Financing, one of the most important elements for a successful business, is due to change course in the months to come. Non-bank or alternative lending options in the UAE should see an exponential …
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Abu Dhabi Islamic Bank Weighs Merger
Abu Dhabi Islamic Bank PJSC is weighing strategic options for its business, including a potential merger, according to people with knowledge of the matter. The United Arab Emirates’ second-biggest Isl…
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Dubai’s Emaar sees 2018 net profit rise 30% to nearly $2bn
Revenue in 2018 was AED25.694 billion, a growth of 37 percent over 2017, the Dubai-based developer said in a statement. During the fourth quarter, Emaar’s revenue was AED8.304 billion, up 53 percent w…
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Dubai’s Al Nasr gets new look stadium after revamp project
state news agency WAM. Al Bishr said: “The stadium development project was carried out in line with the objectives of our wise government, which aims at enhancing the distinctive position of Dubai in …
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Aldar Properties : , Emaar alliance could channel Dh30 billion investments into Abu Dhabi, Dubai real estate
The Aldar headquartrers in Abu Dhabi. The developer said its operating margins are in the 35- 40 per cent range now. Image Credit: Gulf News Archives Dubai: Aldar Properties is in the “final stages” o…
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Abu Dhabi’s Aldar posts $708m profit as 2018 revenues grow 3%
Abu Dhabi developer Aldar Properties has posted $1.7bn (AED6.3bn) in revenues for 2018, up 2% on 2017 figures, boosted by asset acquisition and the collection of final payments. The Abu Dhabi developm…
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UAE Insurance Authority pushes ahead with stringent life insurance regulations
The government body issued a third draft of the decision taken by IA’s board of directors on its website detailing its proposed overhaul of the life insurance and family takaful business in the UAE. “ …
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Latest gold, forex rates in UAE
Emirates 24|7 brings you the daily Dubai gold rate (22k, 24k, 21k and 18k), as well as currency exchange rates, including the Indian rupee, Pakistani rupee, Philippine peso, Sri Lankan rupee, sterling …
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Is this UAE’s first eco-conscious bespoke luxury menswear brand?
That’s the gaping fashion hole that Matthew and his business partner James Siggers decided to plug by starting up Benjamin Siggers in late 2017, headquartered out of Dubai. They met each other …
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Dubai International airport unveils new brand as it seeks to become a culture hub
Dubai Airports has unveiled its new brand for Dubai International Airport (DXB) as it aims to position the world’s busiest international airport as a hub for culture, hospitality, and …
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Abu Dhabi’s Etihad Airways restructures Airbus, Boeing jet orders
ABU DHABI, Feb 14 (Reuters) – Etihad Airways said on Thursday it has agreed with Airbus and Boeing to restructure a “large portion” of its orders, in what appeared to be a major cut in long-haul jet o…
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Noor Bank 2018 profit jumps 62%
Noor Bank, a Shariah-compliant bank in the UAE, on Wednesday said its 2018 net profit jumped 62 per cent to Dh601 million as compared to Dh371 million in the previous year on the back of strong growth …
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Sharjah officially inaugurates IWAS World Games 2019
Sharjah: More than 500 athletes from 50 countries have gathered in Sharjah for the International Wheelchair and Amputee Sports (IWAS) World Games, which was officially inaugurated on Tuesday. Shaikh A…
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UAE bourses sees a halt in sell-off
The Dubai Financial Market general index closed 0.31 per cent higher at 2,492.58. Image Credit: Gulf News Archives Dubai: UAE bourses witnessed a temporary halt in sell-off on Wednesday …
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Dubai turning strategic hub for Chinese investors
A picture shows a general view of the Dubai International Financial Centre. [Photo provided to China Daily] Chinese banks and investors have achieved great success through their entities in Dubai, rea…
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Bithumb Partners with Nvelop to Launch Crypto Exchange in the UAE
… the middle-east by opening a new fiat-to-crypto exchange in the United Arab Emirates (UAE), according to a February 12 report of local news outlet the Financial News. According to the report, Bith…
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Dubai Financial Market : GFH inks $100m real estate deal with Terra
Dubai – Mubasher: GFH Group on Wednesday announced that it has signed a $100 million agreement with a special purpose vehicle (SPV), owned by Terra Real Estate Investments LLC (Terra), with instrument…
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