Raffles has ben operating a property at the Wafi complex in Dubai for some years now. The Palm360 — which will be the tallest structure on the Palm — will thus be Raffles’ first beachside resort in the city. Raffles will also manage the residential …
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Dubai Economy launches two endowments
Dubai Economy has launched two endowment initiatives, one for awareness and the other for economic knowledge, as part of the Year of Giving. The awareness endowment will support firms demonstrating their social responsibility through sustainable community …
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UAE, Saudi Arabia forming new group, separate from GCC
KUWAIT CITY — The United Arab Emirates on Tuesday announced it has formed a new economic and partnership group with Saudi Arabia, separate from the Gulf Cooperation Council — a move that could undermine the council amid a diplomatic crisis with member …
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New Dubai-Sharjah access to be ready by August
We are tripling the number of lanes on each side from three to nine, with a three-lane exit ramp from Dubai to Sharjah, expanding the current two lane exit loop to three lanes as well adding three lanes to the Fujairah exit,” Al Hammadi told Gulf News on …
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UAE’s private businesses make a rush to place orders
“The PMI (purchasing managers index) reading for November confirms our view that the UAE’s non-oil sector will likely see strong growth in the fourth quarter of this year, as both households and business will likely boost purchases before VAT comes …
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Union National Bank is a pillar of the United Arab Emirates economy
The financial services sector is an important part of the UAE economy, one that helps much of the region’s growth. In 2016, according to the Ministry of Economy, this industry contributed 9.8 percent of GDP and 12.8 percent of non-oil sector domestic …
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Dubai’s GEMS Education hires bankers for IPO
including Bank of America Merrill Lynch and JP Morgan, to pursue an initial public offering next year, according to multiple people familiar with the process. The largest school operator in Dubai has also included Credit Suisse and Morgan Stanley in the …
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250 credit card customers in Dubai affected
Credit card details of many UAE residents have been stolen and the central bank has asked financial institutions to inform customers and cancel the cards. “Please note that these details have been compromised and thus, contact the persons mentioned in the …
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Dubai Islamic Bank’s “Double Your Salary” Promotion is a Winner!
Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, hosted the second monthly draw of its latest promotion, “Double Your Salary. Double Your Joy”. The second monthly draw was held at the Etihad Mall branch in Muhaisnah-1 and officiated by …
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Central Bank gold holdings amount to Dhs1.129b
ABU DHABI: The UAE Central Bank’s reserve of gold bars amounted to Dhs1.129 billion by the end of October 2017, a growth of 11.2 per cent from Dhs1.015 billion by the end of 2016. The month of April 2017 saw the CB resuming gold holdings after eight …
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Head of IT Infrastructure – Banking – Michael Page International (UAE) Limited – Dubai Jobs
This role has 3 core focus areas – Operational Delivery of the infrastructure tier for the Enterprise, integrating the application and infrastructure services to ensure business service availability and embracing new ways of working with infrastructure …
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UAE’s investment momentum set to play strong role into 2018
… data for the second half of 2017 on the UAE economy point to of a gradual build-up in non-oil economic momentum in 2017 though headwinds remain, according to data compiled by Abu Dhabi Commercial Bank’s (ADCB) Economic Research. “A key driver is …
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The rise of an app that helps UAE nannies save, invest and borrow
It is licensed as a payments services provider by the Dubai Economic Department and is able to offer banking services by partnering with Sharjah-based United Arab Bank, which holds the deposits. But Rise wants to do more than just offer banking services to …
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Network and Voice Infrastructure Manager – Banking – Michael Page International (UAE) Limited – Dubai Jobs
This role will focus on all Network & Voice products with end to end responsibility of the platform ownership across whole of business. This role will be accountable for the overall platform operational stability and will lead the products engineering …
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UAE refutes Houthi missile claims, reassures confidence among citizens
The UAE National Emergency Crisis and Disaster Management Authority … According to Bloomberg, the Yemeni conflict has caused serious financial pressures at a time when oil prices are low and have led to a $200bn decline in Saudi net foreign assets …
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Solar panels on skyscrapers not so farfetched
Dubai has just launched the world’s largest concentrated solar power project, and following two world records set in Dubai and Abu Dhabi last year, the cost of solar energy is also expected to reach record lows this year. Solar energy is at the brink of …
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Dubai volunteers work for tens of thousands of hours
Aside from individual volunteers, there were also 171 companies in Dubai that registered with CDA this year to give back to the community. Hana Bakkar Al Harthi, Director of the Social Cohesion Department at CDA, earlier told Gulf News that CDA is …
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