Emirates Integrated Telecommunications Company (EITC) today, better known as du, on Thursday announced the resignation of its chief financial officer, Amer Kazim. The company said Kazim is leaving to …
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UAE’s du announces resignation of chief financial officer
Dubai: Emirates Integrated Telecommunications Company (EITC), the parent company of du, announced on Thursday that its chief financial officer (CFO), Amer Kazim, has resigned. The company said …
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DFSA joins launch of Global Financial Innovation Network
The Dubai Financial Services Authority (“DFSA”) is pleased to announce the launch of the next phase of the Global Financial Innovation Network (“GFIN”) This pilot cross-border testing follows last yea…
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Sharjah Int’l sets new passenger record amid expansion plans
Sharjah International Airport saw a record number of passengers in 2018 as it embarks on a major expansion project to increase capacity to 20 million passengers by 2025. The airport was used by 12.04 …
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Revealed: the future of healthcare in Dubai
Dubai Healthcare City has announced the first regulated telehealth platform in the free zone, launching the new service with a live consultation between a patient and doctor. The demonstration at Arab …
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Dubai said to launch new Downtown Jumeira mega project
Dubai Holding, the investment firm owned by the emirate’s ruler, is set to announce a development close to its iconic Burj al Arab hotel, according to a person with knowledge of the plans. Downtown Ju…
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UAE maritime sector keeps up with changing tech trends
Some of the technologies that are sooner or later expected … has helped improve the efficiency of Dubai’s supply chain through cost reductions, increased productivity and reduced carbon …
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UAE maritime sector sails into 2019
The UAE’s strategy of economic diversification over the past decade has paid rich dividends for its maritime business Image Credit: Courtesy Dubai Maritime City Authority It’s been plain …
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UAE consumers’ online spending soars 48%
“While some sceptics may look at 2018 as a slow year in terms of UAE retail card spending, actual data collated by Mashreq bank’s merchant acquiring business shows otherwise,” said Pankaj …
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Diverse, international flock awaits Pope Francis’ UAE trip
DUBAI, United Arab Emirates – At St. Mary’s Catholic Church in Dubai, an effort to transcribe the Bible in the native tongue of its flock saw the holy book presented in 52 languages — a sign of the co…
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UAE Bank merger: ADCB, UNB and Al Hilal Bank answer you questions
The official website of the three merging banks, ADCB , UNB and Al Hilal who are expected to finalise their merger by mid 2019, has published answers to the most frequent questions being asked by …
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Avalanche of new homes in Dubai extends property slump
Zainab Fattah Dubai’s homeowners will have to wait at least a couple more years for a long-running property slump to hit bottom as developers put a record number of new residences on the market this y…
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Business Line Dubai: In with the old, in with the new
Islamic banking is as old as Islam itself and despite a recent slump, it is becoming increasingly popular globally with Muslims and non-Muslims alike. Following Shariah doctrine, Islamic banking is ba…
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UAE ‘used spying tool’ to target Qatar’s emir, other rivals
A UAE Ministry of Foreign Affairs spokeswoman and Apple Inc declined to comment for the story. The Gulf crisis, an ongoing diplomatic dispute that has roiled the GCC, was set in motion by the hacking …
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UAE firms tie up in three-way mega merger to create $114 billion banking giant
Abu Dhabi Commercial Bank, Union National Bank and Bank Al Hilal have announced a major three-way merger deal that will create the fifth largest lender in the MENA region with combined assets of $114 …
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Ministry of Finance hosts delegation from the Global Forum on Transparency and Exchange of Information for Tax Purposes
Abu Dhabi UAE: The Ministry of Finance (MoF) recently hosted a delegation from the Global Forum on Transparency and Exchange of Information for Tax Purposes at its headquarters in Abu Dhabi during the…
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Dubai Islamic Bank net profits up 11% to Dh5 billion in 2018
Dubai: Dubai Islamic Bank (DIB) on Wednesday reported Dh5 billion net profits, up 11 per cent compared to Dh4.5 billion in 2017. In response to the strong performance, DIB’s board of directors …
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