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Posted on 27/06/2018

Saudi stocks most expensive versus Dubai in seven years

“As far as the UAE is concerned, we do see a lot of valuation mispricing both in real estate and banking names. But weak sentiment, the lack of depth and better green shoots elsewhere could continue to drag the markets down,” Chandrasekaran said.
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Posted on 27/06/2018

Why Dubai Ruler promoted a customs officer

Dubai Media office also announced the news of the officer’s promotion, and said that Shaikh Mohammad, “ordered the promotion of Al Badwawi, the passport officer at the Hatta border crossing of the General Directorate of Residency and Foreigners Affairs …
( read original story …)


Posted on 27/06/2018

UAE Attends Third Annual Meeting Of Asian Infrastructure Investment Bank Governors To Discuss Mobilising Private Capital For Infrastructure Funding

A UAE delegation attended the third annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB). Following last year’s event on Jeju Island in South Korea, the 2018 meeting ran from 25 to 26 June in Mumbai, India. In line …
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Posted on 27/06/2018

UAE attends 3rd annual meeting of Asian Infrastructure Investment Bank Governors

ABU DHABI, 26th June, 2018 (WAM) — A UAE delegation attended the third annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB). Following last year’s event on Jeju Island in South Korea, the 2018 meeting ran from 25th …
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Posted on 27/06/2018

UAE Banks Federation organises ‘TASHARUK’ workshop

Only by adopting a collaborative and systematic approach towards information sharing of cyber threat intelligence, banks can establish an effective defence to sustain a safe and secure banking ecosystem,” said Abdul Aziz Al Ghurair, Chairman of the UAE …
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Posted on 27/06/2018

Saudi, UAE, Kuwait to announce Bahrain support

Dubai: Saudi Arabia, the UAE and Kuwait will announce soon an integrated programme to support Bahrain’s economic reforms and its fiscal stability, a joint statement from the three Gulf states said on Tuesday. The three wealthy Gulf states said they are …
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Posted on 26/06/2018

Abraaj chief faces criminal charges in the UAE

Arif Naqvi, founder of the Abraaj Group, is facing criminal investigation in the UAE for issuing bad cheques. The new development is expected to jeopardise the prospects the company’s efforts to resolve its issues with investors and creditors through …
( read original story …)


Posted on 26/06/2018

400 workers sleeping in streets after eviction from Sharjah building

However, Sharjah Municipality, in a statement to Gulf News, said the decision to evacuate was based on a court order. The municipality pointed out that it did not evacuate the building directly and without warning. The workers were notified that the …
( read original story …)


Posted on 26/06/2018

Dubai’s TECOM cuts freelance licence costs by 70%

… is currently available for freelancers in the media and education sectors at the Dubai Media City and Dubai Knowledge Park zones. Among the business roles covered by the scheme are intelligent education consultant, management coach, lighting …
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Posted on 26/06/2018

8,000-year-old village discovered in the UAE

Abu Dhabi: Excavations by archaeologists from the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) on the island of Marawah have revealed the earliest village yet discovered in the UAE. According to new radiocarbon dates the buildings date …
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Posted on 26/06/2018

UAE says it wants Yemen peace deal but Houthis must leave Hodeidah

ABU DHABI/ADEN (Reuters) – The United Arab Emirates (UAE) said on Tuesday an Arab coalition fighting the Houthis in Yemen was cooperating with a U.N. envoy to end fighting, but the Houthis must quit the port city of Hodeidah as a condition for any peace deal.
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Posted on 26/06/2018

Dubai hotspot eyed as Unesco heritage site

Gulf News More than a hundred years ago, it was the centre of harbour-based trade, where boats, dhows and barges passed through to bring cargoes into Dubai. An aerial view of the Dubai Creek with Deira in the foreground. The Creek is lined with sites of …
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Posted on 26/06/2018

UAE Authorities Issue Arrest Warrant Against Abraaj Founder

ABU DHABI/DUBAI (Reuters) – Authorities in the United Arab Emirates have issued arrest warrants for the founder of private equity firm Abraaj and another executive for issuing a check without sufficient funds, according to a prosecution document seen by …
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Posted on 26/06/2018

India May Jointly Bid For UAE Oil Blocks

India is in talks with companies from the United Arab Emirates (UAE) to jointly bid for oil blocks in the Middle Eastern oil producing country, India’s oil minister Dharmendra Pradhan said on Monday. “We are in talks that India could bid in the next …
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Posted on 26/06/2018

Detainees released days after AP report on UAE-run prisons

CAIRO – With hugs and kisses, family and friends of a Yemeni actor celebrated after he and at least three other detainees were freed from prisons controlled by the United Arab Emirates in southern Yemen where they had been held without charges for nearly …
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Posted on 26/06/2018

DUBAI, United Arab Emirates | Videos: Iran protesters confront police at parliament

DUBAI, United Arab Emirates — Protesters angered by Iran … It wasn’t immediately clear who led the protests. Iran’s semi-official news agencies Fars, ISNA and Tasnim described the protests at the Grand Bazaar as erupting after the Iranian …
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Posted on 26/06/2018

Asian Cup 2019: UAE to play friendlies against Trinidad and Tobago, Laos, Honduras and Venezuela

The United Arab Emirates (UAE) will move to Barcelona for their third camp which is set to start from October 1-10. After training for 10 days they will face a relatively tougher opponent in Honduras who are ranked 66 in the latest FIFA ranking.
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