The UAE central bank (CBUAE) said on Wednesday it was raising its repo rate by 25 basis points, and also raising interest rates on the issuance of its certificates of deposit in line with the increase …
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UAE’s Bank of Sharjah, Invest Bank, UAB in merger plan
The Sharjah government is weighing a merger between three of the emirate’s banks that could create a lender with about Dhs66.2bn ($18.0bn) of assets, sources aware of the matter told Reuters.
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3rd Fintech Summit in Dubai set for Oct 30
The UAE, and Dubai in particular … Operations and Technology, Mashreq Bank. Digital disruption is unavoidable. It’s happening because multiple technologies are rapidly evolving all the time. While t…
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Emirates NBD preps WhatsApp banking services
Emirates NBD, a leading bank in the region, announced today that it will soon launch customised banking services via WhatsApp in the UAE. The bank, a front-runner in digital banking innovation, is the …
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Emirates NBD lifts Dubai, rest of Gulf modestly firmer
Sept 27 (Reuters) – A leap by Dubai’s biggest bank boosted the stock market index sharply on Thursday while most Gulf bourses registered only marginal gains. The Dubai index closed up 1.8 percent, its …
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Dubai index outperforms emerging markets amid Fed hike
Most of the strength to the Dubai index came about due to buying in Emirates NBD, Dubai Islamic Bank (DIB) and Emaar Properties. “The Fed rate decision is broadly positive for all banks …
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Sharjah student wins 3rd Arab Reading Challenge
Dubai: Shamsa Jasim Al Naqbi, a grade 11 student at Um omara Secondary School Sharjah, has been declared the winner of the third Arab Reading Challenge 2018 across the UAE. She beat more than …
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Abu Dhabi to host Tolerance Cricket Cup in October
Abu Dhabi: The Tolerance Cricket Cup 2018 will start in Abu Dhabi from October 4, the organisers announced on Wednesday. Sixteen teams comprising 300 players from more than 20 nationalities will …
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Japan guest of honour at Sharjah book fair
Sharjah: Japan has been announced as this year’s guest of honour at Sharjah International Book Fair (SIBF), which will run from October 31 to November 10 at Expo Centre Sharjah. SIBF’s …
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Dubai property prices, rents continue to fall in Q3
Dubai villa and apartment rental rates maintained a downward trajectory during the third quarter of 2018, reflecting a trend observed over the past quarters, a new report by Asteco has revealed. Rents …
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Don’t fall for these fake Dubai job ads on social media
They also posted job vacancies for Citymax Hotel Bur Dubai and Dubai Airports, among others. Gulf News also received confirmation from Dubai Airport that the job postings were not authorised by them.
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Joint ventures can be a win-win in Dubai’s real estate
In anticipation of the World Expo 2020 and as part of the broader UAE vision 2021, the Dubai real estate market has experienced an increase in the use of joint venture arrangements between foreign …
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Dove-eating Grey Heron one for UAE record books
Dubai: For the first time in the UAE … “It is a very unusual thing,” Dr Khan told Gulf News on Wednesday. “I’ve never seen this before in this country. I couldn’t believe my eyes.”
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The How-To: Financial Literacy Education For Employees
The employee perspective According to Willis Towers Watson’s 2017 Global Benefits Attitudes Survey on Financial Wellbeing in the United Arab Emirates (UAE), overall employee financial wellbeing has fa…
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Big majority of finance firms ‘plan fintech tie-ups’
Eighty-two per cent of financial services companies plan to increase fintech partnerships in the coming three to five years, with an expectation of 20 per cent ROI on their innovation projects, said t…
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This Investor Was the Star of Dubai. Now It Can’t Make Rent
Dubai International Financial Centre told Abraaj to vacate its main office in the financial freezone by the end of the month, the people said, asking not to be identified as the information is private …
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UAE forges ahead with integrated blockchain payment platform
The Dubai Department of Finance controls the transactions on DubaiPay and is looking to enhance efficiency by transferring all transactions onto the blockchain. Rahman added that “There is no real …
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