-rich
Speaking to Arabian Business during a visit to the Julius Baer office in Dubai International Finance Centre, CEO Bernhard Hodler says the bank has long been committed to serving the needs of the Middle East’s – and in particularly the Gulf’s – UHNWIs.
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Dubai among global top 5 for economic performance
The monetary policy and the exchange rate regime adopted by the UAE Central Bank have been particularly effective in achieving economic stability and in enabling the local economy to keep pace with global economic changes. In its preparations for the …
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PNB tried cover up before Nirav Modi scam exploded: Transferred staff at Hong Kong, Dubai for revealing irregularities
New Delhi: Just months before the Nirav Modi scam tumbled out, Punjab National Bank (PNB) quietly recalled two employees, both internal auditors posted at the lender’s Hong Kong and Dubai branches after they exposed a deep rot within its banking system.
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Ajman Bank :’s board recommends capital raise
Dubai – Mubasher: Ajman Bank ’s board has proposed the increase of the bank’s capital in two phase. The first phase includes the increase of the paid-up capital within the AED 2.1 billion authorised capital, according to a bourse statement released on …
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