DUBAI, 23rd June, 2018 (WAM) — Dubai Properties, a member of Dubai Holding, is drawing high interest for its upscale projects from investors and potential buyers in China as part of its participation at Luxury Property Showcase (LPS) Beijing 2018, the …
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UAE- Going solar for the future
(MENAFN – Khaleej Times) Besides reducing electricity bills, residents are encouraged to take advantage of Dubai’s cheap solar energy to contribute to providing a cleaner environment by installing solar panels in their properties. The Dubai Electricity and …
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Generation Start-up: Dubai’s Democrance to help region’s poorest access insurance
before moving to Cairo and then Dubai to help develop micro-insurance products. He later decided to leave the corporate world to launch his own business. “Insurance companies weren’t ready from a technology and innovation point of view to enter the low …
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Emirates Insolaire’s coloured solar panel technology gets strong response at Intersolar Europe
Emirates Insolaire, Dubai Investments’ joint venture with SwissINSO Holding Inc., which offers the world’s-first KromatixTM coloured solar panels technology, generated a lot of enquiries for building integrated photovoltaic modules from consultants …
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Future of transport: From Dubai to Abu Dhabi in 12 minutes
Dubai: An ultra-high-speed train that travels like a jet would significantly cut travel time between Dubai and Abu Dhabi to just about 12 minutes, from the current 90 minutes. This innovation, using a futuristic mode of vacuum tube-based transport, would …
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The future of free zones in the UAE
But despite the news having potential ramifications for free zones, the ownership rules were met with universal praise and positivity by the business community. Yusuffali MA, chairman and managing director of UAE-based retail giant Lulu Group International …
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Arabian Business Entrepreneur of the Week: Koi’s Ghassan Muradweij
As of now, we only operate in Dubai, but we are targeting to offer rides in the top five cities around the world by the end of 2018. Were you ever afraid to set up your own business? More importantly, how did you overcome that fear? Humans, by nature …
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Diamond industry upbeat over possible Sharjah flight
Industry sources said that the Air India Express’s plan to connect Surat directly with Sharjah will further boost the diamond trade with the world’s second largest diamond centre in Dubai. About 80% of the diamantaires, including small, medium and big …
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DFSA signs MoU with Astana Financial Services Authority
Dubai: The Dubai Financial Services Authority, DFSA, has entered into a Memorandum of Understanding with the Astana Financial Services Authority, AFSA. The MoU was signed in the Dubai International Financial Centre, DIFC, by Bryan Stirewalt, Managing …
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Trial reopened for suspect who says child pornography came from Abu Dhabi police
After ruling testimony from an accused child pornography importer that the material found on his electronics belonged to the Abu Dhabi police was admissible, a Calgary judge has agreed to reopen his trial. Justice Earl Wilson on Friday agreed with Crown …
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Investcorp’s Undisclosed Payments Didn’t Breach Deal: Court
Law360, London (June 22, 2018, 9:15 PM BST) — The top appeals court for U.K. overseas territories has dismissed claims that Investcorp Bank BSC breached an agreement with a Dubai-based businessman who lost out when a series of leveraged hedge fund …
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Going solar for the future
Besides reducing electricity bills, residents are encouraged to take advantage of Dubai’s cheap solar energy to contribute to providing a cleaner environment by installing solar panels in their properties. The Dubai Electricity and Water Authority (Dewa …
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UAE Central Bank’s fees cap may push lenders to raise interest rates
The UAE’s Central Bank decision to cap fees and commissions on select banking services may drive some lenders to raise interest rates to cover their risk, banking analysts said. The regulator’s move will mainly affect retail banks, who may see an …
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Revealed: what the new UAE bank fee changes actually are
While credit card and home loan customers will benefit from the bank fees overhaul by the UAE’s Central Bank, some borrowers will lose out, according to analysts who have seen the Amendment circular detailing the changes. Of the 43 capped fees on retail …
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Has your UAE bank added the new fee cap to its website?
The Central Bank of the UAE (CBUAE) has made a significant move to eradicate injustice by setting a maximum limit on fees and commissions charged by the banks. Brought into effect on Tuesday, June 19, expatriates and entrepreneurs living and working in the …
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Here’s what you need to know about the new UAE banking fee regulations
Between all the interest rates, car repayments and hidden charges, it can all be a bit much. Thankfully, the UAE Central Bank has announced that it will be placing new caps on the certain fees that banks and other lenders can charge their customers in the …
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UAE cbank sets new caps on banking fees
The UAE Central Bank (CBUAE) has announced new maximum limits or ‘caps’ for fees or commissions charged on retail customer service in a move to protect consumers against arbitrary levying for various services, a media report said. The fee caps apply to …
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