Economic conditions in Dubai improved in the first quarter year-on-year and also over the last quarter of 2017, according to the latest business confidence survey by the Department of Economic Development (DED). The Composite Business Confidence Index …
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Sharjah Ruler opens Rain Room project
Sharjah: His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated on Sunday the Rain Room project in the presence of Shaikha Hoor Bint Sultan Al Qasimi, President of Sharjah Art Foundation (SAF …
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Sharjah Municipality seizes 40 apartments rented to illegals
Sharjah: Sharjah Municipality has begun a campaign to stamp out illegal housing practices, an official has said. The civic body says violators place a huge burden on the community, and pose a real risk to public health and safety. Khalifa Al Suwaidi, head …
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Sharjah launches ‘May Day Festival’ to mark Labour Day
Sharjah, April 28 : In commemoration of the International Labour Day, the Sharjah Labour Standards Development Authority has launched its mega “May Day Festival” which will run till May 4. “The recent initiative is a small step towards a bigger goal that …
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Bank of Sharjah P J S C : Sharjah Islamic Bank announces Q1 2018 net profits of AED143.1 million
SHARJAH, 29th April, 2018 (WAM) — The Sharjah Islamic Bank, SIB, has announced its first quarter 2018 financial results with net profits of AED143.1 million, compared to AED139.1 million in the same period last year, indicating a three percent increase …
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Dubai Properties launches third phase of Amaranta cluster
Dubai Properties has announced the launch of the latest phase of its Villanova master community in Dubailand. Construction of the third phase of Villanova’s Amaranta area, comprising 300 three- and four-bedroom townhouses with a Spanish façade, will …
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What makes Dubai’s real estate market of today so different from 2008
In September 2008 the first Dubai off-plan property boom came to a sudden stop with the arrival of the global financial crisis. This proved a double whammy for the local economy that was rescued by a $20 billion emergency package from Abu Dhabi later the …
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Dubai Police showcase pioneering smart station technology in London
Dubai’s pioneering Smart Police Station has caught the attention of academics and government officials during a meeting of the Future Leaders Assembly. Residents in Dubai will be familiar with the station, which allows the public to report crimes or …
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UAE e-commerce and contactless transactions boosted under new agreement
led by UAE government initiatives to offer citizens and residents innovative digital payment options. Near Field Communication (NFC) technology is among the latest payment solutions being adopted by financial institutions in the region enabling customers …
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UAE banks to experience strong liquidity this year
Dubai: The liquidity situation in the UAE’s banking sector is much more comfortable due to surging oil prices, as compared to the previous two years, and banks are expected to experience an abundance of funds in the near term, banking sector analysts and …
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UAE gains traction as competitive global wealth management centre
As such, we have seen the UAE’s ranking on the Global Financial Centre Index (GFCI) gradually rise,” said Khaled Sifri, CEO of Emirates Investment Bank. In the global ranking, Dubai ranks 25th, worldwide, followed closely by Abu Dhabi, which comes in …
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Austria’s OMV signs $1.5B deal for stakes in Abu Dhabi oil
Austria’s OMV has signed a deal worth $1.5 billion for a 20 percent stake in two offshore concessions in the United Arab Emirates’ capital, Abu Dhabi. The oil and gas company, which is based in Vienna and is part-owned by a subsidiary of Abu Dhabi’s …
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3.9% price inflation in Abu Dhabi for first quarter of 2018
Abu Dhabi: The inflation rate in consumer prices for the first quarter of 2018 stood at 3.9 per cent compared with the same period of 2017, the Statistics Centre of Abu Dhabi (SCAD) reported. The centre’s monthly report on the consumer price index (CPI …
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Abu Dhabi Islamic Bank to enjoy stronger capital base after robust earnings: report
Pharos upgraded its fair value evaluation (FV) of Abu Dhabi Islamic Bank (ADIB) to EGP 29 per share, according to a recent report issued by Beltone Financial. The upgrade reflects the current valuation of the bank excluding any plans for a rights issue …
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Registration is Open for 2nd Solar Decathlon Middle East in 2020, With Prizes Totalling Over AED20 Million for the Two Competitions
DUBAI, United Arab Emirates–(BUSINESS WIRE)–Dubai Electricity and Water Authority (DEWA) has announced that registration is now open for the second Solar Decathlon Middle East (SDME). SDME was created through an agreement between Dubai Supreme Council …
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Dubai Properties’ 1/JBR reaches 40% completion
RELATED ARTICLES: Dubai Properties begins handover of Mudon’s Arabella townhouses | Dubai Properties completes marina at Marasi Business Bay project | Dubai Properties confirms new group CEO’s appointment Dubai Properties’ 1/JBR residential building in …
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UAE- Apple working on wireless AR, VR headset: Report
(MENAFN – Khaleej Times) Apple is reportedly working on a standalone Virtual Reality (VR) and Augmented Reality (AR) headset that will combine both technologies. According to a report in CNET, the headset, code-named “T288”, would tap into the iPhone-maker …
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