But despite all the current headwinds that may be putting pressure on the economy, business conditions in the UAE will remain positive for the rest of the year. That’s the sentiment gathered from the majority of heads of companies across the emirates.
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Traders Think Hedge Funds Are Missing a Trick With Oil
Hedge funds are still holding large bearish bets against oil and … is priced at $4.45 a barrel under the benchmark Dubai, the strongest pricing since the country started exporting it in June 2015. In the world of sweet crude, differentials for certain …
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Dubai conducts pioneering dental study of Emiratis
Dubai: A new study in the UAE has measured the teeth of several hundred Emiratis to boost the emirate’s level of orthodontic treatment. The study, which saw 521 dental casts taken from Emirati patients, found one main conclusion: that there are no …
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Dubai SME, DHL launch global expansion program for SMEs
Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, has signed an agreement with DHL, a global express transport company, to launch the “Global Expansion Initiative for Small and Medium Enterprises …
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Dubai Police arrest 7,603 suspects wanted in financial cases, recover Dh2b
Dubai: Dubai Police arrested 7,603 people wanted for financial cases this year and recovered Dh2 billion, an official said on Monday. Major-General Khalil Ebrahim Al Mansouri, assistant commander-in-chief of Dubai Police for Criminal Investigation Affairs …
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UAE hotel upgrades wireless network and internet connectivity
The Bin Majid Beach Resort in the United Arab Emirates (UAE) has upgraded its wireless coverage and Wi-Fi internet connectivity both indoors and outdoors after an increase in demand from guests had caused downtime. Get an expert look at the government’s …
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UAE credit demand rises ‘slightly’ – central bank
Demand for business credit and personal loans in the UAE rose slightly in the second quarter of 2017 and is expected to continue to increase slowly in the current quarter, according to the central bank. The latest Credit Sentiment Survey from the UAE …
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UAE’s Adnoc in talks with banks for big syndicated loan, project bond: sources
DUBAI (Reuters) – State-owned energy giant Abu Dhabi National Oil Co (Adnoc) is in talks with regional and international banks to obtain a syndicated loan worth several billion U.S. dollars, banking sources familiar with the discussions said on Monday.
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UAE credit demand begins to stabilise from second quarter
Dubai: Demand for credit in the UAE appeared to have stabilised following the recovery registered in the previous quarter, according to the second quarter credit sentiment survey of the Central Bank of UAE. The collects information from senior credit …
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Dubai Medical Fitness Centres to adopt smart system
DUBAI: Dubai Health Authority, DHA, has announced that it will be adopting an electronic system at its Medical Fitness Centres to allow customers to finish all their medical test procedures from one centre or through one of the 40 DHA-approved printing …
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Multiple accidents hit traffic flow in Dubai
Dubai: Motorists across the city faced heavy delays on Monday due to a number of traffic accidents in the morning. An accident took place on Shaikh Rashid Road, near the Sana junction, causing massive delays towards Karama and Shaikh Zayed Road. there is …
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Amlak Finance launches fully-owned property development in Mirdiff
“It will further enhance the value of our real estate investment and fulfil our commitments to our financiers and shareholders.” Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the …
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Abu Dhabi Police unveil new emblem and badge
ABU DHABI: Abu Dhabi Police on Monday unveiled the force’s new tamper-proof badge with a new emblem. Now, police officers have to carry it with them all the time, and have to produce it if a community member asks for it during investigation. Abu Dhabi …
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Abu Dhabi cracks down on illegal accommodation
In an effort to control and eradicate illegal forms of accommodation, the Abu Dhabi Municipality (ADM) has begun a widescale campaign to crackdown on the practice. The authority says violators place a huge burden on the community, and pose a real risk to …
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ADNOC Recognizes Outstanding Individuals Who Make Abu Dhabi’s Oil and Gas Industry One Of The Safest In The World
The Abu Dhabi National Oil Company (ADNOC) announced, last night, the winners of its annual health, safety and environment awards, that celebrate outstanding individuals and teams who make the Abu Dhabi oil and gas industry one of the safest in the world.
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Abu Dhabi Islamic Bank : ADIB posts H1 2017 results
Group net revenues for H1 2017 increased by 4.1 per cent. Abu Dhabi Islamic Bank announced their results for the first half of 2017. Abu Dhabi Islamic Bank incrased net profit by 14.1 per cent in H1 2017 to AED 1,129.1 million. Group net revenues for H1 …
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Good news! Rents in Abu Dhabi turn affordable for tenants
Slackening demand, oversupply and the ongoing economic uncertainty are weighing on Abu Dhabi’s residential real estate market. This has sent residential sale prices tumbling in Abu Dhabi and rents have also declined in most districts, making the UAE’s …
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