McKinsey’s latest research reveals that at least 80 per cent of urban consumers in the UAE now prefer to do a portion of their banking through digital channels. The new digital banking experience is about agility, mobility, connectivity, efficiency and …
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UAE Ministry issues stern warning over skipping school
Dubai: The pupils’ attempt to cut classes during exam week has not escaped the eye of authorities. The UAE Ministry of Education has issued a warning to children about missing school, and emphasised that pupils walking around the city during exam week is …
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Personal finance in the UAE: Residents track finances better but struggle with saving and debt
While UAE residents are keeping better tabs on their finances with fewer living beyond their means, saving and staying on top of debts is now a struggle, a new personal finance index from Abu Dhabi Islamic Bank has revealed. According to the bank’s …
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UAE’s credit profile reflects support from hydrocarbon reserves
The UAE’s very high fiscal strength reflects the country’s record of large fiscal surpluses and build-up of very large financial assets in Abu Dhabi’s sovereign wealth fund (ADIA). Although the general government fiscal position deteriorated significantly …
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Artificial intelligence set to add $182bn to UAE economy by 2035
Artificial intelligence (AI) technology may boost the UAE’s economy by 1.6 percent and add $182 billion to its economy by 2035, according to a new report by Accenture. The report – which examined 15 industries in the UAE and 13 in neighbouring Saudi …
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Longer Visas Could Prop Up Sickly U.A.E. Property Markets
As homebuilders in Dubai and Abu Dhabi think up extravagant incentives to shake the property market out of its long slumber, the government will offer potential buyers something the companies can’t: the right to stick around. A decision to extend visas …
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Abu Dhabi-born World Championship silver medallist Besbes eyeing elusive Olympic medal
Since being a small child growing up in Abu Dhabi to spending my time training all alone in France I have always dreamt about having an Olympic medal around my neck. I feel this dream can come true in Tokyo,” Besbes told Gulf News after easing into the f …
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UAE banks can withstand ‘severe yet plausible deterioration’
Dubai: The UAE’s banking system has “sufficient capacity to withstand a severe yet plausible deterioration in macroeconomic and financial market conditions,” according to the country’s central bank. The assessment comes after banks in the UAE …
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Technology in focus at Emirati nursing forum
Speaking to attendees, Dr Yousuf Al Serkal, assistant undersecretary for hospitals at the Ministry, said the automation of nurses is a vital goal for the UAE. The Ministry therefore seeks to train nurses to use medical information technology to improve the …
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Abu Dhabi Commercial Bank : ADM Urges Property Developers To Expedite Registration Of Real Estate Development Projects Under Law /3/ For 2015
The Abu Dhabi City Municipality has called upon property developers to expedite the registration of their real estate development projects under the Real Estate Regulatory Law No. 3/2015. A statement to this effect was made during a meeting with escrow …
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New visa and investment rules in UAE: Your queries answered
How did the UAE markets react to the news? Markets in the UAE rallied yesterday on the news, led mainly by property stocks: Shares of DAMAC and Aldar Properties both jumped over one per cent. Traders said the Cabinet decision will give comfort to investors …
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Dubai Airports to save 20% on annual energy bill with Siemens solution
Dubai Airports will use Siemens’ data analytics and smart building technology to guarantee annual energy savings of almost 20 percent per year at Dubai Airports’ facilities, by implementing energy efficiency measures at Terminal 1, Terminal 2 …
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UAE’s 10-year visa expected to boost property market
The UAE’s property market is expected to be a key beneficiary of a new 10-year visa system announced on Sunday, investors and developers said. Trading of property stocks rose in Dubai and Abu Dhabi in early trading on Monday, with Dubai’s Emaar …
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Dubai Airports to cut energy costs with new Siemens tech
Dubai Airports will use Siemens’ data analytics and smart building technology to guarantee annual energy savings of almost 20 per cent per year at Dubai Airports’ facilities, by implementing energy efficiency measures at Terminal 1, Terminal 2 …
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Prabhas on spending four weeks in Abu Dhabi
Even Karan called me saying that some false news is out. We don’t have any bad blood. We have a very good rapport because we worked for four years in Baahubali. I like him as a director and Kuch Kuch Hota Hai is one of my favourite movies.” Abu Dhabi is …
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New schemes suggest Abu Dhabi market has bottomed out
With a slowing rate of capital value decline across the UAE in the first quarter of 2018, developers of high-end homes in Abu Dhabi appear to be sensing a bottoming of the market and are pressing ahead with new schemes, according to international real …
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MIDEAST STOCKS-UAE’s visa move for investors boosts Dubai property stocks
DUBAI, May 21 (Reuters) – Property stocks in Dubai and Abu Dhabi rose in early Monday trading after the United Arab Emirates approved a system to grant residency visas of up to 10 years to investors and specialists. Emaar Properties rose 4 percent and …
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