Dubai (AFP) – Dubai budget carrier flydubai chalked up a loss of $43.5 million in 2018, it said Wednesday, as airlines across the Gulf struggle with mounting costs and political tensions. The governme…
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Updated anti-money laundering laws in UAE to face some challenges
As long ago as 2008, the Financial Action Task Force (FATF) reviewed the legal measures the UAE had implemented to counter money laundering and the financing of terrorism. The FATF’s review concluded …
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UAE-based blockchain platform for trade finance distribution goes live with 25 banks
TradeAssets, the blockchain-powered e-marketplace for trade finance assets, is now live with 25 banks. The first transaction was completed on February 6, and the onboarded banks have now posted trade …
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Dubai’s Du posts $480m profit as it searches for new CEO
Du said that the search to find a successor to founding CEO Osman Sultan has now entered the active phase. Emirates Integrated Telecommunications Company, better known as du, on Wednesday announced a …
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Polaris Wireless to launch 3D tracking solutions in Middle East
Polaris Wireless, a provider of high-accuracy, software-based wireless location solutions, and Al Hamra Trading Establishment have partnered to bring a high-accuracy 3D location solution to public saf…
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UAE gets driverless cars in the fast lane
The UAE continues to lead the region and remains among the world’s top 10 countries that are best prepared for driverless vehicles, thanks to its world-class road infrastructure, the change readiness …
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Dubai rises for sixth day; banks lift major Gulf markets
In Dubai, the index rose 1.5 percent, boosted by banks and real estate stocks. Dubai Islamic Bank gained 1.4 percent. Emaar Properties jumped 3.2 percent, continuing the gains driven by better-than-ex…
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Sharjah launches fully-funded scholarships for young Arab acting talent
Sharjah has announced fully-funded scholarships for young Arab acting talent to study at the Sharjah Performing Arts Academy. Dr Sheikh Sultan bin Muhammad Al Qasimi, Ruler of Sharjah made the announc…
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British football fan ‘beaten and starved in UAE after arrest for wearing Qatar shirt’
He travelled to the UAE for a holiday in January and the incident happened … I couldn’t handle it In an interview with Sky News, he said: “I was beaten. I was terrified. I couldn’t handle it. “They …
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Up to 486 property firms in Dubai did not renew their licences for 2018 – report
A record 486 property companies and real estate brokerages that were in business in 2017 did not renew their licences for 2018, real estate portal Property Finder has revealed. The number …
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Dubai Airports, Careem launch cheaper travel for DWC passengers
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Tearful Osaka stunned by Mladenovic in Dubai
“I’m pretty sure as time goes on you guys will stop talking about it. For now, it’s like the biggest tennis news, I guess. “See, it’s a little bit hard because I feel like people are …
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UAE insurers maintain earnings pace: AM Best
AM Best’s analysis of the preliminary disclosures of the national insurers listed on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) has shown material improvements in bot…
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UAE bank assets rise 1.2% in January: Central Bank
Abu Dhabi – Mubasher: Assets of banks operating in the UAE increased 1.2% month-on-month by the end of January, the Central Bank of the UAE said on Tuesday. Lenders’ assets grew to AED 2.913 trillion …
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Abu Dhabi Oil Giant’s Credit Ranked AA as Aramco Seeks Rating
(Bloomberg) — Abu Dhabi’s government-owned oil giant received … a day was $52.1 billion in the first half of 2017, Bloomberg News reported in April. Exxon Mobil, the world’s largest …
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Permanent residency could attract more property investors to Dubai
The Dubai property sector has emerged as a stable and mature market in the past couple of years despite a slowdown in major developed and emerging markets as investors believe in its promising future …
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Survival of the Fittest in Dubai’s Property Market
Consolidation time for Dubai real estate with fly-by-night companies exiting the market, reaffirming signs of a maturing property market in Dubai 486 real estate companies in Dubai did not renew their …
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