Dubai Islamic Bank announced the successful pricing of the largest senior Sukuk issuance by a financial institution globally. The US$ 1 Billion Sukuk was issued with a 5 year tenor, maturing on 14 th February 2022. The issuance under DIB’s USD 5 billion …
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Abu Dhabi stats: 19 dead, 155 injured from quad bikes
Abu Dhabi: The traffic police’s latest figures has revealed that in 2016, the capital recorded 174 bike accidents that left 19 dead and 155 people with injuries. Statistics issued recently by the General Directorate of Traffic at the Ministry of Interior …
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Property resale registration fees are illegal in Abu Dhabi
I have a question on the topic of developers’ so-called registration fees on resales. I am buying a villa in Abu Dhabi and the developer is charging a whopping 5 per cent fee for the resale registration. I was under the impression that this was made …
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Basics You Need to Know about Investing in Dubai Property
Many people are interested in investing in Dubai property but do not know how or where to start. And most likely, they are not aware of the available investment options. With more than $1 trillion expected to have entered the global real estate market in …
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Dubai welcomed record 14.9M visitors in 2016
Dubai welcomed a record 14.9 million visitors in 2016, the city’s tourism department said Tuesday, as the Gulf emirate capitalised on its reputed safety in a region wracked by turmoil. The city-state, one of seven sheikhdoms that make up the United Arab …
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Why you must mull buying property in Dubai this year
After an exacting year of 2016, the Dubai real estate market is expected to soften in 2017. However, Dubai prevails as the number one property market in the Middle East, while being ranked 23rd on a global scale, according to consultancy CBRE. The market …
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DED allies with International Live Events Association to strengthen business community engagement
The MOU is part of the efforts to involve the business community groups to support the growth of strategic economic sectors, in line with the mandate of DED. The main objective of the BCE initiative is to add value to Dubai’s economy by activating more …
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Bank promises backing for grassroots events
Dubai: The chief executive officer of the Commercial Bank of Dubai (CBD) has reiterated the community aspect of backing an important sporting event like the recently-concluded Dubai Tour. One of the UAE’s premier banks, CBD has been a sponsor of the …
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Two students travel 12,000km for internship at Gulf News
Dubai: Two media students have travelled over 12,000km for an internship at Gulf News. But what’s driving young people like them to the UAE? Alison Xiao, 20, and Natassia Chrysanthos, 21, students at the University of Sydney, Australia, are in their …
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Why you must mull buying property in Dubai this…
After an exacting year of 2016, the Dubai real estate market is expected to soften in 2017. However, Dubai prevails as the number one property market in the Middle East, while being ranked 23rd on a global scale, according to consultancy CBRE. The market …
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Dubai Properties awards contract for 1/JBR project
Dubai Properties (DP) has awarded Dubai Contracting Company (DCC) the contract for its 1/JBR residential project, the developer announced at a recent press event. The agreement was signed by Abdulla Bin Lahej, group CEO, Dubai Properties and Ian Harper …
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Abu Dhabi looks for spark in residential sector
Abu Dhabi’s real estate market witnessed a continued slowdown last year, triggered by the decline in oil prices and subsequent impact on government spending, and consolidation of businesses across various sectors. Against this backdrop of macroeconomic …
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UAE bank NBAD aims to double size of debt programme to $15 bln
DUBAI, Feb 7 (Reuters) – National Bank of Abu Dhabi (NBAD) said on Tuesday it will seek shareholder approval to double the size of its euro medium term note programme to $15 billion from the existing level of $7.5 billion. Shareholders will discuss the …
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Economy class passengers can now buy their way into Emirates' luxurious first class and business lounges for as little as $130
The airline are now giving members of its loyalty programme and their guests access to its luxury lounges at Dubai International Airport. The business lounge features a health hub, an exclusive first-of-its-kind Moët & Chandon champagne lounge as …
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Dubai's Government Launches Blockchain Trade Finance Trial With IBM
Dubai’s government is testing blockchain tech for trade finance in partnership with IBM. Dubai Customs, the emirate’s customs office, and Dubai Trade, an electronic trade services hub operated by the government, are helping spearhead the initiative …
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Dubai Properties Dh1b tower on track; to complete in 2019
Work is steadily progressing on Dubai Properties’ (DP) Dh1 billion 1/JBR tower, which is on track for completion in Q4 of 2019. Located at the entrance to Jumeirah Beach Residence, 1/JBR is a 46-story residential tower, with panoramic views of the Dubai …
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Why international interns choose Dubai
Dubai: Two media students have travelled over 12,000km for an internship at Gulf News. But what’s driving young people like them to the UAE? Alison Xiao, 20, and Natassia Chrysanthos, 21, students at the University of Sydney, Australia, are in their …
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