DUBAI: Saudi Aramco has named six new heads of departments including its finance unit after a government reshuffle last week saw several executives at the oil giant moving to other state posts, sources familiar with the matter said on Tuesday. Khalid Al …
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85 per cent of UAE residents believe they are not saving enough
It is as simple as that.” Al-Ali added. Over 68 per cent of those surveyed in the UAE claimed their financial stability contributes their overall happiness. The report also found measurements for overall happiness included taking out health insurance …
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Dubai ranks 3rd globally in public finance
DUBAI: Dubai ranks first in the Arab world in terms of government budget (as percentage of GDP) while globally the emirate ranks seventh in government efficiency and third in public finance, according to the ‘Competitiveness Report 2018’ issued by the …
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Hamdan increases financial support for Sudan university
Dubai: Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and patron of Al Maktoum Foundation, announced that he would increase his annual financial support to $500,000 for Sudan’s International University of Africa (IUA).
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Bank ABC announces key UAE appointment
Bahrain-based Bank ABC, a leading international financial group in the region, has announced the appointment of Ammar Khalil as the senior executive officer of the bank’s branch at the Dubai International Financial Centre. In his new role, Khalil will …
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Kerala CM to launch NRI chitty in UAE next month
The Kerala government’s dream programme to raise money from its diaspora through “chitties”, or a chit fund scheme launched by state-run Kerala State Financial Enterprise (KSFE), will be inaugurated by Chief Minister Pinarayi Vijayan in UAE next …
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UAE Property Firms Post Over $1.1bn in Q1 Profit
In more detail, eight listed property companies at Dubai Financial Market posted profits of Dh3.65 billion during the first three months of the year, up 36.2 per cent from Dh2.68 billion during the same period in 2017, according to official figures issued …
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85% of UAE residents still not saving enough for their future: National Bonds
“Remember that financial literacy is not prevailing enough among the public and the UAE gives people a very good lifestyle, so many do not put money aside. To help solve this disconnect, Mr Al Ali says residents need to be more disciplined and start saving …
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Dubai leads regional, global rankings in IMD Competitiveness Report
The emirate is also ranked third in public finance and seventh in government efficiency globally due to clear and streamlined approach to government work, supplemented by policies and plans that support business competitiveness. “Dubai has set a high …
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Abu Dhabi Announces $13.6 Billion Stimulus Program Over 3 Years
Abu Dhabi will spend 50 billion dirhams ($13.6 billion) over three years to stimulate its economy, the oil-rich emirate’s crown prince said. The government will take steps to support new industries, encourage tourism and make it easier to do business …
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Abu Dhabi introduces blockchain offering for paperless trade
A subsidiary of Abu Dhabi Ports has introduced a new blockchain offering to improve the communication flow among its trade community. Maqta Gateway is the first Abu Dhabi entity to develop and launch its own blockchain-powered solution. The entity was …
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Dubai Properties Unveils Middle East’s Largest Living Green Wall at Dubai Wharf
In a bid to promote sustainable living, Dubai Properties today officially unveiled the Middle East’s largest living green wall at Dubai Wharf, located in the heart of Culture Village overlooking the historic Dubai Creek. Extending 210 metres in length …
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Dubai gears up for debut property tech show
More than 400 senior delegates from the GCC representing real estate development, community and facilities management and property research and development, will be at the inaugural PropTech Middle East 2018, a first-of-its-kind event to be held in Dubai …
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Dubai Properties unveils Middle East’s largest living green wall
RELATED ARTICLES: Project update: Inside Dubai Properties’ minimalist $272m 1/JBR tower | Dubai Properties’ 1/JBR reaches 40% completion | Dubai Properties begins handover of Mudon’s Arabella townhouses Dubai Properties unveiled on Tuesday the Middle …
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UAE’s First Property Technology Event Set for October
Over the past few years, the rapid adoption of technology in the financial services sector has changed the traditional banking models and led to the emergence and widespread acceptance of mobile banking, biometric banking, and digital wallets, thereby …
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Dubai Police keep Maktoum Memorial crown
Dubai: Former Al Ahli midfielder Waleed Ahmad marked his return … “Playing in Division One once again will be the next challenge for me personally,” Waleed Ahmad told Gulf News. “This tournament is a great moment for us, not because we have won …
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UAE’s ADNOC may sell more of distribution business: sources
DUBAI/ABU DHABI (Reuters) – Abu Dhabi National Oil Company is considering selling another 10 percent stake in its fuel distribution business, which listed in an initial public offering last year, but the timing is uncertain, three sources familiar with the …
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