Dubai bank Mashreq will be launching a new digital bank this year, its CEO Abdul Aziz Al Ghurair confirmed on Wednesday. Speaking to reporters, Al Ghurair said the new lender would provide all the regular banking services but have “no branches”.
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Al-Nahyan trial: UAE princesses accused of servant abuses
They brought with them from the United Arab Emirates a retinue of more than 20 servants whom they are accused of holding in conditions close to slavery. Victims allege they were prevented from leaving the hotel and forced to eat the princesses’ leftovers.
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Report highlights UAE business opportunities
The opportunities and attractions currently being offered in the UAE to businesses have been highlighted in a recent report released by the UAE Ministry of Economy’s commercial attaché office in Washington, US. The report, which was developed with the …
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Steigenberger Hotel Business Bay, Dubai
Free WiFi , Free wired high-speed Internet Steigenberger Hotel Business Bay, Dubai offers 353 air-conditioned accommodations with minibars (stocked with some free items) and laptop-compatible safes. Beds feature premium bedding. 40-inch LED televisions …
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Mashreq celebrates 50th Year as the most progressive bank that enables possibilities through innovation
Mashreq Bank, the UAE’s oldest privately owned bank, is celebrating its 50 year anniversary in the United Arab Emirates today at the Dubai Opera. With 50 years of achievements, the bank is the market leader when it comes to product and service innovation …
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Fund led by Dubai billionaire Alabbar buys UAE website JadoPado
DUBAI May 11 United Arab Emirates e-commerce and online marketplace website JadoPado has been acquired by a technology fund led by Dubai billionaire and Emaar Properties chairman Mohamed Alabbar, his spokesperson said in a statement to Reuters on Thursday.
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Here are the top Indian business leaders in the Arab world
Vipul, the Consul-General of India in Dubai, was present at the event. For the first time, the awards event also recognised the next-generation business leaders who are carrying on the legacy of their family businesses. Unlike the 2016 ranking, Forbes …
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Whole Foods board overhaul fails to satisfy activist Jana: source
While the hedge fund appreciated the board overhaul and the operating experience … head of event-driven research at Gordon Haskett. DUBAI/MILAN/PARIS (Reuters) – The naming of a new boss at Etihad Airways presents the Gulf carrier with an opportunity…
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Plummeting Room Rates Threaten Profit Levels at Abu Dhabi Hotels
Despite room occupancy levels at hotels in Abu Dhabi remaining above 80 per cent this month, the relentless decline in achieved average room rate is threatening both top and bottom line performance levels, according to the latest data from HotStats.
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Agricultural Bank of China starts RMB settlement in UAE
ABC said in a media statement at the opening ceremony that the new branch is to improve ABC’s global settlement business, contribute to internationalization of yuan, and support the Belt and Road Initiative. Its Dubai Branch will provide diversified …
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Manipulation’s Persistence and Comex’ Demise
Dubai has historically been a central hub for gold trading … So feel free to fire a couple traders and seed their new hedge funds. Then do all your deals with them via a closely held Singapore shell in which you control the voting shares.
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Outlook for Dubai and Abu Dhabi property markets remains soft
Property prices and rents continue to fall moderately in Dubai with the latest analysis report projecting a further softening of the residential real estate markets in the months ahead. In the first quarter of 2017, quarterly apartment lease rates fell by …
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Abu Dhabi Crown Prince to meet Trump at White House
US President Donald Trump will host His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, next week, the White House said on Tuesday. White House press secretary Sean Spicer said …
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UAE drops new hints on its mysterious plan to join the ‘new space race’ and build the first CITY on Mars by 2117
… Crown Prince and Deputy Supreme Commander of the UAE Armed Forces. The project will explore how people can get to Mars and how to create food and energy on the red planet, according to Gulf News. A virtual presentation was made at the same time as the …
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Abu Dhabi Crown Prince the Next Arab Leader to Meet With Trump
US President Donald Trump will meet with Abu Dhabi’s Crown Prince Sheikh Mohamed bin Zayed al-Nahyan next week in Washington, the White House announced on Tuesday. The meeting on May 15 with the prince, who is also the Deputy Supreme Commander of the UAE’s …
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Why you should invest in Dubai’s real estate…
It does seem surreal for boundless vistas of desert to co-exist with some of the planet’s most magnificent property and man-made waterways. To its credit, Dubai has made this seem less like a paradox. This megapolis of 2.7 million people is rapidly growing …
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Digital investment fund plans to raise $300m
Alphabit is registered in Dubai and the Cayman Islands. Fees include 2.5% for management and 45% for performance. The latter will only apply if the fund outperforms the price of Bitcoin, said Robertson, a former currency trader at hedge fund Light Peak …
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