The annual report for the 2017-18 financial year was released Thursday showing the Abu Dhabi-owned club made a profit of 10.4 million pounds. City’s revenue has increased 44 percent in five years, fue…
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Abu Dhabi-owned Manchester City set sights on more glory after breaking through £500 million revenue barrier
“Our aim is obviously to build on the achievements of the last year,” Al-Mubarak (pictured below), City’s chairman since the club was bought by the Abu Dhabi United Group in 2008, said in a statement. …
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UAE FA to decide on the future of coach Alberto Zaccheroni ‘within days’
a UAE FA official has told Arab News. Despite Tuesday’s 3-0 win over lowly Laos during the team’s Spanish training camp, question marks still hang over “Zac.” Disquiet has been growing in Abu Dhabi ov…
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Relam Investment Launches HETACHAIN ICO Based on 3rd Generation Blockchain Technology
DUBAI, United Arab Emirates–(BUSINESS WIRE)–Sep 13, 2018–Relam Investment has officially launched its 3 rd Generation Blockchain technology ecosystem – HETACHAIN – and its ICO. The global launch st…
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UAE banking sector tops in GCC with H1 assets surging to Dh2.7t
The UAE banking sector, currently undergoing a new cycle of consolidation, continues to surpass GCC peers in terms of total assets that had surged two per cent to Dh2.7 trillion ($748 billion) in the …
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Profitability among top UAE banks continues to improve in Q2
Global professional services firm Alvarez & Marsal (A&M) said in its latest UAE Banking Pulse that operating income and net interest margins were significantly higher than in the previous quarter. Com…
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UAE banks lead Gulf peers with $748bn in assets
The UAE banking sector has continued to top other GCC counterparts in terms of assets value during the first half (H1) of 2018, with a total value of Dh2.7 trillion ($748 billion), a growth of 2 per c…
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Five things to know about the GCC banking mergers
Emirates NBD: In 2007, Emirates NBD was born when Emirates Bank International (EBI) and the National Bank of Dubai (NBD) – the UAE’s second and fourth largest banks – merged to become the most signifi…
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UAE banks continue to lead Gulf peers with $748bn worth of assets
The UAE banking sector has continued to top other GCC counterparts in terms of assets value during H1 2018, with a total value of AED2.7 trillion (US$748 billion), a growth of 2 percent compared to th…
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Dubai financial regulator appoints new chief executive
Dubai Financial Services Authority … which provides a forum for deepening Switzerland’s Basel Committee on Banking Supervision’s engagement with country heads. Bryan Stirewalt will take over from Mr …
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UAE Food Bank signs partnership agreement with ‘Regional Food Banks Network’
DUBAI, 11th September, 2018 (WAM) — The UAE Food Bank signed a strategic partnership agreement with the “Regional Food Banks Network,” in light of the UAE’s keenness to promote social responsibility …
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AVP Risk Infrastructure – Huxley Banking & Financial Services – Dubai Jobs
My client one of the leading banks in UAE are looking to hire an AVP Risk Infrastructure to join their team. This is a Group Risk function responsible for functional ownership and execution responsibi…
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UAE Property Market Accounted for USD 74.3 billion in 2016
According to Goldstein Research, UAE property market is expected to reach USD 132.5 billion by 2024 from USD 74.3 billion in 2016, growing at a CAGR of 7.4% over the forecast period 2016-2024. Major d…
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Dubai developer warns against off-plan freebies
Big names in Dubai real estate are coming out to warn against the practice of aggressive off-plan incentives being offered by smaller private developers. The latest to issue such a warning is P.N.C. M…
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Millennials starting to climb the property ladder in Dubai
Millennials all across the world are starting to make their way onto the property ladder, driving a major first-time buyer market increase. It seems that Millennials, often referred to as generation Y …
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Dubai’s real estate model has been reliant on the influx of immigrants, not on debt
In recent months, there has been a steady expression of concern that has been expressed regarding the real estate market and the supply pipeline. Given the relative sluggish demand, there has been som…
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New deal to promote Dubai real estate in France
Dubai Land Department (DLD) signed a memorandum of understanding (MoU) with the Reed Midem SAS, a France-based provider of international B2B events and exhibitions, to promote the services offered by …
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