MUMBAI: Indians bought property worth Rs 42,000 crore in Dubai from January 2016 to June 2017, making them yet again the top foreign property investors in the Emirates, according to the Dubai Land Department. This is an increase of Rs 12,000 crore from …
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UAE’s largest bank says nine-month net profit tops $2bn
The UAE’s largest bank, created from the merger of National Bank of Abu Dhabi and First Gulf Bank, has reported more than AED8 billion ($2.18 billion) in net profit for the first nine months of 2017 First Abu Dhabi Bank (FAB) secured AED8.09 billion in …
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‘India, UAE compliment each other in areas of business growth’
India and the UAE compliment each other in areas of business growth and the private sectors are ready to support the two governments, a top company executive has said here. The UAE is the 10th largest FDI source market for India with cumulative FDI …
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First treatment unit for adolescent addicts in Abu Dhabi soon
Abu Dhabi: Within the next six months … head of psychiatry at the NRC, told Gulf News. “The hope is that rehabilitation programmes for youth will also reduce the number of young adults suffering from substance abuse disorders. After all, 47 per …
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Dubai property sits on shifting sands
Even by the level of conspicuous consumption prevalent in Dubai’s fitful property market, apartments at the Royal Atlantis stand out. Together with the 795-room hotel that will share the building, the 231 top-end homes currently under construction on the …
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Checkout.com Brings Apple Pay to its Customers in the UAE
https://checkout.com/blogs/ bringing-apple-pay-uae-touch-id-payments-apps-websites/ Here at Fintech Finance, we work with renowned executives in the industry to provide key decision-makers globally within leading financial services organizations with …
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Dubai kicks off ‘A Day without Service Centres’
Dubai: Government service centers across Dubai are closed today … using the kiosk instead of going to the counter,” the 43-year-old from Egypt told Gulf News. Some transactions that require physical appearance have remained open for people.
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Dubai Exports and DIEDC seek New Zealand’s partnership in building Halal hub
Dubai Exports, the export promotion agency of Dubai Economy … are purchasing Halal products and services due to its natural and wholesome nature. In the financial services sector we have seen that a large proportion of the customers of Islamic banks …
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Barriers still holding back growth of Islamic finance – Fitch
The ratings agency said greater harmonisation of sharia codification within and between jurisdictions is often cited as a limiting factor if Islamic finance is to gain wider acceptance among regional and international investors. Dubai, through its Islamic …
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Abu Dhabi’s Mubadala mulls Emirates Global Aluminium IPO in 2018
Reuters reported in March that EGA had chosen banks to advise on the listing, but this is the first time its owner has confirmed the planned IPO. “We hope to take this … Owned by Mubadala and Investment Corporation of Dubai (ICD), aluminium producer …
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UAE central bank says removes more excess liquidity
The central bank of the UAE removed liquidity for the third straight month as an increase in deposits amid signs of economic improvement bolsters the banking industry. It withdrew Dh12.3 billion in September, Dh3.1bn in August and Dh8.2bn in July, the …
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Judo Federation chastises Abu Dhabi over Israeli treatment
JERUSALEM – The International Judo Federation is demanding that the United Arab Emirates treat Israeli athletes equally after reports it is banning the Israeli flag at an upcoming contest. A letter from the IJF to the president of the UAE Judo Federation …
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Dubai Zoo to close on November 5
Dubai: The 50-year-old Jumeirah Zoo will now be closed in preparation for the opening of the Dubai Safari project, Dubai Municipality announced on Wednesday. In a press release, Khaled Al Suwaidi, director of Leisure Facilities Department at Dubai …
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‘Dubai Tap’ to help save 27,000 litres of water per person for ablutions
told Gulf News the new taps will also be used in Dubai Municipality projects. As per the agreement, the company shall bear all costs for the production and marketing of the product, while the Municipality shall encourage property developers to use Dubai …
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New assistive technology to be on show for people with determination
Dubai: Technology has been helping people of determination to be more independent and increase their employability and many of these new devices will be exhibited in this year’s AccessAbilities Expo 2017 happening next month. AccessAbilities Expo 2017 …
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Hussain Al Qemzi leaves Noor Bank
Dubai: Noor Bank on Wednesday announced the departure of Hussain Al Qemzi from his position as Managing Director of Noor Bank, effective October 31, 2017. Hussain Al Qemzi was CEO of Noor Bank from its inception in 2008 until June 2017 when he became the …
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Former UAE resident battles bizarre case of ‘identity theft’
Dubai: A bizarre case of “identity theft” has landed a former UAE resident in serious trouble. Pakistani Zair Mohammad claims copies of his Emirates ID are being brazenly used by unknown persons to rent cars and take loans in his name, even as he faces …
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