Wearing a prosthetic left arm, he became a crowd puller at Dubai Municipality’s Car Free Day celebrations when he reached the venue with a placard in his right hand. Gulf News spotted Javed walking along with the employees and officials of Dubai Economy …
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Gulf Bank Wins ‘Best Retail Bank’ and ‘Best Mobile Banking App’ Kuwait Awards From International Finance Magazine
Gulf Bank is pleased to announce it was honoured with two awards at the 5 th Annual International Finance Awards ceremony held earlier this month in Dubai, UAE. Accepting the award for ‘Best Retail Bank in Kuwait – 2017’ was Mr. Basel Al-Assad …
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UAE banks upbeat about 2018
DUBAI — The banking sector is looking to pounce on the expected faster economic growth of United Arab Emirates this year. Banks are expected to raise lending by about 4 percent to 6 percent this year as Dubai continues its massive preparation for the …
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Here’s why lenders in UAE are upbeat about growth in 2018
First Abu Dhabi Bank expects its loan book to grow by a mid-single digit per cent this year compared with a 1 per cent decline in 2017. Dubai’s biggest lender Emirates NBD also sees a mid-single digit percentage growth compared with a 5 per cent increase …
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Dubai Islamic Bank issues $1bn Islamic bond
Dubai Islamic Bank (DIB) said it has successfully issued a $1-billion sukuk (Islamic bond) with a five-year tenor, maturing on February 6, 2023 on the back of the bank’s strong financial performance and attractive market positioning. The issuance …
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Will my bank account be frozen when my residence visa is cancelled?
I do not have any loans or credit card debts outstanding in the UAE but have some money saved at a local branch of a major bank. Will my bank account be frozen, or can I leave the cash in it? NK, Abu Dhabi When a bank finds out that someone has received a …
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Embracing artificial intelligence: Do UAE banks have a choice?
Furthermore, AI has accelerated automation in the banking sector. Banks can achieve up to 50 per cent operational costs savings by adopting the relatively inexpensive technology, which is easy to develop and maintain. One of the UAE banks has already …
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Dubai Exports Builds on Brazil Ties to Boost Trade and Economy
The delegation, which was led by Her Excellency Hafsa Abdulla Mohamed Sharif Al Ulama and comprised representatives of the First Abu Dhabi Bank and the Dubai Chamber office in Brazil, met with trade associations and business groups in the provinces of …
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Sri Lanka eyes stronger trade ties with the UAE
“The UAE has now become Sri Lanka’s sixth-largest global trading … “There will be a number of stalls, from property developers to banking and non-banking sectors. “It will be a meeting point for Sri Lankans who want to enjoy the benefit of …
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A New Yorker shares his first Dubai Metro ride
Dubai: If you take the Dubai Metro every day to work, you have so much to be grateful for, especially if you use the Gold Class. A New Yorker, Benjamin Zhang, has travelled all the way to Dubai and taken the emirate’s main transportation system for an in …
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Determined Indian walks from Sharjah to Dubai
Wearing a prosthetic left arm, he became a crowd puller at Dubai Municipality’s Car Free Day celebrations when he reached the venue with a placard in his right hand. Gulf News spotted Javed walking along with the employees and officials of Dubai Economy …
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Nearly Dh4 billion lost in the UAE to cybercrime in 2017
People in the UAE may feel safe online, but hackers have proven anything but. They stole Dh3.86 billion from 3.72 million consumers in the country over the past year, according to the recently released 2017 Norton Cyber Security Insights Report.
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UAE tax authority warns VAT deadline approaching
The UAE’s Federal Tax Authority (FTA … FTA director general Khalid Ali Al Bustani reminded business of the importance of submitting returns on time. Returns are submitted on a monthly or quarterly basis depending on the annual revenue of the company.
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Delegation From Aldar Properties Visits Wahat Al Karama
Aldar Properties is undertaking multi-billion Dirham civic projects to help develop Abu Dhabi, the capital emirate of the United Arab Emirates, into an international business magnet and tourist destination. As the Emirate’s premier real estate …
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Dubai issues law to regulate property sales
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has issued Decree No. 01 of 2018 regulating the sale of lands and houses granted in Dubai. The decree aims to provide housing solutions for the …
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New decree allows Emiratis in Dubai to sell property grants
UAE Vice President and Prime Minister and Dubai Ruler HH Sheikh Mohammed bin Rashid Al Maktoum has issued a new decree regulating the sale of lands and houses granted to Emiratis in the city. The decree aims to protect households and preserve the …
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Dubai issues new law to regulate MRHE property sales
HH Sheikh Mohammed bin Rashid Al Maktoum, the UAE Vice President, Prime Minister and Dubai Ruler, has issued a royal decree to help regulate the sale of lands and houses granted in the emirate. The decree aims to provide housing solutions for the …
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