The Commercial Bank of Dubai will soon launch CBD NOW, the UAE’s first digital-only bank. The new bank is based entirely online and will offer all the services a regular bank does, such as current accounts, saving accounts and credit card accounts.
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National Bank of Kuwait Q4 net profit rises 40 per cent
Dubai:National Bank of Kuwait (NBK), the Gulf Arab state’s largest commercial lender, posted a 40 per cent rise in fourth-quarter net profit, according to Reuters’ calculations, as the bank continued to benefit from government spending. The bank made a …
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Eshraq Properties : focuses on Abu Dhabi and Dubai projects as construction starts
Eshraq Properties says it is pressing ahead with long-delayed projects in Dubai and Abu Dhabi. The Abu Dhabi-listed developer started initial work on the Dh225 million Jumeirah Rise project in Jumeirah Village Circle in October. It said that construction …
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LinkedIn reveals list of the UAE's 45 most viewed profiles in 2016
a list of the UAE’s 45 most viewed profiles in 2016. The profiles of “exemplary professionals” include CEOs from the public and private sector and executives from industries such as marketing and advertising, human resources, technology and lifestyle …
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UAE ranked as world’s most Muslim-friendly destination
Dubai: The UAE is the world’s best place for Muslim tourists, ahead of Malaysia and Turkey, according to new think tank data. Data revealed in the 2016-2017 Global Islamic Economy Report, measured the level of facilities that are Halal — permitted in …
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Dubai firefighters reach new heights as they use JETPACKS to beat the traffic and put out blazes
Firefighters in Dubai are set to become even more like superheros with the introduction of jetpacks. Dubai Civil Defence recently launched the Dolphin, a jetski equipped with a jetpack and fire hose which will allow firefighters easy access to fires on …
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Dubai Fights Fires With Jetpacks
The Dubai Civil Defence unwrapped new technology that helps firefighters rise to the occasion. Trucks and hydrants are ideal for extinguishing fires on dry land. But how do you snuff out a burning ship or beach-front resort? The Dubai Civil Defence (DCD …
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Dubai launches Dolphin water jetpack system for firefighting from the air
Dubai is now taking firefighting techniques to new heights — literally. Further cementing its reputation as one of the world’s most technologically advanced cities, Dubai has invested in water jetpack systems for firefighting. A video released by the …
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Abu Dhabi win caps career turnaround for Fleetwood
On Sunday, the 26-year-old Fleetwood topped what could be the strongest field of the year on the European Tour to win the Abu Dhabi HSBC Championship by a shot. His swing held up in the most trying of circumstances in the final round, with major champions …
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Gold at 2-month high; Should you sell in Dubai?
Precious metal funds saw their biggest inflow in five months and bond funds notched a fourth consecutive gain over the last week, as investors continued to hedge “Trump trades” put on late last year that bet on stronger growth and rising inflation.
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Dubai has new safety rules after high-rise fires, but few details
DUBAI, United Arab Emirates – New fire safety rules have come to Dubai after a series of skyscraper fires that marred its futuristic skyline, but authorities offered few details Sunday about how they’ll force owners to replace flammable siding with …
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Dubai real estate market sees $3.2bn of deals in fortnight
Dubai’s real estate market generated transactions worth $3.2bn during the first 15 days of January 2017, according to the latest report issued by Dubai Land Department (DLD). “By studying the index at the end of last year, DLD predicted that the market …
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UAE and India: A relationship going stronger
UAE President Shaikh Zayed Bin Sultan Al Nahyan visits India and held meeting with Indian Prime Minister Indira Gandhi and signed a cultural agreement along with various other agreements. Indian Prime Minister Indira Gandhi paid a two-day visit to the UAE …
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Dubai introduces water jetpack system, tougher rules to tackle fires
DUBAI: The Dubai Civil Defence unveiled on Sunday (Jan 22) its latest firefighting technology which involves a water jetpack system called Dolphin that helps reduce response time by allowing firemen to rush to the scene via waterways rather than on …
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Dubai and Abu Dhabi named as favoured locations by world’s wealthiest homebuyers
Dubai and Abu Dhabi have both featured on a new ranking of the 50 most important cities for property ownership among the world’s wealthiest people. The Alpha Cities Index has been created by consultancy Wealth-X and is a ranking of the cities that ultra …
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UAE bank deposits up by Dh42b
Abu Dhabi: Total bank deposits in the UAE increased by Dh41.7 billion in December 2016 due to a Dh25.9 billion increase in resident deposits and a Dh15.8 billion increase in non-resident deposits. According to a statement from the UAE Central Bank, gross …
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NBAD sees Dubai, Abu Dhabi residential market bottoming
National Bank of Abu Dhabi (NBAD) said in its yearly investment outlook, released Sunday. In the fourth quarter to December 2016, the rate of decline in property prices stabilised in Dubai and certain mid market witnessed a small uptick. New project …
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