The UAE Central Bank on Sunday said it was closely monitoring financial developments at Sharjah’s Invest Bank after the emirate’s government said it would take a majority stake. The state …
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UAE central bank says to support Invest Bank with all available liquidity facilities
DUBAI, Dec 16 (Reuters) – The central bank of the United Arab Emirates (UAE) said on Sunday it stood ready to extend “all the available liquidity facilities” to struggling Invest Bank . The central ba…
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Dubai Investments unit said to hire HSBC, Citigroup for sukuk
Dubai Investments Park Development, which develops and manages property for the holding company, is also working with First Abu Dhabi Bank, Emirates NBD and Dubai Islamic Bank to place the five-year n…
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Dubai’s biggest bank embraces Google Pay technology
Emirates NBD, Dubai’s biggest bank, has announced that its debit and credit card customers can now pay via Google Pay. As contactless payments gain popularity in the UAE, the bank, which is investing …
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Souq.com opens Dubai centre that will create 600 jobs
Souq.com, the e-commerce platform Amazon bought for $580 million (Dh2.13 billion) last year, has opened a centre in Dubai that will create 600 jobs as the company continues to expand its footprint and …
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Gemini Property Developers to expand marketing activities to India at conclusion of Dubai Property Show Mumbai
Dubai, UAE: Gemini Property Developers, at a successful conclusion of Dubai Property Show Mumbai by Dubai Land Department, has planned the expansion of its marketing activities in India. High pan Indi…
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Dubai’s Careem launches delivery service, expects to close funding round soon
It plans to spend over $150m developing the delivery business, starting with food delivery services in Dubai and Jeddah. “Once you see us prove the model in the UAE (United Arab Emirates …
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UAE public holidays 2019 full list
With the end of 2018 just around the corner, it’s time to start marking your calendars with dates of 2019’s public holidays in the UAE. Exact dates of Islamic celebrations vary every year depending on …
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Cirque du Soleil is coming to the UAE
Roll up, roll up. Circus showcase Cirque du Soleil is coming to the UAE for the first time next year and it’s bringing a whole host of breathtaking stunts. The world-renowned theatrical hit is taking …
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Dubai FDI showcases Dubai’s strategic advantages in Spain
Spanish investors show strong interest in the construction, technology and equipment sectors in Dubai Previous investments focused on tourism reached USD 500 million this year In a bid to further boos…
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UAE dismisses baseless Germany’s former FM statements over Qatar
In 2017, a news agency and other media outlets related to Qatar have reported that the White House said American President Donald Trump succeeded in preventing a Saudi-UAE military attack against …
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Abu Dhabi to offer homes for sale for mid-income earners to encourage property ownership
Downtown Abu Dhabi is home to the buildings which define the nation’s unique skyline. Image Credit: Thinkstock Abu Dhabi: A slew of development projects is set to change the nature of the housing mark…
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If you ever wondered what life will be like when climate change makes outside unlivable, Dubai can give you a good idea
As Business Insider’s Kevin Loria summed up … particularly in places already vulnerable to high temperatures. As I hung out in Dubai last month, it struck me that the city’s severe climate and its a…
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Hyatt Announces Plans for Andaz Dubai La Mer
CHICAGO–(BUSINESS WIRE)–Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a management agreement with wasl Asset Management Group, one of the largest real es…
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UAE in space tourism talks with Virgin Galactic
A senior official has revealed that “advanced talks” are underway with Virgin Galactic about operating space flights from the UAE. It means that commercial passengers paying $250,000 (Dhs918,000) each …
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Abu Dhabi Airports Celebrates the Winter Season with Exclusive Offers
peak travel season during the winter holidays, Abu Dhabi Duty Free has introduced a wide range of enticing retail offers and tantalizing dining experiences that promise to put visitors throughout Abu …
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UAE Based SHUAA Capital’s Acquisition of Kuwait’s Amwal International Investment Co. To Drive MENAT Region Expansion Roadmap
DUBAI, United Arab Emirates–(BUSINESS WIRE)–SHUAA Capital, the UAE’s premier financial services Group, is pleased to announce the commencement of its post-acquisition integration and consolidation e…
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