The week-long initiative, led by the Dubai Government’s Department of Finance (DOF) under the directives of Sheikh Mohammed, aims to make Dubai the smartest and happiest city in the world by raising a…
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Dubai real estate brokers earn 35% less commission in first nine months of 2018
Real estate brokers in Dubai earned 35 per cent less commission in the first nine months of 2018 compared to the same period last year. Figures from Dubai Land Department (DLD) showed Dhs842m ($ …
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Andaz Capital Gate Abu Dhabi Opens Doors in the Middle East
View the full release here: https://www.businesswire.com/news/home/20181104005006/en/ “As we weave in the sights, sounds and tastes of the local Abu Dhabi culture, the opening of Andaz Capital …
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UAE non-oil private sector growth eases in October but new business up
The UAE’s non-oil private sector economy continued to expand in October, though at a slower rate than the previous month due to a drop in output growth, according to the latest survey from Emirates NB…
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UAE law allowing 100% foreign ownership now in force
Read: UAE law allowing 100% foreign ownership to … in respect of the type of legal entity which may carry on business in the relevant sector Apply minimum capital requirements Impose …
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Record business optimism levels lift UAE economy
Business optimism in the UAE rose to a record high in October prompted by a surge in oil prices as well as announcements of increased government spending and Expo 2020 investment, a survey by Dubai’s …
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UAE Secures 11th Spot on World Bank’s Doing Business Rankings
The UAE moved up 10 spots to 11th overall this year in the World Bank’s global Ease of Doing Business rankings, creating a world-class business-friendly environment and enabling the country to vie wit…
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UAE employees can expect a 4.8 per cent pay rise next year
The reforms, along with a wider digital technology adoption, has left UAE business leaders feeling more confident about their companies’ prospects for next year, as growth in the economy drives demand …
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UAE’s lowest temperatures touch 11.7 degrees Celsius
Dubai: Early mornings are getting cooler in the UAE as the official start to winter is drawing closer. Minimum temperatures in some parts of the country trended downwards to 11.7 degrees Celsius …
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UAE to pump Dh486B into Adnoc
The UAE will pump Dh486 billion to ramp up its oil production … It also announced new discoveries of one billion barrels of oil in place and approved Adnoc’s new five-year business plan and capital …
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Hotel Review: InterContinental Abu Dhabi
I had the chance to stay at this property for a long weekend and try some of the hotel offerings. If you can remain sober during your holidays keep yourself out of trouble, Abu Dhabi is a fine destina…
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Sharjah Contact Centre goes 24/7
Sharjah: Sharjah Contact Centre of the Sharjah Government Media Bureau (SGMB) announced its new 24/7 service on Sunday. The new service aims at activating communication with the public through …
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Saudi schools IPO underscores weakening foreign demand
Dubai: A Saudi private school operator’s initial … department didn’t reply to calls or emails seeking comment on the IPO. Bankers were marketing NCLE’s shares in a tough environment …
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Dubai Customs Organizes Workshop on Blockchain Technology in Customs Business
Business Innovation Department in Dubai Customs organized a workshop for the employees on the blockchain technology in customs field. Renowned American blockchain expert Chris Benet, an influencer in …
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Dubai International Financial Centre Signs Landmark Agreement with China Banking Association
MoU to create synergies and promote knowledge sharing in the areas of financial services and FinTech The two entities to collaborate on sharing best practices and delivering enhanced services to their …
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New law enhances discretionary powers of UAE Central Bank
… Law No. 14 of 2018), entrusts the Central Bank of UAE with the responsibility of licencing and regulation of all kinds of financial services activities in the UAE. The law expands on previous …
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Bank results reflect strong revival in operating environment
Dubai Islamic Bank (DIB) reported a net profit of Dh3.7 billion for the first nine months of 2018, up 12.1 per cent from Dh3.3 billion reported in the same period last year. For the third quarter …
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