In a latest report, Moody’s Investors Service says mergers will ensure that the banking sector would benefit through synergies and increased pricing power. In the UAE, mergers talks are underway among …
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Lowry fights to hold Abu Dhabi halfway lead by 1 stroke
ABU DHABI, United Arab Emirates (AP) — Shane Lowry of Ireland recovered from two early bogeys Thursday by hitting enough good shots for a 2-under 70, giving him a one-shot lead going into the weekend …
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Dubai says event bid wins worth $330m in 2018
Throughout 2018, Dubai submitted 557 business event bids, up from 354 in 2017, and among the wins awarded were those for bids submitted in previous years. Dubai Business Events (DBE), the city’s offic…
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2018 Dubai property market report at annual breakfast briefing: Cavendish Maxwell
· Report offers key insights into trends in the residential, office, retail and hospitality sectors · The firm casts outlook for real estate market in 2019, highlighting challenges and opportunities C…
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VOT the new buzzword in Dubai property market
Vacant on Transfer (VOT) has become the new market buzzword, while secondary market sales transfers showed an uptick in transactions in 2018, according to an industry expert. The term, mainly used for …
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KG Group buys major stake in Dubai real estate group
KG Group, a leading manufacturer and distributor of products for the automotive, logistics and cement and mining industries, has acquired a major stake in Virtue Properties, a Dubai-based boutique rea…
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Tenants upsize from central locations to outer lying areas in Dubai
Several families in Dubai are moving from centrally located communities to secondary areas. These outer lying communities offer lower prices and the appeal of moving to a new property. “We are seeing …
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The Six: Sharjah Film Platform set to screen boundary-pushing movies
DUBAI: The film festival in Sharjah will screen more than 140 films from over 40 countries between Jan. 18 – 26. Here are a few of the films set to go on show. A housewife is desperately trying to rei…
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Abu Dhabi financial centre launches sustainable finance agenda
The agenda that was launched as part of Abu Dhabi Sustainability Week aims to formally foster the industry of sustainable finance and investments in the UAE and wider region. “Banks have already start…
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Dubai, London financial hubs set to deepen fintech ties
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, deputy ruler of Dubai and chairman of DIFC, on Tuesday received Peter Estlin, Lord Mayor of the City of London. Dubai International Financial Centre …
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Dubai Benefits From Proactive Policies
Recent developments and plans announced by Dubai’s government highlight the emirate’s promising trajectory towards becoming a “future-proof global business capital” according to ICAEW, an accountancy …
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ADGM Sustainable Finance Agenda unveiled at the Abu Dhabi Sustainable Finance Forum
UAE: Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is pleased to unveil its Sustainable Finance Agenda at the inaugural Abu Dhabi Sustainable Finance Forum (ADSFF), …
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Financial institutions are key to funding sustainable projects in the region, ADGM chairman says
to achieve long-term sustainability and prosperity for all,” Ahmed Al Sayegh, who is also a UAE minister of state, said on Wednesday at the Abu Dhabi Sustainable Finance Forum. “To achieve the right r…
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Cavendish Maxwell releases 2018 Dubai Property Market Report at its annual breakfast briefing
· Report offers key insights into trends in the residential, office, retail and hospitality sectors · The firm casts outlook for real estate market in 2019, highlighting challenges and opportunities C…
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UAE grants first set of long-term visas to 20 scientists, researchers
The UAE government has granted the first batch of long-term visas to 20 scientists who were the winners and finalists of the Mohammad Bin Rashid Medal for Scientific Excellence. The announcement …
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Dubai’s non-oil economic growth slows in December
according to new data from the Emirates NBD Dubai Economy Tracker Index. Despite the growth, the statistics show that new business increased at the second-slowest rate in more than two years, with inf…
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Saudi CMA nods to Bait Al Mal Al Khaleeji fund IPO
Riyadh – The Saudi Capital Market Authority (CMA) on Wednesday approved an initial public offer (IPO) for units in BMK Saudi Freestyle Equity Fund Sharia Compliant. The IPO made by Bait Al Mal Al Khal…
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