Young couple Jawad and Amal are planning to purchase a home in Dubai this year. Being devout Muslims, they wish to finance their property in accordance with the principles of their faith. Having taken conventional mortgage offers from banks on board …
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Arab IPO Summit to focus on capital growth
The second Arab IPO Summit, a major gathering of capital market authorities and financial institutions upcoming in Dubai, UAE will highlight the critical aspects for the implementation of successful IPO (Initial Public Offerings). The event will be held on …
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Saudi Aramco's oil reserves confirmed by external audit: sources
DUBAI/KHOBAR, Saudi Arabia/LONDON The first independent audit of Saudi Aramco’s [IPO-ARMO.SE] oil reserves has confirmed the state oil company’s own figures, sources familiar with the situation said, ahead of its planned share market listing next year.
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UAE's first residential 'REIT' comes into being
Emirates REIT is listed on Nasdaq Dubai with a Dh2.8 billion portfolio of office buildings … allowing the REIT to build-up a large portfolio in order to prepare for an IPO. According to Sylvain Vieujot, Chairman of Equitativa, “We believe this is …
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NSE Selects IDFC Chief Vikram Limaye As New CEO And MD
At present, Limaye is in Dubai to attend a meeting of the International Cricket Council (ICC). The appointment comes at a time when the exchange is preparing to launch its IPO estimated to be worth over Rs 10,000 crore. Besides, the bourse is facing …
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UAE, India to boost regional security, says Indian envoy
Dubai: The UAE-India ties are set to deepen “beyond bilateral relationship” through expected collaborations in regional security, India’s ambassador to the UAE said during a goodwill visit by an Indian coast guard ship at Dubai’s Port Rashid on …
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Dubai developer Emaar to collect $332M for high-rise fire
DUBAI, United Arab Emirates – The developer of the world’s tallest building says it will collect $332.4 million from its insurer to cover damage sustained during a dramatic New Year’s Eve fire at one of its Dubai hotels. Emaar Properties said in a filing …
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Dubai gathers geeks to help make city happier
Dubai: This week, four teams of programmers, public and private sector workers have gathered for one goal: to make Dubai a happier place for travellers. With the aid of patchworks of sticky notes, walls of whiteboard and countless cups of coffee, each team …
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Dubai property sales ‘increase by 30%’
Busier residential market in fourth quarter, with Dubai Marina recording the most transactions – Chestertons There was a 30% increase in Dubai residential real estate transactions in the fourth quarter of 2016 compared to Q3, according to property agent …
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Smarter police patrols on Dubai roads
Dubai: Dubai Police will deploy 30 smart patrols on the roads and will have more smart cameras to tackle stolen cars, an official said on Sunday. People driving stolen vehicles or those driving recklessly will be tracked in a flash with next-generation sma …
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Dubai Municipality Launches 8th Car-Free Day Initiative
DUBAI, UAE, Feb. 5, 2017 /CNW/ – Dubai Municipality on Sunday launched the eighth “Car Free Day” with the participation of government, semi-government and private organizations and a number of dignitaries, including heads of government departments and …
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Dubai royalty is first woman pilot in Al Maktoum family
The youth of Dubai’s royal family are clearly reaching for the skies and beyond. A young woman in the Al Maktoum family earned a unique distinction earlier this month and became a trailblazer of sorts. Apparently, Dubai princess – Sheikha Latifa – isn’t …
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Dubai's Emaar to recover 265.89 million pounds for hotel fire insurance claim
DUBAI Dubai’s Emaar Properties EMAR.DU will recover 1.22 billion dirhams (265.89 million pounds) from an insurance claim for a fire that engulfed one of Dubai’s most prominent hotel skyscrapers on New Year’s Eve 2015, the developer said Monday. The luxury …
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Dubai crude cash spread to swap at three-month high on robust demand
Frontline cash Dubai crude rose to its highest against the same-month Dubai swap in over three months Monday as demand for medium, heavy sour crudes was expected to remain supported on the prospect of the OPEC output cuts could be more apparent to Asian …
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Reminder To Always Request Your Hotel Benefit Letter As Status Customer, Outlining Your On-Property Benefits
This week I stayed at the Le Royal Meridien Abu Dhabi as well as the St.Regis Abu Dhabi at Nation Towers. Both properties didn’t explain the Platinum Benefits properly upon check-in and didn’t ask for the Platinum Amenity either. The latter alone would …
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Banks recovery trigger bounce back in UAE indices
National Bank of Abu Dhabi closed 2.05 per cent higher at Dh9.95. Aldar Properties closed 2.01 per cent higher at Dh2.54. Sharjah Islamic Bank closed 1.97 per cent higher at Dh1.55. Asmak closed 2.99 per cent higher at Dh2.41. Among the losers, Union …
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15.2 Billion Dirhams of margin trading finance in ADX in 2016
and RAK Properties with 1.1 billion Dirhams. In the banking sector, First Gulf Bank shares received 962 million Dirhams of funding, followed by National Bank of Abu Dhabi with 328 million Dirhams. Whereas in other sectors Dana Gas received 516 million …
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