Abu Dhabi: As the UAE makes strides in women’s empowerment, opportunities for Emirati women are exponentially rising, with the newer fields of artificial intelligence, robotics, space and other …
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UAE aid to Yemen in four years stands at $4b
Abu Dhabi: The UAE’s total assistance to Yemen has reached $4.03 billion (Dh14.79 billion) — from April 2015 to September 2018. The aid was provided to meet the basic needs of more than 16.7 …
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UAE-backed separatist leader vows to continue Hodeidah offensive
but the military operation has begun and there will be no going back,” Zubaidi told Reuters news agency in an interview in the UAE capital, Abu Dhabi. “In all the wars across the world, there is alway…
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UAE Minister talks plans to build a ‘Silicon Valley’ of food technology
A ‘Food Valley’, or a technology hub, dedicated to the development of food and farming automation, is set to be built in the UAE. The project aims to address the country’s rapid population growth and …
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UAE leaders congratulate Armenian president on independence day
The United Arab Emirates (UAE) President Sheikh Khalifa bin Zayed Al Nahyan on Friday sent a congratulating message to his Armenian counterpart, Armen Sarkissian, on the country’s Independence Day, lo…
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UPDATE 1-Saudi’s ACWA Power delays plans for IPO – sources
DUBAI, Sept 20 (Reuters) – Saudi Arabian utility developer ACWA Power IPO-ACPO.SE has delayed plans for an initial public offering (IPO), originally envisaged for this year, sources familiar with …
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Airdxb is opening doors to facilitate short-term property rentals in the UAE
Paperwork. It’s at once the most inevitable and most exasperating necessity when it comes to getting things done, especially when it comes to housing matters. From title deeds, memorandums of understa…
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Expats in UAE cash in on weaker home currencies
The three-month period saw a jump of 8.8 per cent in transfers to Dh44.4 billion as against Dh40.7 billion during the same period last year, data from the Central Bank of the UAE data shows. Other top …
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Expat remittances from UAE increase 13% to $23.96bn
Expat remittances from the UAE totalled AED 88 billion ($23.96 billion) in the first half of 2018, a 13.1 percent growth from the AED 77.8 billion ($21.18 billion) recorded during the same period in 2…
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Al Hilal Bank Successfully Closes Landmark $500 Million Sukuk
The transaction, under Al Hilal Bank’s new management team, marks the first Senior Public Sukuk from the UAE since April 2018, and re-opens the Capital markets for GCC issuers. Al Hilal Bank was last …
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Qatar’s Commercial Bank in talks for $1 billion loan
DUBAI, Sept 20 (Reuters) – Commercial Bank, Qatar’s third-largest lender by assets, is in early talks with banks to refinance a $1 billion syndicated loan, sources close to the matter said. The deal w…
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Qatar’s Commercial Bank says targets $750 million loan refinancing
DUBAI, Sept 20 (Reuters) – Commercial Bank, Qatar’s third-largest lender by assets, aims to raise $750 million through a syndicated loan, a bank spokesman said on Thursday. The deal would be the secon…
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Non-oil sector to spur growth in UAE GDP
The UAE’s real gross domestic product (GDP) is poised to grow at 2.3 per cent in 2018, underpinned by an estimated 3.6 per cent year-on-year growth in the non-oil sector in the second quarter, the cou…
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Reasons why your bank account can be frozen in UAE
Though there are a number of reasons for which the UAE residents’ bank accounts could be frozen such as arrest after a serious car accident or financial loss to the employers, but visa change or visa …
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UPDATE 1-UAE central bank trims 2018 GDP growth forecast to 2.3 pct
DUBAI, Sept 19 (Reuters) – The United Arab Emirates central bank has cut its forecast for economic growth this year after non-oil growth slowed slightly in the second quarter, according to a report re…
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Dubai’s high-tech sector attracts $21.7B
Dubai attracted $21.66 billion worth of foreign direct investment in high-end technology transfers in three years to emerge as the top global destination for FDI in technology transfers like artificia…
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UAE connection behind Tamil, Telugu film ‘U-Turn’
Dubai-based industrialist Satyanarayana Bokka has joined a select group of people in the UAE who have ventured into Indian cinema. Bokka, who launched his movie production company under the banner …
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