Bahrain’s state-run news agency said late Monday that Qatari fighter jets passed underneath an Emirati plane with a tail number corresponding to an aircraft flown by the ruling family of Fujairah, one of the UAE’s seven emirates. The report said the …
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Dubai aspires to be ‘first city to democratise travel’
Dubai will be the first city to embark on the journey of democratising travel through the use of emerging technologies as it adds an additional distribution channel for hotels in its first phase. Launched at the World Government Summit by HH Sheikh Hamdan …
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Rising interest rates to support UAE bank profitability
Dubai: Increase in interest rates, combined with improving local economic growth, is expected to support the profitability of local banks through improved loan yields, bankers and analysts have said. Last week, the Central Bank of the UAE raised interest …
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Dubai finance firm hires ex-Emirates NBD CEO to lead Brexit charge
Lumina, the Dubai-based specialist corporate finance firm … is best known in the Middle East financial world as Group CEO of Emirates NBD. Pudner led the bank through the completion of one the region’s largest mergers. George Traub, managing partner …
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Less than a third of UAE investors trust their financial advisers, CFA survey shows
While over half of UAE investors use a financial adviser, less than a third consider them trustworthy, according to a new study from the CFA Institute on trust in the country’s financial services sector. Fifty-four per cent of UAE investors polled by the …
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Tesla taxis a big hit in Dubai
Dubai: Dubai’s fleet of Tesla luxury cabs have proven to be a huge hit among commuters, clocking 2.1 million kilometres since its launch last year. According to the Roads and Transport Authority (RTA), 75 more Model S sedans and Model X SUVs by Tesla …
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Dubai police arrest 5 drug dealers, seize 20kg heroin
Five people have been arrested for possessing 20 kg of heroin in a sting operation, Dubai Police said on Tuesday. Carrying out swift undercover operation, the Anti-Narcotic Department of Dubai Police arrested the drug dealers red handed in a Dubai hotel …
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Dubai’s non-oil trade with South Korea rises to $7.4bn
Of the total, AED22.1 billion were in imports, AED 4.47 billion in exports and AED866 million in re-exports, state news agency WAM reported. It said South Korea is Dubai’s eighth biggest trade partner in imports and ninth in exports. The figures have …
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UAE says Qatari fighter jets flew dangerously close to 2 civilian aircraft
Two Qatari fighter jets flew dangerously close to two civilian aircraft from the United Arab Emirates, according to UAE’s state news agency. UAE deemed it a “provocative action.” The UAE aircraft was forced to fly at a higher altitude. Two Qatari fighter …
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UAE and South Korea mark completion of nuclear reactor
Abu Dhabi’s Crown Prince and Commander of the Armed Forces, Sheikh Mohammed bin Zayed, and President of South Korea, Moon Jae-in, have celebrated the completion of the UAE’s first nuclear reactor. The two dignitaries visited the Barakah power plant …
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UAE says Qatari fighter jets flew close to civilian aircraft
UAE state news agency WAM quoted its civil aviation authority as saying. WAM said the General Civil Aviation Authority had condemned the “provocative action”, which it said followed two similar incidents that had been reported by the UAE to the …
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How the UAE’s Effort to Turn Trump Against Qatar Became a Focus of Mueller’s Investigation
Qatar and UAE have also exchanged allegations of politically motivated hacks. Scores of Broidy’s emails and documents have leaked to news organizations, drawing attention to his relationship with Nader. Broidy has alleged that the hack was done by Qatari …
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UAE says its first nuclear reactor is complete
The announcement came after visiting South Korean President Moon Jae-in and Abu Dhabi Crown Prince Mohammed bin Zayed toured the $20-billion Barakah plant, the state-run WAM news agency reported. The plant west of Abu Dhabi is being constructed by a …
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Witness in Mueller probe ‘aided UAE agenda in US Congress’
Qatar and UAE have also exchanged allegations of politically motivated hacks. Scores of Broidy’s emails and documents have leaked to news organisations, drawing attention to his relationship with Nader. Broidy has alleged that the hack was done by Qatari …
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Don’t write off paper bank statements in the UAE just yet
Electronic bank statements have their virtues – from saving trees to keeping your desk uncluttered – but they can also be easy to forget. While UAE customers can still have their statements delivered by post, they will now find themselves in the minority.
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UAE Banks Federation’s Board of Directors Approves Key Initiatives and Priorities for 2018
Presided over by HE Abdul Aziz Al Ghurair, Chairman of the UAE Banks Federation, the meeting discussed the latest developments in the banking sector and evaluated the progress of UBF initiatives that aim to further protect customers and banks against cyber …
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Dubai bank pursues 2 UAE fugitives
The pair allegedly fled their country, United Arab Emirates (UAE) after borrowing the money from Doha Bank, Dubai. The bank issued the summons against the pair early this month and the respondents have entered their appearance to defend the case in Harare.
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