Bank ABC’s decision to open a branch in the DIFC comes as part of its plan to expand its international network, which already spans 18 countries in five continents. “We are pleased that the Dubai Financial Services Authority (DFSA) has granted Bank ABC …
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Expo 2020 Dubai teams up with DEWA to develop sustainability
DEWA will provide Expo 2020 Dubai with electricity and water from October 2020 to April 2021, excluding the electricity that will be generated at Expo’s site; Expo 2020 Dubai aims to have 50 per cent of its power needs supplied from a variety of …
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Dubai Stocks: First Gulf Bank (FGB:AD) Consolidating
Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are ranging. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 13.13. The projected lower bound is: 11.86.
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Transparent SME-bank relationship key to healthy entrepreneurship environment
Opening the discussion, Abdul Aziz Al Ghurair, Chairman of UAE Banks Federation (UBF), said transparent SME-bank relationship is key to nurturing healthy entrepreneurship environment in the UAE. “It is clear that there is a need for the financial sector to …
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Banque Internationale à Luxembourg strengthens its operations in Dubai
is accelerating its growth in the Middle East by recruiting a number of experienced professionals for its Dubai branch. The bank will further develop its business and improve the servicing of clients in the Gulf Cooperation Council (GCC) region.
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Abu Dhabi Financial Group to maintain growth strategy
The Abu Dhabi Financial Group (ADFG), an alternative investment company with US$5 billion in assets, will maintain its growth strategy this year after a busy 2016 that included investments in banking and property. The company doubled its revenue last year …
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UAE wants closer trade ties with Asia and Africa, says government official
The UAE wants to see free trade agreements between the Gulf Cooperation … “What we need to do is connect our business community with business communities in these countries.”
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UAE world’s fastest growing market for theme parks: IAAPA
“The UAE theme parks are on the cutting-edge of leveraging real-time information management technology to enhance the visitor experience. Millions of visitors will be able to use mobile apps to determine the ride wait period and order concessions …
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Dubai to get world’s first 3D-printed skyscraper?
Late last year, the Dubai government announced its 3D Printing Strategy, which aims to see 25 per cent of buildings in the city constructed using 3D printing technology by 2030. The UAE is already home to the world’s first functional 3D printed office …
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UAS payload design challenge for UAE teams
In-line with the UAE’s strategic human capital development goals, the competition aims to encourage local engagement within the Science Technology Engineering and Mathematics (STEM) fields by introducing UAE youth to fun, inspiring activities that …
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Dubai shuts 8,894 'fake' social media accounts
“Social networking accounts have come in handy for many who trade in counterfeit goods nowadays but the electronic compliance section maintain tight vigil to prevent such misuse of modern technology and protect the reputation of Dubai as a competitive …
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Student unmanned aerial systems competition launched
Robert Harward, chief executive of Lockheed Martin UAE, said: “It is important that industry leaders provide the next generation with opportunities to learn about unmanned systems and to develop their skills in this important technology.” Fatima Al …
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Fire, Flesh & Blockchain: Dubai Sees Digital Truth as Economic Enabler
“We as a government know very little about this technology. We focus on running the city.” The statement comes halfway through my talk with Mohammed Shael Al Saadi, the man in charge of economic development for the city of Dubai, and who’s leading the …
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ALE and Emirates Academy ink MOU to create tech education module
She added: “Our partnership allows the students to gain knowledge that they will need to work in this market, to maintain the UAE’s position as a global leader in hospitality in the future. Rapid evolutions in technology mean greater guest expectations …
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Dubai's DED shuts down nearly 10,000 social media accounts
“Social networking accounts have come in handy for many who trade in counterfeit goods nowadays but the Electronic Compliance section maintain tight vigil to prevent such misuse of modern technology and protect the reputation of Dubai as a competitive …
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Abu Dhabi tenants in limbo over Tawtheeq system
ABU DHABI // Property agents say they have hundreds of tenants left waiting without power because of a fault in the Tawtheeq housing registration system. More than three weeks after the latest computer system was introduced, residents are still spending up …
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Business Bay springs to life with Truckers DXB
Dubai Properties Group (DPG) latest waterfront destination, Marasi Business Bay, transformed itself into an eclectic foodie delight from March 9 – 11, in collaboration with the Dubai Food Festival. The destination hosted 20 food trucks curated by Truckers …
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