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Category: BUSINESS

Posted on 20/04/2021

Dubai’s largest bank sees Q1 net profit rise on improving UAE economy

Emirates NBC CEO says bank will accelerate the pace of investment in digital and international network on back of strong results …
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Posted on 20/04/2021

UAE one of the World’s Safest and Preferred Healthcare Destinations strengthens its Care Delivery System.

StratMed is one of the largest data-driven, healthcare performance improvement companies. It is unlocking the value of Planned Consumption and Supply Chain Management for large hospital chains in Asia …
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Posted on 20/04/2021

Dubai CommerCity launches offices and logistics units in first phase of development

Dubai CommerCity (DCC) has launched 470,000sqft of new facilities as part of the first stage of its planned schedule. The phase includes a built-up area of over 320,000sqft of office spaces in the …
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Posted on 20/04/2021

KSA and UAE say loss of travel has adversely affected business performance

Saudi Arabia and the United Arab Emirates have found that the loss of travel has adversely affected business performance, according to new research by Collinson. More than four fifths of business …
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Posted on 20/04/2021

Dubai’s Courts of Space launches international working group

Courts and the Dubai Future Foundation (DFF) announced the formation of an international Working Group tasked with exploring space-related legal innovations and providing an outlook on potential …
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Posted on 20/04/2021

Why Dubai is the ‘best place to be’ for design

Level Shoes sees “exponential growth” of local designers, eyes first expansion out of Dubai into Saudi by year-end …
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Posted on 20/04/2021

Abu Dhabi’s TAQA gives initial guidance for dollar bonds – document

It gave initial guidance of around 110 basis points over U.S. Treasuries for a seven-year tranche and around 3.75% for a 30-year Formosa portion …
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Posted on 20/04/2021

UAE’s Emirates Islamic Bank post 37% rise in Q1 net profit

UAE-based lender Emirates Islamic Bank has posted a Q1 2021 net profit of Dhs212m, up 37 per cent year-on-year from the corresponding period last year, due to lower costs and lower impairment …
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Posted on 20/04/2021

Pakistan gets US$ 2 billion roll-over from UAE

Pronouncing the United Arab Emirates’ (UAE) decision to roll-over the US$ 2 billion deposit by the Abu Dhabi Fund, the UAE Foreign Minister His Highness Sheikh Abdullah bin Zayed Al Nahyan has …
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Posted on 20/04/2021

Qureshi, UAE FM agree to strengthen cooperation in diverse areas

Foreign Minister Shah Mahmood Qureshi and foreign Minister of United Arab Emirates Sheikh Abdullah bin Zayed Al Nahyan have reaffirmed their desire to further strengthen cordial relations between …
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Posted on 20/04/2021

Paskistan, UAE agree to strengthen trade relations

Paskistan and United Arab Emrites have agreed to exchange business delegations to promote bilateral trade and economic cooperation in different fields. The agreement was reached in a meeting between …
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Posted on 20/04/2021

Dubai apartment rents down 18.4% in the first quarter of 2021

Housing costs in Dubai continued their downtrend in the first three months of the year, with overall residential rents falling by an average of 11 percent compared to last year, data from real estate …
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Posted on 20/04/2021

Dubai CommerCity launches 1st phase of new facilities

Dubai CommerCity (DCC), the first dedicated e-commerce free zone in the Middle East, North Africa and South Asia (Menasa) regions, has launched 470,000 sq ft of new facilities as part of its first …
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Posted on 20/04/2021

10 African Nations to Benefit from Mohammed bin Rashid Al Maktoum, Ruler of Dubai, 100 Million Meals Ramadan Campaign

African Nations to Benefit from Mohammed bin Rashid Al Maktoum, Ruler of Dubai, 100 Million Meals Ramadan Campaign.
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Posted on 20/04/2021

UAE’s blockchain-powered platform to curb financial crime goes live

The UAE has unveiled a trade finance platform powered by blockchain technology in partnership with Etisalat and seven local banks.
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Posted on 20/04/2021

Mastercard Rolls Out Track B2B Payments In UAE With HSBC

Mastercard is collaborating with HSBC to provide HSBC’s business clients in the UAE with a bolstered business-to-business (B2B) payment experience.
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Posted on 20/04/2021

Mystery shrouds abduction attempt on Sharjah returnee

KOCHI: Mystery shrouds the incident in which a passenger who landed at the Kochi airport from Sharjah was kidnapped by a gang on Sunday noon even as the police suspect the hands of a gold smuggling …
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