Dubai, UAE – The Emirates Institute for Banking and Financial Studies (EIBFS) has announced that the registrations are now open for its specialised banking and finance focused training programs and co…
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Dubai Islamic Bank : District cooling firm Empower settles $728m loan and targets zero debt
Emirates Central Cooling Systems Corporation (Empower), a Dubai-based district cooling provider, paid loans totalling $728 million (Dh2.67 billion), enabling it to have zero debt by the end of the yea…
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Mideast Stocks: Global market woes hurt Gulf, merger talk sends Riyad Bank to 4-year high
reaching a four-year high after saying it was in merger talks with National Commercial Bank (NCB). The Dubai index was the sole gainer of the session, inching up on the back of rises in its banking sh…
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Proposed bank merger in Abu Dhabi could lead to 1,000 job cuts – report
… the combination of National Bank of Abu Dhabi and First Gulf Bank last year to create a lender with $175bn of assets. The UAE Banks Federation said in an annual report released in late August …
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UAE property prices fell to more affordable levels in 2018
Expat property purchasers in the UAE had a good 2018 as residential property values dropped to more affordable levels. Real estate in the UAE over the past year was predominately priced in favour of c…
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United Arab Emirates reopens embassy in Syria
The United Arab Emirates reopened its embassy in Damascus on Thursday for the first time in seven years in a move intended to counter Iranian and Turkish influence in Syria. The decision by the UAE, w…
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UAE Ministry of Finance launches Sheikh Zayed e-book initiative at elementary schools
Ministry of Finance had created the e-book to celebrate the vision and the life of a great leader who played a pivotal role in building and developing the UAE. Dubai: The Ministry of Finance recently …
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Happy New Year: No fee hikes, new taxes in UAE
The UAE Ministry of Finance has affirmed that no new fees or additional taxes would be introduced in the coming years. The Ministry of Finance has also confirmed that the government plans to spend mor…
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Shares in GFH Financial continue rebound, analyst says “stock is oversold”
GFH was the most actively-traded stock on the Dubai market, as company’s shares rise for second day in a row Shares in GFH Financial Group rose for the second session in a row on the Dubai Financial M…
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Dubai’s penny stocks see mild traction
witnessed buying in the last hour of trade in Dubai, led by a Gulf Finance House (GFH) recovery after traders saw positive movement in US futures. GFH closed more than 5 per cent higher to end at …
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UAE Minister of Finance, Bahraini counterpart discuss mutual cooperation
H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, and Sheikh Salman bin Khalifa Al Khalifa, Bahraini Minister of Finance, have discussed cooperation between the …
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UAE: ICO Regulations by Mid-2019 Could Propel the Country’s Cryptocurrency Ecosystem
Notably, the SCA will work with the Abu Dhabi Securities Exchange and Dubai Financial Market towards the development of trading platforms for ICOs in 2019. Andrea Bonaceto, CEO of Eterna Capital, shar…
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UAE expat poll shows dissatisfaction with financial advice
Just as the UAE’s finance ministry launches new regulations, a poll of expatriates has revealed 32 per cent don’t trust IFAs. The CFA Institute study centred on the trustworthiness of financial adviso…
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UAE reopens embassy in Damascus, Syria
On Thursday afternoon, UAE’s charge d’affaires Abdul-Hakim Naimi visited the embassy and witnessed his country’s flag being raised again on the compound in central Damascus. In this photo released by …
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UAE to reopen its embassy in Damascus, Syrian state media say
The United Arab Emirates is set to reopen its embassy in Damascus on Thursday, the Syrian Information Ministry said, a move that would mark a big diplomatic boost for President Bashar al-Assad from an …
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UAE reopens Damascus embassy after seven years
Damascus (AFP) – The United Arab Emirates reopened its embassy in Damascus Thursday, the latest sign of efforts to bring the Syrian government back into the Arab fold. The UAE broke ties with Syria in …
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UAE Reopens Syria Embassy, in Boost for Assad
DAMASCUS/DUBAI (Reuters) – The United Arab Emirates reopened its embassy in Damascus on Thursday, marking a big diplomatic boost for President Bashar al-Assad from a U.S.-allied Arab state that once b…
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