I was offered a loan with a 4.7 per cent interest rate at a bank, which I accepted. After two years of paid instalments, the bank changed the interest rate to 10.7 per cent under the claim that the ow…
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Abu Dhabi Commercial Bank picks Barclays to advise on merger
ABU DHABI/DUBAI, Nov 14 (Reuters) – Barclays has been appointed by Abu Dhabi Commercial Bank (ADCB) to advise on a potential merger plan involving Union National Bank (UNB) and Al Hilal Bank, banking …
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UAE central bank removes 20 per cent cap on real estate loans
A cap on real estate lending in the UAE has been lifted by the Central Bank of the UAE, the chairman of the UAE Banks Federation said. Previously for real estate loans, a 20 per cent deposit was …
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The Debt Panel: ‘I have owed money in the UAE for 20 years’
I have been working in the UAE for 30 years and was employed by the same company as an executive secretary from 1991 to 2014, when I was made redundant. Sadly, I did not get to enjoy my end of service …
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UAE embassy issues weather warning to citizens in Kuwait
The UAE Embassy in Kuwait has issued an advisory to its citizens … except those whose jobs require them to be in their work places. Kuwait Banking Association said in a statement on Tuesday that it …
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Emirates NBD Encourages UAE to ‘Give In to Giving’ This World Kindness Day
With World Kindness Day on 13 November, Emirates NBD, a leading banking group and and a pioneer in private sector volunteering in the UAE, has released a video to encourage UAE residents to ‘give in t…
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Dubai chases more UK property investors with third London show
Dubai Land Department (DLD) will launch the third edition of the Dubai Property Show in London on Friday as the emirate looks to lure more British real estate investors. The show, which runs from Nove…
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The Big 5 Solar: Bringing Solar to Dubai’s $279.4bn urban sector
After a successful launch edition in 2017, The Big 5 Solar will return under the Patronage of the Ministry of Energy & Industry, United Arab Emirates, to showcase solar energy solutions for the constr…
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GCC ‘on track to achieve 4.6GW solar PV target’
The solar drive will ensure the Gulf region reaches its 2030 target of a collective 4.6 GW PV in power generation to emerge as a global renewables leader, said an industry expert ahead of the upcoming …
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‘UAE has given me everything’ says Arabian Business Achievement Award winner Shaji Ul Mulk
A home grown global brand – and cricket – are what Shaji Ul Mulk lists as his “small contribution” to the UAE economy and the world of sports. As he received the Arabian Business Achievement Award in …
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Sharjah International Book Fair 2018 Celebrates Reading and Culture with 2.23 Million Visitors
SHARJAH, United Arab Emirates — The world’s third largest celebration of the written word, the Sharjah International Book Fair (SIBF), has put up yet another record performance in its 37th …
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Sharjah fire: 25 people shared gutted house where mother, child died
The Pakistani mother, 40, and her seven-year-old son died of burn injuries after a fire broke out in the house located in Maysloon area in Sharjah, officials confirmed to Gulf News on Tuesday.
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Damac chief confident of Dubai property market recovery by 2021
DUBAI: One of the UAE’s leading property developers believes that the property market will pick up again by 2021. Hussain Sajwani, the billionaire founder and chairman of Dubai-based Damac Properties, …
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UAE, Finland keen to share synergies
“Our startup industry is very eager to explore the opportunities available in the UAE. We have observed young entrepreneurs dealing in new industries such as digital healthcare, artificial intelligenc…
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10 surprising facts about life in Sharjah
7. Sharjawis want to raise their kids there too School kids visit the 34th edition of Sharjah International Book Fair Image Credit: Virendra Saklani/Gulf News People who grew up in Sharjah …
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Sharjah Book Fair is an annual cultural spectacle
Visitors throng the Sharjah International Book Fair. Image Credit: Virendra Saklani/Gulf News Reminiscing about the 1,800 events and 2.23 million visitors who made the 37th Sharjah International …
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Construction Week In Focus | S02E27: Dubai’s MBR Solar Park – Dubai Video
MBR Solar Park is the largest single-site solar energy plant in the world with more than $13-billion of investment committed against it. The scheme was launched in January 2012 with the promise that t…
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